October 21, 2019
According to the latest study titled ‘Global Dairy Processing Equipment Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024’ available with Market Study Report LLC, the global dairy processing equipment market is estimated to accumulate US $11600 million by the year 2024.
Dairy processing equipment finds application in preservation of milk for the longer period which consequently reduces the chances of food-borne diseases. It is widely used to process milk and production of various dairy products such as cream, butter, protein concentrates, cheese, milk powder, yogurt, and others.
According to the study, the dairy processing equipment market was worth US $9980 million in 2019 and is presumed to register a growth rate of 2.6% over the predicted time period. The study analyzes global dairy processing equipment market for sales patterns, price trends, and revenue share for each segment and manufacturer. It also provides a detailed synopsis of opportunities, driving force, and risk impacting market growth, alongside sales channels, traders, dealers, and distributors information.
Based on type, the dairy processing equipment market is segmented as homogenizers, pasteurizers, separators, and filters. While based on application spectrum, the market is divided into powdery dairy industry, liquid dairy industry, and other dairy products industry.
Considering the geographical landscape, the global dairy processing equipment industry is fragmented into five main regions which are South America, Asia Pacific, North America, Middle East & Africa, and Europe.
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Moreover, China dairy processing equipment market accounted for 29.62% production share in 2015, owing to low manufacturing cost in the country. As per the report, 59.7% of this total production was exported from China to other countries, such as West Europe and USA. China production valuation of dairy processing equipment market increased to US $1824.39 million in 2015 from US $1684.61 million in 2011.
The key contenders of dairy processing equipment market outlined in the report comprise of GEA, Tetra Pak, SPX FLOW, Krones, Alfa Laval, IMA Group, IWAI, IDMC, A&B Process Systems, Triowin, JBT, Groba B.V., JIMEI Group, Feldmeier, Scherjon, JIMEI Group, SDMF, TECNAL, Admix, Marlen International, and Paul Mueller.
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