Global dairy processing equipment market is anticipated to grow at a CAGR of around 5.3% during the forecast period (2021-2027). The factor augmenting the growth of the market include escalating demands for processed dairy products, increasing consumption of milk due to high nutrition values, and rising developments in a variety of dairy products along with nutrition and cost value. According to the Indian Council of Food and Agriculture, in 2018, India accounted for 13% of the World’s total milk production, 279.4 million tonnes of dairy products production, and 115.4 million tonnes of dairy products consumption. Additionally, according to the Food and Agriculture Organization of the United Nations, world milk production is projected to increase by 177.0 million tonnes by 2025, at an average growth rate of 1.8% per annum in the next 10 years. Over the same period, per capita consumption of dairy products is projected to increase by 0.8% and 1.7% per year in developing countries, and between 0.5% and 1.1% in developed economies. This will increase the automation in dairy products production, which in turn, further accelerates the market growth.
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Moreover, key market players are also contributing to the growth of the market by adopting strategies such as partnership collaborations, and mergers and acquisitions. For instance, in October 2019, Saputo Inc. completed the acquisition of the specialty cheese business of Lion Dairy & Drinks Pty Ltd for $280 million. This acquisition enabled Saputo’s Dairy Division (Australia) to further diversify its product offering, adding to and complementing its current activities. However, the recurring cost of energy and power in the dairy processing industry is still a matter of concern, market players are also investing high in R&D activities to lower the cost of the raw material. Further advancement in high-pressure processing techniques can be expected to offer lucrative opportunities in the global dairy processing equipment market.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Type
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Alfa Laval India Private Ltd., Feldmeier Equipment, Inc., GEA Group, IDMC Ltd., INOXPA SA, John Bean Technologies (JBT) Corp., Saputo Inc., SSP Pvt Ltd., Tetra Laval International S.A., Van den Heuvel Dairy & Food Equipment, among Others.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Dairy Processing Equipment Market Report Segment
By Type
- Homogenizers
- Separators
- Membrane Filtration
- Pasteurizer
- Evaporators & Dryers Equipment
- Other Equipment
By Application
- Processed Milk
- Cheese & Cream
- Protein Concentrates
- Milk Powder
- Others
Global Dairy Processing Equipment Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of The World
- Latin America
- Middle East & Africa
Company Profiles
- Alfa Laval India Private Ltd.
- Anderson Instrument Company Inc.
- Automated Dairy Systems
- Heritage Equipment Co.
- Dairy Farmers of America, Inc.
- Feldmeier Equipment, Inc
- GEA Group
- IDMC Ltd.
- I.M.A. IndustriaMacchineAutomatiche S.P.A
- Indian Dairy Equipment Co.
- INOXPA SA
- Jaybee Precision, Inc.
- John Bean Technologies (JBT) Corp.
- Saputo Inc.
- Scherjon Equipment Holland B.V.
- Sealtech Engineers
- SSP Pvt Ltd.
- Tetra Laval International S.A.
- Krones AG
- Van den Heuvel Dairy & Food Equipment
- C. van ‘t Riet Dairy Technology B.V.
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