Dairy Processing Equipment Market

GEA Group (Germany) and SPX Flow (US) are the Key Players in the Dairy Processing Equipment Market

The global dairy processing equipment market is estimated to be valued at USD 8.6 billion in 2018 and is projected to reach USD 11.2 billion by 2023, at a CAGR of 5.4%. The growing demand for dairy products, the adoption of efficiency-enhancing technologies by dairy manufacturers, the launch of technologies for bringing automation in processes, and the abolition of milk quota in the European Union are factors driving the dairy processing equipment market. The key players profiled in the dairy processing equipment market include GEA Group (Germany), SPX Flow (US), The Krones Group (Germany), Tetra Laval (Switzerland), Alfa Laval (Sweden), IMA Group (Italy), IDMC Limited (India), Feldmeier (US), Scherjon (Netherlands), Coperion (Germany), Van Den Heuvel (Netherlands), and JBT Corporation (US).

The key market players adopted various growth strategies such as new product launches, expansions, acquisitions, and agreements & partnerships to cater to the increasing demand for dairy processing. The companies are focusing on expanding their operations in various regions across the globe to establish themselves as leading players in the dairy processing equipment market.

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GEA Group (Germany) is one of the largest players in the dairy processing equipment market. The company provides customized solutions for food, dairy processing, dairy farming, beverage, pharma, chemical, marine, leisure & sport, land-based transportation, and utilities. The dairy processing equipment caters to the market-specific applications such as cheese, dairy ingredients, ice cream, milk powders, creams, butter & spreads, desserts & fermented products, liquid dairy, and nutritional formula. The dairy processing equipment segment of the company caters to the market-specific applications such as cheese, dairy ingredients, ice cream, milk powders, creams, butter & spreads, desserts & fermented products, liquid dairy, and nutritional formula. The group has been expanding organically in Western Europe, the Middle East & Africa, and Latin America. In February 2019, GEA Group secured a contract from Shijiazhuang Junlebao Dairy (China), to build a new facility catering to infant formula. This expansion would allow the company to expand its footprint in the infant formula business in China.

SPX Flow (US) is a supplier of highly specialized engineering solutions across the globe and has operations across 35 countries. The company operates through three major segments, namely, food & beverage, power & energy, and industrial. Within the food & beverage industry, some of the key products include mixing, drying, evaporation & separation systems, heat exchangers, and reciprocating & centrifugal pump technologies. Post the 2008 acquisition of APV Plc, a leading global supplier of process automation techniques for dairy, food, beverages, pharmaceutical, and healthcare industries, SPX Flow expanded its geographical footprint and established itself as one of the leading players in the food & beverage industry. In July 2018, SFX Flow partnered with V-Line (Saudi Arabia), to strengthen its operations in the Middle East. Through this partnership, the company can access the components, spare parts, support, and management services for SPX Flow’s customers in the dairy, food & beverage, and pharmaceutical sectors.

Related Reports:

Dairy Processing Equipment Market by Type (Pasteurizers, Homogenizers, Separators, Evaporators, Membrane Filtration), Application (Processed Milk, Fresh Dairy Products, Butter, Cheese, Milk Powder, Protein), Operation, and Region - Global Forecast to 2023

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Report Code
FB 3149
RI Published ON
3/12/2019
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