Pune, India -- (SBWIRE) -- 03/21/2019 -- The Dairy Processing Equipment Market's segment market shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates. Each segment represented visually with supporting reasons to justify the growth rates. IGR's report also covers drivers and restraints in the dairy processing equipment market.

Infinium Global Research's report covers the annual growth of the Global dairy processing equipment market. It also includes chapters on the Global dairy processing equipment industry trends, geographic analysis, and competitive landscape.

The report also includes a SWOT analysis to present the indicators of strength, weakness, prospects, and risk of the market until the completion of the projection period in 2024.

Dairy Processing Equipment Market: Industry Insights

Dairy processing equipment are equipment used for processing of milk to produce several milk products such as cream, cheese and butter. Processing equipment are used for pasteurizing, blending, homogenizing, filling in a dairy industry. The dairy processing equipment include homogenizers, pasteurizers, blenders, fillers, dryers, evaporators and several others. This equipment are used to efficiently and profitably produce a wide range of milk products.

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Dairy Processing Equipment Market: Drivers and Restraints

The growing consumer inclination towards processed dairy products such as cheese and butter acts as a major driving factor for the growth of the dairy processing equipment market. In addition, the rising awareness of the benefits of dairy food products in the minds of customers is contributing to the growing demand for milk and milk products. Dairy equipment such as storage tanks, mixers, evaporators, and several others improves the productivity of the operation and functions in dairy industries. However, the increasing adoption of vegan diets among millennial consumers can negatively affect the dairy processing equipment market. Furthermore, the increasing demand for new flavored dairy products is expected to bring growth opportunity for the manufactures of dairy equipment.

Dairy Processing Equipment Market: Segmentation

The report on the global dairy processing equipment market is segmented into type and application. By type, the market is segmented evaporators & dryers, separators, homogenizers, membrane filtration equipment, pasteurizer, and other equipment. Among the types, pasteurizer holds a significant share in the dairy processing equipment market owing to the growing demand for food safety and quality among consumers and also as it ensures better performance during pasteurization. By application, the market is segmented into protein concentrates, milk powder, cream, protein concentrates, yogurt, cheese, and others. Among the applications, cheese is anticipated to dominate the global dairy processing equipment market owing to the growing demand for convenience foods and increased consumption of fast foods such as burgers, pizzas, pasta, and several others.

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Dairy Processing Equipment Market: Regional Insight

The Asia Pacific holds the largest share in the dairy processing equipment market. The growth of urbanization in the Asia Pacific regions has increased the number of milk dairies in towns and cities. In addition, countries such as China and India are among the largest manufacturers and consumers of milk and milk products that add to the growth of the dairy processing equipment market. North America holds the second largest share in the global dairy processing equipment market owing to the rising demand for processed and packaged milk and milk products.

Dairy Processing Equipment Market: Competitive Analysis

The dairy processing equipment market is a highly fragmented market. The prominent players in the market are SPX CORPORATION, GEA Group Aktiengesellschaft, Krones AG, ALFA LAVAL, Tetra Laval International S.A., Feldmeir Equipment, Inc, IDMC Limited, Scherjon Equipment Holland B.V., Agrometal Ltd., and Automated Dairy Systems. Mergers & Acquisitions are the key parameters to remain competitive and to gain greater market share. In October 2018, German packaging and bottling machine manufacturer Krones AG has acquired the US-based processing equipment company Sprinkman. Krones said, "By acquiring Sprinkman, Krones and its other recent acquisitions are focusing on enhancing the capabilities of the 'House of Krones' product portfolio in North America, ranging from process technology solutions and bottling and packaging equipment to intralogistics, IT solutions, plastics recycling, and entire lifecycle service support.

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