"We Envision Growth Strategies Most Suited
to Your Business"
The global dairy processing equipment market size is predicted to reach USD 13.67 billion by 2027. The rapid surge in dairy processing industry owing to the increased technical innovation in production capabilities will foster growth of the market during the forecast period. Moreover, the evolution in consumer lifestyle will have a tremendous impact on the market, mentioned in a report, titled “Dairy Processing Equipment Market Size, Share & COVID-19 Impact Analysis, By Type (Pasteurizers, Homogenizers, Separators, Evaporators & Drying Equipment, Membrane Filtration Equipment & Others), By Application (Processed Milk, Cream, Milk Powders, Cheese, Protein Ingredient & Others) and Regional Forecast, 2020-2027” the market size stood at USD 9.70 billion in 2019 and is predicted to exhibit a CAGR of 5.4% between 2020 to 2027.
Agreement between Caloris Engineering and Seitz Stainless to Bolster Growth
Caloris Engineering, LLC, a manufacturer and provider of technology systems announced that it has signed an agreement to acquire of Seitz Stainless, a leader of industrial machinery and automation. The acquisition will support Caloris’ production capabilities for designing, engineering, and system consultation. The combination of the company’s solution in dairy, and food industry will subsequently promote the growth of the market. The new technological advancement in dryers and purification equipment will process high-value products for industries, which in turn, will augur well for the market. Furthermore, the rising efforts of major companies to set up dairy units in underdeveloped nations will consequently create opportunities for the market in the forthcoming years. For instance, Paul Mueller Company, a manufacturer of stainless steel for agriculture, food and other industries along with the World Bicycle Relief, a non-profit organization together announced to enhance milk delivery and production in Africa. Similarly, the increasing government initiatives to subsidize the production and expansion of dairy industry will support the development of the market. for instance, The Ministry of Foreign Affairs issued grants to purchase Mueller steel milk tanks, cooling equipment, generators and heat recovery systems to set up milk collection centers in villages throughout Uganda.
To get a detailed report summary and research scope of this market, click here:
Rising Consumer Needs to Amplify Sales Opportunities
The rising demand for dairy products will spur sales opportunities for the market in the foreseeable future. The evolving consumer preference pertaining to diary products will influence healthy growth of the market. The rising consumer consciousness and awareness regarding low fat, low cholesterol, low sugar dairy will enable speedy expansion of the market. The increasing variety of flavored milk will consequently improve the market prospects. The changing needs, taste and specification of consumers will bode well for the market. The rising knowledge about the nutritional value in dairy products will create lucrative business opportunities. Likewise, the rising awareness about the benefits of dairy products, such as high protein, calcium and others will considerable fuel demand of the market in the forthcoming years. The escalating demand for skimmed milk powder among infants in various nations around the world will encourage healthy growth of the market. In addition, the growing proclivity towards cheese due to its extraordinary benefits and taste will stimulate growth of the market.
Technological Innovations by Pre-eminent Players to Induce Market Development
The market is dominated by the presence of GEA Group Aktiengesellschaft, SPX Flow Inc., Alfa Laval and Krones AG. The focus of companies towards the integration of new technologies in their product portfolios along with expansion of production units in the developing regions will improve their position in the market. Furthermore, the emergence of new players in the market will consolidate business openings. The key players in the market are implementing strategies to reduce production cost and manufacture quality products to cater to the nee of the consumers. In addition, the adoption of strategies by leading players such as, mergers and partnerships, acquisitions and deals to increase production and remain at the forefront among others competitors in the industry.
The Report lists the Main Companies in the Market:
Further Report Findings:
The Market is Segmented into:
Value (USD billion)