Market Leader – GEA Group (Germany) and SPX Flow (US) are investing in offering innovative solution in Dairy Processing Equipment Market
The global dairy processing equipment market size is estimated at USD 9.6 billion in 2021 and is projected to grow at a CAGR of 6.0% to reach USD 12.8 billion by 2026. The market has promising growth potential due to several factors which includes, the rising production and consumption of milk and other dairy products along with increased automation in dairy product manufacturing.
The dairy processing equipment market is diversified and competitive with a large number of players. The key players in this market include GEA Group (Germany), SPX FLOW, Inc (US), Tetra Laval International S.A. (Switzerland), Alfa Laval Corporate AB (Sweden), John Bean Technologies Corporation (JBT) (US), IMA Industria Macchine Automatiche SPA (Italy), IDMC Limited (India), Feldmeier Equipment, Inc. (US), Scherjon Dairy Equipment Holland B.V. (Netherlands), Coperion GmbH (Germany), and Van Den Heuvel Dairy & Food Equipment B.V. (Netherlands). The key market players, along with the other players, adopted various business strategies such as new product launches, expansions, acquisitions, and partnerships & agreements in the last few years to meet the growing demand for dairy processing equipment. Manufacturers are adopting strategies such as new product launches, expansion & investments, mergers & acquisitions, agreements, collaborations, joint ventures, and partnerships to strengthen their position in the market.
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Tetra Pak has come up with a major portion of the revenue providing a wide-ranging array of processing equipments, processing lines, filling machines, distribution equipment, and aseptic solutions to numerous sectors of foods and its applications, such as dairy, soy & dairy alternatives, juice & drinks, wine & spirits, cheese, ice cream, pet food, and whey powders. The company provides dairy processing services through its business segments Tetra Pak and DeLaval. Through various expansions and acquisitions the Tetra Laval is focusing on the development. The company vigorously participates in several international conferences and seminars, and utilizes those international conferences and seminars as a platform for interactions and promotions. The group link agreements with renowned food & beverage companies for technological solutions. A new Environmental Benchmarking Service is also launched by Tetra Pak to aid the food & beverage companies to assess the environmental performance of their production operations and identify opportunities to achieve sustainable improvements. The company also actively takes part in R&D activities in collaboration with various universities to exchange knowledge on the developments in the industries that it serves.
GEA Group (Germany) is one of the leading technology suppliers for the food processing industry. This company provides custom made solutions for food, dairy processing, dairy farming, beverage, pharma, chemical, marine, leisure & sport, land-based transportation, and utilities. GEA Group has its segments in more than 50 countries across DACH & Eastern Europe, Asia Pacific, Western Europe, the Middle East & Africa, North and Central Europe, North America and Latin America. 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 company has offered about 20% of the revenue flow accrued to the dairy processing solution in the year 2016. DairyRobot R9500 was launched by GEA Group in January 2019, which helped to ease and enhance the milking process. The launch of the product made it possible for the group to become a pioneer in the industry to launch Somatic Cell Count (SCC) monitors to continually analyze the milk flow from each quarter.
SPX Flow (US) is a company who supplies highly specialized engineering solutions across the globe and has prosper operations across 35 countries. The company majorly operates three segments those are food & beverage, power & energy, and industrial. In the year 2017, the food & beverage segment contributed approximately 37% of the company’s revenue. In the food & beverage industry, some of the major products are 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. The company has operations in the Americas, EMEA, and Asia Pacific regions with over 40% of the revenue flowing in from the Americas. In July 2018, SFX Flow partnered with V-Line (Saudi Arabia), to give strength to its operations in the Middle East. Via this partnership with V-Line, the company got the access to the component, 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, Mixers & Blenders, Separators, Evaporators & Dryers, Membrane Filtration Equipment), Mode of Operation (Automatic and Semi-Automatic), Application, and Region - Global Forecast to 2026
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