Dairy Processing Equipment Market Size, Share and Forecast 2021-2027
The global dairy processing equipment market is anticipated to grow at a CAGR of around 5.3% during the forecast period (2021-2027). The factor augmenting the growth of the market include escalating demands for processed dairy products, increasing consumption of milk due to high nutrition values, and rising developments in a variety of dairy products along with nutrition and cost value. According to the Indian Council of Food and Agriculture, in 2018, India accounted for 13% of the World’s total milk production, 279.4 million tonnes of dairy products production, and 115.4 million tonnes of dairy products consumption. Additionally, according to the Food and Agriculture Organization of the United Nations, world milk production is projected to increase by 177.0 million tonnes by 2025, at an average growth rate of 1.8% per annum in the next 10 years. Over the same period, per capita consumption of dairy products is projected to increase by 0.8% and 1.7% per year in developing countries, and between 0.5% and 1.1% in developed economies. This will increase the automation in dairy products production, which in turn, further accelerates the market growth.
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Moreover, key market players are also contributing to the growth of the
market by adopting strategies such as partnership collaborations, and mergers
and acquisitions. For instance, in October 2019, Saputo Inc. completed the
acquisition of the specialty cheese business of Lion Dairy & Drinks Pty Ltd
for $280 million. This acquisition enabled Saputo’s Dairy Division (Australia)
to further diversify its product offering, adding to and complementing its
current activities. However, the recurring cost of energy and power in the
dairy processing industry is still a matter of concern, market players are also
investing high in R&D activities to lower the cost of the raw material.
Further advancement in high-pressure processing techniques can be expected to
offer lucrative opportunities in the global dairy processing equipment market.
·
The
market number available for – 2020-2027
·
Base
year- 2020
·
Forecast
period- 2021-2027
Segment
Covered-
·
By Type
·
By
Application
Regions
Covered-
·
North
America
·
Europe
·
Asia-Pacific
·
Rest of
the World
·
Competitive
Landscape- Alfa Laval India Private Ltd., Feldmeier Equipment, Inc., GEA Group,
IDMC Ltd., INOXPA SA, John Bean Technologies (JBT) Corp., Saputo Inc., SSP Pvt
Ltd., Tetra Laval International S.A., Van den Heuvel Dairy & Food Equipment,
among Others.
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Key questions
addressed by the report
·
What is
the market growth rate?
·
Which
segment and region dominate the market in the base year?
·
Which
segment and region will project the fastest growth in the market?
·
How
COVID-19 impacted the market?
·
Deviation
from the pre-COVID-19 forecast
·
Most
affected region and segment
·
Who is
the leader in the market?
·
How
players are addressing challenges to sustain growth?
·
Where
is the investment opportunity?
Global Dairy
Processing Equipment Market Report Segment
By Type
·
Homogenizers
·
Separators
·
Membrane
Filtration
·
Pasteurizer
·
Evaporators
& Dryers Equipment
·
Other
Equipment
By
Application
·
Processed
Milk
·
Cheese
& Cream
·
Protein
Concentrates
·
Milk
Powder
·
Others
Global Dairy
Processing Equipment Market Report by Region
North America
·
United States
·
Canada
Europe
·
UK
·
Germany
·
Spain
·
France
·
Italy
·
Rest of Europe
Asia-Pacific
·
India
·
China
·
Japan
·
South Korea
·
Rest of APAC
Rest of The World
·
Latin
America
·
Middle
East & Africa
Company
Profiles
·
Alfa
Laval India Private Ltd.
·
Anderson
Instrument Company Inc.
·
Automated
Dairy Systems
·
Heritage
Equipment Co.
·
Dairy Farmers
of America, Inc.
·
Feldmeier
Equipment, Inc
·
GEA
Group
·
IDMC
Ltd.
·
I.M.A.
IndustriaMacchineAutomatiche S.P.A
·
Indian
Dairy Equipment Co.
·
INOXPA
SA
·
Jaybee
Precision, Inc.
·
John
Bean Technologies (JBT) Corp.
·
Saputo
Inc.
·
Scherjon
Equipment Holland B.V.
·
Sealtech
Engineers
·
SSP Pvt
Ltd.
·
Tetra
Laval International S.A.
·
Krones
AG
·
Van den
Heuvel Dairy & Food Equipment
·
C. van
't Riet Dairy Technology B.V.
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