Dairy Processing Equipment Market Forecasts Substantial Growth, Eyeing US$ 18.3 Billion by 2034 | FMI Report

NEWARK, Del, April 24, 2024 (GLOBE NEWSWIRE) -- According to different dairy processing equipment market growth drivers, the market will navigate its progress path at a moderate pace, projecting a CAGR of 5.5% and reaching US$ 18.3 billion by 2034. The dairy processing equipment market will be valued at US$ 10.7 billion by 2024.

Government initiatives will drive the market, including offering subsidies, incentivizing dairy production businesses, and levitating taxation policies. Also, these efforts will reduce the production cost, enhancing the dairy processing equipment market growth.

The growing awareness regarding nutritional food increases the demand for dairy products. Also, the growing population adds surplus to this demand, which helps the dairy processing equipment market size propagate moderately.

Request Sample Report and Drive Impactful Decisions: https://www.futuremarketinsights.com/reports/sample/rep-gb-937

The robust technological infrastructure will enhance room for innovation. Due to this, dairy production will seek better equipment to reduce labor costs. Thus, this will be a vital factor driving the dairy processing equipment market growth.

The rising environmental concern fuels the need for sustainable dairy products. Hence, this will increase the demand for processing equipment. Consequently, it will drive the dairy processing equipment market.

Key Takeaways from the Market Study

• Compared to the historical era, the dairy processing equipment market will not show any advancement in its progress rate. The market will likely continue to propagate at a CAGR of 5.5%.
• The Indian market will likely provide a broader landscape for the market, as it projects its progress at a CAGR of 4.2%, the highest among all other countries.
• Homognizer segment will likely ensure its market share reaches 23.4% by 2024.
• The rising automation is a key market growth contributor. The segment will secure 56.4% of the market space by 2024.

“The abundant availability of substitute products and the volatility of prices of the complementary goods create restraints for the dairy processing equipment market,” - Nandini Roy Choudhury, Client Partner at Future Market Insights

Competitive Landscape

Major dairy processing equipment manufacturers occupy a substantial market share, cluttering the competitive landscape. Due to this, new entrants find fewer opportunities to expand freely in the market. However, innovation and lending its special services to large-scale businesses might help them gain more market space.

Embrace Smarter Choices With Our Methodology-Derived Insights: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-937

Existing key players are known to use market expansion modes like partnerships, collaborations, mergers and acquisitions, and international expansion. These strategies uplift their market occupancy. The following key developments have been churning the market:-

• In March 2024, GEA Group strengthened its ties with Hovione. These two organizations bolstered their partnerships to introduce ConsiGma CDC flex continuous tableting technology. Moreover, the organization aimed to expand in Portugal with the help of Hovione, concreting the market position.
• In March 2024, Krones AG introduced a new membrane filtration system to its product portfolio. These systems are bought from Milkron. This will help the organization to expand its dairy production, driving its growth in the market.

Report Scope

Purchase the Report for Key Insights: https://www.futuremarketinsights.com/checkout/937

Dairy Processing Equipment Market- Key Segments

By Equipment Type:

• Thermal Treatment System
• Homogenizers
• Pasteurizers
• Dairy Centrifuges and Separators
• Evaporators and Dryers
• Filtration Systems
• Mixing and Blending Equipment
• Others

By Automation Type:

• Automatic
• Semi-automatic

By Application:

• Cheese
• Processed Milk
• Yogurt
• Protein Ingredients
• Milk Powder
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• The Middle East & Africa
  

Author by:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives. 

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

Explore FMI’s related ongoing Coverage in the Food and Beverage Domain:

• The functional beverage market size is projected to surpass a valuation of US$ 277,744 million by 2033. Our food and beverage analysts opine that functional beverage manufacturers can expect a CAGR of 5.4% through 2033.
• The global fish processing market is projected to propagate at a CAGR of 5.9% during the forecast period and is likely to gather a revenue of approximately US$ 368,460.4 million by 2033.
• In 2023, the global beverage clouding agent market is valued at US$ 1,293.5 million. The market is anticipated to reach nearly US$ 2,469.7 million by 2033, with a growing CAGR of 7.1% from 2023 to 2033.
• The net worth of the global beverage emulsion market is estimated to be US$ 526.5 million by the end of 2023. As per the beverage emulsion industry analysis report, it is expected to reach a market valuation of US$ 754 million by 2033, accelerating at a CAGR of 4.3% from 2023 to 2033.
• The beverage flavoring agent market is valued at US$ 4.5 Billion in 2022 and is projected to grow at a CAGR of 5.7% during the forecast period, to reach a value of US$ 7.8 Billion by 2032. 
• The global almond products market is expected to reach approximately US$ 15.2484 billion by 2033, with a growing CAGR of 6.3% from 2023 to 2033.
• The probiotic for men market is poised to be worth US$ 2,379.0 million in 2024, the market is inclined to expand to US$ 4,914.6 million, covering a CAGR of 7.50% through 2034.
• The global superfood market report, FMI has estimated that the industry is set to reach a net worth of US$ 183.58 billion in 2024.
• The global food grade phosphate market is witnessing staggering growth with a market valuation of US$ 3,104.8 million in 2024. 
• The cannabis drinks market is expected to value US$ 0.4 billion in 2022 and is projected to grow at a CAGR of 37.3% during the forecast period of 2022 to 2032.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube