Dairy Processing Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global dairy processing equipment market size reached US$ 10.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.0% during 2022-2028.
Dairy processing equipment performs various operations in modern dairy farms. Some of these operations include storing, filtering, pasteurizing and homogenizing raw milk. Dairy processing equipment can also conduct a wide range of dairy-related processes ranging from chilling raw milk, cream separation, and packaging to producing processed beverages, cultured products, concentrates and powders. In recent years, the demand for dairy processing equipment has increased, as it helps in reducing manual labor, lowering the processing time and improving the overall plant efficiency.
Dairy Processing Equipment Market Trends:
One of the primary factors driving the global market is the increasing consumption and production of dairy products. Dairy processing equipment is used for extending the shelf-life of dairy products, filling and packaging milk before transportation, and reducing the carbohydrate and fat content. Furthermore, the changing tastes and preferences of consumers have prompted them to shift toward value-added milk-based products, which, in turn, is escalating the market growth. Moreover, manufacturers are investing in research and development activities to improve the efficiency of the equipment. For instance, they are creating smart hydraulic designs that readily achieve the combination of very low baseline pressure and high crossflow required for efficient microfiltration. They are also utilizing thermosonication technology that employs low heat and ultrasound waves to inactivate microorganisms. Additionally, the advent of Industry 4.0 has led to the integration of machine learning, the internet of things and cloud computing with dairy processing equipment to create smarter solutions.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global dairy processing equipment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on equipment, type and application.
Breakup by Equipment:
Pasteurizers
Homogenizers, Mixers and Blenders
Separators
Evaporators and Dryers
Membrane Filtration Equipment
Others
Breakup by Type:
Automatic
Semi-Automatic
Breakup by Application:
Cheese
Processed Milk
Yogurt
Protein Ingredients
Milk Powder
Fresh Dairy Products
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Alfa Laval AB, Feldmeier Equipment Inc., GEA Group Aktiengesellschaft, Genemco Inc., IDMC Limited, IMA – Industria Macchine Automatiche S.p.A. (SO.FI.M.A.), John Bean Technologies Corporation (FMC Technologies), KRONES Aktiengesellschaft, SPX Corporation and Tetra Laval International SA.
Key Questions Answered in This Report:
How has the global dairy processing equipment market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global dairy processing equipment market?
What are the key regional markets?
What is the breakup of the market based on the equipment?
What is the breakup of the market based on the type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global dairy processing equipment market and who are the key players?
What is the degree of competition in the industry?