Dairy Processing Equipment Market 2020: Market Restraining Factors & Market Share

Market Restraining Factors:

Economic Slowdown and Outbreak of COVID-19 is Expected to Hinder the Market Growth

As per the secondary sources, the recent outbreak of COVID-19 is anticipated to hamper to market growth over coming years by more than 12%. Governments have reduced the global trade of non-essential products such as processed products limiting the market for the production milk, protein ingredients, and milk powders, thus limiting the sale of other dairy processed products.

Owing to the increasing spread of COVID-19, governments are imposing stringent lockdowns in countries, which is slowing the overall economic conditions and production capacities. This has impacted the new purchase decisions of organizations, thus hampering this type of equipment market.

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Pasteurizers to Hold Highest Market Share in the Forecast Period

The global market is segmented based on type, which is further sub-segmented into pasteurizers, homogenizers, separators, evaporators & drying equipment, membrane filtration equipment, and others (churning, etc.).

As of 2019, pasteurizers are expected to be the leading in the market, with a 24.3% share. Pasteurization aids in making products safe for consumption, along with improving the preservation quality, and retains the flavor for a longer period. Dairy pasteurizer equipment manufacturers are using efficient technologies to ensure a better quality of output of the dairy products.

Whereas, the evaporators & dryers’ segment is anticipated to grow at the maximum CAGR of during the forecast period. The demand for evaporator & dryer equipment from dairy processors is increasing in majorly every region with substantial growth from Europe, Asia-Pacific, and Latin America regions. Membrane Filtration Equipment is also expected to exhibit steady growth rate owing to the demand from developed markets. The consumers are considering stimulated milk products such as whey products & other milk protein dairy products. Moreover, separators and homogenizers are expected to have moderate growth during the forecast period owing to their limited scope of operation and also due to their longer shelf life span as compared to others.

The dairy processing equipment market report offers an elaborative analysis of numerous factors affecting globally in this market. These include opportunities, growth drivers, threats, key industry developments, and restraints. In addition to this, it further helps in analyzing, segmenting, and defining the market based on different segments such as type and application.