According to the
current analysis of Reports and Data, the global Dairy
Processing Equipment Market was valued at USD 8.46
Billion in 2018 and is expected to reach USD 13.02 Billion by the year 2026, at
a CAGR of 5.5%. Dairy products are the products made from milk like
cheese, butter, yogurt, and others. The global Dairy Processing Equipment
sector transforms raw milk from the farm into finished consumer products for
the retail industry.
This
report on the Dairy Processing Equipment market delivers a cumulative synopsis
of the speculations of this business, overall, along with an evaluation of its
segmentations. It predicts the Dairy Processing Equipment market to advance as
one of the most profitable verticals, generating massive revenue by the end of
the forecast years, exhibiting a sizable growth rate over the calculated
period.
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Key participants
include GEA Group (Germany), SPX Flow (US), The Krones Group (Germany), Tetra
Laval (Switzerland), Alfa Laval(Sweden), JBT Corporation(US), IMA Group(Italy),
IDMC Limited (India), Feldmeier (US), Coperion (Germany).
Further key findings
from the report suggest
- The global industry is growing at a
CAGR of 9% in Asia Pacific followed by Europe and North America, with 5.5%
and 5.3% CAGR, respectively. High demand for these foods and their easy
availability is the key factor to accelerate the market growth during
forecast period across all regions.
- In this processing industry, the
machinery is the main part of any plant which performs various operations
like storing milk, pasteurization, homogenizing and others.
- Processing of these products
increases the shelf life and enhances the taste resulting in high demand
for processed foods like cheese, butter, cream, yogurt, flavored milk and
much more.
- Owing to high nutritional value,
the adoption of dairy items in the diet of the people across the globe has
increased greatly. This is expected to drive the sectoral growth of this
industry.
- Asia Pacific is expected to account
for the 24.3% of this industry. Developing nations such as China and India
are likely to witness high growth.
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For the purpose of this
report, Reports and Data has segmented the Dairy Processing Equipment market on
the basis of equipment type, application type, distribution channel type and
region:
Equipment Type
(Revenue, USD Million; 2016–2026)
- Homogenizers
- Pasteurizers
- Separators
- Evaporators & Dryers
- Membrane Filtration Equipment
- Others
Application Type
(Revenue, USD Million; 2016–2026)
- Cheese
- Processed Milk
- Cream
- Protein Concentrates
- Milk Powder & Others
Distribution Channel
Type (Revenue, USD Million; 2016–2026)
- Hypermarkets
- Food Specialty Stores
- Retail Stores
- Others
Regional Outlook
(Revenue in USD Million; 2016–2026)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
- Brazil
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full report here @
https://www.reportsanddata.com/report-detail/dairy-processing-equipment-market
Identifying the basic business
drivers, challenges, and tactics adopted:
·
The report
provides intrinsic details and fluctuating aspects that influence the
commercial dynamics of the Dairy Processing Equipment market along with
integral factors of the rise in the demand for the product have been mapped
across vital geographical regions.
·
An overview of
the multifarious applications, business areas and the latest trends observed in
the industry has been laid out by this study.
·
Various
challenges overlooking the business and the numerous strategies employed by the
industry players for successful marketing of the product have also been
illustrated.
·
The research
inspects the sales channels (indirect, direct, marketing) that companies have
chosen for the primary product distributors and the superior clientele of the
market.
Thank
you for reading this article. You can also get chapter-wise sections or
region-wise report coverage for North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
Visit our blog for more industry updates:
Top 8 Trends That Will Shape the Food Industry In
2021 And Beyond
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