USD 8.87 billion
Report ID:
SQSG20I2027 |
Region:
Global |
Published Date: July, 2001
Pages:
264
|Tables:
125
|Figures:
76
Dairy Processing Equipment Market size was valued at USD 8.87 billion in 2019 and is poised to grow from USD 9.4 billion in 2023 to USD 15 billion by 2031, growing at a CAGR of 6% in the forecast period (2024-2031).
Dairy processing equipment include a large variety of devices used for the manufacture and processing of dairy products such processed milk, butter and buttermilk, cheese, milk powder, processed cheese, and others. A regular mid-sized dairy farm, dairy processing machinery handles a variety of tasks. Among these processes the storage, filtering, pasteurizing, and homogenizing of raw milk is done on a regular basis.
Additionally, a variety of dairy-related activities may be carried out using dairy processing equipment, from chilling raw milk, cream separation, and packing to making processed drinks, cultured goods, concentrates, and powders. Dairy processors are a crucial link between the dairy farm and the customer. Farm milk is processed into high-quality, secure, convenient, and useable consumer goods by dairy processors.
Farmers may use modern machinery, which includes superior hi-tech machinery, to produce high-quality milk with less human effort. Milk-based products are now one of the most significant food industries in the world thanks to dairy processing machinery. The dairy processing sector transforms farm-produced raw milk into prepared consumer food products for the retail market, including butter, yogurt, and brewing milk beverages. Due to a number of factors, such as increasing milk production, consumption, and manufacturing automation in the dairy industry, the market growth has a huge potential in the forthcoming years.
US Dairy Processing Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 8.87 billion
Largest Segment
Fastest Growth
pasteurizers
Growth Rate
6% CAGR
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Global dairy processing equipment market is segmented based on the type, mode of operation, application, distribution channel, and region. Based on type, the market is segmented into pasteurizers, homogenizers, mixers & blenders, separators, evaporators & dryers, membrane filtration equipment, thermal treatment system, and others. Based on mode of operation, the market is bifurcated into automatic and semi automatic. According to application, dairy processing equipment market is segmented into cheese, processed milk, yogurt, protein ingredients, milk powder and others.
On the basis of distribution channel, the dairy processing equipment market is segmented into hypermarkets, food specialty stores, convenient stores, and others. Based on region, dairy processing equipment market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Dairy Processing Equipment Market Analysis by Type
The pasteurizers segment held the largest market share in the global diary processing equipment market in 2022. Pasteurizer makes the food safer and also maintains the delectable flavour since it eliminates the germs without changing the flavour of the liquid. In order to eliminate hazardous germs and render latent disease-causing spores inactive, pasteurisation involves heat-treatment procedures and exposure to extremely low temperatures at the same time. The usage of pasteurizers which is a significant piece of equipment related to food safety has increased as a result of the global food and beverage industry's expansion.
Evaporators and dryers segment is expected to grow at a high CAGR during the forecast period. The need for evaporator and dryer equipment from dairy processors is rising in almost every region, with Europe, Asia-Pacific, and Latin America seeing the greatest development.
Dairy Processing Equipment Market Analysis by Mode of Operation
The automatic equipment segment held the larger market share in 2022 and is expected to maintain its dominance and grow at the fastest rate during the forecast period.
Farmers are able to remotely monitor the health and productivity of their herd by using a computer or mobile device to retrieve the exact data that the robot collects. According to reports, robotic milking improves the lifestyle and working circumstances of dairy farmers, as well as having positive effects on the economy and the health and welfare of cows.
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Asia Pacific dominated the global dairy processing equipment market in 2022 and is expected to grow at a high CAGR during the forecast period. Favorable government policies are in place in Japan and Korea to assist the expansion and advancement of the dairy sectors. In Asia Pacific, flavoured milk has also been receiving widespread attention. The world's largest producer of milk is India. As a result, demand for pasteurizers and homogenizers has been growing steadily in the Indian market for dairy processing equipment. Throughout the projected period, it is anticipated that dairy consumption in China would continue to expand rapidly. Chinese dairy consumption will increase by almost 25%, from 55 million tonnes of liquid milk in 2021 to 71 million tonnes by 2030.
Due to the concentration of the majority of the leading players in this market in Europe is predicted to hold a sizeable portion of the global market for dairy processing equipment. In addition, the government's strict rules governing the processing of dairy products and the equipment used for those processes, together with quality requirements, will encourage the adoption of effective dairy equipment, thereby promoting market expansion. Furthermore, it is anticipated that the region's milk production will be encouraged by the Common Agriculture Policy's expropriation of milk quotas, which will increase demand for dairy processing equipment.
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Dairy Processing Equipment Market Driver
Demand for Processed Milk Products to Grow and Create Market Opportunities
Dairy Processing Equipment Market Restraint
Significant costs and processing time to impede the market growth
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Due to the numerous regional and international businesses that are present and provide a variety of dairy processing equipment goods while vying to preserve their dominant market share, the global dairy processing equipment market is highly competitive and fragmented. Key players include Alfa Laval, JBT, IDMC Limited, SPX Flow Inc and Tetra Laval Group. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market.
Dairy Processing Equipment Market Top Player's Company Profiles
Dairy Processing Equipment Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Dairy Processing Equipment Market analysis, the demand for dairy products, such as milk, cheese, and butter, is increasing as a result of growing consumer knowledge of the health advantages associated with dairy products, including improvements to digestive health, bone and dental health, weight control, muscle growth, and hydration. Dairy products processing equipment are used to increase shelf life, fill and package milk before shipping, and lower the carbohydrate and fat content of dairy products which further impacts the market expansion positively as consumers have become more health conscious and demand healthy products.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 8.87 billion |
Market size value in 2031 | USD 15 billion |
Growth Rate | 6% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Dairy Processing Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Dairy Processing Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Dairy Processing Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Dairy Processing Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Dairy Processing Equipment Market size was valued at USD 8.87 billion in 2019 and is poised to grow from USD 9.4 billion in 2023 to USD 15 billion by 2031, growing at a CAGR of 6% in the forecast period (2024-2031).
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Report ID: SQSG20I2027
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