Dairy Processing -March/April 2022 - 54

EQUIPMENT
Dairy processing equipment market to reach $11.9 billion
With the dairy industry continuing
to expand on a global scale,
the dairy processing equipment
market is expected to reach $11.9
billion by 2026, as detailed in a
new report from ResearchandMarkets.com.
In
2020, the global dairy projectory
& Analytics, "
explains
that increasing consumption of
dairy products is projected to
drive the growth. Plus, solutions
within dairy processing are expected
to push productivity in
the years ahead.
The
rising
cessing equipment market was
estimated at $8.8 billion. It will
grow by more than $3 billion by
2026, based on a CAGR of 5.3%
over the analysis period.
In the US, the market was estimated
at $1.9 Billion in 2021. China
is forecast to reach $2.8 Billion
by 2026. The report stated
that the US currently accounts
for a 20.98% share in the global
market.
The new ResearchandMarkets.
com report, " Dairy Processing
Equipment - Global Market Tra54
MAR-APR 2022 | DAIRYPROCESSING.COM
popularity
of
low-sugar, low-fat and cholesterol-free
dairy products, as well as
organic innovations, also favors
market growth, per the report.
The analysis found that the
pasteurizers portion of the market
is projected to grow at a
6.2% CAGR to reach $3.5 billion
by the end of 2026. Advancements
in the dairy industry involving
energy-efficient pasteurizers,
the report stated, are just
part of the equation. The pandemic
also led more consumers
to be concerned with the safety
and hygiene of dairy products,
the report found, and those factors
also benefit the pasteurizers
segment.
A recent survey showed that
71% of dairy processors plan to
invest in equipment systems improvements
in 2022.
" There's a focus on the future
and growth and expansion, " said
Michael Dykes, DVM, president
and chief operating officer, International
Dairy Foods Association.
" People are investing
in this industry; there's over $2
billion of capital investments on
the books for new facilities, upgrading
of the existing facilities
and capital expenditures for new
equipment. "
-Benton Smith,
bsmith@sosland.com

http://www.Markets.com http://www.DAIRYPROCESSING.COM

Dairy Processing -March/April 2022

Table of Contents for the Digital Edition of Dairy Processing -March/April 2022

Dairy Processing -March/April 2022 - Intro
Dairy Processing -March/April 2022 - 1
Dairy Processing -March/April 2022 - 2
Dairy Processing -March/April 2022 - 3
Dairy Processing -March/April 2022 - 4
Dairy Processing -March/April 2022 - 5
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