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The dairy processing equipment market size is forecast to increase by USD 3.03 billion at a CAGR of 5.17% between 2023 and 2028.
The dairy processing equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Processed milk is produced through heat treatment of raw milk, utilizing pasteurization and UHT processing. Pasteurization eliminates bacteria, while UHT processing eradicates milk spores, ensuring extended shelf life. Equipment such as pasteurizers, homogenizers, and heat exchangers are integral to milk processing. Market leaders are innovating advanced technologies, including HTST heating, which heats milk above 161°F for over 15 seconds, enhancing nutritional benefits and boosting demand. Additionally, the dairy industry focuses on cold chain facilities, automation, and digital-based livestock management for improved efficiency and reduced energy wastage. The market expands to cater to various sectors, including food service, fast-food outlets, and baby food production, driven by changing lifestyles and the rise in geriatric and infant populations.
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The processed milk segment was valued at USD 2.11 billion in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The Asia Pacific (APAC) region is a significant market for dairy processing equipment due to the high volume of milk production and processing in countries like Australia, India, and China. The prevalence of bone diseases, particularly among females, is a major driver for the demand for dairy products in this region. According to The World Bank Group, females accounted for nearly half of the population in China, Japan, India, and Australia in 2022. As a result, the increasing likelihood of bone-related diseases among this demographic is fueling the growth of the market in APAC. This trend is expected to continue during the forecast period, driven by the rising consumption of dairy products such as cheese, butter, and milk powder, as well as the increasing popularity of fortified dairy products and infant formulas.
Our dairy processing equipment market researchers analyzed the data with 2023 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.
Growing market for fortified dairy products is the key driver of the market.
Increasing adoption of HPP technology is the upcoming market trend.
Increasing consumer preference for dairy-free alternatives is a key challenge affecting the industry growth.
The dairy processing equipment market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the dairy processing equipment market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, dairy processing equipment market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The dairy processing industry continues to evolve, driven by various market dynamics that shape the demand for advanced equipment and technologies. One significant trend is the automation process in dairy farming and processing, which enhances efficiency and reduces operational expenses. This automation extends to digital-based livestock management and robotic milking, ensuring high food quality and eco-friendly practices. The increasing awareness of health and wellness has led to an increase in demand for fortified dairy products, such as those enriched with essential minerals like calcium and vitamins like riboflavin and vitamin B12. This has resulted in new product development, with a focus on creating quality milk-based products that cater to changing lifestyles.
Furthermore, the market is witnessing significant growth due to the need for efficient and sustainable processing methods. Membrane filtration equipment, including nanofiltration and reverse osmosis systems, is gaining popularity for their ability to remove impurities and enhance product quality. These systems also minimize energy wastage and contribute to the overall sustainability of the industry. Moreover, the food service sectors and fast-food outlets are major consumers of dairy products, driving the demand for specialized equipment like homogenizers and pasteurizers. These pieces of equipment ensure the consistent quality and texture of dairy products, making them suitable for commercial applications. The demand for eco-friendly packaging solutions is another key trend shaping the dairy processing industry.
Moreover, reusable packaging and sustainable materials are becoming increasingly popular, as consumers become more conscious of their environmental impact. This trend is expected to continue, with companies investing in portfolio expansion to cater to this growing demand. The dairy processing industry also faces challenges related to the efficiency of equipment and the need for minimal energy wastage. Evaporators and dryers, for instance, are essential for producing milk powder and other dairy products. However, they consume significant amounts of energy, making energy efficiency a critical consideration for manufacturers. Innovations in membrane technology, such as microfiltration and ultrafiltration, are helping to address these challenges by improving the efficiency of equipment and reducing energy consumption.
In addition, these technologies also enable the production of high-quality dairy products with minimal processing time, making them a popular choice for manufacturers. The dairy processing industry is also witnessing a shift towards sustainable and ethical practices. This includes the use of eco-friendly packaging, as well as the adoption of ethical farming practices. Companies are investing in sustainable milk farms and implementing ethical labor practices to meet the growing demand for ethically produced dairy products. Therefore, the dairy processing industry is undergoing significant changes, driven by trends such as automation, health and wellness, sustainability, and efficiency. These trends are shaping the demand for advanced equipment and technologies, with a focus on eco-friendly practices and minimal energy wastage. Companies that can adapt to these trends and invest in sustainable and efficient processing methods are well-positioned to succeed in this dynamic market.
Dairy Processing Equipment Market Scope |
|
Report Coverage |
Details |
Page number |
183 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.17% |
Market growth 2024-2028 |
USD 3.03 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.82 |
Key countries |
US, China, Germany, India, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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 Opportunity/Restraints
11 Competitive Landscape
12 Competitive 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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