In 2021, global dairy processing equipment market recorded the revenue of around US$10 Bn. With dairy industry’s booming expansion, and evolving consumer expectations from dairy offerings, demand for dairy processing equipment will continue to be afloat in future.
Increasing Consumer Interest in Dairy-based Products to Drive Dairy Processing Equipment Market
Equipment frequently used in dairy processing predominantly include homogenisers that are prevalent throughout the food industry and are commonly used whenever and wherever a stable emulsion or dispersion is required. Non-dairy applications of these homogenisers include the production of salad dressings, sauces, soups, fruit juices, and candy products. The other widely used dairy equipment include pasteurisers, separators, evaporators and dryers, membrane filtration equipment, churning machines, crystallisers, and cheese vats. The pace of dairy industry’s growth and soaring adoption of the equipment for traditional dairy production worldwide indicate a promising growth outlook of dairy processing equipment market.
Rising Consciousness Regarding Nutritional Profile of Dairy Products Uplifts Dairy Processing Equipment Market
In recent years, however, the demand for dairy processing equipment has risen substantially due to globalisation and the growing demand for dairy products, increased and more sophisticated dairy production, heightened health and weight consciousness among consumers, leading to an increased demand for processed dairy products like skim milk and low fat yoghurts, rising demand for functional foods, infant nutritional products, nutraceuticals and sports nutrition products – which are often fortified with milk powders, and whey protein concentrates. Today, more than ever before, consumers are demanding something different, something more interesting and rewarding from their dairy purchases. Small-scale producers, and processors are carving out niches for their artisanal yoghurts, cheeses, and butter. With increased demand for dairy products' nutritional and health benefits, dairy processing equipment market is expanding.
Organic, low-fat, and nutrient-fortified dairy products are the focus of dairy processing businesses, which calls for highly sophisticated dairy processing equipment. Tetra Pak Global's dairy index predicts that from 2014 to 2024, consumption of goods including milk, cheese, and butter would increase by 36%, reaching more than 710 MT of liquid milk equivalent. India, China, and the South American nations are the major emerging economies where dairy product demand is increasing. Population expansion, increasing urbanisation, rising disposable income, and the advent and upgrading of cold chain facilities such as transport, refrigeration, and storage all contribute to this demand.
Dairy Processing Equipment Market Rises High as Processed Dairy Sees Thriving Popularity, and Dairy Trade Grows Strong
Dairy consumption is predicted to continue to expand strongly in China. Chinese dairy consumption was expected to rise from 43 million tonnes of liquid milk in 2015 to 61 million tonnes by 2024, a 42 percent increase, according to the International Farm Comparison Network (IFCN). Rising demand for dairy products will keep the dairy processing equipment market afloat as well. More dairy products traded internationally will fuel the progress of dairy processing equipment market. Processed dairy products are becoming more popular worldwide due to consumers' growing health consciousness regarding the advantages of dairy products.
Rising Income to Drive Growth for Dairy Processing Equipment
Processed milk is anticipated to be the largest segment by application over the forecast period. Fresh dairy products make up most of the consumed dairy products. In research released by the International Dairy Federation, it was said that the demand for fresh new products in general, and especially in India, and Pakistan, was predicted to develop more strongly up until 2026 in the light of rising income and population levels in these nations. To kill any germs that could cause spoiling, processed milk is heated to a minimum temperature of 161°F for at least 15 seconds or 145°F for at least 30 minutes. The identical is packaged in a sterile environment. Another type of processed milk is ultra-pasteurised milk. For two seconds, the milk is heated to a minimum of 280°F with this pasteurisation. Following packaging under nearly sterile conditions, the milk is protected from contamination by spoiling microorganisms. Both these milk varieties demand refrigeration. These categories play a noticeable role in shaping dairy processing equipment market.
Favourable Government Policies Account for a Strong Dairy Processing Equipment Market in Asia Pacific
Asia Pacific is the largest user of dairy processing equipment and is expected to grow at the fastest rate throughout the forecast period. Favourable government policies are in place in Japan, and Korea to assist the expansion and advancement of the dairy sectors. In the Asia Pacific region, flavoured milk has also received widespread favour. The world's largest producer of milk in India. As a result, demand for pasteurisers, and homogenizers has been growing steadily in the Indian market for dairy processing equipment. The Food and Agriculture Organization (FAO) reports that only a minimal number of ions worldwide are self-sufficient in milk production. Australia, and New Zealand produce more milk than they need in the Asia Pacific region, whereas China, and Japan produce less milk than they need. As a result, there is a lot of room for these nations to import dairy and dairy-based goods.
Dairy products are promoted as rich, and reasonably priced source of protein across the region, which has improved its accessibility, availability, and geographic reach. The region's traditional dairy-based drinks continue to be the most popular, making plate heat exchangers more useful. However, the rise in popularity of rich and dense dairy products has also raised the demand for tubular heat exchangers. The development of highly effective drying and dehydration technologies is also being fuelled by the significant demand for dairy-based powders for use in foods for special dietary requirements, particularly in the markets of China, Thailand, and Singapore. Dairy processing equipment needs a lot of upkeep and services, which could become necessary during installation or after the sale. Manufacturers of dairy processing equipment might offer aftersales services, yearly maintenance contracts, and installation services. Through improved services, aftersales services strengthen the bond between dairy equipment manufacturers and dairy processors. Factory acceptance testing (FAT), and prompt servicing however are the top services dairy processors seek from dairy processing equipment manufacturers to increase their operational efficiencies.
Global Dairy Processing Equipment Market: Competitive Landscape
Think Top V 50 and V 70, a new and improved Think Top valve sensor, was introduced by Alfa Laval in June 2019. The dairy, food and beverage, brewery, and pharmaceutical industries employ it as a hygiene e. On the other hand, to construct a new facility producing infant formula, Shijiazhuang Junlebao Dairy (China) awarded a contract to GEA Group (Germany) in February 2019. The corporation would be able to increase its presence in China's infant formula market thanks to this growth.
A few of the players in dairy processing equipment market include IDMC Limited (India), Feldmeier Equipment, Inc. (the US), Tetrthe a Laval International S.A. (Switzerland), Alfa Laval Corporate AB (Sweden), GEA Group (Germany), IMA Industria Macchine Automatiche SPA (Italy), SPX FLOW, Inc (US), John Bean Technologies Corporation (US), Coperion GmbH (Germany), Scherjon Dairy Equipment Holland B.V. (Netherlands), and Van Den Heuvel Dairy & Food Equipment B.V. (Netherlands).
Global Dairy Processing Equipment Market is Segmented as Below:
Key Elements Included In The Study: Global Dairy Processing Equipment Market
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