According to the research report titled ‘Global Dairy Processing Equipment Market Size study, by Type (Pasteurizers, Homogenizers, mixers & blenders, Separators, Evaporators & dryers and Membrane filtration equipment), by Application (Processed milk, Fresh dairy products, Butter & buttermilk, Cheese, Milk powder and Protein ingredients), by Operation (Automatic and Semi-automatic) and Regional Forecasts 2020-2027‘, available with Market Study Report, global dairy processing equipment market was remunerated at USD 8.7 billion in 2019 and is expected to grow with a CAGR of 5.4% through 2027.
 

Shifting individual preference towards processed milk, rising demand for dairy products, and extensive application of multi-functional dairy equipment are the key factors benefitting the global dairy processing equipment industry.
 

It is to be noted that dairy processing equipment is used to make several dairy products such as butter, cream, cheese, yoghurt, and others. Benefits such as longer food preservation span and reduction in risk of food-borne diseases are propelling the global dairy processing equipment market growth. Moreover, rising importance of healthy food products, containing low fat, low sugar, and low cholesterol, in consort with availability of new flavors will boost the product demand.
 

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As per Dairy Global report, in 2018-19, India experienced 3 times rise in the export of ghee, butter, and butter oil to reach 46,137 metric tons, as compared to 16,616 metric tons exported during 2017-18. Furthermore, launch of new products and adoption of expansion strategies by major companies is likely to bolster the market growth. However, rising cost of energy is a major factor expected to hamper the expansion of global dairy processing equipment market during the forecast period.
 

Speaking of operation type, worldwide dairy processing equipment market is segmented into semi-automatic and automatic. With regards to application scope, the industry is bifurcated into butter & buttermilk, processed milk, milk powder, fresh dairy products, cheese, and protein ingredients. Based on type, the industry is segmented into pasteurizers, evaporators & dryers, membrane filtration equipment, mixers & blenders, homogenizers, and separators.
 

From regional perspective, global dairy processing equipment industry is segmented into Europe, Asia Pacific, North America, Latin America, and rest of the world. Asia Pacific market is experiencing huge gains presently, mainly due to rising prevalence of disease such as obesity, malnutrition, and joint issues in the region.
 

Established names in global dairy processing equipment market sphere include SPX Flow Inc., Tetra Laval Group, GEA Group AG, Scherjon Dairy Equipment Holland B.V., IMA Group, The Krones Group, Alfa Laval AB, JBT Corporation, Feldmeier Equipment Inc., and IDMC Limited.