Dairy Processing Equipment Market Size

Dairy Processing Equipment Market Size

Dairy Processing Equipment Market size crossed USD 10.5 billion in 2020 and is estimated to grow at a CAGR of over 5.5% during the forecast period. The growing use of dairy processing equipment by food processing manufacturers into various products such as processed milk, butter, cheese, yogurt etc. is expected to spur the market growth. Favorable government regulation, adoption of advanced manufacturing technologies and consistently growing demand from dairy and processed food industry, will support the market expansion over the projected timeframe.

To get key market trends

  Download Free Sample

Irregular eating habits due to busy work schedules and negligence of proper diet can lead to digestive disorders and illnesses. Increasing the proportion of fast food in daily diet can also lead to health problems. Growing health consciousness has encouraged consumers to opt for more convenient and easily available options to complete their daily nutrient requirement. It has been observed that functional food products such as fortified dairy products such as milk, protein shakes, yogurt etc. have experienced significant growth in last few years. Growing disposable income has allowed the consumer to spend more on these products.

Furthermore, growing infant population is expected to spur the demand of milk and milk-based products. Processed milk, milk powder and protein concentrates are used in infant formulae, cereals and number of baby food due to their high nutrient content. They offer various vitamins, minerals, proteins which are beneficial for overall growth of infants. Increasing consumption of infant formulae due to raising concerns of infant’s health and wellness will set out business, open doors and lift the market development over the anticipated time span.