The Global Dairy Processing Equipment Market Is Forecasted to Grow Nearly 9% Annually Through 2019
Fast Market Research announces the availability of the new TechNavio report, "Global Dairy Processing Equipment Market 2015-2019", on their comprehensive research portal
Boston, MA -- (SBWire) -- 08/18/2015 --Dairy processing equipment utilizes diary processing technologies and systems such as homogenization, blending, pasteurization, and filling for manufacturing dairy products. This equipment enables the production of pasteurized milk, cream, cheese, butter, milk powder, and other such products.
Technavio forecasts the global dairy processing market to grow at a CAGR of 8.88% over 2014-2019.
Commenting on the report, an analyst from Technavio's team said, one major trend in this market is Advances in Technology. Dairy processing has undergone rapid changes in terms of technology in the past two decades and has evolved from being a simple basic process to a more complex, diverse, and detailed operation that produces a wide variety of dairy products.
Get More Details on this Report and a Full Table of Contents at Global Dairy Processing Equipment Market 2015-2019
According to the report, one key driver of this market is Increased Demand for Dairy Products. Nowadays, people are more health conscious and this is leading to increased consumption of dairy products because they are highly nutritious. In addition, new dairy products are being introduced in the market to cater to changing consumer preferences for low fat, organic, and nutrient-fortified foods.
Further, the report states that one of the major challenges is high Production Cost. Players in the dairy processing equipment industry face high energy costs and high capital investment costs. This scenario is deterring the entry of new players into the market and affecting the profit margins of existing players. In addition, the rising price of steel, the main raw material used in manufacturing dairy processing equipment, is affecting market growth.
The key players in the Global Dairy Processing Equipment Market are Alfa Laval, Feeldmeier, GEA, Krones, SPX and Tetra Laval while other prominent vendors include A&B, C.vant Reit, Key Technologies, Farm and Ranch Depot, JBT, Marlen International, Scherjon, Paul Mueller, and IDMC.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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