Dairy Processing Equipment Market to witness growth of $ 13 Bn By 2024

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Dairy Processing Equipment Market Worth 13 Bn
by 2024 Global Market Insights Inc.
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Key Insights from Dairy Processing Equipment
Market

• Dairy Processing Equipment Market size was over
  USD 9.15 billion in 2017 and industry expects
  consumption of above 800 thousand units by 2024.
• Increase in inclusion of milk products in daily
  dietary routine due to high nutritive value will
  drive the market size. Change in dietary patterns
  and demographic shifts has led to high
  consumption of cheese, cream and yogurt may boost
  product demand.
• Increase in development of varied products to
  meet consumer taste, health needs and
  specification along with balancing the nutritive
  value and cost. Adoption of automation in dairy
  processing to reduce contamination cost,
  increase efficiency along with meet required
  quality standards may favour industry growth.
• Government initiatives supported by monetary
  assistance through subsidies for milk processing
  industry to promote milk goods consumption to
  provide nutrition resulted in high investments in
  technology innovation..

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Continued...

• Rising penetration of young generation
  accompanied by increase in consumption of fast
  food has led to rise in demand for cheese mainly
  in the U.S. Cheese making vats, vertical cheese
  press, and steam stretching machines are also
  used in production. The U.S. is the largest
  producer of cheese in the world, producing over
  11 billion pounds. Growth in novel milk-based
  product formulations fortified with additional
  nutrition will have positive influence on dairy
  processing equipment demand.
• Huge investments in infrastructure, installation
  and maintenance may challenge industry
  profitability, thereby negatively impacting dairy
  processing equipment market price trend.
• Global dairy processing equipment market share is
  competitive and fragmented with major players
  five companies including, GEA Group, The Krones
  Group, Tetra Laval International, AB Processing
  and Alfa Laval Corp. Other key market players
  include IDMC, Feldmeier Equipment, SPX Corp., ISF
  Industries, and Agrometal Ltd.

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U.S. Dairy Processing Equipment Market Size, By
Product, 2017 2024, (Units)

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