Dairy Processing Equipment Market Research Report Forecast to 2023
Growing demand for dairy farm products, increasing dairy farm production, dynamic wants, taste & preferences among customers, and wish for healthier and appetizing dairy farm products are the factors that have driven the demand for diary processing equipment market. The worldwide dairy processing equipment market size is anticipated to succeed in $12.5 billion by 2023, rising at a market growth of 5.9% CAGR throughout the forecast period. The price related to the utilization of power and energy within the operation of processing equipment has been the key restraint for the dairy processing equipment market.
Global Dairy Processing Equipment Market size is expected to reach $12.5 billion by 2023, rising at a market growth of 5.9% CAGR during the forecast period. Growing demand for dairy products, increasing dairy production, changing needs, taste & preferences among consumers, and need for healthier and palatable dairy products have been the factors that have driven the demand for diary processing equipment market. Growing awareness about health has driven the need for processed dairy products such as skimmed milk among the end users. The cost associated with the use of power and energy in the operation of processing equipment has been the major restraint for the dairy processing equipment market. The need for electricity is continuous in the diary processing firms and power is constantly used for running the plant, refrigeration, lighting, and other mechanical processes.
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Based on Application, the market report segments the market into Processed Milk, Cheese, Milk Powder, Yogurt, Protein Ingredients, and Others. Based on Type, the Global Dairy Processing Equipment market segments the market into Pasteurizers, Membrane Filtration Equipment, Homogenizers, Mixing & Blending Equipment, Evaporators & Dryers, Separators, and Others. Based on Regions, the Global Dairy Processing Equipment market segments the market into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
The market research report covers the analysis of key stake holders of the Global Dairy Processing Equipment Market. Key companies profiled in the report include GEA Group, SPX Corporation, The Krones Group, Tetra Laval International S.A., Alfa Laval AB, IMA Group, Idmc Limited, JBT Corporation (A&B Process Systems), Scherjon Equipment Holland B.V., and Feldmeier Equipment, Inc.
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by: Sandhya Nair