Global Dairy Processing Equipment to Reach USD 12.5 Bn by 2023, Expects KBV Research in Its New Report Now Available at MarketPublishers.com13 Dec 2017 • by Natalie Aster
LONDON – By the year 2023, the global market for dairy processing equipment is likely to follow an upward trend, registering a modest, healthy CAGR of 5.9%. The market value is set to amount to USD 12.5 billion by late 2023. Sustained uptake in the dairy processing equipment market is attributed to such growth driving factors as escalating demand for dairy products, changes in consumers’ needs, taste and preferences; steadily rising dairy production, enhancing popularity of and need for healthier and palatable dairy products, amidst others. Moreover, surging awareness of health has fueled the need for processed dairy products like skimmed milk amid the end users.
On the other hand, the global dairy processing equipment market growth may be considerably challenges by high power and energy costs associated with the operation of processing equipment.
New research report “Global Dairy Processing Equipment Market Analysis (2017-2023)” recently issued by KBV Research offers a detailed market analysis together with profound insights into the market segmentation based on types, applications and geography. Moreover, the report traces light on the market dynamics, covers the major market growth drivers and barriers. It delves deep into the market landscape, canvasses the prevailing development trends, pinpoints the emerging growth challenges and opportunities. The competitive landscape is thoroughly examined here and profiles of the top market players are included. Besides, an all-round future outlook for the dairy processing equipment market to 2023 is also at hand in this new insightful research publication.
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