Technavio, a tech-focused market research firm, has published a new report on the global industrial dryers market for agricultural products, which is expected to grow at a CAGR of close to 2% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global industrial dryers market for agricultural products into the following key regions: the Americas, APAC, Europe, and MEA.
Source: Technavio
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Top three contributors for the global industrial dryers market for agricultural products are elaborated below
Industrial dryers market for agricultural products in APAC: The major contributors to the industrial dryers market for agricultural products in APAC are China, Japan, and India. Major vendors in the food processing industry are expanding their production facilities in these countries to strengthen their distribution networks.
According to Poonam Saini, a lead analyst at Technavio, specializing in research on food, “Favorable economic conditions are likely to contribute to the growth of the market in APAC during the forecast period, as consumers are now willing to pay a premium price for better-quality products. The increasing demand for organic vegetables and fruits is another factor contributing to the growth of the market.”
Industrial dryers market for agricultural products in the Americas: The US is the largest market in the Americas. The market for dry fruits and vegetables in the US is mature, which limits the growth opportunity for food dryer manufacturers. However, replacement and upgraded sales, and maintenance charges are aiding manufacturers in increasing their annual turnovers.
Industrial dryers market for agricultural products in Europe: The Eastern European market, which is mainly driven by Russia, is providing growth opportunities to the overall region. With the increasing number of facilities in Russia and Turkey, the food processing industry is expected to boost growth during the forecast period. Moreover, industrial food drying equipment manufacturers in Western Europe are concentrating on streamlining their manufacturing facilities.
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The top vendors operating in the global industrial dryers market for agricultural products are:
- Bucher
- Bühler
- Boda Microwave
- OKAWARA
- Turatti Group
- Zhengzhou Azeus Machinery
Other prominent vendors in the market include HOF Prüfsysteme, MechaTech Systems, New AVM Systech, Plasma Kraft, SSP, Thompson Dryers.
A more detailed analysis is available in the Technavio report titled, ‘Global industrial dryers market for agricultural products 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Industrial Dryers Market 2016-2020
- Global Freeze Drying Equipment Market 2016-2020
- Global Process Agitators Market 2016-2020
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