乳製品加工機械市場 : 2028年までの世界予測

出版:MarketsandMarkets(マーケッツアンドマーケッツ) 出版年月:2023年12月

Dairy Processing Equipment Market – Global Forecast to 2028

乳製品加工機械市場 : タイプ (殺菌装置、ホモジナイザー、ミキサー&ブレンダー、分離装置、蒸発装置、乾燥機、膜濾過装置)、動作モード (自動&半自動)、用途、地域別 – 2028年までの世界予測
Dairy Processing Equipment Market by Type (Pasteurizers, Homogenizers, Mixers & Blenders, Separators, Evaporators, Dryers, Membrane Filtration Equipment), Mode of Operation (Automatic and Semi-Automatic), Application and Region – Global Forecast to 2028

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Report Overview

The dairy processing equipment market is projected to grow to USD 14.4 billion in 2028 from USD 10.7 billion in 2023 at a CAGR of 6.2% during the forecast period 2023–2028.  In the dairy sector, market competitiveness is a driving force behind the substantial growth of the dairy processing equipment market. Fierce competition compels companies to continually enhance their production processes, leading to significant investments in cutting-edge processing equipment.

Dairy Processing Equipment Market - Global Forecast to 2028

Manufacturers recognize that staying ahead in the market necessitates not only maintaining superior product quality but also achieving cost-effectiveness. Advanced processing equipment enables companies to streamline operations, reduce production costs, and optimize resource utilization, thereby enhancing overall efficiency. Moreover, as consumer preferences evolve, companies seek to differentiate their products through innovation, and modern processing technology provides the means to meet these changing demands. The imperative to gain a competitive edge prompts continuous research and development efforts, further fueling the demand for state-of-the-art dairy processing equipment. As companies vie for market share, the dynamic landscape of competition acts as a catalyst, propelling the growth of the dairy processing equipment market.


“Pasteurizers segment is expected to be one of the largest sub-segments in the market.”
Pasteurizers stand out as one of the largest subsegments in the dairy processing equipment market due to their pivotal role in ensuring product safety and extending shelf life. In response to stringent food safety regulations, dairy processors increasingly invest in pasteurization technology to eliminate harmful pathogens and bacteria, enhancing the overall quality and safety of dairy products. Pasteurizers are indispensable in the processing of milk, cheese, and other dairy items, making them a cornerstone for a diverse range of products in the industry. Additionally, as consumer awareness of health and safety standards grows, there is a heightened demand for dairy products with extended shelf life without compromising nutritional content. The versatility of pasteurizers in accommodating various dairy products, coupled with their ability to contribute to the industry’s adherence to regulatory standards, positions them as a crucial and expansive subsegment within the broader dairy processing equipment market.
Canada is projected to have the highest growth during the forecast period within North America region.
The Dairy Innovation and Investment Fund, a strategic initiative announced by the Honourable Lawrence MacAulay, Minister of Agriculture and Agri-Food, has become a pivotal driver in fueling the dairy processing equipment market in Canada. With a substantial investment of up to USD 243.1 million over the next decade, this fund aims to fortify the competitiveness of the Canadian dairy sector, especially in light of the challenges posed by the Canada-United States-Mexico Agreement (CUSMA).

乳製品加工機械市場 : 2028年までの世界予測 region


A critical issue facing the dairy industry is the surplus of solids non-fat (SNF), a byproduct resulting from the extraction of fat from cow’s milk. The Dairy Innovation and Investment Fund is specifically tailored to address this concern by supporting medium to large-scale projects for dairy processors. These projects focus on modernizing, replacing, and increasing the processing capacity for SNF, thereby mitigating the challenges posed by surplus production. Moreover, the fund aligns with sustainability goals by minimizing the upmarketing of skim milk, contributing to waste reduction in the industry. The sustained government funding through this initiative not only tackles immediate sectoral challenges but also creates opportunities for equipment manufacturers and suppliers. The emphasis on technological upgrades and capacity expansion aligns with the broader industry goal of enhancing efficiency and sustainability.

The break-up of the profile of primary participants in the dairy processing equipment market:
• By Company Type: Tier 1 – 25%, Tier 2 – 45%, and Tier 3 – 30%
• By Designation: CXOs – 20%, Managers – 50%, Executives-30%
• By Region: North America – 25%, Europe – 25%, Asia Pacific – 40%, and Rest of the World – 10%
Prominent companies include GEA Group Aktiengesellschaft (Germany), SPX Flow (US), Tetra Laval (Switzerland), ALFA LAVAL (Sweden), JBT (US), Bucher Industries AG (Switzerland), Krones AG (Germany), and The Middleby Corporation (US) among others.

乳製品加工機械市場 : 2028年までの世界予測 ecosystem


Research Coverage:
This research report classifies the dairy processing equipment market based on various factors, including by type (Pasteurizers, Homogenizers, Mixers & Blenders, Separators, Evaporators, Dryers, Membrane Filtration Equipment, Other Types), mode of operation (Automatic and Semi-Automatic), application, and region (North America, Europe, Asia Pacific, South America, and Rest of the World). The report provides comprehensive insights into market dynamics, encompassing drivers, limitations, challenges, and opportunities that influence the growth of the dairy processing equipment market. Additionally, it offers a thorough analysis of key industry players, their business profiles, solutions, services, strategies, contracts, partnerships, agreements, new product launches, mergers, acquisitions, and recent developments in the dairy processing equipment market. The report also includes a competitive analysis of emerging startups within the dairy processing equipment market ecosystem.


Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall dairy processing equipment market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.


The report provides insights on the following pointers:
• Analysis of key drivers (Growing demand for dairy products), restraints (Increasing energy costs), opportunities (Support by the government and non-government bodies in terms of funding for SMEs and startups), and challenges (High capital investment) influencing the growth of the dairy processing equipment market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the dairy processing equipment market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the dairy processing equipment market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the dairy processing equipment market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like GEA Group Aktiengesellschaft (Germany), SPX Flow (US), Tetra Laval (Switzerland), ALFA LAVAL (Sweden), and JBT (US) among others in the dairy processing equipment market strategies. The report also helps stakeholders understand the dairy processing equipment market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1            INTRODUCTION            29

1.1         STUDY OBJECTIVES      29

1.2         MARKET DEFINITION   30

1.3         STUDY SCOPE  30

1.3.1      MARKET SEGMENTATION         30

FIGURE 1           DAIRY PROCESSING EQUIPMENT MARKET SEGMENTATION              30

1.3.2      INCLUSIONS AND EXCLUSIONS 31

1.3.3      REGIONS COVERED      31

1.3.4      YEARS CONSIDERED     32

1.4         UNIT CONSIDERED       32

1.4.1      CURRENCY/VALUE UNIT           32

TABLE 1             USD EXCHANGE RATES CONSIDERED, 2018–2022            33

1.4.2      VOLUME UNIT 33

1.5         STAKEHOLDERS            33

1.6         SUMMARY OF CHANGES            34

1.6.1      RECESSION IMPACT ANALYSIS 34

2            RESEARCH METHODOLOGY     35

2.1         RESEARCH DATA           35

FIGURE 2           DAIRY PROCESSING EQUIPMENT MARKET: RESEARCH DESIGN              35

2.1.1      SECONDARY DATA       36

2.1.1.1   Key data from secondary sources     36

2.1.2      PRIMARY DATA 36

2.1.2.1   Key data from primary sources         37

2.1.2.2   Breakdown of primary profiles         37

FIGURE 3           BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION, AND REGION    37

2.1.2.3   Key insights from industry experts   38

2.2         MARKET SIZE ESTIMATION       38

2.2.1      BOTTOM-UP APPROACH           39

FIGURE 4           MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH       39

2.2.2      TOP-DOWN APPROACH             40

FIGURE 5           MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH       40

2.2.2.1   Market size estimation: Supply side  41

FIGURE 6           DAIRY PROCESSING EQUIPMENT MARKET SIZE CALCULATION: SUPPLY SIDE   41

2.3         DATA TRIANGULATION             42

FIGURE 7           DATA TRIANGULATION METHODOLOGY         42

2.4         ASSUMPTIONS 43

2.5         LIMITATIONS   44

2.6         RECESSION IMPACT ANALYSIS 44

FIGURE 8           RECESSION MACROINDICATORS           45

FIGURE 9           GLOBAL INFLATION RATE, 2011–2022   45

FIGURE 10         GLOBAL GDP, 2011–2022 (USD TRILLION)          46

FIGURE 11         RECESSION INDICATORS AND THEIR IMPACT ON DAIRY PROCESSING EQUIPMENT MARKET      47

FIGURE 12         GLOBAL DAIRY PROCESSING EQUIPMENT MARKET: EARLIER FORECAST VS. RECESSION FORECAST  47

3            EXECUTIVE SUMMARY 49

TABLE 2            DAIRY PROCESSING EQUIPMENT MARKET SNAPSHOT, 2023 VS. 2028      50

FIGURE 13         DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2023 VS. 2028 (USD MILLION)     51

FIGURE 14         DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION)     52

FIGURE 15         DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023 VS. 2028 (USD MILLION)         52

FIGURE 16         DAIRY PROCESSING EQUIPMENT MARKET, BY REGION, 2022              53

4            PREMIUM INSIGHTS      54

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN DAIRY PROCESSING EQUIPMENT MARKET  54

FIGURE 17         HEALTH AND WELLNESS TRENDS TO DRIVE GROWTH OF DAIRY PROCESSING EQUIPMENT MARKET        54

4.2         ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION AND KEY COUNTRY           54

FIGURE 18         AUTOMATIC SEGMENT AND INDIA ACCOUNTED FOR SIGNIFICANT MARKET SHARES IN 2022 54

4.3         DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION AND REGION    55

FIGURE 19         ASIA PACIFIC TO BE DOMINANT MARKET FOR AUTOMATIC AND SEMI-AUTOMATIC EQUIPMENT DURING FORECAST PERIOD         55

4.4         DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE     56

FIGURE 20         PASTEURIZERS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD       56

4.5         DAIRY PROCESSING EQUIPMENT MARKET: MAJOR REGIONAL SUBMARKETS   56

FIGURE 21         INDIA TO ACCOUNT FOR LARGEST SHARE IN 2023        56

5            MARKET OVERVIEW     57

5.1         INTRODUCTION            57

FIGURE 22         MILK PROCESSING: PROCESS FLOW DIAGRAM 58

5.2         EVOLUTION     58

FIGURE 23         DAIRY PROCESSING EVOLUTION           58

TABLE 3             HISTORY OF DAIRY PROCESSING           59

5.3         MACROECONOMIC INDICATORS           59

5.3.1      GLOBALIZATION OF DAIRY INDUSTRY 59

FIGURE 24         CHINA: IMPORTS OF CHEESE, 2019–2023 (THOUSAND TONS)              60

5.3.2      HEALTH AND WELLNESS TRENDS         60

5.4         MARKET DYNAMICS     61

FIGURE 25         MARKET DYNAMICS: DAIRY PROCESSING EQUIPMENT MARKET            61

5.4.1      DRIVERS            62

5.4.1.1   Growth in demand for dairy products             62

FIGURE 26         US: PER CAPITA CONSUMPTION OF DAIRY PRODUCTS, 2000–2021 (POUNDS) 62

5.4.1.1.1 Growth in production of milk due to increasing consumption of dairy products              62

FIGURE 27         GLOBAL MILK AND MILK PRODUCTS PRODUCTION, 2020–2022 (THOUSAND TONS)      63

5.4.1.2   Adoption of efficiency-enhancing technologies by dairy product manufacturers              63

5.4.1.2.1 Increase in traction for UHT milk and milk products    64

5.4.1.2.2 Demand for multifunctional dairy equipment 64

5.4.1.3   Increase in concerns about food safety and quality       64

5.4.1.4   Increase in automation offered by technology providers             65

5.4.1.5   Abolition of milk quota in European Union    65

5.4.1.6   Standardization in product quality and extended shelf-life         66

5.4.2      RESTRAINTS     66

5.4.2.1   Increase in energy costs     66

5.4.2.2   Health risks associated with whey protein      67

5.4.3      OPPORTUNITIES           67

5.4.3.1   Investments and funding by government and non-government bodies     67

5.4.3.2   Growth in emphasis on environmental and sustainability concerns           68

5.4.3.3   Increase in production of dairy products in emerging economies              69

FIGURE 28         MILK PRODUCTION SHARE PER REGION, 2021  69

5.4.3.4   Expansion of product lines to cater to emerging applications      69

5.4.3.4.1 Infant formula     70

5.4.3.4.2 Energy & sports drinks       70

5.4.3.4.3 Fortified products 70

5.4.3.4.4 Carbonated dairy-based beverages   71

5.4.4      CHALLENGES   71

5.4.4.1   High capital investment     71

TABLE 4             INITIAL SETUP COST OF ULTRAFILTRATION SYSTEM (USD)              71

TABLE 5             INITIAL SETUP COST OF DAIRY PROCESSING PLANT WITH PRODUCTION CAPACITY OF 300,000 LITERS PER DAY   72

5.4.4.2   Growth in demand for plant-based products  72

5.4.4.2.1 Growth in consumer preferences for vegan products    73

5.4.4.2.2 Rise in incidences of lactose intolerance & allergies leading to reduced dairy consumption        73

TABLE 6             LACTOSE-INTOLERANT POPULATION, 2020      74

5.4.4.3   Adulteration of dairy products to deteriorate quality    74

TABLE 7             SAFETY AND FRAUD ISSUES RELATING TO MILK AND MILK PRODUCTS FOUND IN GREY LITERATURE, 2018–2019    75

6            INDUSTRY TRENDS       76

6.1         INTRODUCTION            76

6.2         VALUE CHAIN ANALYSIS            76

FIGURE 29         DAIRY PROCESSING EQUIPMENT MARKET: VALUE CHAIN ANALYSIS          76

6.2.1      RESEARCH & DEVELOPMENT   77

6.2.2      INPUTS 77

6.2.3      PROCESSING    77

6.2.4      LOGISTICS & DISTRIBUTION     77

6.2.5      MARKETING & SALES    78

6.3         SUPPLY CHAIN ANALYSIS          78

FIGURE 30         DAIRY PROCESSING EQUIPMENT MARKET: SUPPLY CHAIN ANALYSIS          79

6.4         TECHNOLOGY ANALYSIS           79

6.4.1      AUTOMATION AND ROBOTICS 79

6.4.2      ENZYME-BASED CLEANING-IN-PLACE (CIP) IN DAIRY PROCESSING              80

6.5         PATENT ANALYSIS        80

TABLE 8             LIST OF MAJOR PATENTS PERTAINING TO DAIRY PROCESSING EQUIPMENT MARKET, 2013–2022            80

FIGURE 31         NUMBER OF PATENTS GRANTED, 2013–2023      82

FIGURE 32         REGIONAL ANALYSIS OF PATENTS GRANTED   82

6.6         ECOSYSTEM MARKET MAP        83

6.6.1      DEMAND SIDE  83

6.6.2      SUPPLY SIDE    83

FIGURE 33         DAIRY PROCESSING EQUIPMENT MARKET: MARKET MAP              84

TABLE 9             DAIRY PROCESSING EQUIPMENT MARKET: ECOSYSTEM              85

6.7         TRADE ANALYSIS          86

TABLE 10           IMPORT VALUE OF DAIRY PROCESSING EQUIPMENT MARKET FOR KEY COUNTRIES, 2022 (USD THOUSAND)  86

TABLE 11           EXPORT VALUE OF DAIRY PROCESSING EQUIPMENT MARKET FOR KEY COUNTRIES, 2022 (USD THOUSAND)  86

6.8         PRICING ANALYSIS        87

6.8.1      INDICATIVE PRICING ANALYSIS, BY TYPE          87

TABLE 12           DAIRY PROCESSING EQUIPMENT MARKET: INDICATIVE PRICING, BY TYPE (USD PER UNIT)        87

6.8.2      INDICATIVE PRICING ANALYSIS, BY REGION     87

TABLE 13           DAIRY PROCESSING EQUIPMENT MARKET: INDICATIVE PRICING, BY REGION (USD PER UNIT)   87

6.9         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 88

FIGURE 34         TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESSES              88

6.10       KEY CONFERENCES AND EVENTS          89

TABLE 14           KEY CONFERENCES AND EVENTS IN DAIRY PROCESSING EQUIPMENT MARKET, 2023–2024            89

6.11       TARIFF AND REGULATORY LANDSCAPE            89

6.11.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          89

TABLE 15           NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         89

TABLE 16           EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         90

TABLE 17           ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         90

6.11.2    REGULATORY FRAMEWORK     90

6.11.3    COUNTRY-WISE REGULATORY AUTHORITIES FOR DAIRY PROCESSING EQUIPMENT         91

6.11.3.1 North America     91

6.11.3.1.1            US         91

6.11.3.1.2            Canada  93

6.11.3.2 Europe  94

6.11.3.3 Asia Pacific          94

6.11.3.3.1            China     94

6.11.3.3.2            Japan     95

6.11.3.3.3            Australia and New Zealand 95

6.12       PORTER’S FIVE FORCES ANALYSIS         96

TABLE 18           DAIRY PROCESSING EQUIPMENT MARKET: PORTER’S FIVE FORCES ANALYSIS         96

6.12.1    INTENSITY OF COMPETITIVE RIVALRY 96

6.12.2    BARGAINING POWER OF SUPPLIERS     96

6.12.3    BARGAINING POWER OF BUYERS           97

6.12.4    THREAT OF SUBSTITUTES         97

6.12.5    THREAT OF NEW ENTRANTS    97

6.13       KEY STAKEHOLDERS AND BUYING CRITERIA    97

6.13.1    KEY STAKEHOLDERS IN BUYING PROCESS         97

FIGURE 35         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR MODE OF OPERATION 98

TABLE 19           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR MODE OF OPERATION 98

6.13.2    BUYING CRITERIA         98

TABLE 20           KEY CRITERIA FOR SELECTING SUPPLIER/VENDOR      98

FIGURE 36         KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS  99

6.14       CASE STUDY ANALYSIS 99

6.14.1    MODERNIZING PRACTICES IN PROMINENT DAIRY PROCESSING FACILITY WITH HELP OF ENSIGHT LIKWIFER’S INNOVATIVE BLENDER 99

6.14.2    BURRA FOODS UPGRADED SKIMMED MILK PROCESSING WITH HRS’ HEAT EXCHANGERS      100

7            DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE     101

7.1         INTRODUCTION            102

FIGURE 37         DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2023 VS. 2028 (USD MILLION)     103

TABLE 21           DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2018–2022 (USD MILLION) 103

TABLE 22           DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2023–2028 (USD MILLION) 104

7.2         PASTEURIZERS 104

7.2.1      RISE IN CONCERNS FOR FOOD SAFETY, COUPLED WITH ABILITY TO EXTEND SHELF LIFE OF DAIRY PRODUCTS        104

TABLE 23           PASTEURIZERS MARKET, BY REGION, 2018–2022 (USD MILLION)          106

TABLE 24           PASTEURIZERS MARKET, BY REGION, 2023–2028 (USD MILLION)          106

7.3         HOMOGENIZERS           106

7.3.1      INTEGRAL ROLE IN ENHANCING TEXTURE AND APPEARANCE OF DAIRY ITEMS    106

TABLE 25           HOMOGENIZERS MARKET, BY REGION, 2018–2022 (USD MILLION)          107

TABLE 26           HOMOGENIZERS MARKET, BY REGION, 2023–2028 (USD MILLION)          108

7.4         MIXERS & BLENDERS    108

7.4.1      CRUCIAL ROLE IN ENSURING UNIFORMITY IN QUALITY OF DAIRY PRODUCTS QUALITY    108

TABLE 27           MIXERS & BLENDERS MARKET, BY REGION, 2018–2022 (USD MILLION)          109

TABLE 28           MIXERS & BLENDERS MARKET, BY REGION, 2023–2028 (USD MILLION)          109

7.5         SEPARATORS    110

7.5.1      DEMAND FOR DIVERSE DAIRY PRODUCTS WITH SPECIFIC FAT CONTENT         110

TABLE 29           SEPARATORS MARKET, BY REGION, 2018–2022 (USD MILLION)              111

TABLE 30           SEPARATORS MARKET, BY REGION, 2023–2028 (USD MILLION)              111

7.6         EVAPORATORS 111

7.6.1      NUTRITIONAL INNOVATION AND HEALTH TRENDS TO SPUR DEMAND FOR EVAPORATORS  111

TABLE 31           EVAPORATORS MARKET, BY REGION, 2018–2022 (USD MILLION)          112

TABLE 32           EVAPORATORS MARKET, BY REGION, 2023–2028 (USD MILLION)          113

7.7         DRYERS             113

7.7.1      NEED FOR ENHANCED SHELF LIFE AND PRESERVATION TO PROPEL DEMAND FOR DRYERS 113

TABLE 33           DRYERS MARKET, BY REGION, 2018–2022 (USD MILLION)              114

TABLE 34           DRYERS MARKET, BY REGION, 2023–2028 (USD MILLION)              114

7.8         MEMBRANE FILTRATION EQUIPMENT 114

7.8.1      INDUSTRY COMPLIANCE AND QUALITY STANDARDS TO FUEL DEMAND FOR MEMBRANE FILTRATION EQUIPMENT   114

TABLE 35           MEMBRANE FILTRATION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)          116

TABLE 36           MEMBRANE FILTRATION EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION)          116

7.9         OTHER TYPES  116

TABLE 37          OTHER DAIRY PROCESSING EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)          117

TABLE 38          OTHER DAIRY PROCESSING EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION)          117

8            DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION   118

8.1         INTRODUCTION            119

FIGURE 38         DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION)     119

TABLE 39           DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)          120

TABLE 40           DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)          120

8.2         PROCESSED MILK          120

8.2.1      NEED FOR REGULATORY COMPLIANCE AND CONSUMER SAFETY IN MILK CONSUMPTION   120

TABLE 41           DAIRY PROCESSING EQUIPMENT MARKET FOR PROCESSED MILK, BY REGION, 2018–2022 (USD MILLION)     121

TABLE 42           DAIRY PROCESSING EQUIPMENT MARKET FOR PROCESSED MILK, BY REGION, 2023–2028 (USD MILLION)     122

8.3         FRESH DAIRY PRODUCTS          122

8.3.1      SHIFT IN CONSUMER TRENDS TOWARD HEALTHIER DESSERTS AND GOURMET CUISINES     122

TABLE 43           DAIRY PROCESSING EQUIPMENT MARKET FOR FRESH DAIRY PRODUCTS, BY REGION, 2018–2022 (USD MILLION)        123

TABLE 44           DAIRY PROCESSING EQUIPMENT MARKET FOR FRESH DAIRY PRODUCTS, BY REGION, 2023–2028 (USD MILLION)        123

8.4         BUTTER & BUTTERMILK            123

8.4.1      CROSS-CULTURAL ADOPTION OF BUTTER & BUTTERMILK      123

TABLE 45           FORMULATION DIFFERENCES IN NORMAL SALTED BUTTER AND INDIAN BUTTER   124

TABLE 46           DAIRY PROCESSING EQUIPMENT MARKET FOR BUTTER & BUTTERMILK, BY REGION, 2018–2022 (USD MILLION)    125

TABLE 47           DAIRY PROCESSING EQUIPMENT MARKET FOR BUTTER & BUTTERMILK, BY REGION, 2023–2028 (USD MILLION)    125

8.5         CHEESE             125

8.5.1      EXPANSION OF QUICK-SERVICE RESTAURANTS AND WESTERNIZATION OF DIETS IN ASIA PACIFIC   125

TABLE 48           DAIRY PROCESSING EQUIPMENT MARKET FOR CHEESE, BY REGION, 2018–2022 (USD MILLION)       126

TABLE 49           DAIRY PROCESSING EQUIPMENT MARKET FOR CHEESE, BY REGION, 2023–2028 (USD MILLION)       127

8.6         MILK POWDER 127

8.6.1      EXTENDED SHELF LIFE AND APPLICATION IN INFANT FORMULA PRODUCTION  127

TABLE 50          DAIRY PROCESSING EQUIPMENT MARKET FOR MILK POWDER, BY REGION, 2018–2022 (USD MILLION)  128

TABLE 51          DAIRY PROCESSING EQUIPMENT MARKET FOR MILK POWDER, BY REGION, 2023–2028 (USD MILLION)  128

8.7         PROTEIN INGREDIENTS             129

8.7.1      INCREASE IN AWARENESS REGARDING IMPORTANCE OF PROTEIN IN DIETS, ALONG WITH SURGE IN GYM MEMBERSHIPS     129

TABLE 52           DAIRY PROCESSING EQUIPMENT MARKET FOR PROTEIN INGREDIENTS, BY REGION, 2018–2022 (USD MILLION)   130

TABLE 53           DAIRY PROCESSING EQUIPMENT MARKET FOR PROTEIN INGREDIENTS, BY REGION, 2023–2028 (USD MILLION)   130

9            DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION              131

9.1         INTRODUCTION            132

FIGURE 39         DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023 VS. 2028 (USD MILLION)         132

TABLE 54           DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION) 133

TABLE 55           DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION) 133

9.2         AUTOMATIC     133

9.2.1      CONTAMINATION PREVENTION AND CONSISTENT PRODUCT QUALITY REQUIREMENTS IN DAIRY INDUSTRY 133

TABLE 56           AUTOMATIC DAIRY PROCESSING EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)       134

TABLE 57           AUTOMATIC DAIRY PROCESSING EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION)       134

9.3         SEMI-AUTOMATIC        135

9.3.1      OPERATIONAL FLEXIBILITY AND AFFORDABILITY OF SEMI-AUTOMATIC PROCESSING EQUIPMENT IN DAIRY INDUSTRY    135

TABLE 58           SEMI-AUTOMATIC DAIRY PROCESSING EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)  135

TABLE 59           SEMI-AUTOMATIC DAIRY PROCESSING EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION)  136

10          DAIRY PROCESSING EQUIPMENT MARKET, BY REGION 137

10.1       INTRODUCTION            138

FIGURE 40         DAIRY PROCESSING EQUIPMENT MARKET: GEOGRAPHIC SNAPSHOT, 2023–2028 (USD MILLION)  139

TABLE 60           DAIRY PROCESSING EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)     139

TABLE 61           DAIRY PROCESSING EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION)     140

10.2       NORTH AMERICA          140

10.2.1    NORTH AMERICA: RECESSION IMPACT ANALYSIS          141

FIGURE 41         NORTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2017–2022      141

TABLE 62           MEXICO: FOOD INFLATION, 2022 VS. 2023 (MXN/KG)     142

FIGURE 42         NORTH AMERICA: RECESSION IMPACT ANALYSIS, 2022 VS. 2023              142

TABLE 63           NORTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)            142

TABLE 64           NORTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)            143

TABLE 65           NORTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2018–2022 (USD MILLION)       143

TABLE 66           NORTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2023–2028 (USD MILLION)       143

TABLE 67           NORTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)     144

TABLE 68           NORTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)     144

TABLE 69           NORTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)    144

TABLE 70           NORTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)    145

10.2.2    US         145

10.2.2.1 Surging US dairy exports and growing domestic production propel demand for advanced processing equipment       145

FIGURE 43         US: MILK PRODUCTION VOLUME, 2013–2022 (MILLION POUNDS)          145

FIGURE 44         US: KEY MARKETS FOR DAIRY EXPORTS, 2020–2022 (USD BILLION)           146

TABLE 71           US: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           147

TABLE 72           US: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           147

TABLE 73           US: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION) 147

TABLE 74           US: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION) 148

10.2.3    CANADA            148

10.2.3.1 Sustained government support and innovation initiatives in Canada’s dairy processing sector 148

FIGURE 45         CANADA: DAIRY PRODUCT EXPORTS & IMPORTS, 2017–2022 (USD MILLION) 148

TABLE 75           CANADA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           149

TABLE 76           CANADA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           150

TABLE 77           CANADA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)          150

TABLE 78           CANADA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)          150

10.2.4    MEXICO             150

10.2.4.1 Limited infrastructure and high consumption of dairy products 150

TABLE 79           MEXICO: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           151

TABLE 80           MEXICO: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           152

TABLE 81           MEXICO: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)        152

TABLE 82           MEXICO: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)        152

10.3       EUROPE             153

FIGURE 46         EUROPE: DAIRY PROCESSING EQUIPMENT MARKET SNAPSHOT        154

10.3.1    EUROPE: RECESSION IMPACT ANALYSIS            154

FIGURE 47         EUROPE: COUNTRY-LEVEL INFLATION DATA, 2017–2022              155

FIGURE 48         EUROPE: RECESSION IMPACT ANALYSIS, 2022 VS. 2023  156

TABLE 83           EUROPE: DAIRY PROCESSING EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)    156

TABLE 84           EUROPE: DAIRY PROCESSING EQUIPMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)    157

TABLE 85           EUROPE: DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2018–2022 (USD MILLION)          157

TABLE 86           EUROPE: DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2023–2028 (USD MILLION)          158

TABLE 87           EUROPE: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           158

TABLE 88           EUROPE: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           158

TABLE 89           EUROPE: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)        159

TABLE 90           EUROPE: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)        159

10.3.2    GERMANY         159

10.3.2.1 Shift in consumer preferences to organic and healthier food products in Germany              159

TABLE 91           GERMANY: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           160

TABLE 92           GERMANY: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           160

TABLE 93           GERMANY: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)          161

TABLE 94           GERMANY: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)          161

10.3.3    UK         161

10.3.3.1 Government initiatives to expand dairy exports set in UK          161

FIGURE 49         UK: DAIRY TRADE DATA, 2020–2021 (METRIC TON)        162

TABLE 95           UK: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           162

TABLE 96           UK: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           163

TABLE 97           UK: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION) 163

TABLE 98           UK: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION) 163

10.3.4    FRANCE             164

10.3.4.1 Proactive support from major dairy producers to facilitate development of dairy industry in France              164

TABLE 99           FRANCE: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           164

TABLE 100         FRANCE: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           165

TABLE 101         FRANCE: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)        165

TABLE 102         FRANCE: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)        165

10.3.5    ITALY   166

10.3.5.1 Food safety concerns and increase in consumer awareness in Italy           166

TABLE 103         ITALY: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           166

TABLE 104         ITALY: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           167

TABLE 105         ITALY: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)        167

TABLE 106         ITALY: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)        167

10.3.6    NETHERLANDS 168

10.3.6.1 Export-oriented dairy industry and high per capita cheese consumption in Netherlands         168

FIGURE 50         NETHERLANDS: DAIRY EXPORT REVENUES, 2020 (USD BILLION)           168

TABLE 107         NETHERLANDS: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           169

TABLE 108         NETHERLANDS: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           169

TABLE 109         NETHERLANDS: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)          169

TABLE 110         NETHERLANDS: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)          170

10.3.7    REST OF EUROPE           170

TABLE 111         REST OF EUROPE: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)     171

TABLE 112         REST OF EUROPE: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)     171

TABLE 113         REST OF EUROPE: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)    171

TABLE 114         REST OF EUROPE: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)    172

10.4       ASIA PACIFIC    172

FIGURE 51         ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET SNAPSHOT        173

10.4.1    ASIA PACIFIC: RECESSION IMPACT ANALYSIS    173

FIGURE 52         ASIA PACIFIC: INFLATION RATES, BY KEY COUNTRY, 2017–2022              174

FIGURE 53         ASIA PACIFIC: RECESSION IMPACT ANALYSIS, 2022 VS. 2023              175

TABLE 115         ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)    175

TABLE 116         ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)    175

TABLE 117         ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2018–2022 (USD MILLION)             176

TABLE 118         ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2023–2028 (USD MILLION)             176

TABLE 119         ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           177

TABLE 120         ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           177

TABLE 121         ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)          177

TABLE 122         ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)          178

10.4.2    CHINA  178

10.4.2.1 Increase in consumption of dairy products in China     178

TABLE 123         CHINA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           179

TABLE 124         CHINA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           179

TABLE 125         CHINA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)        179

TABLE 126         CHINA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)        180

10.4.3    INDIA   180

10.4.3.1 Increase in milk production and growing appetite for dairy products in India              180

FIGURE 54         COMMODITY-WISE SHARE OF ORGANIZED DAIRY EQUIPMENT, 2019         181

TABLE 127         INDIA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           181

TABLE 128         INDIA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           182

TABLE 129         INDIA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)        182

TABLE 130         INDIA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)        182

10.4.4    JAPAN  183

10.4.4.1 Health-conscious trends and government initiatives in Japan     183

FIGURE 55         JAPAN: PRODUCTION OF PROCESSED MILK PRODUCTS, 2018–2022 (METRIC TONS)     183

TABLE 131         JAPAN: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           184

TABLE 132         JAPAN: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           184

TABLE 133         JAPAN: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)        184

TABLE 134         JAPAN: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)        185

10.4.5    AUSTRALIA & NEW ZEALAND   185

10.4.5.1 Export-oriented dairy industry in Australia & New Zealand       185

FIGURE 56         AUSTRALIA: UTILIZATION OF MILK IN DAIRY PROCESSING INDUSTRY, 2021–2022 (VOLUME)            185

TABLE 135         AUSTRALIA & NEW ZEALAND: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)      186

TABLE 136         AUSTRALIA & NEW ZEALAND: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)      187

TABLE 137         AUSTRALIA & NEW ZEALAND: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)              187

TABLE 138         AUSTRALIA & NEW ZEALAND: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)              187

10.4.6    REST OF ASIA PACIFIC  187

TABLE 139         REST OF ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)  188

TABLE 140         REST OF ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)  189

TABLE 141         REST OF ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION) 189

TABLE 142         REST OF ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION) 189

10.5       SOUTH AMERICA           190

10.5.1    SOUTH AMERICA: RECESSION IMPACT ANALYSIS          190

FIGURE 57         SOUTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2017–2022      190

FIGURE 58         SOUTH AMERICA: RECESSION IMPACT ANALYSIS, 2022 VS. 2023              191

TABLE 143         SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)            191

TABLE 144         SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)            192

TABLE 145         SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2018–2022 (USD MILLION)       192

TABLE 146         SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2023–2028 (USD MILLION)       192

TABLE 147         SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)     193

TABLE 148         SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)     193

TABLE 149         SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)    193

TABLE 150         SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)    194

10.5.2    BRAZIL 194

10.5.2.1 Shift in consumer preferences toward processed milk products in Brazil  194

TABLE 151         BRAZIL: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           195

TABLE 152         BRAZIL: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           195

TABLE 153         BRAZIL: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)        195

TABLE 154         BRAZIL: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)        196

10.5.3    ARGENTINA      196

10.5.3.1 Rise in processed milk product production and government policy shifts in Argentina            196

TABLE 155         ARGENTINA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           197

TABLE 156         ARGENTINA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           197

TABLE 157         ARGENTINA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)          197

TABLE 158         ARGENTINA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)          198

10.5.4    REST OF SOUTH AMERICA         198

TABLE 159         REST OF SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)  198

TABLE 160         REST OF SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)  199

TABLE 161         REST OF SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION) 199

TABLE 162         REST OF SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION) 199

10.6       REST OF THE WORLD (ROW)    200

10.6.1    ROW: RECESSION IMPACT ANALYSIS    200

FIGURE 59         ROW: INFLATION RATES, BY KEY COUNTRY, 2017–2022 200

FIGURE 60         ROW: RECESSION IMPACT ANALYSIS, 2022 VS. 2023        201

TABLE 163         ROW: DAIRY PROCESSING EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)          201

TABLE 164         ROW: DAIRY PROCESSING EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION)          201

TABLE 165         ROW: DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2018–2022 (USD MILLION)          202

TABLE 166         ROW: DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2023–2028 (USD MILLION)          202

TABLE 167         ROW: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           202

TABLE 168         ROW: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           203

TABLE 169         ROW: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION) 203

TABLE 170         ROW: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION) 203

10.6.2    AFRICA 204

10.6.2.1 Untapped potential and rise in demand for various dairy products in Africa              204

TABLE 171         AFRICA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           204

TABLE 172         AFRICA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           205

TABLE 173         AFRICA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)        205

TABLE 174         AFRICA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)        205

10.6.3    MIDDLE EAST  206

10.6.3.1 Growth in demand for healthier diets and food security initiatives in Middle East              206

TABLE 175         MIDDLE EAST: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           206

TABLE 176         MIDDLE EAST: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           207

TABLE 177         MIDDLE EAST: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)          207

TABLE 178         MIDDLE EAST: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)          207

11          COMPETITIVE LANDSCAPE       208

11.1       OVERVIEW        208

11.2       MARKET SHARE ANALYSIS         208

TABLE 179         DAIRY PROCESSING EQUIPMENT MARKET: DEGREE OF COMPETITION, 2022     209

11.3       KEY PLAYER STRATEGIES/RIGHT TO WIN          209

TABLE 180         STRATEGIES ADOPTED BY KEY PLAYERS IN DAIRY PROCESSING EQUIPMENT MARKET      209

11.4       REVENUE ANALYSIS      212

FIGURE 61         SEGMENTAL REVENUE ANALYSIS OF KEY MARKET PLAYERS, 2018–2022 (USD BILLION)           212

11.5       KEY PLAYERS’ ANNUAL REVENUE VS. GROWTH 213

FIGURE 62         ANNUAL REVENUE, 2022 (USD BILLION) VS. REVENUE GROWTH, 2020–2022      213

11.6       KEY PLAYERS EBITDA   214

FIGURE 63         EBITDA, 2022 (USD BILLION)     214

11.7       GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS   214

FIGURE 64         DAIRY PROCESSING EQUIPMENT MARKET: GLOBAL SNAPSHOT OF KEY PARTICIPANTS, 2022            214

11.8       COMPANY EVALUATION MATRIX: KEY PLAYERS            215

11.8.1    STARS  215

11.8.2    EMERGING LEADERS    215

11.8.3    PERVASIVE PLAYERS     215

11.8.4    PARTICIPANTS 216

FIGURE 65         COMPANY EVALUATION MATRIX FOR KEY PLAYERS, 2022              216

11.8.5    COMPANY FOOTPRINT: KEY PLAYERS  217

TABLE 181         OVERALL COMPANY FOOTPRINT FOR KEY PLAYERS     217

TABLE 182         COMPANY FOOTPRINT FOR KEY PLAYERS, BY APPLICATION              218

TABLE 183         COMPANY FOOTPRINT FOR KEY PLAYERS, BY TYPE      219

TABLE 184         COMPANY FOOTPRINT FOR KEY PLAYERS, BY REGION 220

11.9       STARTUP/SME EVALUATION MATRIX   220

11.9.1    PROGRESSIVE COMPANIES       220

11.9.2    RESPONSIVE COMPANIES          220

11.9.3    DYNAMIC COMPANIES 221

11.9.4    STARTING BLOCKS       221

FIGURE 66         COMPANY EVALUATION MATRIX FOR STARTUPS/SMES, 2022              221

11.9.5    COMPETITIVE BENCHMARKING            222

TABLE 185         DAIRY PROCESSING EQUIPMENT MARKET: DETAILED LIST OF KEY STARTUPS/SMES   222

TABLE 186         DAIRY PROCESSING EQUIPMENT MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES  223

11.10     COMPETITIVE SCENARIO AND TRENDS             224

11.10.1  NEW PRODUCT LAUNCHES       224

TABLE 187         DAIRY PROCESSING EQUIPMENT MARKET: PRODUCT LAUNCHES, 2019–2023   224

11.10.2  DEALS  226

TABLE 188         DAIRY PROCESSING EQUIPMENT MARKET: DEALS, 2019–2023              226

11.10.3  OTHERS             228

TABLE 189         DAIRY PROCESSING EQUIPMENT MARKET: OTHERS, 2019–2023              228

12          COMPANY PROFILES    231

(Business overview, Products offered, Recent developments & MnM View)*

12.1       KEY PLAYERS   231

12.1.1    GEA GROUP AKTIENGESELLSCHAFT     231

TABLE 190         GEA GROUP AKTIENGESELLSCHAFT: BUSINESS OVERVIEW              231

FIGURE 67         GEA GROUP AKTIENGESELLSCHAFT: COMPANY SNAPSHOT              232

TABLE 191         GEA GROUP AKTIENGESELLSCHAFT: PRODUCTS OFFERED              232

TABLE 192         GEA GROUP AKTIENGESELLSCHAFT: PRODUCT LAUNCHES              236

TABLE 193         GEA GROUP AKTIENGESELLSCHAFT: OTHERS  236

12.1.2    SPX FLOW         239

TABLE 194         SPX FLOW: BUSINESS OVERVIEW           239

FIGURE 68         SPX FLOW: COMPANY SNAPSHOT          240

TABLE 195         SPX FLOW: PRODUCTS OFFERED           240

TABLE 196         SPX FLOW: PRODUCT LAUNCHES          243

TABLE 197         SPX FLOW: DEALS         243

TABLE 198         SPX FLOW: OTHERS      244

12.1.3    TETRA LAVAL  246

TABLE 199         TETRA LAVAL: BUSINESS OVERVIEW    246

FIGURE 69         TETRA LAVAL: COMPANY SNAPSHOT   247

TABLE 200         TETRA LAVAL: PRODUCTS OFFERED    247

TABLE 201         TETRA LAVAL: OTHERS             250

12.1.4    ALFA LAVAL     252

TABLE 202         ALFA LAVAL: BUSINESS OVERVIEW       252

FIGURE 70         ALFA LAVAL: COMPANY SNAPSHOT      253

TABLE 203         ALFA LAVAL: PRODUCTS OFFERED       253

TABLE 204         ALFA LAVAL: OTHERS  255

12.1.5    JBT        256

TABLE 205         JBT: BUSINESS OVERVIEW         256

FIGURE 71         JBT: COMPANY SNAPSHOT        257

TABLE 206         JBT: PRODUCTS OFFERED         257

TABLE 207         JBT: PRODUCT LAUNCHES        258

TABLE 208         JBT: DEALS       259

TABLE 209         JBT: OTHERS    259

12.1.6    BUCHER INDUSTRIES   261

TABLE 210         BUCHER INDUSTRIES: BUSINESS OVERVIEW     261

FIGURE 72         BUCHER INDUSTRIES: COMPANY SNAPSHOT    262

TABLE 211         BUCHER INDUSTRIES: PRODUCTS OFFERED     262

12.1.7    THE MIDDLEBY CORPORATION             264

TABLE 212         THE MIDDLEBY CORPORATION: BUSINESS OVERVIEW 264

FIGURE 73         THE MIDDLEBY CORPORATION: COMPANY SNAPSHOT              265

TABLE 213         THE MIDDLEBY CORPORATION: PRODUCTS OFFERED 265

TABLE 214         THE MIDDLEBY CORPORATION: DEALS             266

12.1.8    KRONES AG       267

TABLE 215         KRONES AG: BUSINESS OVERVIEW        267

FIGURE 74         KRONES AG: COMPANY SNAPSHOT       268

TABLE 216         KRONES AG: PRODUCTS OFFERED        268

12.1.9    IDMC LIMITED 270

TABLE 217         IDMC LIMITED: BUSINESS OVERVIEW   270

TABLE 218         IDMC LIMITED: PRODUCTS OFFERED  270

12.1.10  FELDMEIER EQUIPMENT, INC.  272

TABLE 219         FELDMEIER EQUIPMENT, INC.: BUSINESS OVERVIEW    272

TABLE 220         FELDMEIER EQUIPMENT, INC.: PRODUCTS OFFERED   272

12.1.11  SCHERJON EQUIPMENT HOLLAND B.V. 273

TABLE 221         SCHERJON EQUIPMENT HOLLAND B.V.: BUSINESS OVERVIEW              273

TABLE 222         SCHERJON EQUIPMENT HOLLAND B.V.: PRODUCTS OFFERED              273

TABLE 223         SCHERJON EQUIPMENT HOLLAND B.V.: PRODUCT LAUNCHES              273

12.1.12  COPERION GMBH          275

TABLE 224         COPERION GMBH: BUSINESS OVERVIEW            275

TABLE 225         COPERION GMBH: PRODUCTS OFFERED           275

12.1.13  VAN DEN HEUVEL DAIRY & FOOD EQUIPMENT 277

TABLE 226         VAN DEN HEUVEL DAIRY & FOOD EQUIPMENT: BUSINESS OVERVIEW        277

TABLE 227         VAN DEN HEUVEL DAIRY & FOOD EQUIPMENT: PRODUCTS OFFERED          277

12.1.14  GEMAK 279

TABLE 228         GEMAK: BUSINESS OVERVIEW  279

TABLE 229         GEMAK: PRODUCTS OFFERED  279

12.1.15  ANDERSON DAHLEN, INC.         281

TABLE 230         ANDERSON DAHLEN, INC.: BUSINESS OVERVIEW           281

TABLE 231         ANDERSON DAHLEN, INC.: PRODUCTS OFFERED           281

12.2       OTHER PLAYERS           283

12.2.1    NEOLOGIC ENGINEERS PRIVATE LIMITED        283

TABLE 232         NEOLOGIC ENGINEERS PRIVATE LIMITED: BUSINESS OVERVIEW        283

TABLE 233         NEOLOGIC ENGINEERS PRIVATE LIMITED: PRODUCTS OFFERED          283

12.2.2    GOMA  285

TABLE 234         GOMA: BUSINESS OVERVIEW    285

TABLE 235         GOMA: PRODUCTS OFFERED   285

12.2.3    TNA AUSTRALIA PTY LIMITED 287

TABLE 236         TNA AUSTRALIA PTY LIMITED: BUSINESS OVERVIEW   287

TABLE 237         TNA AUSTRALIA PTY LIMITED: PRODUCTS OFFERED   287

12.2.4    FENCO FOOD MACHINERY S.R.L            289

TABLE 238         FENCO FOOD MACHINERY S.R.L: BUSINESS OVERVIEW 289

TABLE 239         FENCO FOOD MACHINERY S.R.L: PRODUCTS OFFERED 289

12.2.5    HRS HEAT EXCHANGERS           291

TABLE 240         HRS HEAT EXCHANGERS: BUSINESS OVERVIEW 291

TABLE 241         HRS HEAT EXCHANGERS: PRODUCTS OFFERED             291

12.2.6    SEALTECH ENGINEERS 293

TABLE 242         SEALTECH ENGINEERS: BUSINESS OVERVIEW   293

TABLE 243         SEALTECH ENGINEERS: PRODUCTS OFFERED  293

12.2.7    DAIRY TECH INDIA        295

TABLE 244         DAIRY TECH INDIA: BUSINESS OVERVIEW         295

12.2.8    VINO TECHNICAL SERVICES     296

TABLE 245         VINO TECHNICAL SERVICES: BUSINESS OVERVIEW        296

12.2.9    SSP PVT LTD.    297

TABLE 246         SSP PVT. LTD.: BUSINESS OVERVIEW     297

12.2.10  SKYLARK ENGINEERS   298

TABLE 247         SKYLARK ENGINEERS: BUSINESS OVERVIEW     298

*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.

13          ADJACENT AND RELATED MARKETS     299

13.1       INTRODUCTION            299

TABLE 248         MARKETS ADJACENT TO DAIRY PROCESSING EQUIPMENT MARKET            299

13.2       RESEARCH LIMITATIONS           299

13.3       FOOD & BEVERAGE PROCESSING EQUIPMENT MARKET            299

13.3.1    MARKET DEFINITION   299

13.3.2    MARKET OVERVIEW     300

13.3.3    FOOD & BEVERAGE PROCESSING EQUIPMENT MARKET, BY TYPE              300

TABLE 249         FOOD & BEVERAGE PROCESSING EQUIPMENT MARKET, BY TYPE, 2018–2022 (USD MILLION)             301

TABLE 250         FOOD & BEVERAGE PROCESSING EQUIPMENT MARKET, BY TYPE, 2023–2028 (USD MILLION)             301

13.3.4    FOOD & BEVERAGE PROCESSING EQUIPMENT MARKET, BY REGION              301

TABLE 251         FOOD & BEVERAGE PROCESSING EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)       302

TABLE 252         FOOD & BEVERAGE PROCESSING EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION)       302

13.4       BAKERY PROCESSING EQUIPMENT MARKET     302

13.4.1    MARKET DEFINITION   302

13.4.2    MARKET OVERVIEW     302

13.4.3    BAKERY PROCESSING EQUIPMENT MARKET, BY TYPE  303

TABLE 253         BAKERY PROCESSING EQUIPMENT MARKET, BY TYPE, 2016–2020 (USD MILLION)     303

TABLE 254         BAKERY PROCESSING EQUIPMENT MARKET, BY TYPE, 2021–2026 (USD MILLION)     304

13.4.4    BAKERY PROCESSING EQUIPMENT MARKET, BY REGION           304

TABLE 255         BAKERY PROCESSING EQUIPMENT MARKET, BY REGION, 2016–2020 (USD MILLION)     305

TABLE 256         BAKERY PROCESSING EQUIPMENT MARKET, BY REGION, 2021–2026 (USD MILLION)     305

14          APPENDIX         306

14.1       DISCUSSION GUIDE      306

14.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             311

14.3       CUSTOMIZATION OPTIONS      313

14.4       RELATED REPORTS       313

14.5       AUTHOR DETAILS         314