“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.
All the growth parameters in individual segments have been considered in this report. Evaporators & dryers and membrane filters are projected to grow in future as protein concentrates and milk powders are processed through these equipment wherein these products are increasingly being used by dairy processors to introduce new innovative dairy products in order to meet the consumer demand.
This report focuses on the dairy processing equipment market, which is segmented based on equipment type, application, and region, projecting the size and analyzing the trends in each of the following sub-markets.
Dairy processing equipment market, on the basis of key equipment, has been segmented as follows:
• Pasteurizers
• Homogenizers
• Separators
• Evaporators & Dryers
• Membrane Filters
• Others (churning equipment, crystallizers & cheese vats)
Dairy processing equipment market, on the basis of key applications, has been segmented as follows:
• Processed milk
• Cream
• Cheese
• Milk powder
• Protein concentrates
• Others (yogurt & buttermilk)
Dairy processing equipment market, on the basis of key regions, has been segmented as follows:
• North America
• Europe
• Asia-Pacific
• Latin America
• RoW
”
“TABLE OF CONTENTS
1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKETS COVERED 15
1.3 MARKET SCOPE 15
1.4 LIMITATIONS 15
1.5 YEARS CONSIDERED FOR DAIRY PROCESSING EQUIPMENT MARKET 16
1.6 CURRENCY 16
1.7 STAKEHOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.1.1 SECONDARY DATA 18
2.1.1.1 Key Data From Secondary Sources 18
2.1.2 PRIMARY DATA 19
2.1.2.1 Key Data From Primary Sources 19
2.1.2.2 Key Industry Insights 20
2.1.2.3 Breakdown of Primary Interviews: By Company Type, Designation & Region 20
2.2 FACTOR ANALYSIS 21
2.2.1 INTRODUCTION 21
2.2.2 DEMAND-SIDE ANALYSIS 21
2.2.2.1 Population Growth 22
2.2.2.2 Growth in Middle-Class Population in The Developing Markets 22
2.2.2.3 Growth in Purchasing Power Parity in Emerging Markets 23
2.2.2.4 Ageing Population Growth 24
2.2.2.5 Development of Cold Chain in Emerging Economies 25
2.2.2.6 Increasing consumption of milk & dairy products 26
2.2.3 SUPPLY-SIDE ANALYSIS 26
2.2.3.1 Research & Development on Dairy Processing Equipment & Technology by Dairy Equipment Manufacturers 27
2.3 MARKET SIZE ESTIMATION 27
2.4 MARKET BREAKDOWN & DATA TRIANGULATION 29
2.5 RESEARCH ASSUMPTIONS 30
2.5.1 ASSUMPTIONS 30
3 EXECUTIVE SUMMARY 31
4 PREMIUM INSIGHTS 34
4.1 ATTRACTIVE OPPORTUNITIES IN DAIRY PROCESSING MARKET 34
4.2 DAIRY PROCESSING EQUIPMENT MARKET, BY PRODUCT TYPE 35
4.3 DAIRY PROCESSING EQUIPMENT MARKET IN THE ASIA-PACIFIC REGION 36
4.4 U.S. DOMINATED THE OVERALL DAIRY PROCESSING EQUIPMENT MARKET IN 2013 37
4.5 DAIRY PROCESSING EQUIPMENT MARKET SHARE, BY APPLICATION, 2013 38
4.6 DAIRY PROCESSING EQUIPMENT: DEVELOPED VS. EMERGING MARKETS 39
4.7 DAIRY PROCESSING EQUIPMENT MARKET LIFE CYCLE ANALYSIS, BY REGION 40
5 MARKET OVERVIEW 41
5.1 INTRODUCTION 42
5.2 EVOLUTION 42
5.3 MARKET SEGMENTATION 43
5.4 MARKET DYNAMICS 46
5.4.1 DRIVERS 47
5.4.1.1 Production of Raw Milk & Consumption of Dairy Products Rising 47
5.4.1.2 Technological Innovations in Dairy Processing Equipment 47
5.4.1.3 Dairy Processors Need to Upgrade & Purchase New Equipment 48
5.4.2 RESTRAINT 49
5.4.2.1 Increasing Cost of Power & Energy 49
5.4.3 OPPORTUNITIES 50
5.4.3.1 Dairy Processors Demand After-Sales Services to Enhance Operational Efficiencies 50
5.4.3.2 Governmental Support & Funding for Small-Scale Dairy Processors 50
5.4.4 CHALLENGE 52
5.4.4.1 High Capital Investment 52
6 INDUSTRY TRENDS 53
6.1 INTRODUCTION 53
6.2 VALUE CHAIN ANALYSIS 53
6.2.1 MATERIAL INPUT 53
6.2.2 DAIRY PROCESSING EQUIPMENT 54
6.2.3 PACKAGING 54
6.2.4 DISTRIBUTION & MARKETING OF PROCESSED DAIRY PRODUCTS 54
6.3 SUPPLY CHAIN 55
6.3.1 DAIRY FARMERS 55
6.3.2 DAIRY EQUIPMENT MANUFACTURERS 55
6.3.3 DAIRY PROCESSORS 55
6.3.4 WHOLESALE DISTRIBUTION 56
6.3.5 END USERS 56
6.4 KEY INFLUENCERS 56
6.5 INDUSTRY INSIGHTS 57
6.6 PORTER’S FIVE FORCES ANALYSIS 58
6.6.1 BARGAINING POWER OF SUPPLIERS 58
6.6.2 BARGAINING POWER OF BUYERS 59
6.6.3 THREAT OF NEW ENTRANTS 59
6.6.4 THREAT OF SUBSTITUTES 59
6.6.5 INTENSITY OF RIVALRY 60
6.7 STRATEGIC BENCHMARKING 60
6.7.1 STRATEGIC ACQUISITION, AGREEMENT & PARTNERSHIP 60
7 DAIRY PROCESSING EQUIPMENT MARKET, BY EQUIPMENT TYPE 62
7.1 INTRODUCTION 63
7.2 PASTEURIZERS 65
7.3 HOMOGENIZERS 66
7.4 SEPARATORS 66
7.5 EVAPORATORS & DRYERS 67
7.6 MEMBRANE FILTERS 68
7.7 OTHER EQUIPMENT 69
7.8 NORTH AMERICA 70
7.8.1 U.S. 71
7.8.2 CANADA 72
7.8.3 MEXICO 73
7.9 EUROPE 73
7.9.1 GERMANY 74
7.9.2 FRANCE 76
7.9.3 U.K. 76
7.9.4 ITALY 77
7.9.5 THE NETHERLANDS 78
7.9.6 REST OF EUROPE 79
7.10 ASIA-PACIFIC 79
7.10.1 INDIA 81
7.10.2 CHINA 82
7.10.3 JAPAN 82
7.10.4 AUSTRALIA 83
7.10.5 NEW ZEALAND 84
7.10.6 OTHER ASIA-PACIFIC COUNTRIES 85
7.11 LATIN AMERICA 86
7.11.1 BRAZIL 87
7.11.2 ARGENTINA 87
7.11.3 OTHER LATIN AMERICAN COUNTRIES 88
7.12 ROW 89
7.12.1 SOUTH AFRICA 89
7.12.2 THE MIDDLE EAST 90
7.12.3 OTHERS 91
8 DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION 92
8.1 INTRODUCTION 93
8.2 PROCESSED MILK 94
8.3 CREAM 95
8.4 MILK POWDERS 95
8.5 CHEESE 96
8.6 PROTEIN CONCENTRATES 97
8.7 OTHERS 98
8.8 NORTH AMERICA 98
8.8.1 U.S. 100
8.8.2 CANADA 100
8.8.3 MEXICO 101
8.9 EUROPE 101
8.9.1 GERMANY 102
8.9.2 FRANCE 103
8.9.3 U.K. 104
8.9.4 ITALY 104
8.9.5 THE NETHERLANDS 105
8.9.6 REST OF EUROPE 105
8.10 ASIA-PACIFIC 106
8.10.1 INDIA 108
8.10.2 CHINA 108
8.10.3 JAPAN 109
8.10.4 AUSTRALIA 109
8.10.5 NEW ZEALAND 110
8.10.6 OTHER ASIA-PACIFIC COUNTRIES 110
8.11 LATIN AMERICA 111
8.11.1 BRAZIL 112
8.11.2 ARGENTINA 112
8.11.3 OTHER LATIN AMERICAN COUNTRIES 113
8.12 ROW 113
8.12.1 SOUTH AFRICA 114
8.12.2 THE MIDDLE EAST 115
8.12.3 OTHERS 115
9 DAIRY PROCESSING EQUIPMENT MARKET, BY REGION 116
9.1 INTRODUCTION 117
9.2 NORTH AMERICA 119
9.3 EUROPE 120
9.4 ASIA-PACIFIC 122
9.5 LATIN AMERICA 124
9.6 REST OF THE WORLD (ROW) 125
10 COMPETITIVE LANDSCAPE 126
10.1 OVERVIEW 126
10.2 MARKET SHARE ANALYSIS OF DAIRY PROCESSING EQUIPMENT MARKET 128
10.3 COMPETITIVE SITUATIONS & TRENDS 129
10.3.1 AGREEMENTS & PARTNERSHIPS 131
10.3.2 EXPANSIONS 132
10.3.3 NEW PRODUCT LAUNCH 133
10.3.4 ACQUISITIONS 133
11 COMPANY PROFILES 135
(Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
11.1 INTRODUCTION 135
11.2 GEA GROUP AKTIENGESELLSCHAFT 136
11.3 SPX CORPORATION 140
11.4 THE KRONES GROUP 144
11.5 TETRA LAVAL GROUP 147
11.6 ALFA LAVAL CORPORATE AB 150
11.7 IMA GROUP 153
11.8 IDMC LIMITED 155
11.9 A&B PROCESS SYSTEMS 156
11.10 FELDMEIER EQUIPMENT, INC 157
11.11 SCHERJON EQUIPMENT HOLLAND B.V. 159
*Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.
12 APPENDIX 161
12.1 DISCUSSION GUIDE 161
12.2 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 163
12.3 AVAILABLE CUSTOMIZATIONS 163
12.4 RELATED REPORTS 164
“
“LIST OF TABLES
TABLE 1 LEADING DAIRY PROCESSING EQUIPMENT MANUFACTURERS INVESTING IN ADVANCED TECHNOLOGY 27
TABLE 2 HISTORY OF DAIRY PROCESSING 42
TABLE 3 TECHNOLOGICAL INNOVATIONS IN DAIRY PROCESSING EQUIPMENT DRIVE THE MARKET 49
TABLE 4 DAIRY PROCESSORS DEMAND AFTER-SALES SERVICES TO ENHANCE OPERATIONAL EFFICIENCIES 51
TABLE 5 TRENDS IN THE DAIRY EQUIPMENT PROCESSING MARKET 57
TABLE 6 DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 64
TABLE 7 PASTEURIZER EQUIPMENT MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 65
TABLE 8 HOMOGENIZER MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 66
TABLE 9 SEPARATORS MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 67
TABLE 10 EVAPORATORS & DRYERS MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 67
TABLE 11 MEMBRANE FILTERS EQUIPMENT MARKET SIZE, BY REGION,
2012–2019 ($MILLION) 68
TABLE 12 OTHER EQUIPMENT MARKET SIZE, BY REGION, 2012–2019 ($MILLION) 69
TABLE 13 NORTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 71
TABLE 14 U.S.: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 72
TABLE 15 CANADA: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 72
TABLE 16 MEXICO: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 73
TABLE 17 EUROPE: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 74
TABLE 18 GERMANY: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 75
TABLE 19 FRANCE: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 76
TABLE 20 U.K.: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 77
TABLE 21 ITALY: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 77
TABLE 22 THE NETHERLANDS: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 78
TABLE 23 REST OF EUROPE: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 79
TABLE 24 ASIA-PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 80
TABLE 25 INDIA: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 81
TABLE 26 CHINA: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 82
TABLE 27 JAPAN: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 83
TABLE 28 AUSTRALIA: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 83
TABLE 29 NEW ZEALAND: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 84
TABLE 30 OTHER ASIA-PACIFIC COUNTRIES: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 85
TABLE 31 LATIN AMERICA: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 86
TABLE 32 BRAZIL: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 87
TABLE 33 ARGENTINA: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 88
TABLE 34 OTHER LATIN AMERICAN COUNTRIES: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 88
TABLE 35 ROW: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 89
TABLE 36 SOUTH AFRICA: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 89
TABLE 37 THE MIDDLE EAST: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 90
TABLE 38 OTHERS: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 91
TABLE 39 DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION,
2012–2019 ($MILLION) 94
TABLE 40 PROCESSED MILK MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 94
TABLE 41 CREAM MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 95
TABLE 42 MILK POWDERS MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 96
TABLE 43 CHEESE MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 96
TABLE 44 PROTEIN CONCENTRATES MARKET SIZE, BY REGION, 2012–2019 ($MILLION) 97
TABLE 45 OTHERS MARKET SIZE, BY REGION, 2012–2019 ($MILLION) 98
TABLE 46 NORTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2012–2019 ($MILLION) 99
TABLE 47 U.S.: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION,
2012–2019 ($MILLION) 100
TABLE 48 CANADA: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION,
2012–2019 ($MILLION) 100
TABLE 49 MEXICO: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION,
2012–2019 ($MILLION) 101
TABLE 50 EUROPE: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION,
2012–2019 ($MILLION) 102
TABLE 51 GERMANY: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION,
2012–2019 ($MILLION) 102
TABLE 52 FRANCE: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION,
2012–2019 ($MILLION) 103
TABLE 53 U.K.: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION,
2012–2019 ($MILLION) 104
TABLE 54 ITALY: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION,
2012–2019 ($MILLION) 104
TABLE 55 THE NETHERLANDS: DAIRY PROCESSING EQUIPMENT MARKET SIZE,
BY APPLICATION, 2012–2019 ($MILLION) 105
TABLE 56 REST OF EUROPE: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2012–2019 ($MILLION) 105
TABLE 57 ASIA-PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2012–2019 ($MILLION) 107
TABLE 58 INDIA: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION,
2012–2019 ($MILLION) 108
TABLE 59 CHINA: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION,
2012–2019 ($MILLION) 108
TABLE 60 JAPAN: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION,
2012–2019 ($MILLION) 109
TABLE 61 AUSTRALIA: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION,
2012–2019 ($MILLION) 109
TABLE 62 NEW ZEALAND: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2012–2019 ($MILLION) 110
TABLE 63 OTHER ASIA-PACIFIC COUNTRIES: DAIRY PROCESSING EQUIPMENT MARKET SIZE,
BY APPLICATION, 2012–2019 ($MILLION) 110
TABLE 64 LATIN AMERICA: DAIRY PROCESSING EQUIPMENT MARKET SIZE , BY APPLICATION, 2012–2019 ($MILLION) 111
TABLE 65 BRAZIL: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION,
2012–2019 ($MILLION) 112
TABLE 66 ARGENTINA: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2012–2019 ($MILLION) 112
TABLE 67 OTHER LATIN AMERICAN COUNTRIES: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2012–2019 ($MILLION) 113
TABLE 68 ROW: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION,
2012–2019 ($MILLION) 114
TABLE 69 SOUTH AFRICA: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2012–2019 ($MILLION) 114
TABLE 70 THE MIDDLE EAST: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2012–2019 ($MILLION) 115
TABLE 71 OTHERS: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION,
2012–2019 ($MILLION) 115
TABLE 72 DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2012–2019 ($MILLION) 118
TABLE 73 NORTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2012–2019 ($MILLION) 120
TABLE 74 EUROPE: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY,
2012–2019 ($MILLION) 121
TABLE 75 ASIA-PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY,
2012–2019 ($MILLION) 123
TABLE 76 LATIN AMERICA: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2012–2019 ($MILLION) 124
TABLE 77 ROW: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY/REGION,
2012–2019 ($MILLION) 125
TABLE 78 AGREEMENTS & PARTNERSHIPS, 2011–2014 131
TABLE 79 EXPANSIONS, 2011-2014 132
TABLE 80 NEW PRODUCT LAUNCHES, 2011-2014 133
TABLE 81 ACQUISITIONS, 2011-2014 133
“
“LIST OF FIGURES
FIGURE 1 DAIRY PROCESSING EQUIPMENT MARKET: SEGMENTATION 15
FIGURE 2 DAIRY PROCESSING EQUIPMENT MARKET: RESEARCH DESIGN 17
FIGURE 3 GROWING POPULATION TO CONTRIBUTE TO DOUBLE-DIGIT GROWTH OF FOOD DEMAND BY 2030 22
FIGURE 4 ASIA-PACIFIC MIDDLE-CLASS POPULATION GROWING & ESTIMATED TO GARNER LARGEST MARKET SHARE BY 2030 23
FIGURE 5 U.S., CHINA, INDIA, JAPAN & GERMANY ARE TOP-FIVE ECONOMIES BASED ON GDP (PPP) (2013) 23
FIGURE 6 AGEING POPULATION IN THE WORLD DEMAND DAIRY FOODS 24
FIGURE 7 COLD CHAIN CAPACITY IN EMERGING MARKETS INCREASING (2008-2010) 25
FIGURE 8 INDEX OF MILK & DAIRY PRODUCTS CONSUMPTION 26
FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 28
FIGURE 10 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 28
FIGURE 11 DATA TRIANGULATION 29
FIGURE 12 ASSUMPTIONS OF THE RESEARCH STUDY 30
FIGURE 13 ASIA-PACIFIC: LARGEST MARKET FOR DAIRY PROCESSING EQUIPMENT (2014) 31
FIGURE 14 PROCESSED MILK SEGMENT DOMINATES THE MARKET GLOBALLY (2014–2019) 32
FIGURE 15 DEMAND FOR PASTEURIZERS INCREASING IN THE DAIRY PROCESSING EQUIPMENT MARKET (2014–2019) 33
FIGURE 16 EMERGING ECONOMIES, CHANGING CONSUMER TASTE & PREFERENCE OFFER LUCRATIVE OPPORTUNITIES IN THE DAIRY PROCESSING EQUIPMENT MARKET 34
FIGURE 17 EVAPORATORS & DRYING EQUIPMENT TO GROW AT THE HIGHEST RATE, 2014-2019 35
FIGURE 18 PASTEURIZER, HOMOGENIZER, SEPARATOR, AND EVAPORATOR & DRYER EQUIPMENT CAPTURE THE LARGEST SHARE OF AROUND 80.3% IN ASIA-PACIFIC MARKET 36
FIGURE 19 EMERGING DAIRY PROCESSING EQUIPMENT MARKETS OF ASIA-PACIFIC REGION ARE ESTIMATED TO GROW AT THE HIGHEST RATE 37
FIGURE 20 ASIA-PACIFIC DOMINATED THE DAIRY PROCESSING EQUIPMENT MARKET IN 2013 38
FIGURE 21 EMERGING MARKETS EXHIBIT HIGHER GROWTH RATES THAN DEVELOPED MARKETS 39
FIGURE 22 ASIA-PACIFIC TO EXPERIENCE HIGH GROWTH PHASE IN DAIRY PROCESSING EQUIPMENT MARKET 40
FIGURE 23 EVOLUTION OF DAIRY PROCESSING 42
FIGURE 24 MARKET SEGMENTATION: BY EQUIPMENT TYPE 43
FIGURE 25 MARKET SEGMENTATION: BY APPLICATION 44
FIGURE 26 PRODUCTION OF RAW MILK & CONSUMPTION OF DAIRY PRODUCTS RISING & TECHNOLOGICAL INNOVATIONS IN DAIRY PROCESSING EQUIPMENT FUEL THE MARKET GROWTH 46
FIGURE 27 VALUE CHAIN FOR THE DAIRY PROCESSING MARKET 53
FIGURE 28 SUPPLY CHAIN FOR THE DAIRY PROCESSING MARKET 54
FIGURE 29 PORTER’S FIVE FORCES ANALYSIS 58
FIGURE 30 ACQUISITION IS THE KEY STRATEGY ADOPTED BY DAIRY EQUIPMENT MANUFACTURERS (2012-2014) 61
FIGURE 31 DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2012-2019 64
FIGURE 32 U.S. DOMINATES THE DAIRY PROCESSING EQUIPMENT MARKET IN NORTH AMERICA 70
FIGURE 33 GERMANY DOMINATED THE EUROPEAN MARKET FOR DAIRY PROCESSING EQUIPMENT, 2012-2019 75
FIGURE 34 ASIA-PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET 80
FIGURE 35 LATIN AMERICA: DAIRY PROCESSING EQUIPMENT MARKET 86
FIGURE 36 DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2012-2019 93
FIGURE 37 NORTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY APPLICATION, 2012–2019 ($MILLION) 99
FIGURE 38 ASIA-PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET 107
FIGURE 39 LATIN AMERICA: DAIRY PROCESSING EQUIPMENT MARKET 111
FIGURE 40 GEOGRAPHIC SNAPSHOT (2014–2019): COUNTRIES OF ASIA-PACIFIC ARE EMERGING MARKETS 118
FIGURE 41 U.S. TO COMMAND 71.3% OF THE NORTH AMERICAN MARKET IN 2014 119
FIGURE 42 EUROPE: GERMANY ESTIMATED TO BE THE LARGEST MARKET FOR DAIRY PROCESSING EQUIPMENT MARKET, 2014 121
FIGURE 43 ASIA-PACIFIC: CHINA & INDIA HAVE GROWTH POTENTIAL IN THE DAIRY PROCESSING EQUIPMENT MARKET, 2014 123
FIGURE 44 KEY COMPANIES PREFERRED ACQUISITION & EXPANSION STRATEGIES OVER THE LAST FIVE YEARS 126
FIGURE 45 TETRA LAVAL LED THE GLOBAL DAIRY PROCESSING EQUIPMENT MARKET BETWEEN 2010 & 2013 127
FIGURE 46 DAIRY PROCESSING EQUIPMENT MARKET SHARE, BY KEY PLAYER, 2010–2013 128
FIGURE 47 ACQUISITIONS HAVE FUELED GROWTH & INNOVATION (2012-2014) 129
FIGURE 48 ACQUISITIONS: THE KEY STRATEGY, 2010–2014 130
FIGURE 49 ANNUAL DEVELOPMENTS IN THE DAIRY PROCESSING EQUIPMENT MARKET,
2010–2014 131
FIGURE 50 GEOGRAPHICAL REVENUE MIX OF TOP-FOUR PLAYERS 135
FIGURE 51 GEA GROUP: BUSINESS OVERVIEW 136
FIGURE 52 GEA GROUP: SWOT ANALYSIS 138
FIGURE 53 SPX CORPORATION: BUSINESS OVERVIEW 140
FIGURE 54 SPX CORPORATION: SWOT ANALYSIS 142
FIGURE 55 THE KRONES GROUP: BUSINESS OVERVIEW 144
FIGURE 56 KRONES GROUP: SWOT ANALYSIS 146
FIGURE 57 TETRA LAVAL: BUSINESS OVERVIEW 147
FIGURE 58 TETRA LAVAL: SWOT ANALYSIS 149
FIGURE 59 ALFA LAVAL: BUSINESS OVERVIEW 150
FIGURE 60 ALFA LAVAL: SWOT ANALYSIS 152
FIGURE 61 IMA GROUP: BUSINESS OVERVIEW 153
FIGURE 62 IDMC LIMITED: BUSINESS OVERVIEW 155
FIGURE 63 A&B PROCESS SYSTEMS: BUSINESS OVERVIEW 156
FIGURE 64 FELDMEIER EQUIPMENT, INC.: BUSINESS OVERVIEW 157
FIGURE 65 SCHERJON EQUIPMENT: BUSINESS OVERVIEW 159
“
