A recent report published by Infinium Global Research on dairy processing equipment market provides an in-depth analysis of segments and sub-segments in the global as well as regional dairy processing equipment market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional dairy processing equipment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global dairy processing equipment market. According to the report, the global dairy processing equipment market is projected to grow at a CAGR of 5.9% over the forecast period of 2018-2024.
Dairy processing equipment is design to procedure milk in order to make various products such as yogurt, cream, butter, cheeses, and others. Milk is nutritious food with a short life span and needs to be careful handling. With the help of processing equipment, milk can be preserved for many days and reduces foodborne diseases. This equipment is used in dairy industries worldwide as the demand from consumers has increased for packed and nutritional dairy products.
Change in consumers taste and preference for healthy products drives the growth for the global dairy processing equipment market. Consumers are preferring healthy products with low sugar, low fat, low cholesterol and different flavors with increasing consciousness regarding the health benefits of processed food. At the time of production process carbohydrate is reduced from milk and bacteria are also removed. This adds nutrients to the products and also reduces the intake of calories. Further, advancement in technology, the upsurge in disposable income, acceptance of automation in dairy processing in order to decrease contamination and growth in consumption of processed milk products also boosts the market growth. On the other side, heavy investment in maintenance, installation, and infrastructure may hamper the growth of dairy processing equipment market. Besides, the growing demand for new flavored dairy products is expected to generate an opportunity during the forecast period.
Among the geographies, Asia-Pacific holds the largest market share in the global dairy processing equipment market followed by Europe. In Asia-Pacific region factors such as changing consumers preferences, increase in income of individuals, growing population, and growth in urbanization drives the dairy processing equipment market. In Europe region adoption of advanced technology, new strategies that are adopted by manufacturers, and strict regulation related to processing and manufacturing milk-based products that support the quality standard boost the market growth in this region.
The report on the global dairy processing equipment market covers segments such as type and application. On the basis of type, the sub-markets include evaporators & dryers, separators, homogenizers, membrane filtration equipment, pasteurizer, and other equipment. On the basis of application, the sub-markets include protein concentrates, milk powder, cream, protein concentrates, yogurt, cheese, and others.
The report provides profiles of the companies in the market such as SPX CORPORATION, GEA Group AG, Krones AG, Alfa Laval AB, Tetra Laval International S.A., Feldmeier Equipment, Inc., IDMC Limited, Scherjon Equipment Holland B.V., Agrometal Ltd., and Automated Dairy Systems.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of dairy processing equipment market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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