The global dairy processing equipment market size estimated at USD 9.2 billion in 2020 and is projected to grow at a CAGR of 5.4% to reach USD 12.0 billion by 2025. The market has a promising growth potential due to several factors, including 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), Krones AG (Germany), Tetra Laval International S.A. (Switzerland), Alfa Laval Corporate AB (Sweden), John Bean Technologies Corporation (JBT) Corporation (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 contributes to a major portion of the revenue providing a broad array of processing equipment, processing lines, filling machines, distribution equipment, and aseptic solutions to various sectors of food 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. Tetra Laval is focusing on the development through various expansions and acquisitions. The company actively participates in international conferences and seminars, using it as a platform for interaction purpose. The group has been linking agreements with renowned food & beverage companies for technological solutions. Tetra Pak launched a new Environmental Benchmarking Service 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 participates in R&D activities in collaboration with universities to exchange knowledge on the developments in the industries that it serves.
GEA Group is one of the leading technology suppliers for the food processing industry. The company provides customized solutions for food, dairy processing, dairy farming, beverage, pharma, chemical, marine, leisure & sport, land-based transportation, and utilities. GEA Group has its presence in over 50 countries across Asia Pacific, DACH & Eastern Europe, Western Europe, the Middle East & Africa, North and Central Europe, Latin America, and North 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. In 2016, about 20% of the revenue flow accrued to the dairy processing solution offered by the company. In January 2019, GEA Group launched DairyRobot R9500, which helps enhance the milking process. The launch of the product made the group a pioneer in the industry to launch Somatic Cell Count (SCC) monitors to continually analyze the milk flow from each quarter.
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SPX Flow 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. The food & beverage segment contributed approximately 37% of the company’s revenue in 2017. 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. 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 strengthen its operations in the Middle East. Through this partnership, the company would have access to the component, spare parts, support, and management services for SPX Flow’s customers in the dairy, food & beverage, and pharmaceutical sectors.
