The global dairy processing equipment market size stood at USD 9.70 billion in 2019 and is projected to reach USD 13.67 billion by 2027, exhibiting a CAGR of 5.4% during the forecast period. The escalating need for processed dairy products such as cheese, butter, milk, and cream will spur opportunities for the market during the forecast period. The growing demand for healthier dairy products is boosting the growth of the. Consumer’s changing preference for healthy dairy products with low fat, low cholesterol, low sugar along with the availability of a variety of flavors is anticipated to drive the market. Furthermore, the increase in the development of varied products to meet consumer health needs, tastes, and specifications in the meanwhile balancing it with the nutritive value and cost will aid the growth. Moreover, the adoption of automation in dairy processing for increased efficiency along with the reduction in adulteration and cost, to meet the required quality standards is expected to favor industry development. The automation adoption includes specialized processes such as, ultrafiltration facilitating the recovery of milk solids and utilization of automated control systems for processing products to achieve low fat, low sugar, and cholesterol-free products is predicted to enhance the growth of the market.
The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other Dairy Processing Equipment Market trends. The report is available for sale on the company website.
The Report lists the Main the Companies in the Dairy Processing Equipment Market:
- GEA Group Aktiengesellschaft (Germany)
- JBT Corporation (United States)
- SPX Flow Inc. (United States)
- Alfa Laval (Sweden)
- Krones AG (Germany)
- Paul Mueller Company (United States)
- Tetra Pak International SA (Switzerland)
- IMA Group (Italy)
- Feldmeier Equipment INC. (United States)
- Scherjon Dairy Equipment Holland B.V. (The Netherlands)
- Caloris Engineering LLC (United States)
Key Industry Development:
- June 2019:- JBT Corporation, a food processing machinery company based in the US announced the acquisition of Prime Equipment Group, a developer and manufacturer of food processing automation for USD 65 million.
- April 2019:- Caloris Engineering LLC announced the acquisition of Seitz Stainless, which is an equipment fabricator. This was a strategic decision made by the company to add in-house manufacturing of its products.
- October 2018:- Krones AG acquired Sprinkman US-based processing equipment manufacture. Sprinkman specializes in the dairy and brewing industry, thus resulting in enhancement of Krones AG product portfolio in North America.
Regional Analysis for Dairy Processing Equipment Market:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Contents for Dairy Processing Equipment Market:
- Executive Summary
- Market Dynamics
- Key Dairy Processing Equipment Market Insights
- Global Market Analysis, Insights and Forecast, 2015-2027
- North America Market Analysis, Insights and Forecast, 2015-2027
- Europe Market Analysis, Insights and Forecast, 2015-2027
- Asia Pacific Market Analysis, Insights and Forecast, 2015-2027
- The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2027
- Latin America Market Analysis, Insights and Forecast, 2015-2027
- Competitive Landscape
- Global Dairy Processing Equipment Market Revenue Share Analysis, By Key Players, 2020
- Company Profiles
Key Questions Answered:
- What is the market size and growth rate of the global and regional markets by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the major companies operating in the market?
- Which companies are accounted for the highest market share?
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