(Entertainment-NewsWire.com, February 21, 2018 ) The Global Dairy Processing Equipment Market was valued at USD 2.63 billion in 2016 and is projected to reach USD 6.92 billion by 2025, growing at a CAGR of 11.35% from 2017 to 2025.
The market for dairy processing equipment is rising everyday as consumers prefer packaged and nutritional dairy products. Dairy equipment's are used to produce products like cheese, milk, cream, yogurt and others. Consumers these days have become very health conscious and want healthy products with low sugar, cholesterol, low fat, and also want a different taste every time. This rise among health conscious consumers increases the demand for dairy products, which drives the growth of the dairy processing market.
Market Dynamics: 1. Market Drivers 1.1 Rise in consumption of dairy products. 1.2 Adoption of better technologies. 1.3 Major increase in automation by processing equipment's.
2. Market Restraints 2.1 Major rise in cost of raw materials and power/energy.
Market Segmentation: The Global Dairy Processing Equipment Market is segmented on the basis of Application, Type and Region.
1. By Application: 1.1 Cream 1.2 Processed Milk 1.3 Cheese 1.4 Milk Powders 1.5 Protein Concentrates 1.6 Other Applications
2. By Type: 2.1 Homogenizers 2.2 Pasteurizer 2.3 Evaporators & Dryers 2.4 Separators 2.5 Membrane Filtration Equipment 2.6 Other Equipment
Competitive Landscape: The major players in the market are as follows: 1. Feldmeir Equipment, Inc 2. Idmc Limited 3. Alfa Laval Corporate Ab 4. The Krones Group 5. GEA Group 6. SPX Corporation 7. Tetra Laval International S.A. 8. IMA Group 9. A&B Process Systems 10. Scherjon Equipment Holland B.V.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
