Everyone enjoys dairy products, whether cheese, yogurt, or processed milk. The production of these products might be fueled as the dairy processing equipment market growth will occur moderately at a CAGR of 5.5% through 2034, reaching USD 18.3 billion. This progress will lift the dairy processing equipment market size to USD 10.7 billion by 2024.
| Attributes | Key Insights |
|---|---|
| Estimated Market Size in 2024 | USD 10.7 billion |
| Projected Market Value in 2034 | USD 18.3 billion |
| Value-based CAGR from 2024 to 2034 | 5.5% |
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The dairy processing equipment market growth occurred at a CAGR of 5.5%. This poised advancement changed the dairy processing equipment market size from USD 8.2 billion in 2019 to USD 10.7 billion in 2024.
The historical period encouraged dairy product consumption, which was the primary driver supporting the dairy processing equipment market growth.
Innovation fostered by major dairy processing equipment manufacturers availed multiple choices for consumers. Due to this, a steady enlargement in the dairy processing equipment market size was observed.
| Historical CAGR from 2019 to 2023 | 5.5% |
|---|---|
| Forecast CAGR from 2024 to 2034 | 5.5% |
Technological evolution and rapidly changing processing techniques vastly drive the market. The forecasted period will produce a wider landscape for major dairy processing equipment manufacturers through product innovation.
The growing per capita income increases the demand for premium products. As a result, this will drive the dairy processing equipment market growth due to the growing market functioning verticals.
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Major dairy processing equipment manufacturers innovate their processes in Europe, which augments market verticals. But, lower requirements for dairy products project sluggish market growth in the region.
Large markets in North America provide lucrative growth prospects to the said market. The developed technological infrastructure assists the dairy processing equipment market growth.
Asia-Pacific is another emerging region that enlarges the dairy processing equipment market size.
Forecast CAGRs from 2024 to 2034
| Countries | Forecasted CAGR |
|---|---|
| Germany | 1.2% |
| The United Kingdom | 1.9% |
| The United States of America | 2.1% |
| China | 3.2% |
| India | 4.2% |
Germany's dairy processing equipment market growth will be sluggish at 1.2% through 2034.
The growing animal welfare concerns are driving German consumers toward plant-based dairy products. This pushes major dairy processing equipment manufacturers to innovate to meet these requirements.
Catering to these demands, manufacturers emphasize plant-based production, including oat-based products and almond milk, enlarging the dairy processing equipment market size.
The United Kingdom’s dairy processing equipment market size will inflate at a slow-paced CAGR of 1.9%.
The government focuses on maintaining a circular economy, which deals with waste reduction processes. These practices are absorbed by major dairy processing equipment manufacturers, creating investment opportunities for consumers.
Apart from this, by-products generated during the process can be reused, optimizing the production cost and supporting the dairy processing equipment market growth.
The growing technological infrastructure enhances the production capacity of major dairy processing equipment manufacturers. Also, automation has become a key factor in the production units.
Cost minimization, profit maximization, and error reduction fuel efficiency, thereby supporting the dairy processing equipment market growth. Due to this, the United States projects the dairy processing equipment market growth at 2.1% CAGR through 2034.
The growing urbanization rate in China is fueling the changing lifestyles. Due to this, the Chinese consumers are preferring convenience food items.
Dairy products might become an integral part of the convenience food segment. The easy availability, relatively lower prices, and negligible side effects drive their demand. Hence, these factors fuel the dairy processing equipment market size growth at a CAGR of 3.2%.
The Indian dairy processing equipment market will likely be the fastest growing, projecting its advancement at a CAGR of 4.2%. The Indian dairy processing equipment market will shift to modern dairy practices.
Integrating cutting-edge technology into traditional processes will drastically lift the dairy processing equipment market size. Also, lucrative investment opportunities will be created due to the emergence of modernized equipment, enhancing the scope for innovation.
Homogenizers enhance the product quality and shelf-life. Hence, it is a preferred equipment, controlling most of the market share.
Furthermore, automatic machinery not only reduces production costs but also helps organizations optimize their production. Therefore, it is a widely governing segment.
| Category | Equipment Type - Homogenizers |
|---|---|
| Market Share in 2024 | 23.4% |
| Market Segment Drivers | The shelf life of dairy products increases due to homogenizers., Uniform color and texture can be provided to milk compounds., Hence, this market segment demands more due to the increasing dairy processing equipment market size. |
| Category | Automation Type - Automatic |
|---|---|
| Market Share in 2024 | 56.4% |
| Market Segment Drivers | Due to the fully automated processing equipment, the reliability of the product quality is enhanced., Flexibility in production enhances, increasing demand from major dairy processing equipment manufacturers., Organizations can gain better control over production, driving segment demand and fueling the dairy processing equipment market growth. |
The competitive landscape of the dairy processing equipment market contains many large-scale organizations. The market space is highly cluttered. Due to the excessive competitive force, investment opportunities in major dairy processing equipment manufacturers might be reduced. This is a key opportunity for new entrants.
They can enter the market by differentiating their product portfolio. Innovation might be a key to their problems. However, key players hold a substantial market share, which drives the dairy processing equipment market growth. Acquisitions, partnerships, mergers, and collaborations are key strategies that enhance market growth.
Key Market Developments
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 10.7 billion |
| Projected Market Valuation in 2034 | USD 18.3 billion |
| Value-based CAGR 2024 to 2034 | 5.5% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD billion |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
| Key Market Segments Covered | Equipment Type, Automation Type, Application, Region |
| Key Countries Profiled |
The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Companies Profiled | GEA Group; Krones AG; Tetra Pak International; IDMC Limited; SPX Corporation; Van Den Heuvel; John Bean Technologies Corporation; Alfa Laval Corporation; ISF Industries; Agrometal Limited; Coperion GmbH; Caloris Engineering LLC; Dui Ci Inox; IMA Industria Machine Automatiche SPA; Patkol Public Company Limited |
The dairy processing equipment market is estimated to progress at a CAGR of 5.5% through 2034.
The dairy processing equipment market will likely reach USD 18.3 billion by 2034.
The dairy processing equipment market will attain a market size of USD 10.7 billion in 2024.
The dairy processing equipment market's homogenizer segment will hold 23.4% of the market share in 2024.
The dairy processing equipment market's automatic segment will secure 56.4% of the market space in 2024.
| Market Size, 2023 | USD 164,058 million |
|---|---|
| Market Size, 2033 | USD 277,744 million |
| Value CAGR (2023 to 2033) | 5.4% |
| Market Value (2023) | USD 213,619.7 million |
|---|---|
| Market Anticipated Forecast Value (2033) | USD 368,460.4 million |
| Market Projected Growth Rate (2023 to 2033) | 5.9% |
| Market Estimated Size (2023E) | USD 7.7 Billion |
|---|---|
| Projected Market Valuation (2033F) | USD 12.8 Billion |
| Value-based CAGR (2023 to 2033) | 4.9% |
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