According to the current analysis of Reports and Data, the global Dairy Processing Equipment Market was valued at USD 8.46 Billion in 2018 and is expected to reach USD 13.02 Billion by the year 2026, at a CAGR of 5.5%. The global Dairy Processing Equipment sector transforms raw milk from the farm into finished consumer products for the retail industry. Additionally, with advancements in animal nutrition and selective breeding, the amount of milk obtained from an individual cow has increased to a great extent, further increasing the demand for such products.
Most of the milk suppliers in developing countries are smallholding farmers who are not aware of the high-tech machines, thus initiatives taken by various equipment manufacturers are expected to grow the demand for this industry in developing economies. For example, on November 25, 2015, Tetra Pak and DeLaval, sister companies in the Tetra Laval Group?, today signed a five-year agreement with the Dairy Association of China to provide training of the high-tech machineries to the Chinese dairy farm managers. The intensity of competence is continuously increasing in this processing market due to the continuous rise in demand for dairy products.
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Key Players:
Key participants include GEA Group (Germany), SPX Flow (US), The Krones Group (Germany), Tetra Laval (Switzerland), Alfa Laval(Sweden), JBT Corporation(US), IMA Group(Italy), IDMC Limited (India), Feldmeier (US), Coperion (Germany).
Further key findings from the report suggest:
- The global industry is growing at a CAGR of 9% in Asia Pacific followed by Europe and North America, with 5.5% and 5.3% CAGR, respectively. High demand for these foods and their easy availability is the key factor to accelerate the market growth during forecast period across all regions.
- As of 2018, Cheese application segment is the dominating segment in the Dairy Processing Equipment which holds 35.1% of the global sector. Asia Pacific region is the chief revenue generating source for this product segment, followed by Europe and North American regions.
- In this processing industry, the machinery is the main part of any plant which performs various operations like storing milk, pasteurization, homogenizing and others.
- Processing of these products increases the shelf life and enhances the taste resulting in high demand for processed foods like cheese, butter, cream, yogurt, flavored milk and much more.
- Owing to high nutritional value, the adoption of dairy items in the diet of the people across the globe has increased greatly. This is expected to drive the sectoral growth of this industry.
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Market Segmentation:
Equipment Type (Revenue, USD Million; 2016–2026)
- Homogenizers
- Pasteurizers
- Separators
- Evaporators Dryers
- Membrane Filtration Equipment
- Others
Application Type (Revenue, USD Million; 2016–2026)
- Cheese
- Processed Milk
- Cream
- Protein Concentrates
- Milk Powder Others
Distribution Channel Type (Revenue, USD Million; 2016–2026)
- Hypermarkets
- Food Specialty Stores
- Retail Stores
- Others
Regional Outlook (Revenue in USD Million; 2016–2026)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East Africa
- Latin America
- Brazil
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Key questions answered:
- Which of these regions – North America, Europe, Asia Pacific, Latin America, and Middle East Africa, dominates market share?
- What is the outcome of the COVID-19 Impact Analysis performed in the report?
- What are the revenue estimations for every region in the Dairy Processing Equipment market?
- What is the current market valuation of each region and the estimated market size by the end of the forecast period?
- What is the projected growth rate of the global Dairy Processing Equipment market?
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