The latest report published by Fortune business insights, titled "Dairy Processing Equipment Market Report 2024 " - Market Size, Trends, And Global Forecast 2024-2032 , delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends. As per the report, the dairy processing equipment industry size has grown strongly in recent years.
Dairy Processing Equipment Market Size, Share & COVID-19 Impact Analysis, By Type (Pasteurizers, Homogenizers, Separators, Evaporators & Drying Equipment, Membrane Filtration Equipment & Others), By Application (Processed Milk, Cream, Milk Powders, Cheese, Protein Ingredient & Others) and Regional Forecast, 2020-2032
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Market attributes:
- The Dairy Processing Equipment Market was valued at USD 9.48 billion in 2019.
- It is projected to expand at a CAGR of 5.4% between 2019 and 2032.
- By 2032, the market value is expected to reach USD 18.73 billion.
Leading Companies:
The major players in the market prioritize strategic acquisitions to enhance their R&D capabilities and secure a competitive advantage, allowing them to provide innovative products to their customers. Here are some of the top companies in the dairy processing equipment industry:
- GEA Group Aktiengesellschaft (Germany)
- JBT Corporation (United States)
- SPX Flow Inc. (United States)
- Alfa Laval (Sweden)
- Krones AG (Germany)
- Paul Mueller Company (United States)
- Tetra Pak International SA (Switzerland)
- IMA Group (Italy)
- Feldmeier Equipment INC. (United States)
- Scherjon Dairy Equipment Holland B.V. (The Netherlands)
- Caloris Engineering LLC (United States)
Regional analysis:
- North America (the U.S. and Canada)
- Europe (U.K., Germany, France, Italy, the Netherlands and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia and Rest of Asia Pacific)
- Middle East & Africa (South Africa, GCC and the Rest of the Middle East & Africa)
- Latin America (Brazil, Mexico, and Rest of Latin America)
Key industry developments:
- April 2019: Caloris Engineering LLC announced acquisition of Seitz Stainless, which is an equipment fabricator. This was a strategic decision made by the company to add in-house manufacturing of its products.
- October 2018: • Krones AG acquired Sprinkman US-based processing equipment manufacture. Sprinkman specializes in the dairy and brewing industry, thus resulting in enhancement of Krones AG product portfolio in North America.
FAQ’s:
- What is the current size and growth rate of the Dairy Processing Equipment Market market?
- What factors are fueling demand for the Dairy Processing Equipment Market?
- Who are the leading competitors in the dairy processing equipment industry?
- What is the market share of each major player?
- How are consumer preferences and behaviors influencing the dairy processing equipment industry?
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