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Market Summary

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%. Dairy processing equipment plays a major role in dairy processing activity. Dairy equipment transforms the raw milk obtained from animals into consumer products by performing various activities like clarification, homogenization, separations, pasteurization, and some other operations. With modernization, it has become more advanced and deploy the latest technology and strategies. This advanced hi-tech equipment helps the farmers produce quality milk in high proportions without much human interference. With an upsurge in awareness of the benefits associated with this industry, the demand in this sector is anticipated to increase substantially. Processing products help in enhancing the shelf life of milk products, allowing the manufacturers to expand their distribution and retail channels.

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Most of the milk suppliers in developing countries are smallholding farmers who are not aware of the high-tech machines, thus initiatives taken by various equipment manufacturers are expected to grow the demand for this industry in developing economies. For example, on November 25, 2015, Tetra Pak ?and DeLaval, sister companies in the Tetra Laval Group?, today signed a five-year agreement with the Dairy Association of China to provide training of the high-tech machineries to the Chinese dairy farm managers. The intensity of competence is continuously increasing in this processing market due to the continuous rise in demand for dairy products. Thus, to sustain in the competitive market, the manufacturers are adopting various strategies such as the launch of the new product, expansion, partnership, mergers & acquisitions and up-gradation of technology. For instance, on September 2, 2016, Krone AG upgraded its capabilities for processing and production of dairy products with its new Milkron GmbH subsidiary.

With an expansion in urbanization, the taste and preferences of the people are continuously changing. People are more health-conscious and prefer healthy products with low-fat, low-cholesterol, low-sugar and natural flavors. The availability of a wide range of dairy products is based on different preferences of different population category is projected to drive the demand for dairy products, eventually driving the demand for these kinds of equipments. Thus, an increase in demand for these products, expansion of the dairy industry, the launch of new products and an rise in the new entrants in the market are some of the major factors resulting in the growth of this industry. However, high cost and lack of awareness among small farmers coupled with associated safety issues are likely to hinder the market growth of dairy equipment during the forecast period.

Key Coverage of the Report

Region and country-wise assessment from the period 2016-2026. For the study, 2016-2017 has been utilized as historical data, 2018 as the base year, and 2019-2026, has been derived as forecasts

Regional Competitors clinical pipeline analysis

Demand and Supply GAP Analysis

Market share analysis of the key industry players

Strategic recommendations for the new entrants

Market forecasts for a minimum of 6 years of all the mentioned segments, and the regional markets

Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, and recommendations)

Strategic recommendations in key business segments based on the market estimations

Competitive landscaping mapping the key common trends

Company profiling with detailed strategies, financials, and recent developments.

Salient Trends of the Dairy Processing Equipment Market

Launch of new and enhanced techniques for dairy and related processing coupled with an increasing number of emerging key players in the dairy industry is anticipated to greatly increase the demand for dairy processing equipment.

This industry is likely to increase due an increase in demand by majority of the population that is preferring healthy and nutritious food products including dairy products.

The manufacturers are taking initiatives in educating their customers about the nutritional value of milk and its related products to increase the demand in this sector.

Additionally, the initiatives taken by the government and an increase in investments are further projected to drive the demand in this sector. For instance, on June 25, 2019, the government of China invested around USD 2 million under the Dairy Processing Investment Fund in two dairy processing units in Ontario. This investment increased the units’ production capacity and storage facility.

The manufacturers are adopting various strategies such as mergers & acquisitions, partnerships, the launch of new products and expansion to sustain in the highly competitive environment and increase their market value in the global marketplace. For example, on June 17, 2019, Redwood Hill Farm & Creamery announced its expansion owing to an increased demand for the company’s cultured dairy products.

With the increase in automation, this industry is well equipped with the latest robotics and software, dairy distribution centers which optimize the operation for enhancing various factors like maximizing food freshness, improving the quality of products, enhancing the work quality of employees and ensuring the safety of products.

Additionally, enhanced technology and increased rate of production are expected to increase the production in this industry, eventually driving the demand for this industry. For example, on January 17, 2019, Busch Vacuum Pumps and Systems launched the Dolphin LM/LT series of liquid ring vacuum pumps used for a vacuum range of from atmospheric pressure to 100 Torr ultimate pressure and can be used in dairy processors.

The high price of the machineries, inadequate resources, poor quality of production and lack of awareness among the poor farmers and milk products manufacturers is expected to hinder the sectoral growth of this industry during the forecast period.

Companies considered and profiled in this market study

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).

Market-O-Nomics

As of 2018, Cheese application segment is the dominating Dairy Processing Equipment which holds 35.1% of the global share. Asia Pacific region is the chief revenue generating source for this product segment, followed by Europe and North American regions.

Europe is expected to hold a market share valued at USD 3113.4 million, owing to high technological advancements and introduction of new techniques for dairy processing coupled with increase in demand for cheese and cream.

Pasteurizer equipment dominates the equipment type segment. Pasteurizers are used to kill the prevailing pathogens, reduce the spoilage and increase the shelf life of the products; these factors are expected to drive the market growth for Pasteurizers segment.

Separator equipment is the second largest segment expected to reach a value of USD 2.73 billion by the end of forecast. The high demand for separators is due to an increase in demand for skimmed milk and cream.

Processed milk held a value of USD 2 billion during 2018 and is expected to reach a value of USD 3.19 billion by 2026. The demand for this is rapidly increasing due to the increasing health concerns and growing population.

Milk powder is expected to grow with a CAGR of 4.6%. It is more portable, convenient and durable as compared to milk, which is expected to drive the demand for milk powder in the coming decades.

The Protein Concentrates segment is expected to register a CAGR of 4.8% during 2019-2026.

Asia-Pacific region is expected to remain highest growing segment during 2019-2026, at a CAGR of 5.9%; owing it to the untapped market potential offered by pruritus patients in developing nations such as China & India.

Segments covered in the report

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the Dairy Processing Equipment market on the basis of equipment type, application type, distribution channel type and region:

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

