Home Press Releases Dairy Processing Equipment Market is Expected to Grow $14.4 billion by 2028

Dairy Processing Equipment Market is Expected to Grow $14.4 billion by 2028

by Press Room

(EMAILWIRE.COM, January 04, 2024 ) The global dairy processing equipment industry, valued at USD 10.7 billion in 2023, showcases a significant growth projection, anticipated to reach to USD 14.4 billion by 2028, indicating a steady compound annual growth rate (CAGR) of 6.2% during the forecast period. The growth of the dairy processing equipment market is significantly influenced by the adoption of automation and Industry 4.0 technologies. Integrating automated systems enhances production efficiency, streamlines processes, and reduces labor costs, leading to increased overall productivity. The implementation of Industry 4.0 principles introduces smart manufacturing, data analytics, and real-time monitoring, further optimizing the dairy processing workflow. This technological evolution not only improves operational efficiency but also ensures consistent product quality, meeting the ever-growing demand for dairy products globally.

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=20762351

Simultaneously, the industry’s heightened focus on sustainable practices acts as a catalyst for market growth. Increasing environmental awareness and regulatory pressures prompt dairy processors to invest in modern, energy-efficient equipment. The shift towards sustainability aligns with consumer preferences and enhances the industry’s social responsibility, fostering innovation in equipment design and manufacturing. These dual trends of automation and sustainability contribute synergistically to the expansion of the dairy processing equipment market, addressing the evolving needs of the industry while promoting resource efficiency and responsible production practices.

The processed milk subsegment is expected to have the largest share during the forecast period.

Processed milk is poised to command the largest share in the dairy processing equipment market’s application segment, driven by various compelling factors. A fundamental contributor is the surging global demand for an array of processed milk products, encompassing pasteurized, UHT, and flavored milk. This demand surge is propelled not only by changing consumer lifestyles and preferences but also by an increasing awareness of the nutritional benefits and convenience associated with processed milk. Additionally, factors such as the burgeoning trend of health-conscious consumption, diverse product innovations in the dairy industry, and the globalization of food preferences contribute significantly to the dominance of processed milk. Dairy processors strategically invest in advanced processing equipment to not only meet this heightened demand efficiently but also to stay abreast of evolving quality standards and compliance requirements. The adaptability of dairy processing equipment proves instrumental in catering to this dynamic landscape, reinforcing its pivotal role in the flourishing dairy industry.

By mode of operation, automation holds the largest share of the dairy processing equipment market in 2023.

Automation offers unparalleled advantages, including enhanced production efficiency, precision in processing, and significant labor cost reductions. The increasing emphasis on stringent quality control and adherence to hygiene standards, especially in the wake of global health concerns, propels the adoption of automated dairy processing equipment. Additionally, advancements in technology, such as the integration of the Internet of Things (IoT) and artificial intelligence, contribute to the widespread adoption of automated systems. The need for seamless, error-free operations, improved traceability, and data-driven decision-making further underscore the significance of automated modes of operation in the dairy processing equipment market, making it the preferred choice for dairy processors seeking efficiency, reliability, and compliance with evolving industry standards.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=20762351

India is expected to account for the largest market share in 2023.

India’s prominence as the highest global milk producer, contributing 24% of the total milk production in 2021–22, positions it as a key player in the dairy processing equipment market. The remarkable 61% increase in milk production since 2015 underscores the sector’s robust growth. The top five milk-producing states, including Rajasthan, Uttar Pradesh, Madhya Pradesh, Gujarat, and Andhra Pradesh, collectively contribute over half of the country’s total milk production. India’s strategic position is further emphasized by its significant dairy product exports, reaching 67,572.99 MT worth USD 284.6 million in 2022-23, as per Invest India.

The burgeoning dairy industry demands substantial infrastructure investment, covering processing, chilling, logistics, and cattle feed. With lucrative opportunities in value-added dairy products, organic/farm-fresh milk, and exports, the Indian government encourages growth through initiatives like the Animal Husbandry Infrastructure Development Fund (AHIDF). This flagship scheme, offering a substantial fund around USD 19.1 million, provides financial support for establishing or expanding dairy processing units, emphasizing the importance of robust infrastructure. The scheme’s benefits, including a 3% interest subvention, a 2-year moratorium, and a credit guarantee of around USD 0.9 million, attract investments and solidify India’s leading position in the global dairy processing equipment market.

Major players operating in the dairy processing equipment market are GEA Group Aktiengesellschaft (Germany), SPX Flow (US), Tetra Laval (Switzerland), ALFA LAVAL (Sweden), JBT (US), Bucher Industries AG (Switzerland), Krones AG (Germany), and The Middleby Corporation (US).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Source link

You may also like

About Us

Arab Africana™ publishes and aggregates business, socio-economic, Tech and industrial news on Arab countries in Africa.


We provide press release distribution to media in Africa including Arab countries, the Arab world and the GCC/MENA regions. To submit a press release for distribution, contact us today.

Trending Now


    ArabAfricana logo-white

    Arab Africana is part of GroupWeb Media Network. ©  2024 GroupWeb Media LLC