The global demand for dairy processing equipment market size was worth at approximately USD 8,624.3 Million in 2019, and is estimated to grow to USD 12,629.1 Million by end of 2026, growing at a CAGR of around 5.6% from 2020 and 2026.
According to the report published by Zion Market Research, global demand for dairy processing equipment market was valued at approximately USD 8,624.3 Million in 2019, and is expected to generate revenue of around USD 12,629.1 Million by end of 2026, growing at a CAGR of around 5.6% between 2020 and 2026.
Milk is a nutritious food product and possesses short lifespan, and hence is needed to be handled carefully. It is highly perishable and is a good medium for the growth of microorganisms. Dairy processing equipment allows milk to be preserved for the longer period; hence, it reduces the chances of food-borne diseases. Dairy processing equipment is widely used to process milk and production of various milk products such as butter, cream, yogurt, cheese, and others. This processing equipment is globally used in the dairy industries as consumers demand nutritional and packaged dairy products has increased.
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The shift of preferences from raw milk to processed milk also created off-farm jobs such as marketing, the collection of milk, transportation, and processing of milk.
Consumer preferences for healthy products with low cholesterol, low fat, low sugar, and availability of new flavors drive the dairy processing equipment market. A major driver of the global dairy processing equipment market is the rise in the dairy production and change of taste & preferences of consumers. However, key dairy manufacturers in dairy processing equipment market focus on new launches, technological advancements, and technologically advanced dairy processing equipment, which is anticipated to fuel the growth of the global market. Increasing disposable income, changing lifestyle and increase in demand for healthy dairy products is expected to fuel the demand for dairy processing equipment.
Report Attributes | Report Details |
---|---|
Report Name | Dairy Processing Equipment Market |
Market Size in 2019 | USD 8,624.3 Million |
Market Forecast in 2026 | USD 12,629.1 Million |
Compound Annual Growth Rate | CAGR of 5.6% |
Number of Pages | 110 |
Forecast Units | Value (USD Million), and Volume (Units) |
Key Companies Covered | A&B Process systems, SPX Corporation, GEA group, Feldmeier Equipment, Inc., the Krones group, Alfa Laval Corporate AB, Tetra Laval group, and IDMC Limited, among others. |
Segments Covered | By Type, By Source, By Application And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latian America, Middle East and Africa (MEA) |
Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
Base Year | 2019 |
Historical Year | 2016 to 2019 |
Forecast Year | 2020 - 2026 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global dairy processing equipment market is segregated based on the application as milk powder, protein concentrates, yogurt, cheese, cream, and others. On the basis of types, the global market is fragmented as pasteurizers, homogenizers, membrane filters, separators, churning equipment, dryers, and others. Moreover, the global market is classified based on geography as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Asia Pacific is the leading region major imports of dairy products. In addition, China acts as a lucrative market for international dairy processors benefitting from the rising consumer demand that may drive the global dairy processing equipment market in the coming years. However, growth in the dairy processing equipment in this region is owing to rising disposable income and increase in population. Further, technological advancements and new strategies adopted by the key players such as collaborations, company expansions, product launches, and others may fuel the global market.
Some main participants of the Dairy Processing Equipment market are A&B Process systems, SPX Corporation, GEA group, Feldmeier Equipment, Inc., the Krones group, Alfa Laval Corporate AB, Tetra Laval group, and IDMC Limited, among others
FrequentlyAsked Questions
With public health awareness of the benefits of dairy products growing, refined dairy products are attracting interest in international markets. In addition, the increase in favourable government policies to help the dairy industry's growth and development is expected to fuel the demand for dairy processing equipment in the near future.
According to Zion Market Research, global demand for dairy processing equipment market is expected to generate revenue of around USD 12,629.1 Million by end of 2026, growing at a CAGR of around 5.6% between 2020 and 2026.
Asia Pacific is leading the global dairy processing equipment market, due to rising demand for dairy products among the consumers in the region. Massive investments in product developments to formulate more appealing milk foods with improved flavor and shapes would have a positive effect on the production of regional products.
Some main participants of the dairy processing equipment market are A&B Process systems, SPX Corporation, GEA group, Feldmeier Equipment, Inc., the Krones group, Alfa Laval Corporate AB, Tetra Laval group, and IDMC Limited., among others.
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