This market research report includes a detailed segmentation of the global dairy processing equipment market by application (processed milk, cream, milk powder, cheese, and others). It outlines the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are Alfa Laval, GEA, Krones, SPX Corporation, and Tetra Laval.
Technavio’s market research analysts estimate the global dairy processing equipment market, which is expected to grow at a CAGR of 4% between 2016 and 2020. Dairy processing equipment is used to process dairy products such as cheese, butter, milk, whey, milk powder, and protein concentrates. The need for dairy processors is growing to comply with changing consumer preferences and standards of product quality. Increase in health consciousness and development of new varieties of dairy products are propelling the demand for milk processing equipment. EMEA dominates the global dairy processing equipment market, accounting for a CAGR of 37% of the total market share. Europe accounts for the highest share in the global dairy food market, where European dairy food manufacturers are striving to export its products to APAC and Africa and increase its foothold in the global market.
The new market research report from Technavio provides a breakdown and analysis of the dairy processing equipment segments by technology.
“The rising health consciousness among people has increased the consumption of processed dairy products such as skimmed milk. Manufacturers are producing low fat, organic, and nutrient-fortified dairy products to cater to changing consumer preferences. This requires manufacturers to acquire advanced dairy processing equipment. The abolition of milk quota in EU in 2015 has also been a driver for market growth. The abolition of milk quota has surged milk production and has encouraged leading dairy food manufacturers to install advanced machinery to enhance their processing capacity”, says Anju Ajaykumar, Lead Analyst, Heavy Industry, Technavio Research
The processed milk segment dominates the market, with a market share of 22%. Vendors are channelizing efforts to decrease production costs of processed milk to gain profitability. This is driving demand for efficient and advanced processing equipment. They are also striving to increase the capacity of dairy processors.
Global dairy processing equipment market 2020
Source: Technavio, 2016
The key vendors in the global dairy processing equipment market are Alfa Laval, GEA, Krones, SPX Corporation, and Tetra Laval. The market is highly competitive with the presence of five major global players and many small local vendors. The market in developing countries is highly fragmented, with many small vendors manufacturing basic machinery and spare parts. North American and European vendors are striving to increase exports and expand their business to emerging markets such as APAC, Latin America, and Africa.
A more detailed analysis is available in the Technavio report, Global Dairy Processing Equipment Market 2016-2020.
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