[306 Pages Report] The global spray dryer sales are estimated to increase at a CAGR of 4.4% during the forecast period. The market revenue is likely to be valued at USD 4,984.6 Million in 2022, and exhibit a revenue growth of USD 7,643.3 Million by 2032.
Macroeconomic factors such as the growing rate of urbanization, growing population, changing lifestyles, as well as rising domestic income are likely to expand the spray dryer market size. However, the high cost and infrastructure of these equipment are serious challenges, restraining the advancement of the market.
On the other hand, manufacturers developing products that are energy-efficient and free from hazardous gas emissions owing to technological advances, is expected to present growth opportunities for the market.
| Attributes | Details |
|---|---|
| Spray Dryer Market Size (2022) | USD 4,984.6 Million |
| Spray Dryer Market Size (2032) | USD 7,643.3 Million |
| Spray Dryer Market CAGR | 4.4% |
High investment in technological development to refine the spray drying equipment is likely to boost the spray dryer market during the forecast period. In addition to this, the spray dryer has key applications in the food industry. For instance, it is used for encapsulation.
In emerging economies, such as India and China, government regulations to increase Foreign Direct Investments (FDI) limits for the food processing industry are effectuating the instalment of processing plants. This is anticipated to significantly contribute to the market growth.
The open cycle drying equipment comprises the largest share in the market, primarily due to its low energy consumption. Moreover, its ability to handle heat-resistive and heat-sensitive products is likely to positively impact the spray dryer market share.
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Increasing disposable income, as well as rapid changes in lifestyle, significantly fuel the growth of the spray dryer market. Moreover, the application of spray drying in the pharmaceutical industry due to precision in particle size, morphology, and stability is required, therefore raising its demand.
Spray drying technologies are used by processed food manufacturers, which expands the market size. This is owing to the growing consumption of ready-to-eat (RTE) foods that do not require any elaborate processing.
Consumers seeking frozen foods in the conventional and non-conventional foods and beverages market are expected to surge the demand for spray dryers. Furthermore, sorbitol foods rising in demand and consumption are likely to contribute to the spray dryer market growth.
The increasing demand for resins and various polymers expands the chemical industry segment. This is anticipated to propel the spray dryer market share. Additionally, spray drying increases the shelf life of food, as well as pharmaceutical products. This is expected to increase the application and expand the spray dryer market size.
The growing awareness about the nutritional content of food is expected to increase the adoption of spray dryer. Likewise, producing dried powders with high thermal efficiency in bulk quantities is increasing in demand, which requires the adoption of spray dryers.
High installation costs, as well as maintenance expenses, are likely to curb spray dryer sales. Moreover, the lack of trained engineers required to operate this equipment is expected to challenge the market growth.
Toxic gas emissions, along with high energy consumption associated with the deployment of spray dryers, are expected to considerably hamper the market growth. Additionally, attempting to develop a consumer base in several developing countries poses a major challenge for manufacturers, generating a decline tale in revenue.
Principal Consultant
The spray dryer market is likely to experience growth owing to the rise in encapsulation applications of food products. Similarly, new applications of spray dryers in the ceramic and pharmaceutical industries are expected to promote sales.
The superior mixing capabilities of spray dryers deliver a supreme efficiency of a mixed flow pattern by combining the co-current and counter-current flow techniques, which is expected to bolster the spray dryer market size. Moreover, the spray dryer market is likely to expand due to the rising need to ensure compliance with environmental and safety regulations for processing products.
Europe is the leading spray dryer market with a revenue share of 30% in 2022. This is owing to the standard manufacturing norms regarding food processing, as well as energy-efficient equipment in the food industry.
The growth of the pharmaceutical infrastructure in this region is likely to surge the demand for spray dryer. Furthermore, the presence of the large and expanding food industry, along with the massive spending capacity of the population, is expected to further expand the market size.
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North America accounts for the second largest share in the spray dryer market, with a revenue of 24% in 2022. This is attributed to the adoption of new and emerging technologies by key companies to improve efficiency and ensure the utmost quality of the product.
The high standard of living, driving high consumption levels of consumers in this region, is forecasted to boost market growth. Additionally, the large spending capacity of consumers is further anticipated to propel the market share.
The Asia Pacific is a growing spray dryer market, owing to the changing food preferences, adoption of western culture through influence, and rising disposable incomes of the population in this region.
Governments of this region are encouraging foreign investors to establish food and dairy production facilities, which is expected to propel the market share during the forecast period. Furthermore, the market experiences profit due to the rapidly growing pharmaceutical industry in this region.
Companies are aiming to drive the sales of spray dryers by expanding the product lines in the growing pharmaceutical, food, and chemical industries. Moreover, the increasing awareness about the harmfulness of preservatives in food and the changing lifestyle of consumers are rapidly increasing the sales of the spray dryer.
Start-up companies are, therefore, considering consumer demands, and through the advent of technology, they are coming up with innovative strategies to enhance the market size.
Sanovo Technology Process is one such start-up company whose “Gentle-Air box Spray Dryer” can be used on a wide range of food or feed products ranging from animal by-products to plant proteins.
The key players operating in the spray dryer market have been experimenting with technological advancements to bring about a revolution in the niche. In addition to this, compliance regarding the government regulations becomes necessary measures to receive a better hand at market penetration.
Key Market Players in the Spray Dryer Market:
Other Market Participants Of The Spray Dryer Market:
Some of the recent developments in the spray dryer market are:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.4% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2016 to 2021 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, |
| Segments covered | Type, Operation, Operating Principal, Flow Range, and Region. |
| Regional scope | North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia; Australia and New Zealand |
| Country scope | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa |
| Key companies profiled | GEA Group AG; European Spraydry Technologies Llp; Dedert Corporation; SPX Flow Technology Denmark A/S; C.E. Rogers Company; Saka Engineering Systems Private Ltd.; Tetra Pak International S.A.; Acmefil Engineering Systems Pvt. Ltd.; Changzhou Lemar Drying Engineering Co. Ltd.; BUCHI Labortechnik AG; Shandong Shungeng Drying Equipment Co. Ltd.; Acmefil Engineering Systems Pvt. Ltd.; New AVM Systech Pvt. Ltd.; Shandong Tianli Drying Technology & Equipment; Hemraj Enterprises; Swenson Technology Inc.; Yamato Scientific America Inc.; Carrier Vibrating Equipment Inc.; Freund-Vector Corporation; Advanced Drying Systems; Changzhou Lemar Drying Engineering Co. Ltd.; etc. |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The spray dryer market is likely to accumulate a CAGR of 4.4% through 2032.
Europe is the leading spray dryer market through 2032.
The spray dryer market is likely to grow to a revenue of USD 7,643.3 Million by 2032.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 5.1. Atomizer 5.1.1. Rotary 5.1.2. Nozzle 5.2. Fluidized 5.3. Centrifugal 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Mode of Operation 6.1. Batch 6.2. Continuous 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Operating Principal 7.1. Direct Drying 7.2. Indirect Drying 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type of Flow 8.1. Co-Current 8.2. Counter Current 8.3. Mixed Flow 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 9.1. Food & Beverage 9.2. Pharmaceutical 9.3. Chemical 9.4. Others 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. Asia Pacific 10.5. MEA 11. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. GEA Group AG 18.2. European Spraydry Technologies Llp 18.3. Dedert Corporation 18.4. SPX Flow Technology Denmark A/S 18.5. C.E. Rogers Company 18.6. Changzhou Lemar Drying Engineering Co. Ltd. 18.7. Buchi Labortechnik AG 18.8. Shandong Shungeng Drying Equipment Co., Ltd. 18.9. Acmefil Engineering Systems Pvt. Ltd. 18.10. New AVM Systech Pvt. Ltd. 19. Assumptions & Acronyms Used 20. Research Methodology
Industrial Automation
May 2023
REP-GB-14425
324 pages
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Spray Dryer Market
