PUBLISHER: SkyQuest | PRODUCT CODE: 1244304
PUBLISHER: SkyQuest | PRODUCT CODE: 1244304
Global Dairy Processing Equipment Market was valued at USD 9.6 billion in 2021 and it is expected to reach a value of USD 14.53 billion by 2028, at a CAGR of more than 9.6% over the forecast period (2022-2028).
The industry that is involved in the design, production, and distribution of machinery used in the processing of milk and other dairy products is referred to as the dairy processing equipment market. This machinery is utilised throughout the production of dairy products, including the pasteurisation, homogenization, separation, filling, and packaging processes. Dairy products are in high demand because of their nutritional content and several health advantages. As a result, the market for dairy processing equipment is expanding. Automation, IoT, and AI are three examples of equipment-related technological breakthroughs that have significantly contributed to the market's expansion.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Dairy Processing Equipment market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report
Global Dairy Processing Equipment Market is segmented based on the type, mode of operation, application, distribution channel, and region. Based on type, dairy processing equipment market is segmented into pasteurizers, homogenizers, mixers & blenders, separators, evaporators & dryers, membrane filtration equipment, thermal treatment system, and others. Based on mode of operation, the market is bifurcated into automatic and semi automatic. According to application, it is segmented into cheese, processed milk, yogurt, protein ingredients, milk powder and others. On the basis of distribution channel, the market is segmented into hypermarkets, food specialty stores, convenient stores, and others. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Driver
The market for dairy processing equipment is expanding as a result of rising consumer demand for dairy products due to its nutritional content and health benefits. The efficiency and efficacy of dairy processing equipment are being improved by the use of cutting-edge technologies like automation, IoT, and AI, which is increasing demand for these items. The market for dairy processing equipment is expanding as a result of government and regulatory support for dairy processing and the development of the dairy sector.
Restraint
The challenge for small and medium-sized enterprises to enter the market is a major factor limiting market growth due to the high cost of dairy processing equipment. The dairy processing industry's profitability is impacted by milk price fluctuations, which results in less money being invested in new machinery. Strong Competition: Due to the fierce competition in the market, it is difficult for new entrants to get their name there, which limits the market's potential for growth.
Market Trends
The dairy processing business is increasingly placing a focus on sustainable practises, with a rising emphasis on reducing energy use and waste generation. Dairy processing has become increasingly automated as smart sensors and robotics are adopted for increased success and productivity. The development of the dairy processing equipment market is being fueled by the introduction of trying to cut goods such aseptic packaging and novel dairy-based products.