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%. Dairy products are the products made from milk like cheese, butter, yogurt, and others. The global Dairy Processing Equipment sector transforms raw milk from the farm into finished consumer products for the retail industry.
This report on the Dairy Processing Equipment market delivers a cumulative synopsis of the speculations of this business, overall, along with an evaluation of its segmentations. It predicts the Dairy Processing Equipment market to advance as one of the most profitable verticals, generating massive revenue by the end of the forecast years, exhibiting a sizable growth rate over the calculated period.
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Key Players profiled in the research:
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.
- 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.
- Asia Pacific is expected to account for the 24.3% of this industry. Developing nations such as China and India are likely to witness high growth.
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Equipment Type (Revenue, USD Million; 2016–2026)
- Evaporators & Dryers
- Membrane Filtration Equipment
Application Type (Revenue, USD Million; 2016–2026)
- Processed Milk
- Protein Concentrates
- Milk Powder & Others
Distribution Channel Type (Revenue, USD Million; 2016–2026)
- Food Specialty Stores
- Retail Stores
Regional Outlook (Revenue in USD Million; 2016–2026)
- North America
- Rest of the Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Identifying the basic business drivers, challenges, and tactics adopted:
- The report provides intrinsic details and fluctuating aspects that influence the commercial dynamics of the Dairy Processing Equipment market along with integral factors of the rise in the demand for the product have been mapped across vital geographical regions.
- An overview of the multifarious applications, business areas and the latest trends observed in the industry has been laid out by this study.
- Various challenges overlooking the business and the numerous strategies employed by the industry players for successful marketing of the product have also been illustrated.
- The research inspects the sales channels (indirect, direct, marketing) that companies have chosen for the primary product distributors and the superior clientele of the market.
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