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Global Hand Sanitizer Market InsightJanuary 4, 2022 Comments
The dairy processing equipment is forecast to crazy increase over the next four years. According to the World Knowledge Information (WKI) “Global Hand Sanitizer Professional Survey Report 2021, Forecast to 2026”, With the rapid improvement of people’s health awareness and the impact of the COVID-19, the dairy processing equipment industry is developing at an incredible speed. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 5.8% base on WKI regression analysis model.
“The dairy industry is growing at a considerable rate and has bright prospects..” said Jimmy Joy, Senior analyst, Machinery and Equipment Market Research Center in WKI. “The market is witnessing growth due to the growing demand for dairy products due to the health and nutritional benefits they offer.”
Most of the dairy produce is consumed in the form of fresh dairy products. According to a report published by International Dairy federation, the share of fresh dairy products in the world global consumption is expected to increase rapidly up to 2026 due to stronger demand growth in countries like India and Pakistan, in particular, which in turn is driven by income and population growth. The dairy processing equipment market includes major Tier I and II suppliers like Tetra Laval, GEA Group, SPX Flow, IMA, The Krones Group. These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW. Though COVID-19 has impacted their businesses as well, there is no significant impact on the global operations and supply chain of their dairy processing equipment. Though this pandemic situation has impacted their businesses as well, there is no significant impact on the global operations and supply chain of their dairy processing equipment. Multiple manufacturing facilities of players are still in operation.
According to the Food and Agriculture Organization (FAO), a very few countries across the globe are self-sufficient in milk production. In the Asia Pacific region, Australia and New Zealand have surplus milk production, while countries like China and Japan experience a deficit in the production of milk, due to which, there is high scope for the import of dairy & dairy-based products in these countries. In June 2019, Alfa Laval introduced Think Top V 50/ V 70 which is a new and updated version of Think Top valve sensor. It is used as a hygiene valve in dairy, food & beverage, brewery, and pharmaceutical industries. In February 2019, GEA Group (Germany) secured a contract from Shijiazhuang Junlebao Dairy (China), to build a new facility catering to infant formula. This expansion would allow the company to expand its footprint in the infant formula business in China. Some of the leading players will include in our report: Tetra Pak, GEA, Krones, SPX FLOW, IMA Group, Alfa Laval, IDMC, IWAI, A&B Process Systems, JBT, Triowin, Groba B.V. and others.
Segmentation of Dairy Processing Equipment Market:
According to the type, the market for hand sanitizers is divided into pasteurized milk and UHT milk. A pasteurizer aids the process of pasteurization, which involves the heating of milk to a temperature below the boiling point for a period to kill the pathogens in it. The pasteurization involves heat-treatment processes and exposure to very low temperatures simultaneously which kills the harmful microorganisms and also inactive the dormant disease-causing spores if present. The rising concern for safety of dairy products amongst the COVID-19 is expected to increase the market for pasteurizers. The market is witnessing growth due to the growing demand for dairy products due to the health and nutritional benefits they offer. The increasing demand for dairy products in the global market has led to an increase in international trade of dairy products, thereby fuelling the market for processing equipment. With the rising health awareness among consumers about the benefits of dairy products, processed dairy products are gaining attention in international markets.
Dairy Processing Equipment Market: Regional Analysis
In terms of geography, the global hand sanitizer market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The governments in Japan and Korea have favourable government policies to support the growth and development of the dairy industries. Flavoured milk has also been gaining wide acceptance in the Asia Pacific region. India is the largest producer of milk in the world. Hence, the market for pasteurizers and homogenizers has been consistently rising in the Indian dairy processing equipment market. Europe driven by France, UK, Italy and Germany dairy processing equipment market may register strong gains over 3.8%. Stringent regulations pertaining to manufacturing and processing of milk – based products supported by quality standards has promoted use of efficient dairy equipment which may stimulate product demand. In addition, removal of milk quota by EU Common Agriculture Policy has promoted milk production in this region, thus stimulating processing equipment demand.
Largest share area：North America
Largest share country：America