The global dairy machines market is estimated to growth at a CAGR of around 6% to 7% during the forecast period 2022-2032. The processing machine is expected to emerge as a highly remunerative segment, accounting for sales of more than US$ 10 Bn by 2022. The segment is anticipated to surpass a valuation of US$ 15 Bn by the end of 2032, projecting growth at a CAGR of 5% to 6% between 2022 and 2032.
Dairy machines comprise of all machinery used in various processes such as extraction, processing, preservation, storage, packaging, transport, and sale of dairy products. These machines are used across the overall value chain in the dairy industry, from production to sales.
What are the Prominent Drivers Creating Growth Prospects in the Dairy Machines Market
Dairy machines are finding a wide range of applications across the sector, owing to their ability to improve the quality of the dairy products, decline the overall cost of operation, and reduce the operational time, thereby, decreasing the wastage.
These machines are used in the production and processing of dairy and dairy products including equipment, such as milk extraction machines, pasteurizers, evaporators, separators, dryers, filtration machines, and others. Thus, the rapid expansion of the dairy industry and growing demand for dairy & dairy products such as flavored milk, ice cream, smoothies, shakes, and others are estimated to bolster the sales of dairy machines in the global market.
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What are the Factors Impeding the Sales of Dairy Machines in the Global Market
Over the past few years, the prevalence of intolerances and allergies related to the consumption of food and dairy products is growing at a rapid pace, resulting in shifting consumer preference toward dairy alternatives such as soy milk, almond milk, hazelnut milk, and others. This is estimated to hinder the sales in the global market.
In addition to this, rising vegan population across the countries such as the U.S., the U.K., Italy, India, Germany, and others is further declining the consumption of dairy products, thereby, dampening the sales of dairy machines in the market.
Why is Asia Pacific Excluding Japan Emerging at Most Lucrative Dairy Machines Market
Asia Pacific excluding Japan is projected to account for the dominant share in the global dairy machines market between 2022 and 2032, as per Future Market Insights.
Due to the growing demand for milk and milk-based products, a significant rise in the export of dairy & dairy products is being witnessed across numerous countries. For instance, according to the Agriculture & Processed Food Products Export Development Authority, around 46,750 MT of dairy products were exported from India between 2020 and 2021.
Governments in several countries are focusing on increasing the export of dairy & dairy products and are launching process automation initiatives to expand their dairy production. This is estimated to augment the sales of dairy machines in the Asia Pacific excluding Japan market.
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How is Western Europe Contributing to the Growth of the Dairy Machines Market
FMI states that Western Europe is anticipated to exhibit rapid growth in the global dairy machines market during the forecast period 2022-2032.
As the trend of industrial process automation continues to create deeper inroads across Europe, numerous dairy product manufacturers are aiming at adopting innovative automation machines to increase their production capacity and product quality. Citing this trend, a number of players in the market are focusing on collaboration, agreement, and acquisition to increase their market share.
For instance, in 2021, GEA Group AG, a German manufacturer of industrial equipment announced entering into an agreement with Denshaw’s Dairy Foods Pvt. Ltd., an Indian ice cream manufacturer, to deliver a new skimming separator which can process around 20,000 liters of milk per hour. A slew of such development is estimated to favor the growth in the Europe market.
Market Competition
Some of the leading players in the dairy machines market profiled by FMI are Tetra Laval International S.A., Alfa Laval, Lekkerkerker Dairy & Food Equipment, Scherjon Equipment Holland B.V., Waikato Milking Systems, Van den Heuvel Dairy & Food Equipment, SPX Corporation, A&B Process Systems, and others.
The market for dairy machines is highly competitive, attributed to the adoption of strategies such as new product launch, merger, agreement, collaboration, and acquisition by key companies.
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Report Scope
Report Attribute
Details
Growth Rate
CAGR of 6% to 7% from 2022 to 2032
Base Year for Estimation
2021
Historical Data
2015-2020
Forecast Period
2022-2032
Quantitative Units
Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032
Report Coverage
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered
Type
Sector Type
End User
Region
Countries Covered
North America
Latin America
Western Europe
CIS & Russia
APEJ
Japan
Middle East and Africa
Key Companies Profiled
Tetra Laval International S.A.
Alfa Laval
Lekkerkerker Dairy & Food Equipment
Scherjon Equipment Holland B.V.
Waikato Milking Systems
Van den Heuvel Dairy & Food Equipment
SPX Corporation
A&B Process Systems
Others
Customization
Available Upon Request
Key Segments Profiled in the Dairy Machines Market Survey
By Type:
Production Machines
Processing Machines
Packaging Machines
Storage & Transport Machines
Point of Sale Machines
By Sector Type:
Organized Dairy Sector
Unorganized Dairy Sector
By End User:
Small & Medium Dairy Farmers & Processors
Large Dairy Farmers & Processors
Retail
By Region:
North America
Latin America
Western Europe
CIS & Russia
APEJ
Japan
Middle East and Africa
Frequently Asked Questions
FMI projects the sales of dairy machines in the market is expected to rise at 6% to 7% value CAGR by 2032
The global dairy machines market is expected to be dominated by Asia Pacific excluding Japan over forecast period 2022-2032.
Tetra Laval International S.A., Alfa Laval, Lekkerkerker Dairy & Food Equipment, Scherjon Equipment Holland B.V., Waikato Milking Systems, Van den Heuvel Dairy & Food Equipment, SPX Corporation, A&B Process Systems, others are some of the leading players in the prominent dairy machines market.
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