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Dairy Processing Equipment Market by Type (Pasteurizers, Homogenizers, Separator, Evaporator and Dryer, Membrane Filtration Equipment), Application (Processed Milk, Milk Powder, Cheese, Protein Concentrate, Yogurt), and Geography - Global Forecast to 2024
Report ID: MRFB - 104257 Pages: 153 Mar-2019 Formats*: PDF Category: Food and Beverages Delivery: 2 to 4 Hours Download Free Sample ReportThe Dairy Processing Equipment Market is expected to grow at a CAGR of 5.8% from 2019 to reach $11.05 billion by 2024. Dairy processing equipment provides solution to meet the increasing demand for dairy products along with functional and innovative products. The factors such as growing demand for dairy farm products, increasing dairy farm production, changing taste & preferences among customers, and growing wish for healthier and appetizing dairy farm products are accelerating the dairy processing, which ultimately drives the demand for processing equipment globally. Further, a dairy processing equipment are put in place to solve the challenges faced by dairy manufacturers such as incorrect heating, interfering aromas in milk, and rancidity of formulation ingredients, among others.
Key Findings in the Global Dairy Processing Equipment Market Study:
Pasteurizers Dominates the Global Dairy Processing Equipment Market
In dairy industry, pasteurization helps to make product safe for human consumption, improves preservation quality, and helps to retain good flavor over a longer period of time. Dairy pasteurizers manufactured using efficient technologies ensure better-quality output of dairy products. Many technologically advanced dairy pasteurizers offer a reduction in energy consumption. This helps in lowering the operating costs incurred by the dairy processing plants. Pasteurizers commanded the largest share of the global dairy processing equipment market in 2018, mainly due to growing need to safeguard product stability and surge in expectancy to increase the shelf life of dairy products.
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Cheese Processing Application to Post the Fastest Growth
Cheese industry is demonstrating the signs of strong growth in near future. The rapid growth of this segment is attributed to the shifting dietary preferences which have led to consumption of fast food, versatility of cheese, and improving economies and household incomes. This will drive the demand for cheese processing equipment to meet the growing demand of cheese products.
Asia Pacific: Fastest Growing Regional Market
Asia-Pacific commanded the largest share of the global dairy processing equipment market in 2018, followed by Europe and North America. Also, among other regional markets, the Asia- Pacific dairy processing equipment market is developing and expanding at a fastest CAGR during the forecast period. The rapid growth of this market is mainly attributed to the global shift of manufacturing from North America & Europe to Asia-Pacific region and related rise in the use of equipment in the dairy products manufacturing, rising industrialization, and growing government investments in food processing sector. China is expected to dominate the Asia Pacific market through 2024, mainly due to higher population base, increasing expenditure on convenience and ready-to-eat products, cost effective manufacturing operations, and availability of cheap skilled labor.
Dairy Processing Equipment Market Key Players
The major players operating in the global dairy processing equipment market are GEA Group Aktiengesellschaft (Germany), JBT Corporation. (U.S.), SPX Flow Inc. (U.S.), Krones AG (Germany), Alfa Laval AB (Sweden), Tetra Pak International S.A. (Switzerland), Paul Mueller Company (U.S.), IMA Group (Italy), Feldmeier Equipment INC. (New York), Scherjon Dairy Equipment Holland. (The Netherlands), Stephan Machinery GMBH (Germany), and Shanghai Joylong Industry Co. Ltd. (China).
Scope of Dairy Processing Equipment Market Report:
Market by Type
Market by Application
Market by Geography
Key questions answered in Dairy Processing Equipment Market report:
Increasing dairy farm production will propel the overall dairy processing equipment market
Pasteurizers account for the largest share of the dairy processing equipment market, globally
Dairy processing equipment market favors both larger and local manufacturers that compete in multiple segments
Recent partnerships, acquisitions, and expansions have taken place in the global dairy processing equipment market
Published Date: Jul-2024
Published Date: Jan-2024
Published Date: Jan-2024
Published Date: Jan-2024
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