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

The 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

• Pasteurizers
• Homogenizers
• Separators
• Evaporators and Drying equipment
• Membrane Filtration Equipment
• Others

Market by Application

• Processed Milk
• Milk Powder
• Cheese
• Protein Concentrates
• Yogurt
• Others

Market by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • U.K.
  • Spain
  • RoE
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • Australia
  • RoAPAC
• Rest of World
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • RoLATAM
  • Middle East and Africa

Key questions answered in Dairy Processing Equipment Market report:

Increasing dairy farm production will propel the overall dairy processing equipment market

• How does the demand for dairy processing equipment in developed regions differ from developing countries like India, and China?
• How is the competition between the major global and prominent local players in this market?
• Which are the high growth market segments in terms of product types, regions, and countries?

Pasteurizers account for the largest share of the dairy processing equipment market, globally

• What factors contribute to the infrequent usage of dairy pasteurizers?
• Which geographic segment is expected to experience the fastest growth in the usage dairy pasteurizers?
• How does the demand for dairy pasteurizers differ from other end dairy processing equipment?

Dairy processing equipment market favors both larger and local manufacturers that compete in multiple segments

• What are the top competitors in this market and what strategies do they employ to gain shares?
• What is driving growth and which market segments have the most potential for revenue expansion over the forecast period?
• What strategies should new companies look to enter this market use to compete effectively?
• What are the major drivers, restraints and opportunities in the dairy processing equipment market?
• Who are the major players in various countries and what share of the market do they hold?
• What are the geographical trends and high growth regions/ countries?

Recent partnerships, acquisitions, and expansions have taken place in the global dairy processing equipment market

• What companies have recently merged/acquired and how will these unions affect the competitive landscape of the dairy processing equipment market?
• What companies have created partnerships and how will these partnerships promote a competitive advantage?
• Who are the major players in the global dairy processing equipment market and what share of the market do they hold?
• What are the local emerging players in the global dairy processing equipment market and how do they compete with the global players?