Dairy processing equipment market to top $10 billion by 2019

March 10, 2015

The market for dairy processing equipment is benefiting from new technological developments and a general increase in consumption of dairy foods, according to a new assessment of the market.

The market for dairy processing equipment is benefiting from new technological developments and a general increase in consumption of dairy foods, according to a new assessment of the market.

Research and Markets expects the global dairy processing equipment market to be worth as much as $10,433.3 million by 2019, expanding at a compound annual growth rate (CAGR) of 5.3% over the coming years.

To produce dairy products, such as processed milk, cream, cheese, buttermilk, yogurt, milk powder and protein concentrates, the industry uses pasteurizers, homogenizers, separators, evaporators & dryers, membrane filters and other equipment, such as churning machines, crystallizers and cheese vats.

As of 2014, processed milk accounts for the largest share of the dairy processing equipment market but the fastest-growing segment is milk powders and protein concentrates, which are used to fortify nutraceutical, infant and sports nutrition products. Demand for these ingredients is rising – particularly in developing countries, such as India, China and the Latin American countries, driven by population growth, increase in spending power and lifestyle changes.

According to the research firm, Asia-Pacific is the largest market for dairy processing equipment, followed by Europe and North America, where the market is mature. Within the Asia-Pacific region, China and India are the fastest-growing markets.

Leading manufacturers identified in the report include Swiss company Tetra Laval, Alfa Laval of Sweden, U.S.-based SPX Corporation and Germany's GEA Group and Krones Group.

Sponsored Recommendations

2024 Manufacturing Trends — Unpacking AI, Workforce, and Cybersecurity

The world of manufacturing is changing, and Generative AI is one of the many change agents. The 2024 State of Smart Manufacturing Report takes a deep dive into how Generative ...

State of Smart Manufacturing Report Series

The world of manufacturing is changing, and Generative AI is one of the many change agents. The 2024 State of Smart Manufacturing Report takes a deep dive into how Generative ...

Trying to Keep Pace with Supply Chain Disruption?

CPG manufacturers are struggling to keep up with supply chain disruptions. Learn how to build more resilient operations –and reduce demand shock.

Mitigating Cybersecurity Threats – Step-by-Step

Distributor Wesco adds services focused on identifying and solving OT network and security vulnerabilities in critical manufacturing.