As per the report by Global Market Insights, Inc. “Worldwide Dairy Processing Equipment market was valued USD 10.5 billion in 2020 and will surpass a revenue collection of USD 15.7 billion by 2027 with an annual growth rate of 5.5% over 2021 to 2027.”
The dairy processing equipment market is slated to amass notable gains by 2027 on account of increasing penetration of industrial automation in the dairy sector.
Several benefits of automation in the manufacturing of dairy products, including increased production capacity, consistent quality, better food safety, and improved production control, have boosted the adoption of dairy processing equipment across the globe. Notable technological advancements enabling customizable solutions for different factory needs have further augmented market growth in recent years.
Moreover, to accommodate the mounting demand for processed dairy products, industry participants have been implementing profitable strategies, thereby supporting the expansion of the global dairy processing market. For instance, in March 2021, Tetra Laval, leading food processing and packaging solutions provider, launched its robotic setup dubbed the DeLaval VMS, which has been designed to facilitate the automatic and efficient milking setup for large farms.
In another instance, in April 2021, Alfa Laval AB, a prominent manufacturer of fluid handling equipment, launched its new and improved range of DV-ST UltraPure diaphragm valves, which can be fully customized. The DV-ST UltraPure series has been improved to fulfill virtually any aseptic process needs in the pharmaceutical and food industries.
The dairy processing equipment market has been segmented on the basis of application, product, and region. In terms of product, the market has further been bifurcated into evaporators & dryers, membrane filtration equipment, separator, homogenizers, pasteurizers, mixing & blending equipment, and others.
The mixing & blending equipment sub-segment recorded a valuation of nearly USD 225.0 million in 2020 and is projected to register around 6.0% CAGR through the review period. Growing consumer demand for standardized milk in factors of fat content would bolster demand for blending & mixing equipment in the dairy processing industry, which is estimated to drive segmental expansion in the forthcoming years.
The dairy processing equipment market has been divided into yogurt, processed milk, protein concentrates, milk powder, cheese, cream, and others. The yogurt sub-segment was valued at over USD 1.60 billion in 2020 and is speculated to exhibit a solid growth trajectory over 2021-2027. Rising prevalence of digestive disorders has escalated the demand for probiotic food products, which is set to boost segmental uptake over the forthcoming years.
The Middle East & Africa dairy processing equipment market is anticipated to surpass USD 575.0 million in revenue by the end of 2027. Escalating demand for functional and fortified dairy products on account of the soaring health consciousness among consumers is expected to augment regional market development through the study period.
The dairy processing equipment market consists of Alfa Laval Corp., GEA Group, Tetra Laval International, A&B Processing Systems, Agrometal Ltd.
Source: https://www.gminsights.com/industry-analysis/dairy-processing-equipment-market
