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Dairy Processing Equipment Market size was valued at USD 8.87 billion in 2019 and is poised to grow from USD 9.4 billion in 2023 to USD 15 billion by 2031, growing at a CAGR of 6% in the forecast period (2024-2031).

Due to the numerous regional and international businesses that are present and provide a variety of dairy processing equipment goods while vying to preserve their dominant market share, the dairy processing equipment market is highly competitive and fragmented. Key players include Alfa Laval, JBT, IDMC Limited, SPX Flow Inc and Tetra Laval Group. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. 'GEA Group AG', 'Tetra Laval International S.A.', 'SPX Flow Inc.', 'Alfa Laval AB', 'Krones AG', 'JBT Corporation', 'Feldmeier Equipment Inc.', 'IDMC Limited', 'Scherjon Dairy Equipment Holland B.V.', 'Paul Mueller Company', 'Admix Inc.', 'A&B Process Systems Corporation', 'Van den Heuvel Dairy & Food Equipment B.V.', 'Dairy Tech Inc.', 'Agrometal Ltda.', 'Arbel-Dea Mexico', 'SSP Pvt Limited', 'VRE Systems BV', 'The Kieselmann Group'

With rising birth rates throughout the world, it is expected that demand for milk and milk-based products would increase. Processed milk, milk powder, and protein concentrates are used in cereals, baby meals, and infant formulae because of their high nutrient content. They supply a range of proteins, vitamins, and minerals that are good for the overall growth of babies. Growing worries about newborn health and wellness will lead to an increase in the use of infant formula, which will fuel market expansion.

Automation to Drive the Manufacturing Industry: Modern automation solutions are created to make sure that every step of the production of milk and dairy products complies with technology. The competitiveness of the dairy processing sector is greatly influenced by the level of automation, manufacturing efficiency, effective cleaning, sanitary design, and, ultimately, food safety. 

Asia Pacific dominated the dairy processing equipment market in 2022 and is expected to grow at a high CAGR during the forecast period. Favorable government policies are in place in Japan and Korea to assist the expansion and advancement of the dairy sectors. In Asia Pacific, flavoured milk has also been receiving widespread attention. The world's largest producer of milk is India. As a result, demand for pasteurizers and homogenizers has been growing steadily in the Indian market for dairy processing equipment. Throughout the projected period, it is anticipated that dairy consumption in China would continue to expand rapidly. Chinese dairy consumption will increase by almost 25%, from 55 million tonnes of liquid milk in 2021 to 71 million tonnes by 2030.

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Global Dairy Processing Equipment Market

Product ID: SQSG20I2027