Global Dairy Processing Equipment Market is Projected to Reach $10,433.3 Million by 2019

Date: 2015-08-19

“The global dairy processing equipment market is projected to reach $10,433.3 million by 2019, at a CAGR of 5.3% from 2014 to 2019.

New technological developments and increase in consumption and demand for dairy foods have led to the growth of the dairy processing equipment market. Milk is processed by utilizing dairy processing equipment to develop dairy products, such as processed milk, cream, cheese, milk powder, and protein concentrates. The key dairy processing equipment utilized include pasteurizers, homogenizers, separators, evaporators & dryers, membrane filters & other equipment, such as churning equipment, crystallizers and cheese vats. Dairy processing equipment help increase output and prolong shelf-life of dairy products so that they are delivered to the end consumers in the best possible quality. 

Asia-Pacific is the largest market for dairy processing equipment, followed by Europe & North America. The dairy processing equipment market is matured in North America and Europe, while China and India are the fastest-growing markets in the Asia-Pacific region.

Both, bottom-up and top-down approaches were used to derive the size of the dairy processing equipment market. The market segments include types of equipment, applications, and region.

Key players such as Tetra Laval (Switzerland), Alfa Laval (Sweden), SPX Corporation (U.S.), GEA Group (Germany), and Krones Group (Germany), have been profiled in the report. The market dynamics—in terms of market drivers, restraints, opportunities, and challenges—have been discussed in detail in the report.

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