PUBLISHER: The Business Research Company | PRODUCT CODE: 1391146
PUBLISHER: The Business Research Company | PRODUCT CODE: 1391146
“Dairy Processing Equipment Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on dairy processing equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for dairy processing equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The dairy processing equipment market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The dairy processing sector encompasses companies engaged in the production, packaging, treatment, cutting, or manufacturing of dairy products, including their on-site packing and storage. Dairy processing equipment plays a crucial role in the processing of dairy products, ensuring their freshness and longevity through processes such as storing, filtering, pasteurizing, standardizing, heating, chilling, and homogenizing.
Dairy processing equipment is essential for preserving milk and milk products, extending their shelf life, and preventing the growth of diseases and germs. The primary types of dairy processing equipment include pasteurizers, homogenizers, evaporators, separators, membrane filtration equipment, and others. Pasteurizers, for example, are utilized to heat milk to 71.7 °C for at least 15 seconds, preparing it for storage or further processing. These equipment come in various operation types, including automatic and semi-automatic, and find applications in processed milk, butter, cheese, milk powder, and protein ingredients.
The dairy processing equipment market research report is one of a series of new reports from The Business Research Company that provides dairy processing equipment market statistics, including dairy processing equipment industry global market size, regional shares, competitors with a dairy processing equipment market share, detailed dairy processing equipment market segments, market trends and opportunities, and any further data you may need to thrive in the dairy processing equipment industry. This dairy processing equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The dairy processing equipment market size has grown strongly in recent years. It will grow from $10.63 in 2023 to $11.38 in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth observed in the historical period can be attributed to several factors, including an increased demand for dairy products and by-products, a heightened focus on efficiency and automation in dairy processing, growth in dairy farming and milk production, the implementation of stringent quality and safety regulations in the dairy industry, the adoption of hygienic and aseptic processing practices, as well as the expansion of dairy processing facilities and plants.
The dairy processing equipment market size is expected to see strong growth in the next few years. It will grow to $15.02 in 2028 at a compound annual growth rate (CAGR) of 7.2%. The anticipated growth in the forecast period can be attributed to several factors, including the demand for value-added dairy products and functional ingredients, consumer preferences for healthier and nutritional dairy products, the adoption of sustainable and eco-friendly processing practices, increasing consumer awareness regarding the quality and origin of dairy products, and investments in the research and development of dairy processing technologies. Prominent trends in the forecast period include the utilization of high-pressure processing (HPP) technology, the integration of automation and robotics in dairy processing, the implementation of clean-in-place (CIP) systems, advancements in homogenization and pasteurization techniques, and the incorporation of smart sensors and IoT integration for enhanced efficiency and monitoring.
The anticipated rise in the consumption of dairy products is set to drive the growth of the dairy processing equipment market in the future. Dairy products, derived from mammalian milk, encompass a range of items like cheese, butter, and yogurt, processed from raw milk. Due to their perishable nature, dairy products undergo processing to inhibit the proliferation of harmful microorganisms and extend their shelf life. Notably, as per The Food and Agriculture Organization of the United Nations, the consumption of dairy products in India is projected to increase by 2.3% annually, reaching 108kg per capita in 2028. This highlights how the escalating consumption of dairy products is a key catalyst for the growth of the dairy processing equipment market.
The increasingly hectic lifestyles of individuals are expected to contribute to the expansion of the dairy processing equipment market in the coming years. A busy lifestyle, characterized by high levels of activity, work, or engagements, has led to a surge in the demand for healthy dairy products, including low-fat milk, yogurt, and cheese. This heightened demand necessitates efficient and large-scale production, driving the need for dairy processing equipment. For instance, according to the American Time Use Survey by the Bureau of Labor Statistics in 2022, 34% of employed individuals did some or all of their work at home on workdays. On an average day, 85% of women and 70% of men spent time on household activities such as housework, cooking, lawn care, or household management. Hence, the prevalence of busy lifestyles is a key factor fueling the growth of the dairy processing equipment market.
Technological advancements have emerged as a pivotal trend gaining prominence in the dairy processing equipment market. Major companies in this sector are actively engaged in developing innovative technological solutions to enhance their market positions. For instance, in September 2021, Lyras, Inc., a US-based company providing technology for pasteurizing liquid foods, introduced a safe and sustainable cold pasteurization solution. This solution utilizes patented ultraviolet (UV) light technology to inactivate bacteria without heating the liquid, preserving its natural flavor and extending shelf life. The innovative cooling tool significantly reduces CO2 emissions, water usage, and the cost of cleaning chemicals, showcasing a commitment to sustainable and efficient processing in the dairy industry.
Leading companies in the dairy processing equipment market are strategically concentrating on expanding their operations and introducing new dairy processing facilities to broaden their service capabilities and gain a competitive edge. The expansion of facilities and the establishment of new processing plants are critical initiatives for the dairy processing industry to stay competitive and meet the demands of consumers with increasingly busy lifestyles. As an illustration, in October 2023, Walmart, a prominent US-based retail corporation, announced plans to establish a new food processing facility in Valdosta. This Valdosta dairy facility is set to supply high-quality milk to Georgia and neighboring states, catering to over 750 Walmart stores and Sam's Clubs in the region.
In February 2022, ProMach, a US-based packaging company, executed the acquisition of TechniBlend for an undisclosed amount. This strategic move significantly expanded ProMach's portfolio of processing technologies, strengthening its capability to offer comprehensive turnkey production lines. TechniBlend, a US-based supplier company, specializes in providing advanced liquid processing machinery and services across various market segments, including food, dairy, chemicals, and household and personal care products. Their engineering solutions encompass deaerators, batching and blending systems, flash pasteurization systems, can filling and seaming systems, and clean-in-place systems.
Major companies operating in the dairy processing equipment market include Tetra Pak International S.A., GEA Group AG, Krones AG, SPX Flow Inc., Alfa Laval AB, JBT Corporation, Feldmeier Equipment Inc., Scherjon Dairy Equipment Holland B.V., Jimei Food Machinery Co. Ltd., Tecnal S.A., Marlen International Inc., ISF Industries Private Limited, Paul Mueller Company, IMA S.p.A., Shanghai Joylong Industry Co. Ltd., Stephan Machinery Gmb, Admix Inc., Agrometal Ltd., A&B Process Systems Corp., ABL Technology Ltd., Ager Tank & Equipment Co., Alpma Alpenland Maschinenbau GmbH, SPX Flow Inc., Bematek Systems Inc., Bepex International LLC., C. van 't Riet Dairy Technology BV, CEM Corporation., Central States Industrial Equipment and Service Inc., DCI Inc., Ecolab Inc., Fristam Pumps USA, Goma Engineering Pvt. Ltd., HRS Process Systems Ltd., IDMC Limited, Koss Industrial Inc., Lee Industries Inc.
Asia-Pacific was the largest region in the dairy processing equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the dairy processing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the dairy processing equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The dairy processing equipment market consists of sales of blenders and fillers, non aseptic filling machines, ageing vats. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.