Source: Global Industry Analysts, Inc.
A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Dairy Processing Equipment – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 17; Released: April 2021
Executive Pool: 1287
Companies: 136 – Players covered include Alfa Laval AB; Coperion GmbH; Feldmeier Equipment Inc.; GEA Group AG; IDMC Limited; Industria Macchine Automatiche SpA (IMA); JBT Corporation; Krones AG; Scherjon Dairy Equipment Holland BV; SPX Flow, Inc.; Tetra Laval International SA; Van Den Heuvel Dairy & Food Equipment and Others.
Coverage: All major geographies and key segments
Segments: Type (Pasteurizers; Homogenizers, Mixers, & Blenders; Separators; Evaporators & Dryers; Membrane Filtration Equipment; and Other Types); Application (Processed Milk, Fresh Dairy Products, Butter & Buttermilk, Cheese, Milk Powder, and Protein Ingredients)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Dairy Processing Equipment Market to Reach $11 Billion by 2026
Amid the COVID-19 crisis, the global market for Dairy Processing Equipment estimated at US$8.7 Billion in the year 2020, is projected to reach a revised size of US$11 Billion by 2026, growing at a CAGR of 3.8% over the analysis period. Pasteurizers, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach US$3.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Homogenizers, Mixers, & Blenders segment is readjusted to a revised 4.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.4 Billion in 2021, While China is Forecast to Reach $2.3 Billion by 2026
The Dairy Processing Equipment market in the U.S. is estimated at US$2.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.3 Billion by the year 2026 trailing a CAGR of 6.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 2.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.
Separators Segment to Reach US$2.3 Billion by the year 2026
In the global Separators segment, USA, Canada, Japan, China and Europe will drive the 3.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.4 Billion in the year 2020 will reach a projected size of US$1.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.