The global dairy processing equipment market revenue was around US$ 9.12 billion in 2022 and is estimated to reach US$ 15.01 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.7% during the forecast period from 2023 to 2031.
Dairy processing equipment performs multiple operations in modern dairy farms. Some of these operations include storing, filtering, pasteurizing, and homogenizing raw milk. Dairy processing equipment can also conduct a wide range of dairy-related processes ranging from cream separation, chilling raw milk, and packaging to creating processed beverages, cultured products, powders, and concentrates.
Market Driving Factors
The growing popularity of plant-based dairy substitutes is a factor driving the market growth. Consumer choice for plant-based dairy substitutes such as soy, almond, and coconut milk increasing because of these products' alleged health benefits and environmental friendliness. Processing machinery, such as soya milk machines and nut milk makers are required to make plant-based milk owing to the increasing demand for vegan dairy substitutes.
Government laws that support food safety and hygiene requirements are another factor boosting the market expansion. The requirement for dairy processing equipment that conforms to these laws is being driven by the stringent regulations that have been implemented in various countries to ensure the safety and dairy products quality.
The technological advancements in dairy processing equipment are driving the market income. Automation and energy-saving gear have led to increased efficiency and decreased operating costs for dairy processing operations. Additionally, the management and monitoring of dairy processing equipment are being enhanced by utilizing advanced technologies such as Artificial Intelligence, Internet of Things, and Machine Learning. This reduces the risk of contamination and increases the quality of dairy products.
The high price associated with the maintenance of the equipment will impede market growth.
Regional Analysis
In 2022, Asia Pacific dominated the market in terms of the largest shares and is estimated to maintain its dominance over the forecast period. This can be mainly attributed to the surge in populations in nations like India and China fueled the demand for dairy products. Furthermore, milk processing companies are increasingly adopting automation in their production processes to improve productivity and lower labor prices. Thus, this factor drives the market growth.
North America is expected to dominate the market in terms in terms of substantial growth during the projected period. This is due to the increased demand for dairy products, including milk, cheese, and yogurt. The essential driving element is the rising number of health-conscious consumers who prefer organic and natural dairy products. Furthermore, the dairy processing equipment industry is witnessing innovation, driven by the increasing trend of plant-based dairy substitutes.
Europe is predicted to experience a constant rate of growth in the market. This is mainly due to the well-established, competitors operating in a highly competitive surrounding. This region is known for its high-quality dairy products that are distributed worldwide. In addition, the surging demand for yogurt, cheese, and butter acts as the primary driver for the demand for dairy processing equipment in the region.
Segmentation Insights
Type Insight
The pasteurizers segment dominates the market in terms of the largest revenue share. Heating milk during the pasteurization process plays an important role in eliminating dangerous bacteria and expanding the milk's shelf life. In addition, the increasing consumer demand for packaged milk and dairy products with prolonged shelf lives is projected to increase the demand for pasteurization equipment. Pasteurizers also play a critical role in the production of yogurt, cheese, and ice cream. Therefore, it is predicted to boost the segment growth.
The homogenizers segment is expected to dominate the market in terms of the highest revenue during the projection period. Homogenization, an important process, ensures flavor and uniform texture in dairy products by distributing fat molecules in milk. Homogenizers find vast usage in the production of different dairy items, including ice cream, cream, yogurt, and cheese. The demand for homogenizers is estimated to surge demand for dairy products that provide consistent texture and flavor, especially in emerging markets.
Application Insight
The processed milk segment dominates the market in terms of the highest share over the forecast period. This is due to the surge in demand for processed milk, particularly in developing countries. Processed milk has gained popularity in both rural and urban areas owing to its convenience and longer shelf life compared to raw milk. The utilization of dairy processing equipment in the production of processed milk has also contributed to the market expansion.
The cheese segment is expected to experience substantial growth over the forecast period. This is mainly due to the increase in demand for cheese, especially in North America and Europe. The rising acceptance of packaged and processed cheese in developing regions such as Asia Pacific is another driver of expansion. The use of dairy processing equipment, such as homogenizers and separators, in the cheese-making process is anticipated to further fuel the segment's growth.
Prominent Companies
Segmentation Outline
The global dairy processing equipment market segmentation focuses on Type, Application, and Region.
By Type
By Application
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL DAIRY PROCESSING EQUIPMENT MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: DAIRY PROCESSING EQUIPMENT MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL DAIRY PROCESSING EQUIPMENT MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE
5.1 OVERVIEW
5.2 EVAPORATORS
5.3 HOMOGENIZERS
5.4 MEMBRANE FILTRATION EQUIPMENT
5.5 SEPARATORS
5.6 PASTEURIZERS
5.7 OTHERS
6 GLOBAL DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 ICE CREAM
6.3 BUTTER
6.4 PROCESSED MILK
6.5 CHEESE
6.6 YOGURT
6.7 OTHERS
7 GLOBAL DAIRY PROCESSING EQUIPMENT MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3.1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL DAIRY PROCESSING EQUIPMENT MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
8.4 COMPETITIVE DASHBOARD
8.5 PRODUCT MAPPING
8.6 TOP PLAYER POSITIONING, 2022
8.7 COMPETITIVE HEATMAP
8.8 TOP WINNING STRATEGIES
9 COMPANY PROFILES
9.1 ALFA LAVAL AB
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.2 FELDMEIER EQUIPMENT, INC
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.3 GEA GROUP AG
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.4 IDMC LIMITED
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.5 JOHN BEAN TECHNOLOGIES CORPORATION
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.6 KRONES AG
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.7 SCHERJON DAIRY EQUIPMENT HOLLAND B.V.
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.8 SPX CORPORATION
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.9 STEPHAN MACHINERY GMBH
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
9.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.10 TETRA LAVAL INTERNATIONAL S.A.
9.10.1 OVERVIEW
9.10.2 FINANCIAL PERFORMANCE
9.10.3 PRODUCT OUTLOOK
9.10.4 KEY DEVELOPMENTS
9.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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