Agriculture

Global dairy equipment market to reach US$ 10.56 bn by 2021

According to an Orbis Research study, the global dairy processing equipment market was worth US$ 8.1 billion in 2016 and estimated to be growing at a CAGR of 5.45 percent, to reach US$ 10.56 billion by 2021

Global dairy equipment market to reach US$ 10.56 bn by 2021

The global dairy processing equipment market was worth US$ 8.1 billion in 2016 and estimated to be growing at a CAGR of 5.45 percent, to reach US$ 10.56 billion by 2021. Dairy product treatment ascends all over the world; also the structure of the production differs from country to country, a study by Orbis Research has reported today.

Dairy processing equipment is used for processing of milk to make diverse products such as cheese, butter and cream. These equipments help rise the output, decrease time for packaging and labour cost. These equipments have extensive applications such as pasteurising, processing, transporting storing, manufacturing, packaging activities of dairy products.

According to the study, the growth of this market is endorsed to the growing demand for consumption of dairy products and technological innovations in dairy processing equipment. The key drivers are the increasing global customer demand for dairy products, growing dairy production, varying needs, taste & likings among consumers, and rising demand for better and tasty dairy products. The increasing health consciousness among people has driven the consumption of processed dairy products. On the other hand, government guidelines and policies are posing a challenge for equipment industrialists which are distressing the market growth.

Global market for Dairy Processing Equipment is segmented by type into Pasteuriser, Homogenisers, Separators, Evaporators & Dryers, Membrane Filtration Equipment among various other equipments. On the basis of application the dairy processing equipment market is bifurcated into Processed Milk, Cream, Milk Powders, Cheese and Protein Concentrates. Based on process technology the market is divided into Direct Heating, Microfiltration, Deep-Bed Filtration, Indirect Heating and Bacteria-Removing Separation. Protein concentrate is the highest shareholding segment due to increasing consciousness among people regarding nutritious diet.

Geographically the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. Currently Asia Pacific region attained the maximum market share in the global dairy processing equipment market followed by Europe and North America securing second and third position correspondingly. China seizes the significant share in Asia Pacific region in terms of trading in dairy products.

Some of the major players in dairy processing equipment market include Reliable Milking Systems Inc., Automated Dairy Systems, DCI Inc., Dairy Creations Inc., Robert Reiser & Co. Inc., Agrometal Ltd., Kimaco Inc., Marlen Research Corp., Stephen Machinary Corp., Alfa Laval Inc., Indian Dairy Equipment Co., A&B Process Systems Corp., Scherjon Dairy Equipment Holland B.V., Ivarson Inc., Genemco Inc., Admix Inc., SSP Pvt Ltd., Feldmeier Equipment Inc., Tetra Pak International S.A. and Western Dairy Research Inc.

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