PORTLAND, Oregon, October 8, 2018 /PRNewswire/ --
According to a new report published by Allied Market Research, titled, "Global Dairy Processing Equipment Market by Type, and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025", the growth of this market is attributed to the increase in demand for consumption of dairy products and technological advancements in the dairy processing equipment. The dairy processing equipment industry is expected to grow at a robust pace during the forecast period.
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Milk is a valued nutritious food that has a short shelf-life and thus, needs careful handling. Milk is extremely perishable since it is an excellent medium for the growth of microbes, predominantly bacterial pathogens that can spoil it and cause diseases in consumers. According to the Food and Agriculture Organization of the U.S., in the last three decades, global milk production has increased by more than 50%, from 500 million tons in 1983 to 769 million tons in 2013. This growth in milk production encourages the usage of dairy processing equipment. Various equipment are used for processing milk that help preserve the milk for days, weeks, or even months, and thereby, reduce food-borne disease. The shelf life of milk can be extended for several days through various techniques using processing equipment such as homogenizers, separators, dryers, membrane filters, pasteurizers, churning equipment, & others.
Consumers have become more health conscious and seek healthy products with low fat, low cholesterol, low sugar, and new flavors. This rise in health awareness among people fuels the consumption of processed dairy products, which encourages the growth of the global dairy processing equipment. The emergence of high-income urban population group in the emerging economies such as China and India, prefer processed milk and milk products over raw milk, which creates the need for dairy processing equipment. Moreover, adoption of efficiency-enhancing technologies and increase in automation provided by processing equipment, further supplements the market growth.
According to Shankar Bhandalkar, Senior Research Analyst, Consumer Goods at Allied Market Research, "Rise in consumption and production of dairy products coupled with increase in the usage of automation process for production are anticipated to drive the dairy processing equipment market."
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In 2017, pasteurizers emerged as the largest equipment type and is expected to continue the trend during the forecast period owing to its various uses. Pasteurization is the first step in milk processing. It is a heat treatment procedure that extends the shelf life of milk and reduces the pathogenic microbes to a minimum level that prevents them from posing as a health hazard. In developed markets, consumer demand for fortified dairy products such as whey-based products and milk protein dairy products is on the rise. Thus, the market for dryer equipment is growing at a higher pace.
In 2017, the Asia-Pacific region accounted for the largest market for dairy processing equipment in the world. India is the largest producer of milk in the world. Hence, the market for pasteurizers and homogenizers has been consistently rising in the Indian dairy processing equipment market. Europe was the second-largest market for dairy processing equipment in 2017. Moreover, the abolishment of milk quota in March 2015, boosted the production and processing capacity of dairy products in Europe, which in turn is expected to fuel the dairy processing equipment market.
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SOURCE Allied Market Research