Global Dairy Processing Equipment Market 2015-2019
About Dairy Processing Equipment
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.
Covered in this Report
The report includes the present scenario and the growth prospects of the global dairy processing equipment for 2015-2019. To calculate the market size, the report considers revenue generated through sales of dairy processing equipment for various applications in the market.
Technavio's report, Global Dairy processing Equipment Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the global dairy processing equipment market and its growth prospects in the coming years. It also lists the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Dairy Processing Equipment Market 2015-2019.
Technavio recognizes the following companies as the key players in the Global Dairy Processing Equipment Market: Alfa Laval, Feeldmeier, GEA, Krones, SPX and Tetra Laval
Other Prominent Vendors in the market are: A&B, C.vant Reit, Key Technologies, Farm and Ranch Depot, JBT, Marlen International, Scherjon, Paul Mueller, and IDMC.
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.
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.
Alfa Laval, Feeldmeier, GEA, Krones, SPX, Tetra Laval, A&B, C.vant Reit, Key Technologies, Farm and Ranch Depot, JBT, Marlen International, Scherjon, Paul Mueller, IDMC
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