PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421752
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421752
The global dairy processing equipments market size is expected to reach USD 15.78 billion by 2032, according to a new study by Polaris Market Research. The report "Dairy Processing Equipment's Market Share, Size, Trends, Industry Analysis Report, By Type (Evaporators, Homogenizers, Membrane Filtration Equipment, Separators, Pasteurizers, Others); By Application; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market is set for expansion, propelled by the growing appetite for processed dairy products and their sustainability. This upsurge in demand is linked to evolving dietary trends and shifts in the consumption of cheese, cream, yogurt, and a range of dairy items. The evolving consumer preference for a well-rounded combination of nutrition, flavor, and product diversity is anticipated to be a significant driver of industry growth. Furthermore, as raw material costs decrease, the dairy processing industry expands, and the demand for improved production capabilities rises, it is likely to provide additional impetus to market growth during the forecast period.
The increased consumption and production of dairy products is primarily propelling the global market. Dairy processing equipment plays a crucial role in this trend by enhancing the shelf-life of dairy items, facilitating the filling and packaging of milk for transportation, and reducing carbohydrate and fat content. Additionally, changing consumer preferences are driving a shift towards value-added milk-based products, contributing to market growth.
Manufacturers are also heavily investing in research and development efforts to enhance equipment efficiency. They are introducing innovative designs, such as smart hydraulic systems that efficiently combine very low baseline pressure with high crossflow for effective microfiltration. Furthermore, they are harnessing thermosensation technology, which utilizes low heat and ultrasound waves to deactivate microorganisms.
The emergence of Industry 4.0 has further influenced the dairy processing equipment industry. This has led to the integration of machine learning, the Internet of Things, and cloud computing with the equipment, resulting in smarter, more advanced solutions.
Additionally, a study published in the National Library of Medicine in June 2021 highlighted the significant impact of coronary artery disease (CAD) on global health. CAD alone is responsible for approximately 610,000 deaths annually, accounting for an estimated one in four deaths and making it the foremost cause of mortality in the United States. With the incidence of CAD rising, there is a growing demand for effective Dairy Processing Equipments devices to address this pressing medical need. Consequently, this factor is projected to drive the demand for Dairy Processing Equipmentss throughout the forecast period.
In 2022, the Pasteurizers segment claimed the most significant share of revenue. The pasteurization process, which involves heating milk, is a pivotal step in eradicating harmful bacteria and prolonging the shelf life of milk. As consumer preferences increasingly favor packaged milk and dairy products with extended shelf lives, there is a projected surge in demand for pasteurization equipment. Pasteurizers also play a critical role in the manufacturing of cheese, yogurt, and ice cream. Consequently, substantial growth is anticipated for the Pasteurizers segment during the forecast period.
During the forecast period, the Processed Milk segment held the largest market share. This growth is chiefly driven by the rising demand for processed milk, particularly in developing countries. Processed milk has garnered favor in urban as well as rural regions because of its convenience and extended shelf life compared to raw milk. The use of dairy processing equipment in the production of processed milk has additionally played a significant role in the market's expansion.
Asia Pacific dominated the largest market in 2022, The dairy processing equipment market stands as one of the largest in the Asia Pacific region, and it holds significant growth potential in the years to come. The increasing populations in countries like China and India are fueling the demand for dairy products, and this trend is anticipated to continue.
The global key market players include: Alfa Laval AB, Feldmeier Equipment, Inc., GEA Group AG, IDMC Limited, John Bean Technologies Corporation, Krones AG, Scherjon Dairy Equipment Holland B.V., SPX Corporation, Stephan Machinery GmbH, Tetra Laval International S.A.
Polaris Market Research has segmented the Dairy Processing Equipments market report based on type, application, and region: