The Europe Dairy Processing Equipment Market was worth $2.11 billion in 2016 and estimated to be growing at a CAGR of 5.2%, to reach $2.71 billion by 2021.
Hyderabad, India -- (SBWIRE) -- 03/20/2018 -- Milk is a beneficial nutritious sustenance that has a short life expectancy and necessities such as careful handling to deal with. Milk processing allows the safeguarding of milk for a considerable length of time, weeks and even months and diminishes food-borne infections. The processing of dairy items gives a small scale dairy marketers higher income than selling crude milk and proposes better prospects to achieve territorial and urban markets.
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The Europe Dairy Processing Equipment Market is estimated to have a value of USD 2.11 billion in 2016. With a CAGR of 5.2%, the market size is expected to grow rapidly to cross USD 2.71 billion by 2021.
The market growth is majorly driven by factors such as increasing demand for consumption of dairy products and technological advancements in dairy processing equipment. The augmented use of processed milk owing to its increased lifetime and growing urban population has led to the biggest share in terms of both volume and value of the processed milk segment.
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On the other hand, the evaporators and drying equipment segment is anticipated to be the fastest growing segment owing to the rising demand for protein concentrates requiring evaporators and drying
equipment.
Poor understanding in the customers regarding the advantages of processed milk is restricting the growth of the market.
As of now, Europe with its rapid urbanization and abolition of crude milk supplies by EU has led to its second biggest share of the Dairy Processing Equipment Market, with Asia-Pacific as the leading shareholder in the global market.
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The major market contributors for the Europe Dairy Processing Equipment Market are Reliable Milking Systems Inc., Automated Dairy Systems, DCI Inc., Dairy Creations Inc., Robert Reiser & Co. Inc., Agrometal Ltd., Kimaco Inc., Marlen Research Corp., Stephen Machinary Corp., Alfa Laval Inc., Indian Dairy Equipment Co., A&B Process Systems Corp., Scherjon Dairy Equipment Holland B.V., Ivarson Inc., Genemco Inc., Admix Inc., SSP Pvt Ltd., Feldmeier Equipment Inc., Tetra Pak International S.A. and Western Dairy Research Inc.
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