World Dairy Processing Equipment Market to Grow at 5.9% CAGR through 2021, Predicts KBV Research in Its New Report Available at MarketPublishers.com05 Dec 2017 • by Natalie Aster
LONDON – Escalating demand for dairy products, growing dairy production, increasing demand for palatable and healthier dairy products, and changing needs, preferences and tastes amid consumers are the key factors fueling growth in the dairy processing equipment market. Through to 2023, the world’s market for dairy processing equipment is anticipated to grow at a 5.9% CAGR to reach the value of USD 12.6 billion.
Costs associated with the usage of energy/power in the operation of processing equipment is the main restraint of the market growth.
Prominent companies engaged in the global dairy processing equipment industry include SPX Corporation, Scherjon Equipment Holland B.V., GEA Group, Tetra Laval International S.A., The Krones Group, Alfa Laval AB, JBT Corporation, IMA Group, Feldmeier Equipment.
New research publication “Global Dairy Processing Equipment Market Analysis (2017-2023)” worked out by KBV Research is a reliable source of data pertaining to the performance of the world’s dairy processing equipment market with in-depth insights into the key market segments and insightful overview of the prevailing trends across the major geographical markets.
This research study discloses info on the key market growth stimulating and hampering factors, pinpoints top opportunities and challenges, delves into the competitive landscape and profiles the leading players. It touches upon the historical development patterns and also characterises the present scenario in the market. Besides, this publication provides future forecasts for the dairy processing equipment market up till 2023.
For other in-demand research reports by this publisher visit the KBV Research online catalogue at MarketPublishers.com.