Dairy Processing Equipment Market size will witness significant growth owing to its wide usage in be
Posted: Oct 30, 2017
The Dairy Processing Equipment Market size may witness significant gains owing increasing utilization of processed milk for manufacturing various products including cheese, butter, and ice-cream. Change in consumer emphasis towards healthier and palatable products supported by rising health concerns may drive industry growth.
Dairy processing equipment helps convert milk to various form of end-use products such as cheese, cream, yogurt and butter. Based on these products several types of techniques are employed including pasteurizers, separators, homogenizers, evaporators & dryers and membrane filtration procedure. These techniques increase productivity by reducing labor cost, lay-off time, production cost and packaging time to meet the overall market demand.
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Asia Pacific accounted for over 60% of the overall dairy demand in 2016. Rapid urbanization along with rising consumer purchasing power should drive industry growth. Growing sustainable farming techniques supported by government initiative and financial assistance may drive industry growth. Presence of various small-scale businesses adopting dairy processing equipment to increase high cash profits should have positive influence on product market size.
Global milk market size was valued at over USD 400 billion in 2016 and may grow notably during the projected timespan owing to its rising demand from end use industry along with consumers shifting preferences towards better diets may propel industry growth. Rise in palatable and healthier milk products consumption owing to changing dietary habits should fuel dairy processing equipment demand.
Higher productivity from farms, producing more milk per cow due to specialized feed, well-bred environment and increased emphasis on livestock healthcare will drive dairy processing equipment market. Product market has unlocked new off-farm job opportunities such as collection, transportation, processing and marketing which may have positive influence on industry growth.
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Processed products such as cream, cheese, processed milk and protein ingredients dominate the product market due to its longer shelf life, enhanced taste and application scope compared to ordinary raw milk which is susceptible to disease and is perishable. Moreover, processed products are convenient to handle, have high nutritional value and facilitate large scale use which may stimulate dairy processing equipment market growth remarkably.
Global milk consumption was sized to be over 300 billion liters in 2016 and may show remarkable growth. Processed milk products accounted for over 35% of the global milk consumption and may grow owing to increased milk products application scope in end use industries including bakery & confectionary, nutraceutical, food & beverage and food processing industries that will drive dairy processing equipment market size.
Asia Pacific is largest market for dairy processing equipment, led by China, India and Japan. Growing population and shift in consumer lifestyle, supported by increasing investments from multinational company’s due to lower production and labor cost will propel regional processing equipment market growth.
Total milk production in India sized to be over 150 million tons which is second largest by volume, also being a major processed product exporter drives equipment market for pasteurizers and homogenizers implying regional dairy processing equipment market growth.
Europe dairy processing equipment market size, led by Germany, Italy and France is largest. High demand for milk and its products is anticipated to fuel growth for regional industry growth. Rationalization in trend towards larger plant size operated by less people drives regional product demand.
High operating cost owing to increase in energy and power cost may limit industry profitability thereby affecting dairy processing equipment price trend. Pasteurization machinery consumes substantial amounts of energy compared to other processing equipment. High operating cot restricts small diary producers from installing these equipment systems and may hinder industry growth.
However, technological innovations pertaining to aseptic packaging technology to extend non-refrigerated products shelf life is likely to surge dairy processing equipment demand. Other specialized process like ultrafiltration and modern drying processes have increased the chances to recover milk solids which were discharged during older process growth.
Key industry participants are engaged in strategic alliances including investments, collaborations and product launch to enhance their product portfolio and strengthen market position may drive dairy processing equipment market size.
Global dairy processing equipment market is highly competitive and consolidated. Some key players include Feldmeier Equipments, Indian Dairy Equipments, Dairy Creations, DCI, Genemco, Admix, Kimaco, Robert Reiser & Co., Agrometal, Stephen Machinery, Alfa Laval and Ivarson.
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