Market Overview
The demand for dairy processing equipment is increasing on account of the rising production as well as consumption of milk and its byproducts such as yogurt, cheese, milk powder, and others along with increased demand for automation in dairy product manufacturing. As per the Economics Times, milk production in India has increased from 146.3 million tonnes in 2014-15 to 198.4 million tonnes in 2019-20.
Global Dairy Processing Equipment Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
According to UnivDatos Market Insights, Global Dairy Processing Equipment Market was valued at US$ 10 Billion in 2020 and is anticipated to reach US$ 14.4 Billion by 2027 displaying an elevated CAGR of 5.5% over the forecast period (2021-2027).
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By Type, the market is primarily bifurcated into
- Pasteurizers
- Homogenizers
- Mixers & Blenders
- Separators
- Evaporators & Dryers
- Membrane Filtration Equipment
The Pasteurizers sub-segment dominated the Global Dairy Processing Equipment Market in 2020 and is expected to grow at a noteworthy CAGR by the year 2027.
By Operation, the market is primarily segmented into
- Automatic
- Semi-Automatic
Amongst Operation, the Automatic segment accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the forecast period 2021-2027.
By Application, the market is primarily segmented into
- Processed milk
- Fresh dairy products
- Butter & buttermilk
- Cheese
- Milk powder
- Protein ingredients
Amongst Applications, the Processed Milk segment accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the forecast period 2021-2027.
Dairy Processing Equipment Market Geographical Segmentation Includes:
· North America (United States, Canada, Rest of North America)
· Europe (Germany, United Kingdom, France, Spain, and Rest of Europe)
· Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific)
· Rest of the World
Asia-Pacific is dominating the Dairy Processing Equipment Market in 2020 and is anticipated to maintain its dominance during the forecast period.
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Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Dairy Processing Equipment Market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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