Dairy Processing Equipment Market (2019-2024)
The Dairy Processing Equipment Market is expected to grow at a CAGR of 5.8% from 2019 to reach $11.05 billion by 2024.
- Published
- Mar 2019
- Pages
- 153
- Format
- PDF + Excel
- Report ID
- MRFB - 104257
- Base year
- 2018
- 2024 · FORECAST
- $11.05B
- 2024
- $11.05B
- CAGR 2019–2024
- 5.8%
2018 baseline · 2019–2024 forecast at 5.8% CAGR · hover a bar for the value
Report summary
| Particulars | Details |
|---|---|
| Base Year | 2018 |
| Estimated Year | 2019 |
| Forecast Period | 2019–2024 |
| Market Size (2024) | USD 11.05 billion |
| CAGR (2019–2024) | 5.8% |
| Format | PDF, Excel & Cloud Portal · 153 pages |
| Segments Covered | By Type: Pasteurizers, Homogenizers, Separators, Evaporators and Drying equipment, Membrane Filtration Equipment, Others · By Application: Processed Milk, Milk Powder, Cheese, Protein Concentrates, Yogurt, Others |
| Countries Covered | North America (Canada), Europe (Germany, France, Italy, U.K., Spain, RoE), Asia-Pacific (China, Japan, India, Australia, RoAPAC) |
Report overview
Segments covered: type, application. Regions: North America, Europe, Asia-Pacific.
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.
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).
Report infographic
Table of contents
10 chapters · 93 sections · 153 pages · click to expandGeographic analysis
Asia-Pacific
Fastest growthAsia-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. Asia Pacific: Fastest Growing Regional Market
Cite this report
Meticulous Research. (2019). Dairy Processing Equipment Market - Global Opportunity Analysis and Industry Forecast (2019-2024) (Report No. MRFB - 104257). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/dairy-processing-equipment-market-4958