According to the current analysis of Reports and Data, the global Dairy Processing Equipment Market was valued at USD 8.46 Billion in 2018 and is expected to reach USD 13.02 Billion by the year 2026, at a CAGR of 5.5%. The global Dairy Processing Equipment sector transforms raw milk from the farm into finished consumer products for the retail industry. Additionally, with advancements in animal nutrition and selective breeding, the amount of milk obtained from an individual cow has increased to a great extent, further increasing the demand for such products.
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Rising number of animal husbandry activities globally is one of the major factors contributing to increase in demand for dairy processing equipment. As animal nutrition and selective breeding techniques have advanced, the amount of milk obtained from a single cow has also increased significantly, further increasing demand for such products. According to a report published by the United Nations Food and Agriculture Organization, approximately 150 million households worldwide are involved in milk production.
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Key Players:
Key participants include GEA Group (Germany), SPX Flow (US), The Krones Group (Germany), Tetra Laval (Switzerland), Alfa Laval(Sweden), JBT Corporation(US), IMA Group(Italy), IDMC Limited (India), Feldmeier (US), Coperion (Germany).
Further key findings from the report suggest:
- The global industry is growing at a CAGR of 9% in Asia Pacific followed by Europe and North America, with 5.5% and 5.3% CAGR, respectively. High demand for these foods and their easy availability is the key factor to accelerate the market growth during forecast period across all regions.
- As of 2018, Cheese application segment is the dominating segment in the Dairy Processing Equipment which holds 35.1% of the global sector. Asia Pacific region is the chief revenue generating source for this product segment, followed by Europe and North American regions.
- In this processing industry, the machinery is the main part of any plant which performs various operations like storing milk, pasteurization, homogenizing and others.
- Processing of these products increases the shelf life and enhances the taste resulting in high demand for processed foods like cheese, butter, cream, yogurt, flavored milk and much more.
- Owing to high nutritional value, the adoption of dairy items in the diet of the people across the globe has increased greatly. This is expected to drive the sectoral growth of this industry.
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Market Segmentation:
Equipment Type (Revenue, USD Million; 2016–2026)
- Homogenizers
- Pasteurizers
- Separators
- Evaporators Dryers
- Membrane Filtration Equipment
- Others
Application Type (Revenue, USD Million; 2016–2026)
- Cheese
- Processed Milk
- Cream
- Protein Concentrates
- Milk Powder Others
Distribution Channel Type (Revenue, USD Million; 2016–2026)
- Hypermarkets
- Food Specialty Stores
- Retail Stores
- Others
Regional Outlook (Revenue in USD Million; 2016–2026)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East Africa
- Latin America
- Brazil
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Key questions answered:
- Which of these regions – North America, Europe, Asia Pacific, Latin America, and Middle East Africa, dominates market share?
- What is the outcome of the COVID-19 Impact Analysis performed in the report?
- What are the revenue estimations for every region in the Dairy Processing Equipment market?
- What is the current market valuation of each region and the estimated market size by the end of the forecast period?
- What is the projected growth rate of the global Dairy Processing Equipment market?
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