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The dairy processing equipment market is estimated to grow at a CAGR of 5.77% between 2022 and 2027. The size of the market is forecast to increase by USD 3,268.57 million. The growth of the market depends on several factors, including the growing market for fortified dairy products, growing preference for cost-saving and energy-efficient equipment, and compliance of dairy processing companies with standards and regulations.
This report extensively covers market segmentation by application (processed milk, milk powder, cream, cheese, and others), type (pasteurizers, homogenizers, separators, evaporators and dryers, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Technavio categorizes the global dairy processing equipment market as a part of the global industrial machinery market. The parent global industrial machinery market covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The growing market for fortified dairy products is notably driving the market growth, although factors such as the high production costs for dairy products may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Dairy Processing Equipment Market Driver
The growing market for fortified dairy products is notably driving the market growth. Fortified dairy products are products that have added essential nutrients such as fatty acids, amino acids, phytonutrients, enzymes, vitamins, and minerals. The fortification method has been witnessing tremendous growth over the years due to an increase in health concerns and a growing preference for food products rich in nutrients and vitamins among consumers. Dairy products such as yogurt, cheese, and cream are mainly used for fortification.
Dairy products are rich in nutrients and are usually fortified with vitamin A and vitamin D. This help increase the bone health and bone metabolism of consumers. Furthermore, various dairy manufacturing companies have started providing fortified milk due to the increased demand from consumers for dairy products with added nutritional and dietary benefits. Hence, with an increase in the consumption of fortified milk, the demand for the equipment used for processing fortified milk will also increase. Therefore, such factors will boost the global market during the forecast period.
Significant Dairy Processing Equipment Market Trend
The rise in the popularity of ultrafiltration is an emerging trend in the market. Ultrafiltration is the process used for the removal of oils, colloids, emulsions, suspended solids, and other materials from water and other solutions. It is used in the dairy industry to purify milk and produce new dairy products that are high in proteins and have comparatively less amount of carbohydrates than milk.
During the process, milk passes across a membrane; lactose, water, and some soluble minerals will pass through the membrane and will be spread throughout the membrane. Casein and whey proteins will not pass through the membrane because of their large molecular sizes and will be retained. This retained stream will be used as ultrafiltered milk. Furthermore, ultrafiltered milk can be dried to create MPC powder. Some of the key manufacturers of dairy processing equipment provide ultrafiltration equipment. The increasing availability and popularity of such ultrafiltration equipment in dairy processing plants are expected to boost the growth of the global market during the forecast period.
Major Dairy Processing Equipment Market Challenge
The high production costs for dairy products are major challenges impeding market growth. The dairy industry uses large amounts of perishable milk to process it into various dairy products. The processing of milk consumes a large amount of fuel and electricity per year. It also uses energy in various forms, such as compressed air, hot water, steam, and chilled water, which will lead to high production costs.
Electricity is used during dairy processing for various purposes, such as running pumps, motors, process motors, fans, and other systems. Fuel is consumed in dairy processing for heat and steam generation in the boiler systems, which in turn, increases the cost burden on the dairy processing plants. One of the other reasons for the increase in production costs is the expensive dairy processing equipment, which costs around $40,000 to $2 million. Additionally, there are various other costs involved in moving milk products such as receiving cost, labor cost, storage cost, cleaning cost, transportation cost, and processing costs for separation, evaporating, cleaning, and others. Hence, these factors are expected to restrain the growth of the global market to a certain extent during the forecast period.
Key Dairy Processing Equipment Market Customer Landscape
The report includes the market's adoption lifecycle, covering the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Dairy Processing Equipment Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
SSP Pvt. Ltd. - The company operates under one segment. The company under this segment operates as a manufacturer of machinery, plants, and complete processing lines for various industrial sectors. The key offerings of the company include dairy processing equipment.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the processed milk segment will be significant during the forecast period. Processed milk is obtained through the heat treatment of raw milk. It is obtained using UHT processing and pasteurization that help kill the spores present in raw milk.
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The processed milk segment was valued at USD 2,041.68 million in 2017 and continued to grow until 2021. Processed milk has a long shelf life if it is packed and stored properly. Equipment such as pasteurizers, homogenizers, and heat exchangers are used to obtain processed milk. Moreover, key vendors in the market are trying to develop advanced technologies to process milk to increase its benefits, which thereby will increase its demand. One of the new technologies is HTST heating technology, where the milk is heated to over 161F for more than 15 seconds. This will kill the pathogenic bacteria present in milk. Hence, end-users in the market, such as dairy processing companies, are focusing on investing in advanced dairy processing equipment, which, in turn, will drive the growth of the segment in the global market during the forecast period.
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APAC is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
APAC is one of the major markets for dairy processing equipment, as milk production and processing are significantly high in this region. One of the significant factors contributing to the market growth is the high prevalence of osteoporosis and other bone diseases in females in this region. Therefore, this is increasing the demand for dairy foods, which in turn, is expected to fuel the growth of the market in APAC. Furthermore, dairy foods such as yogurt, ghee, butter, cream, and cheese are widely consumed by the urban population in APAC countries. Thus, the high percentage of this population will contribute to the demand for a wide variety of dairy foods, which will consequently drive the growth of the regional market during the forecast period.
Additionally, other factors including the changing preferences and lifestyles of consumers and growing awareness about the health and nutritional benefits of dairy products are driving the demand. An increase in demand for milk products among older people and children in this region is also expected to drive the demand for dairy products in the region. Moreover, as the demand for dairy products increases, more dairy processing companies will try to establish their production plants and increase their product portfolios in the region to fulfill the demand and increase sales in the coming years, which, in turn, is expected to propel the growth of the market in APAC during the forecast period.
The market in APAC witnessed a slow growth in 2020 due to the outbreak of COVID-19. However, the region entered into a recovery phase in 2021, owing to the advent of vaccination drives and ease of lockdown restrictions. Additionally, factors such as rapid growth in the organized retail sector coupled with the growing demand for a wide variety of dairy products, the increasing adoption of technologically advanced dairy processing equipment, growth in urbanization, and the rise in the number of dairy processing plants in countries across the region are some major factors that are expected to recover and stabilize the growth of the market in APAC during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Application (Processed milk, Milk powder, Cream, Cheese, and Others), Type (Pasteurizers, Homogenizers, Separators, Evaporators and dryers, and Others), and Geography (APAC, Europe, North America, South America, and Middle East and Africa).
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Dairy Processing Equipment Market Scope |
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Report Coverage |
Details |
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Page number |
181 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.77% |
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Market growth 2023-2027 |
USD 3,268.57 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
4.67 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 40% |
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Key countries |
US, China, India, Germany, and France |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ABL Technology Ltd., Admix Inc., Agrometal Ltd., Alfa Laval Corporate AB, Feldmeier Equipment Inc., GEA Group AG, Goma Engineering Pvt. Ltd., Hillenbrand Inc., IDMC Ltd., IMA Industria Macchine Automatiche Spa, John Bean Technologies Corp., KRONES AG, Nordic Dairy Technology ApS, Paul Mueller Co. Inc., ProXES GmbH, Sanchelima International Inc., Scherjon Equipment Holland BV, SPX FLOW Inc., SSP Pvt. Ltd., and Tetra Laval S.A. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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