The most recent global market reports by The Business Research Company have been updated to incorporate the latest market sizing data for the year 2023, extending the forecast up to 2032.

 As per The Business Research Company’s Dairy Processing Equipment Global Market Report for 2023, the global dairy processing equipment market size increased from $9.96 billion in 2022 to $10.82 billion in 2023, registering a compound annual growth rate (CAGR) of 8.6%. It is anticipated that the dairy processing equipment market size will reach $13.71 billion by 2027, growing at a CAGR of 6.1%.

In 2022, Asia-Pacific held the largest market share for dairy processing equipment and emerged as the fastest-growing region.

Key Driver of the Dairy Processing Equipment Market
The projected growth of the dairy processing equipment market is driven by the escalating consumption of dairy products. Dairy products, derived from mammal milk, encompass a range of items such as cheese, butter, and yogurt, which are processed from raw milk. Due to their perishable nature, dairy products require processing to extend their shelf life by preventing the proliferation of harmful microorganisms. For instance, according to The Food and Agriculture Organization of the United Nations, the consumption of dairy products in India is projected to increase by 2.3% annually, with an expected per capita consumption of 108 kg in 2028. This increased consumption of dairy products contributes significantly to the growth of the dairy processing equipment market.

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Key Dairy Processing Equipment Market Segments
1) By Type: Pasteurizers, Homogenizers, Evaporators, Separator, Membrane Filtration Equipment, Other Types
2) By Operation: Automatic, Semi-Automatic
3) By Application: Processed Milk, Butter, Cheese, Milk Powder, Protein Ingredients, Other Applications

Dairy Processing Equipment Market Prominent Players
Notable entities in the dairy processing equipment market include Tetra Pak, GEA Group AG, Krones AG, SPX Flow Inc., Alfa Laval, JBT Corporation, Feldmeier Equipment INC., Scherjon Dairy Equipment Holland B.V., Jimei Food Machine Co. Ltd., Technal, Marlen International Inc., If Industries Private Limited, Paul Mueller Company, IMA Group, Shanghai Joylong Industry Co. Ltd., and Stephan Machinery Gmb.

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Prominent Dairy Processing Equipment Market Trend
Technological advancements have surfaced as a pivotal trend gaining traction in the dairy processing equipment market. Leading companies in the dairy processing equipment sector are focused on devising novel technological solutions to enhance their market standing. For instance, in September 2021, Lyras, Inc., a U.S.-based company specializing in technology for pasteurizing liquid foods, introduced a safe and sustainable cold pasteurization solution. This technology inactivates bacteria without heating the liquid, preserving its natural flavor and extending its shelf life while also reducing CO2 emissions, water usage, and costs associated with cleaning chemicals. This innovative cooling tool employs patented ultraviolet (UV) light technology, consuming 90% less energy and 60% less water than traditional heat/cool pasteurization techniques.

The Dairy Processing Equipment Global Market Report 2023 offers comprehensive insights into the market size, trends and drivers, opportunities, strategies, and competitor analysis within the dairy processing equipment sector. The report covers countries such as Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and encompasses the major seven regions of Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Dairy Food Global Market Report 2023
Dairy Ingredients Global Market Report 2023
Non-Dairy Yogurt Global Market Report 2023

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