Dairy Processing Equipment Global Market Opportunities and Strategies to 2034

This report describes and explains the dairy processing equipment market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global dairy processing equipment market reached a value of nearly $11.28 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.30% since 2019. The market is expected to grow from $11.28 billion in 2024 to $15.07 billion in 2029 at a rate of 5.96%. The market is then expected to grow at a CAGR of 5.57% from 2029 and reach $19.77 billion in 2034.

Growth in the historic period resulted from the expansion of cold chain infrastructure, growth of the food and beverage sector, growth of dairy exports and demand for processed and packaged products. Factors that negatively affected growth in the historic period were fluctuating raw material costs and volatility in energy costs.

Going forward, the rising global demand for dairy products consumption, growth in dairy farming and milk production, favorable government initiatives and rising popularity of functional and fortified food will drive the growth. Factor that could hinder the growth of the dairy processing equipment market in the future include resistance to technology adoption among traditional dairies, inadequate infrastructure and impact of trade war and tariff.

Asia Pacific was the largest region in the dairy processing equipment market, accounting for 35.18% or $3.97 billion of the total in 2024. It was followed by Western Europe, North America and then the other regions. Going forward, the fastest-growing regions in the dairy processing equipment market will be Asia Pacific and South America where growth will be at CAGRs of 6.85% and 6.74% respectively. These will be followed by Africa and Middle East where the markets are expected to grow at CAGRs of 6.22% and 6.10% respectively.

The global dairy processing equipment markets is fairly fragmented, with large number of players operating in the market. The top 10 competitors in the market made up 18.09% of the total market in 2024. The GEA Group AG was the largest competitor with 2.69% share of the market, followed by Spx Flow Inc. with 2.34%, Tetra Pak Inc. with 2.04%, Alfa Laval AB with 1.92%, JBT Corporation with 1.83%, Bühler Group with 1.75%, Krones AG with 1.70%, Coperion GmbH with 1.65%, Flottweg GmbH with 1.16% and IMA S.p.A. with 1.01%.

The dairy processing equipment market is segmented by type into pasteurizers, homogenizers, evaporators, separators, membrane filtration equipment and other types. The pasteurizers market was the largest segment of the dairy processing equipment market segmented by type, accounting for 29.63% or $3.34 billion of the total in 2024. Going forward, the homogenizers segment is expected to be the fastest growing segment in the dairy processing equipment market segmented by type, at a CAGR of 7.34% during 2024-2029.

The dairy processing equipment market is segmented by operation into automatic and semi-automatic. The automatic market was the largest segment of the dairy processing equipment market segmented by operation, accounting for 59.08% or $6.66 billion of the total in 2024. Going forward, the automatic segment is expected to be the fastest growing segment in the dairy processing equipment market segmented by operation, at a CAGR of 6.88% during 2024-2029.

The dairy processing equipment market is segmented by application into processed milk, yogurt, cheese, milk powder, protein ingredients and other applications. The processed milk market was the largest segment of the dairy processing equipment market segmented by application, accounting for 30.02% or $3.38 billion of the total in 2024. Going forward, the cheese segment is expected to be the fastest growing segment in the dairy processing equipment market segmented by application, at a CAGR of 7.63% during 2024-2029.

The top opportunities in the dairy processing equipment market segmented by type will arise in the pasteurizers segment, which will gain $1.11 billion of global annual sales by 2029. The top opportunities in the dairy processing equipment market segmented by operation will arise in the automatic segment, which will gain $2.63 billion of global annual sales by 2029. The top opportunities in the dairy processing equipment market segmented by application will arise in the processed milk segment, which will gain $1.13 billion of global annual sales by 2029. The dairy processing equipment market size will gain the most in the USA at $489.57 million.

Market-trend-based strategies for the dairy processing equipment market include focus on developing energy efficient homogenizers to reduce operational costs and lower environmental impact, focus on developing advanced cooling systems to improve operational reliability, enhance energy efficiency and support sustainable production practices, focus on launching of fully automatic production line to enhance operational efficiency, enable real-time monitoring and analytics, focus on strategic partnership and collaboration to improve their product portfolio and expand export capabilities and focus on developing advanced filtration systems with reverse osmosis technology to concentrate dairy components efficiently, reduce water usage and enhance product quality.

Player-adopted strategies in the dairy processing equipment market include focus on strategic new launches.

To take advantage of the opportunities, the analyst recommends the dairy processing equipment market companies to focus on energy-efficient equipment to improve cost and performance metrics, focus on advanced cooling systems to improve efficiency and product quality, focus on fully automatic production lines to increase efficiency and product consistency, focus on reverse osmosis filtration to improve yield and reduce resource use, focus on homogenizers to capture highest growth opportunities, focus on automatic equipment to maximize long-term growth, expand in emerging markets, continue to focus on developed markets, provide competitively priced offerings, continue to use b2b promotions, focus on strategic partnerships to expand market reach and capabilities and focus on cheese processing to capitalize on strongest growth potential.

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