According to the latest report by IMARC Group, titled, “Dairy Processing Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global dairy processing equipment market size reached a US$ 9.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 14.57 Billion by 2027, exhibiting a growth rate (CAGR) of 7.04% during 2022-2027.
Dairy Processing Equipment Definition and Application:
Dairy processing equipment are deployed for performing several operations in the dairy industry, such as pasturing, storing, filtering, and homogenizing raw milk. Some of the most commonly used dairy processing equipment consists of blenders, separators, dryers, evaporators, mixers, and pasteurizers.These devices are also utilized for cream separation, chilling raw milk, and manufacturing of processed beverages.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Dairy Processing Equipment Market Trends and Drivers:
The rising inclination of consumers toward value-added dairy products is primarily driving the global dairy processing equipment market growth. Significant advancements, such as the emergence of Industry 4.0, which has led to the integration of cloud computing and machine learning, are also driving the market. and the internet of things (IoT) with dairy processing equipment to create smarter solutions. This, along with extensive research and development (R&D) activities undertaken by manufacturers and key industry, players and steadily increasing consumption and production of dairy products, is creating a positive outlook for the market further.
Dairy Processing Equipment Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
Alfa Laval AB, Feldmeier Equipment Inc., GEA Group Aktiengesellschaft, Genemco Inc., IDMC Limited, IMA – Industria Macchine Automatiche S.p.A. (SO.FI.M.A.), John Bean Technologies Corporation (FMC Technologies), KRONES Aktiengesellschaft, SPX Corporation and Tetra Laval International SA.
The report has segmented the market on the basis on region, equipment, type and application.
Breakup by Equipment:
Breakup by Type: