The global dairy processing equipment market in 2023

December 7, 2023

According to the Business Research Company’s global market report, the global dairy processing equipment market has demonstrated a resilient growth pattern, surging from €9.09 billion in 2022 to €9.88 billion in 2023, marking a compound annual growth rate (CAGR) of 8.6%.

This growth trajectory is primarily fueled by the escalating consumption of dairy products worldwide. Dairy items like cheese, butter, and yogurt, derived from mammalian milk, necessitate sophisticated processing to enhance shelf life and ensure safety.

Innovating dairy processing with advanced technologies

A notable trend within this sector is the constant pursuit of technological advancements. Companies are investing in innovative solutions to fortify their market positions. For instance, in September 2021, Lyras, Inc., a US-based firm, introduced a cold pasteurisation technology. This method, distinct from conventional heat-based techniques, leverages ultraviolet (UV) light to inactivate bacteria, thus preserving the natural flavour and extending the shelf life of dairy products. Moreover, this technology is touted to be more eco-friendly, consuming significantly less energy and water, and reducing CO2 emissions and the need for cleaning chemicals.

Segment-specific growth in the dairy processing equipment market

Looking ahead, the dairy processing equipment market is anticipated to continue its growth trajectory, reaching an estimated €12.52 billion by 2027, with a CAGR of 6.1%. The market is segmented into various categories, including equipment types like pasteurisers and homogenisers, operational modes such as automatic and semi-automatic, and applications covering processed milk, cheese, and more.

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