Dairy Processing Equipment Market Growth Opportunities In Emerging Economies
Dairy Processing Equipment Industry Overview The global dairy processing equipment market size was worth USD 10.41 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 6.0% from 2020 to 2025. Globally, the increasing consumption and production of dairy products coupled with rise in the usage of the automation process for production are anticipated to boost the global market demand. Gather more insights about the market drivers, restrains and growth of the Dairy Processing Equipment Market Change in the taste, needs, & preference of consumers for healthy and palatable products is a major driving factor for the market. Technology advancements, rising consumption of processed milk products, and increasing production of dairy products in countries such as Australia, Germany, the Netherlands, and India are anticipated to boost the market over the forecast period. The U.S. market was valued at USD 935 million in 2019 and is predicted to ...