Dairy Processing Equipment Market Consumption Will Beat 800 Thousand Units from 2018 to 2024
SELLBYVILLE, Del., July 23, 2018 /PRNewswire-iReach/ -- The world Dairy Processing Equipment Market revenue is set to exceed USD 13 billion by 2024; according to a new research report by Global Market Insights, Inc. Rising importance of milk as a main source of complete nutrition containing minerals, high quality protein, calcium and fats mainly for children and geriatric population will drive dairy processing equipment market size. Availability of milk products fortified with essential nutrients supported by development of low sugar and low-fat milk goods may have positive influence on product demand.
Shifting trends towards adopting totally integrated automation systems in dairy processing industry supported by accessibility of easy financial support through investments in this sector may favour product demand. Technological innovations including manufacturing execution systems (MES) for traceability and process efficiency in the existing capabilities may contribute towards dairy processing equipment market growth.
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Changes in dietary patterns are likely to promote consumption of processed milk products including yogurt, cream and cheese will stimulate product demand. Growth in restaurant and hoteling industry along with product innovation in food & beverage sector has generated high economies of scale for milk products, thus propelling dairy processing equipment demand.
U.S. pasteurizer equipment market size may surpass to 35 thousand units by 2024. Growing demand for protein rich cheese as a protein-based snack among health-conscious consumers supported by increasing cheese production may foster regional industry growth. Product innovations with different flavour and additional nutritional enhancement will stimulate dairy processing equipment demand.
High infrastructure and set up cost accompanied by maintenance issues surging the overall cost will limit industry growth, thereby affecting dairy processing equipment market price trend. Milk products processing plants generates high amount of waste which needs specially designed sustainable management process, thereby accounting for additional cost which may negatively impact industry profitability.
Browse key industry insights spread across 275 pages with 194 market data tables & 46 figures & charts from the report, "Dairy Processing Equipment Market" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/dairy-processing-equipment-market
China membrane filtration equipment market size may exceed to USD 90 million by 2024. Stringent regulatory policies by Ministry of Agriculture (MOA) to ensure better control on safety and quality of the milk products has led to use of various filtration equipment like ultra and Nano filtration systems which is likely to propel dairy processing equipment industry growth. Membrane filtration equipment helps in reducing contamination and separate solid particulate impurities, thus enhancing product shelf life.
Dairy processing equipment from milk powder application may account for over 3.5%. Rising demand for milk powder owing to high stability, increased shelf life supported by growing usage in bakery and confectionery is likely to surge product demand in this application. Increase in convenience food demand owing to growth in working demographics may act as another contributing factor towards market growth.
Dairy processing equipment market from processed milk may exceed to USD 5 million by 2024. Easy accessibility through effective distribution network supported by rising income levels are driving processed milk demand. Dairy processing equipment helps in enhancing quality and increase product lifespan which makes it easy to store and transport.
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Global dairy processing equipment market share is consolidated and competitive. Key industry participants include Krones Group, IDMC, GEA group, SPX Corp, Alfa Laval, A&B Processing, ISF Industries and Tetra Laval.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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