Report: Dairy processing equipment market expected high growth by 2025
In 2017, the Asia-Pacific region accounted for the largest market for dairy processing equipment in the world.
The dairy processing equipment industry is expected to grow at a robust pace through 2025, according to a report released by Allied Market Research, Portland, Ore.
The study, "Global Dairy Processing Equipment Market by Type, and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025," reveals 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.
Furthermore, consumers have become more health conscious and seek healthy products with low fat, low cholesterol, low sugar and new flavors. Plus, the emergence of high-income urban population 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.
"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," says Shankar Bhandalkar, senior research analyst, consumer goods.
In 2017, pasteurizers emerged as the largest equipment type, and are still expected to continue the trend during the forecast period. Pasteurization is the first step in milk processing.
In 2017, the Asia-Pacific region accounted for the largest market for dairy processing equipment in the world, with India being the largest producer of milk in the world. Europe was the second-largest market for dairy processing equipment in 2017.