1	INTRODUCTION	29 
1.1	STUDY OBJECTIVES	29 
1.2	MARKET DEFINITION	30 
1.3	STUDY SCOPE	30 
1.3.1	MARKET SEGMENTATION	30 
FIGURE 1	DAIRY PROCESSING EQUIPMENT MARKET SEGMENTATION	30 
1.3.2	INCLUSIONS AND EXCLUSIONS	31 
1.3.3	REGIONS COVERED	31 
1.3.4	YEARS CONSIDERED	32 
1.4	UNIT CONSIDERED	32 
1.4.1	CURRENCY/VALUE UNIT	32 
TABLE 1	USD EXCHANGE RATES CONSIDERED, 2018–2022	33 
1.4.2	VOLUME UNIT	33 
1.5	STAKEHOLDERS	33 
1.6	SUMMARY OF CHANGES	34 
1.6.1	RECESSION IMPACT ANALYSIS	34 
2	RESEARCH METHODOLOGY	35 
2.1	RESEARCH DATA	35 
FIGURE 2	DAIRY PROCESSING EQUIPMENT MARKET: RESEARCH DESIGN	35 
2.1.1	SECONDARY DATA	36 
2.1.1.1	Key data from secondary sources	36 
2.1.2	PRIMARY DATA	36 
2.1.2.1	Key data from primary sources	37 
2.1.2.2	Breakdown of primary profiles	37 
FIGURE 3	BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION, AND REGION	37 
2.1.2.3	Key insights from industry experts	38 
2.2	MARKET SIZE ESTIMATION	38 
2.2.1	BOTTOM-UP APPROACH	39 
FIGURE 4	MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH	39 
2.2.2	TOP-DOWN APPROACH	40 
FIGURE 5	MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH	40 
2.2.2.1	Market size estimation: Supply side	41 
FIGURE 6	DAIRY PROCESSING EQUIPMENT MARKET SIZE CALCULATION: SUPPLY SIDE	41 
2.3	DATA TRIANGULATION	42 
FIGURE 7	DATA TRIANGULATION METHODOLOGY	42 
2.4	ASSUMPTIONS	43 
2.5	LIMITATIONS	44 
2.6	RECESSION IMPACT ANALYSIS	44 
FIGURE 8	RECESSION MACROINDICATORS	45 
FIGURE 9	GLOBAL INFLATION RATE, 2011–2022	45 
FIGURE 10	GLOBAL GDP, 2011–2022 (USD TRILLION)	46 
FIGURE 11	RECESSION INDICATORS AND THEIR IMPACT ON DAIRY PROCESSING EQUIPMENT MARKET	47 
FIGURE 12	GLOBAL DAIRY PROCESSING EQUIPMENT MARKET: EARLIER FORECAST VS. RECESSION FORECAST	47 
3	EXECUTIVE SUMMARY	49 
TABLE 2	DAIRY PROCESSING EQUIPMENT MARKET SNAPSHOT, 2023 VS. 2028	50 
FIGURE 13	DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2023 VS. 2028 (USD MILLION)	51 
FIGURE 14	DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION)	52 
FIGURE 15	DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023 VS. 2028 (USD MILLION)	52 
FIGURE 16	DAIRY PROCESSING EQUIPMENT MARKET, BY REGION, 2022	53 
4	PREMIUM INSIGHTS	54 
4.1	ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN DAIRY PROCESSING EQUIPMENT MARKET	54 
FIGURE 17	HEALTH AND WELLNESS TRENDS TO DRIVE GROWTH OF DAIRY PROCESSING EQUIPMENT MARKET	54 
4.2	ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION AND KEY COUNTRY	54 
FIGURE 18	AUTOMATIC SEGMENT AND INDIA ACCOUNTED FOR SIGNIFICANT MARKET SHARES IN 2022	54 
4.3	DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION AND REGION	55 
FIGURE 19	ASIA PACIFIC TO BE DOMINANT MARKET FOR AUTOMATIC AND SEMI-AUTOMATIC EQUIPMENT DURING FORECAST PERIOD	55 
4.4	DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE	56 
FIGURE 20	PASTEURIZERS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD	56 
4.5	DAIRY PROCESSING EQUIPMENT MARKET: MAJOR REGIONAL SUBMARKETS	56 
FIGURE 21	INDIA TO ACCOUNT FOR LARGEST SHARE IN 2023	56 
5	MARKET OVERVIEW	57 
5.1	INTRODUCTION	57 
FIGURE 22	MILK PROCESSING: PROCESS FLOW DIAGRAM	58 
5.2	EVOLUTION	58 
FIGURE 23	DAIRY PROCESSING EVOLUTION	58 
TABLE 3	HISTORY OF DAIRY PROCESSING	59 
5.3	MACROECONOMIC INDICATORS	59 
5.3.1	GLOBALIZATION OF DAIRY INDUSTRY	59 
FIGURE 24	CHINA: IMPORTS OF CHEESE, 2019–2023 (THOUSAND TONS)	60 
5.3.2	HEALTH AND WELLNESS TRENDS	60 
5.4	MARKET DYNAMICS	61 
FIGURE 25	MARKET DYNAMICS: DAIRY PROCESSING EQUIPMENT MARKET	61 
5.4.1	DRIVERS	62 
5.4.1.1	Growth in demand for dairy products	62 
FIGURE 26	US: PER CAPITA CONSUMPTION OF DAIRY PRODUCTS, 2000–2021 (POUNDS)	62 
5.4.1.1.1	Growth in production of milk due to increasing consumption of dairy products	62 
FIGURE 27	GLOBAL MILK AND MILK PRODUCTS PRODUCTION, 2020–2022 (THOUSAND TONS)	63 
5.4.1.2	Adoption of efficiency-enhancing technologies by dairy product manufacturers	63 
5.4.1.2.1	Increase in traction for UHT milk and milk products	64 
5.4.1.2.2	Demand for multifunctional dairy equipment	64 
5.4.1.3	Increase in concerns about food safety and quality	64 
5.4.1.4	Increase in automation offered by technology providers	65 
5.4.1.5	Abolition of milk quota in European Union	65 
5.4.1.6	Standardization in product quality and extended shelf-life	66 
5.4.2	RESTRAINTS	66 
5.4.2.1	Increase in energy costs	66 
5.4.2.2	Health risks associated with whey protein	67 
5.4.3	OPPORTUNITIES	67 
5.4.3.1	Investments and funding by government and non-government bodies	67 
5.4.3.2	Growth in emphasis on environmental and sustainability concerns	68 
5.4.3.3	Increase in production of dairy products in emerging economies	69 
FIGURE 28	MILK PRODUCTION SHARE PER REGION, 2021	69 
5.4.3.4	Expansion of product lines to cater to emerging applications	69 
5.4.3.4.1	Infant formula	70 
5.4.3.4.2	Energy & sports drinks	70 
5.4.3.4.3	Fortified products	70 
5.4.3.4.4	Carbonated dairy-based beverages	71 
5.4.4	CHALLENGES	71 
5.4.4.1	High capital investment	71 
TABLE 4	INITIAL SETUP COST OF ULTRAFILTRATION SYSTEM (USD)	71 
TABLE 5	INITIAL SETUP COST OF DAIRY PROCESSING PLANT WITH PRODUCTION CAPACITY OF 300,000 LITERS PER DAY	72 
5.4.4.2	Growth in demand for plant-based products	72 
5.4.4.2.1	Growth in consumer preferences for vegan products	73 
5.4.4.2.2	Rise in incidences of lactose intolerance & allergies leading to reduced dairy consumption	73 
TABLE 6	LACTOSE-INTOLERANT POPULATION, 2020	74 
5.4.4.3	Adulteration of dairy products to deteriorate quality	74 
TABLE 7	SAFETY AND FRAUD ISSUES RELATING TO MILK AND MILK PRODUCTS FOUND IN GREY LITERATURE, 2018–2019	75 
6	INDUSTRY TRENDS	76 
6.1	INTRODUCTION	76 
6.2	VALUE CHAIN ANALYSIS	76 
FIGURE 29	DAIRY PROCESSING EQUIPMENT MARKET: VALUE CHAIN ANALYSIS	76 
6.2.1	RESEARCH & DEVELOPMENT	77 
6.2.2	INPUTS	77 
6.2.3	PROCESSING	77 
6.2.4	LOGISTICS & DISTRIBUTION	77 
6.2.5	MARKETING & SALES	78 
6.3	SUPPLY CHAIN ANALYSIS	78 
FIGURE 30	DAIRY PROCESSING EQUIPMENT MARKET: SUPPLY CHAIN ANALYSIS	79 
6.4	TECHNOLOGY ANALYSIS	79 
6.4.1	AUTOMATION AND ROBOTICS	79 
6.4.2	ENZYME-BASED CLEANING-IN-PLACE (CIP) IN DAIRY PROCESSING	80 
6.5	PATENT ANALYSIS	80 
TABLE 8	LIST OF MAJOR PATENTS PERTAINING TO DAIRY PROCESSING EQUIPMENT MARKET, 2013–2022	80 
FIGURE 31	NUMBER OF PATENTS GRANTED, 2013–2023	82 
FIGURE 32	REGIONAL ANALYSIS OF PATENTS GRANTED	82 
6.6	ECOSYSTEM MARKET MAP	83 
6.6.1	DEMAND SIDE	83 
6.6.2	SUPPLY SIDE	83 
FIGURE 33	DAIRY PROCESSING EQUIPMENT MARKET: MARKET MAP	84 
TABLE 9	DAIRY PROCESSING EQUIPMENT MARKET: ECOSYSTEM	85 
6.7	TRADE ANALYSIS	86 
TABLE 10	IMPORT VALUE OF DAIRY PROCESSING EQUIPMENT MARKET FOR KEY COUNTRIES, 2022 (USD THOUSAND)	86 
TABLE 11	EXPORT VALUE OF DAIRY PROCESSING EQUIPMENT MARKET FOR KEY COUNTRIES, 2022 (USD THOUSAND)	86 
6.8	PRICING ANALYSIS	87 
6.8.1	INDICATIVE PRICING ANALYSIS, BY TYPE	87 
TABLE 12	DAIRY PROCESSING EQUIPMENT MARKET: INDICATIVE PRICING, BY TYPE (USD PER UNIT)	87 
6.8.2	INDICATIVE PRICING ANALYSIS, BY REGION	87 
TABLE 13	DAIRY PROCESSING EQUIPMENT MARKET: INDICATIVE PRICING, BY REGION (USD PER UNIT)	87 
6.9	TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES	88 
FIGURE 34	TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESSES	88 
6.10	KEY CONFERENCES AND EVENTS	89 
TABLE 14	KEY CONFERENCES AND EVENTS IN DAIRY PROCESSING EQUIPMENT MARKET, 2023–2024	89 
6.11	TARIFF AND REGULATORY LANDSCAPE	89 
6.11.1	REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	89 
TABLE 15	NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	89 
TABLE 16	EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	90 
TABLE 17	ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	90 
6.11.2	REGULATORY FRAMEWORK	90 
6.11.3	COUNTRY-WISE REGULATORY AUTHORITIES FOR DAIRY PROCESSING EQUIPMENT	91 
6.11.3.1	North America	91 
6.11.3.1.1	US	91 
6.11.3.1.2	Canada	93 
6.11.3.2	Europe	94 
6.11.3.3	Asia Pacific	94 
6.11.3.3.1	China	94 
6.11.3.3.2	Japan	95 
6.11.3.3.3	Australia and New Zealand	95 
6.12	PORTER’S FIVE FORCES ANALYSIS	96 
TABLE 18	DAIRY PROCESSING EQUIPMENT MARKET: PORTER’S FIVE FORCES ANALYSIS	96 
6.12.1	INTENSITY OF COMPETITIVE RIVALRY	96 
6.12.2	BARGAINING POWER OF SUPPLIERS	96 
6.12.3	BARGAINING POWER OF BUYERS	97 
6.12.4	THREAT OF SUBSTITUTES	97 
6.12.5	THREAT OF NEW ENTRANTS	97 
6.13	KEY STAKEHOLDERS AND BUYING CRITERIA	97 
6.13.1	KEY STAKEHOLDERS IN BUYING PROCESS	97 
FIGURE 35	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR MODE OF OPERATION	98 
TABLE 19	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR MODE OF OPERATION	98 
6.13.2	BUYING CRITERIA	98 
TABLE 20	KEY CRITERIA FOR SELECTING SUPPLIER/VENDOR	98 
FIGURE 36	KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS	99 
6.14	CASE STUDY ANALYSIS	99 
6.14.1	MODERNIZING PRACTICES IN PROMINENT DAIRY PROCESSING FACILITY WITH HELP OF ENSIGHT LIKWIFER’S INNOVATIVE BLENDER	99 
6.14.2	BURRA FOODS UPGRADED SKIMMED MILK PROCESSING WITH HRS’ HEAT EXCHANGERS	100 
  
7	DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE	101 
7.1	INTRODUCTION	102 
FIGURE 37	DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2023 VS. 2028 (USD MILLION)	103 
TABLE 21	DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2018–2022 (USD MILLION)	103 
TABLE 22	DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2023–2028 (USD MILLION)	104 
7.2	PASTEURIZERS	104 
7.2.1	RISE IN CONCERNS FOR FOOD SAFETY, COUPLED WITH ABILITY TO EXTEND SHELF LIFE OF DAIRY PRODUCTS	104 
TABLE 23	PASTEURIZERS MARKET, BY REGION, 2018–2022 (USD MILLION)	106 
TABLE 24	PASTEURIZERS MARKET, BY REGION, 2023–2028 (USD MILLION)	106 
7.3	HOMOGENIZERS	106 
7.3.1	INTEGRAL ROLE IN ENHANCING TEXTURE AND APPEARANCE OF DAIRY ITEMS	106 
TABLE 25	HOMOGENIZERS MARKET, BY REGION, 2018–2022 (USD MILLION)	107 
TABLE 26	HOMOGENIZERS MARKET, BY REGION, 2023–2028 (USD MILLION)	108 
7.4	MIXERS & BLENDERS	108 
7.4.1	CRUCIAL ROLE IN ENSURING UNIFORMITY IN QUALITY OF DAIRY PRODUCTS QUALITY	108 
TABLE 27	MIXERS & BLENDERS MARKET, BY REGION, 2018–2022 (USD MILLION)	109 
TABLE 28	MIXERS & BLENDERS MARKET, BY REGION, 2023–2028 (USD MILLION)	109 
7.5	SEPARATORS	110 
7.5.1	DEMAND FOR DIVERSE DAIRY PRODUCTS WITH SPECIFIC FAT CONTENT	110 
TABLE 29	SEPARATORS MARKET, BY REGION, 2018–2022 (USD MILLION)	111 
TABLE 30	SEPARATORS MARKET, BY REGION, 2023–2028 (USD MILLION)	111 
7.6	EVAPORATORS	111 
7.6.1	NUTRITIONAL INNOVATION AND HEALTH TRENDS TO SPUR DEMAND FOR EVAPORATORS	111 
TABLE 31	EVAPORATORS MARKET, BY REGION, 2018–2022 (USD MILLION)	112 
TABLE 32	EVAPORATORS MARKET, BY REGION, 2023–2028 (USD MILLION)	113 
7.7	DRYERS	113 
7.7.1	NEED FOR ENHANCED SHELF LIFE AND PRESERVATION TO PROPEL DEMAND FOR DRYERS	113 
TABLE 33	DRYERS MARKET, BY REGION, 2018–2022 (USD MILLION)	114 
TABLE 34	DRYERS MARKET, BY REGION, 2023–2028 (USD MILLION)	114 
7.8	MEMBRANE FILTRATION EQUIPMENT	114 
7.8.1	INDUSTRY COMPLIANCE AND QUALITY STANDARDS TO FUEL DEMAND FOR MEMBRANE FILTRATION EQUIPMENT	114 
TABLE 35	MEMBRANE FILTRATION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)	116 
TABLE 36	MEMBRANE FILTRATION EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION)	116 
  
7.9	OTHER TYPES	116 
TABLE 37	OTHER DAIRY PROCESSING EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)	117 
TABLE 38	OTHER DAIRY PROCESSING EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION)	117 
8	DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION	118 
8.1	INTRODUCTION	119 
FIGURE 38	DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION)	119 
TABLE 39	DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	120 
TABLE 40	DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	120 
8.2	PROCESSED MILK	120 
8.2.1	NEED FOR REGULATORY COMPLIANCE AND CONSUMER SAFETY IN MILK CONSUMPTION	120 
TABLE 41	DAIRY PROCESSING EQUIPMENT MARKET FOR PROCESSED MILK, BY REGION, 2018–2022 (USD MILLION)	121 
TABLE 42	DAIRY PROCESSING EQUIPMENT MARKET FOR PROCESSED MILK, BY REGION, 2023–2028 (USD MILLION)	122 
8.3	FRESH DAIRY PRODUCTS	122 
8.3.1	SHIFT IN CONSUMER TRENDS TOWARD HEALTHIER DESSERTS AND GOURMET CUISINES	122 
TABLE 43	DAIRY PROCESSING EQUIPMENT MARKET FOR FRESH DAIRY PRODUCTS, BY REGION, 2018–2022 (USD MILLION)	123 
TABLE 44	DAIRY PROCESSING EQUIPMENT MARKET FOR FRESH DAIRY PRODUCTS, BY REGION, 2023–2028 (USD MILLION)	123 
8.4	BUTTER & BUTTERMILK	123 
8.4.1	CROSS-CULTURAL ADOPTION OF BUTTER & BUTTERMILK	123 
TABLE 45	FORMULATION DIFFERENCES IN NORMAL SALTED BUTTER AND INDIAN BUTTER	124 
TABLE 46	DAIRY PROCESSING EQUIPMENT MARKET FOR BUTTER & BUTTERMILK, BY REGION, 2018–2022 (USD MILLION)	125 
TABLE 47	DAIRY PROCESSING EQUIPMENT MARKET FOR BUTTER & BUTTERMILK, BY REGION, 2023–2028 (USD MILLION)	125 
8.5	CHEESE	125 
8.5.1	EXPANSION OF QUICK-SERVICE RESTAURANTS AND WESTERNIZATION OF DIETS IN ASIA PACIFIC	125 
TABLE 48	DAIRY PROCESSING EQUIPMENT MARKET FOR CHEESE, BY REGION, 2018–2022 (USD MILLION)	126 
TABLE 49	DAIRY PROCESSING EQUIPMENT MARKET FOR CHEESE, BY REGION, 2023–2028 (USD MILLION)	127 
8.6	MILK POWDER	127 
8.6.1	EXTENDED SHELF LIFE AND APPLICATION IN INFANT FORMULA PRODUCTION	127 
TABLE 50	DAIRY PROCESSING EQUIPMENT MARKET FOR MILK POWDER, BY REGION, 2018–2022 (USD MILLION)	128 
TABLE 51	DAIRY PROCESSING EQUIPMENT MARKET FOR MILK POWDER, BY REGION, 2023–2028 (USD MILLION)	128 
8.7	PROTEIN INGREDIENTS	129 
8.7.1	INCREASE IN AWARENESS REGARDING IMPORTANCE OF PROTEIN IN DIETS, ALONG WITH SURGE IN GYM MEMBERSHIPS	129 
TABLE 52	DAIRY PROCESSING EQUIPMENT MARKET FOR PROTEIN INGREDIENTS, BY REGION, 2018–2022 (USD MILLION)	130 
TABLE 53	DAIRY PROCESSING EQUIPMENT MARKET FOR PROTEIN INGREDIENTS, BY REGION, 2023–2028 (USD MILLION)	130 
9	DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION	131 
9.1	INTRODUCTION	132 
FIGURE 39	DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023 VS. 2028 (USD MILLION)	132 
TABLE 54	DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	133 
TABLE 55	DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	133 
9.2	AUTOMATIC	133 
9.2.1	CONTAMINATION PREVENTION AND CONSISTENT PRODUCT QUALITY REQUIREMENTS IN DAIRY INDUSTRY	133 
TABLE 56	AUTOMATIC DAIRY PROCESSING EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)	134 
TABLE 57	AUTOMATIC DAIRY PROCESSING EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION)	134 
9.3	SEMI-AUTOMATIC	135 
9.3.1	OPERATIONAL FLEXIBILITY AND AFFORDABILITY OF SEMI-AUTOMATIC PROCESSING EQUIPMENT IN DAIRY INDUSTRY	135 
TABLE 58	SEMI-AUTOMATIC DAIRY PROCESSING EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)	135 
TABLE 59	SEMI-AUTOMATIC DAIRY PROCESSING EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION)	136 
10	DAIRY PROCESSING EQUIPMENT MARKET, BY REGION	137 
10.1	INTRODUCTION	138 
FIGURE 40	DAIRY PROCESSING EQUIPMENT MARKET: GEOGRAPHIC SNAPSHOT, 2023–2028 (USD MILLION)	139 
TABLE 60	DAIRY PROCESSING EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)	139 
TABLE 61	DAIRY PROCESSING EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION)	140 
10.2	NORTH AMERICA	140 
10.2.1	NORTH AMERICA: RECESSION IMPACT ANALYSIS	141 
FIGURE 41	NORTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2017–2022	141 
TABLE 62	MEXICO: FOOD INFLATION, 2022 VS. 2023 (MXN/KG)	142 
FIGURE 42	NORTH AMERICA: RECESSION IMPACT ANALYSIS, 2022 VS. 2023	142 
TABLE 63	NORTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)	142 
TABLE 64	NORTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)	143 
TABLE 65	NORTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2018–2022 (USD MILLION)	143 
TABLE 66	NORTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2023–2028 (USD MILLION)	143 
TABLE 67	NORTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	144 
TABLE 68	NORTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	144 
TABLE 69	NORTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	144 
TABLE 70	NORTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	145 
10.2.2	US	145 
10.2.2.1	Surging US dairy exports and growing domestic production propel demand for advanced processing equipment	145 
FIGURE 43	US: MILK PRODUCTION VOLUME, 2013–2022 (MILLION POUNDS)	145 
FIGURE 44	US: KEY MARKETS FOR DAIRY EXPORTS, 2020–2022 (USD BILLION)	146 
TABLE 71	US: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	147 
TABLE 72	US: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	147 
TABLE 73	US: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	147 
TABLE 74	US: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	148 
10.2.3	CANADA	148 
10.2.3.1	Sustained government support and innovation initiatives in Canada’s dairy processing sector	148 
FIGURE 45	CANADA: DAIRY PRODUCT EXPORTS & IMPORTS, 2017–2022 (USD MILLION)	148 
TABLE 75	CANADA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	149 
TABLE 76	CANADA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	150 
TABLE 77	CANADA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	150 
TABLE 78	CANADA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	150 
10.2.4	MEXICO	150 
10.2.4.1	Limited infrastructure and high consumption of dairy products	150 
TABLE 79	MEXICO: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	151 
TABLE 80	MEXICO: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	152 
TABLE 81	MEXICO: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	152 
TABLE 82	MEXICO: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	152 
10.3	EUROPE	153 
FIGURE 46	EUROPE: DAIRY PROCESSING EQUIPMENT MARKET SNAPSHOT	154 
10.3.1	EUROPE: RECESSION IMPACT ANALYSIS	154 
FIGURE 47	EUROPE: COUNTRY-LEVEL INFLATION DATA, 2017–2022	155 
FIGURE 48	EUROPE: RECESSION IMPACT ANALYSIS, 2022 VS. 2023	156 
TABLE 83	EUROPE: DAIRY PROCESSING EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)	156 
TABLE 84	EUROPE: DAIRY PROCESSING EQUIPMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)	157 
TABLE 85	EUROPE: DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2018–2022 (USD MILLION)	157 
TABLE 86	EUROPE: DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2023–2028 (USD MILLION)	158 
TABLE 87	EUROPE: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	158 
TABLE 88	EUROPE: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	158 
TABLE 89	EUROPE: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	159 
TABLE 90	EUROPE: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	159 
10.3.2	GERMANY	159 
10.3.2.1	Shift in consumer preferences to organic and healthier food products in Germany	159 
TABLE 91	GERMANY: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	160 
TABLE 92	GERMANY: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	160 
TABLE 93	GERMANY: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	161 
TABLE 94	GERMANY: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	161 
10.3.3	UK	161 
10.3.3.1	Government initiatives to expand dairy exports set in UK	161 
FIGURE 49	UK: DAIRY TRADE DATA, 2020–2021 (METRIC TON)	162 
TABLE 95	UK: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	162 
TABLE 96	UK: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	163 
TABLE 97	UK: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	163 
TABLE 98	UK: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	163 
10.3.4	FRANCE	164 
10.3.4.1	Proactive support from major dairy producers to facilitate development of dairy industry in France	164 
TABLE 99	FRANCE: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	164 
TABLE 100	FRANCE: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	165 
TABLE 101	FRANCE: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	165 
TABLE 102	FRANCE: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	165 
10.3.5	ITALY	166 
10.3.5.1	Food safety concerns and increase in consumer awareness in Italy	166 
TABLE 103	ITALY: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	166 
TABLE 104	ITALY: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	167 
TABLE 105	ITALY: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	167 
TABLE 106	ITALY: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	167 
10.3.6	NETHERLANDS	168 
10.3.6.1	Export-oriented dairy industry and high per capita cheese consumption in Netherlands	168 
FIGURE 50	NETHERLANDS: DAIRY EXPORT REVENUES, 2020 (USD BILLION)	168 
TABLE 107	NETHERLANDS: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	169 
TABLE 108	NETHERLANDS: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	169 
TABLE 109	NETHERLANDS: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	169 
TABLE 110	NETHERLANDS: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	170 
10.3.7	REST OF EUROPE	170 
TABLE 111	REST OF EUROPE: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	171 
TABLE 112	REST OF EUROPE: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	171 
TABLE 113	REST OF EUROPE: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	171 
TABLE 114	REST OF EUROPE: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	172 
10.4	ASIA PACIFIC	172 
FIGURE 51	ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET SNAPSHOT	173 
10.4.1	ASIA PACIFIC: RECESSION IMPACT ANALYSIS	173 
FIGURE 52	ASIA PACIFIC: INFLATION RATES, BY KEY COUNTRY, 2017–2022	174 
FIGURE 53	ASIA PACIFIC: RECESSION IMPACT ANALYSIS, 2022 VS. 2023	175 
TABLE 115	ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)	175 
TABLE 116	ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)	175 
TABLE 117	ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2018–2022 (USD MILLION)	176 
TABLE 118	ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2023–2028 (USD MILLION)	176 
TABLE 119	ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	177 
TABLE 120	ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	177 
TABLE 121	ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	177 
TABLE 122	ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	178 
10.4.2	CHINA	178 
10.4.2.1	Increase in consumption of dairy products in China	178 
TABLE 123	CHINA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	179 
TABLE 124	CHINA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	179 
TABLE 125	CHINA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	179 
TABLE 126	CHINA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	180 
10.4.3	INDIA	180 
10.4.3.1	Increase in milk production and growing appetite for dairy products in India	180 
FIGURE 54	COMMODITY-WISE SHARE OF ORGANIZED DAIRY EQUIPMENT, 2019	181 
TABLE 127	INDIA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	181 
TABLE 128	INDIA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	182 
TABLE 129	INDIA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	182 
TABLE 130	INDIA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	182 
10.4.4	JAPAN	183 
10.4.4.1	Health-conscious trends and government initiatives in Japan	183 
FIGURE 55	JAPAN: PRODUCTION OF PROCESSED MILK PRODUCTS, 2018–2022 (METRIC TONS)	183 
TABLE 131	JAPAN: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	184 
TABLE 132	JAPAN: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	184 
TABLE 133	JAPAN: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	184 
TABLE 134	JAPAN: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	185 
10.4.5	AUSTRALIA & NEW ZEALAND	185 
10.4.5.1	Export-oriented dairy industry in Australia & New Zealand	185 
FIGURE 56	AUSTRALIA: UTILIZATION OF MILK IN DAIRY PROCESSING INDUSTRY, 2021–2022 (VOLUME)	185 
TABLE 135	AUSTRALIA & NEW ZEALAND: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	186 
TABLE 136	AUSTRALIA & NEW ZEALAND: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	187 
TABLE 137	AUSTRALIA & NEW ZEALAND: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	187 
TABLE 138	AUSTRALIA & NEW ZEALAND: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	187 
10.4.6	REST OF ASIA PACIFIC	187 
TABLE 139	REST OF ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	188 
TABLE 140	REST OF ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	189 
TABLE 141	REST OF ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	189 
TABLE 142	REST OF ASIA PACIFIC: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	189 
10.5	SOUTH AMERICA	190 
10.5.1	SOUTH AMERICA: RECESSION IMPACT ANALYSIS	190 
FIGURE 57	SOUTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2017–2022	190 
FIGURE 58	SOUTH AMERICA: RECESSION IMPACT ANALYSIS, 2022 VS. 2023	191 
TABLE 143	SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)	191 
TABLE 144	SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)	192 
TABLE 145	SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2018–2022 (USD MILLION)	192 
TABLE 146	SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2023–2028 (USD MILLION)	192 
TABLE 147	SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	193 
TABLE 148	SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	193 
TABLE 149	SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	193 
TABLE 150	SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	194 
10.5.2	BRAZIL	194 
10.5.2.1	Shift in consumer preferences toward processed milk products in Brazil	194 
TABLE 151	BRAZIL: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	195 
TABLE 152	BRAZIL: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	195 
TABLE 153	BRAZIL: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	195 
TABLE 154	BRAZIL: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	196 
10.5.3	ARGENTINA	196 
10.5.3.1	Rise in processed milk product production and government policy shifts in Argentina	196 
TABLE 155	ARGENTINA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	197 
TABLE 156	ARGENTINA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	197 
TABLE 157	ARGENTINA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	197 
TABLE 158	ARGENTINA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	198 
10.5.4	REST OF SOUTH AMERICA	198 
TABLE 159	REST OF SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	198 
TABLE 160	REST OF SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	199 
TABLE 161	REST OF SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	199 
TABLE 162	REST OF SOUTH AMERICA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	199 
10.6	REST OF THE WORLD (ROW)	200 
10.6.1	ROW: RECESSION IMPACT ANALYSIS	200 
FIGURE 59	ROW: INFLATION RATES, BY KEY COUNTRY, 2017–2022	200 
FIGURE 60	ROW: RECESSION IMPACT ANALYSIS, 2022 VS. 2023	201 
TABLE 163	ROW: DAIRY PROCESSING EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)	201 
TABLE 164	ROW: DAIRY PROCESSING EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION)	201 
TABLE 165	ROW: DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2018–2022 (USD MILLION)	202 
TABLE 166	ROW: DAIRY PROCESSING EQUIPMENT MARKET, BY TYPE, 2023–2028 (USD MILLION)	202 
TABLE 167	ROW: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	202 
TABLE 168	ROW: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	203 
TABLE 169	ROW: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	203 
TABLE 170	ROW: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	203 
10.6.2	AFRICA	204 
10.6.2.1	Untapped potential and rise in demand for various dairy products in Africa	204 
TABLE 171	AFRICA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	204 
TABLE 172	AFRICA: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	205 
TABLE 173	AFRICA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	205 
TABLE 174	AFRICA: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	205 
10.6.3	MIDDLE EAST	206 
10.6.3.1	Growth in demand for healthier diets and food security initiatives in Middle East	206 
TABLE 175	MIDDLE EAST: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)	206 
TABLE 176	MIDDLE EAST: DAIRY PROCESSING EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	207 
TABLE 177	MIDDLE EAST: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2018–2022 (USD MILLION)	207 
TABLE 178	MIDDLE EAST: DAIRY PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION, 2023–2028 (USD MILLION)	207 
11	COMPETITIVE LANDSCAPE	208 
11.1	OVERVIEW	208 
11.2	MARKET SHARE ANALYSIS	208 
TABLE 179	DAIRY PROCESSING EQUIPMENT MARKET: DEGREE OF COMPETITION, 2022	209 
11.3	KEY PLAYER STRATEGIES/RIGHT TO WIN	209 
TABLE 180	STRATEGIES ADOPTED BY KEY PLAYERS IN DAIRY PROCESSING EQUIPMENT MARKET	209 
11.4	REVENUE ANALYSIS	212 
FIGURE 61	SEGMENTAL REVENUE ANALYSIS OF KEY MARKET PLAYERS, 2018–2022 (USD BILLION)	212 
11.5	KEY PLAYERS’ ANNUAL REVENUE VS. GROWTH	213 
FIGURE 62	ANNUAL REVENUE, 2022 (USD BILLION) VS. REVENUE GROWTH, 2020–2022	213 
11.6	KEY PLAYERS EBITDA	214 
FIGURE 63	EBITDA, 2022 (USD BILLION)	214 
11.7	GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS	214 
FIGURE 64	DAIRY PROCESSING EQUIPMENT MARKET: GLOBAL SNAPSHOT OF KEY PARTICIPANTS, 2022	214 
11.8	COMPANY EVALUATION MATRIX: KEY PLAYERS	215 
11.8.1	STARS	215 
11.8.2	EMERGING LEADERS	215 
11.8.3	PERVASIVE PLAYERS	215 
11.8.4	PARTICIPANTS	216 
FIGURE 65	COMPANY EVALUATION MATRIX FOR KEY PLAYERS, 2022	216 
11.8.5	COMPANY FOOTPRINT: KEY PLAYERS	217 
TABLE 181	OVERALL COMPANY FOOTPRINT FOR KEY PLAYERS	217 
TABLE 182	COMPANY FOOTPRINT FOR KEY PLAYERS, BY APPLICATION	218 
TABLE 183	COMPANY FOOTPRINT FOR KEY PLAYERS, BY TYPE	219 
TABLE 184	COMPANY FOOTPRINT FOR KEY PLAYERS, BY REGION	220 
11.9	STARTUP/SME EVALUATION MATRIX	220 
11.9.1	PROGRESSIVE COMPANIES	220 
11.9.2	RESPONSIVE COMPANIES	220 
11.9.3	DYNAMIC COMPANIES	221 
11.9.4	STARTING BLOCKS	221 
FIGURE 66	COMPANY EVALUATION MATRIX FOR STARTUPS/SMES, 2022	221 
11.9.5	COMPETITIVE BENCHMARKING	222 
TABLE 185	DAIRY PROCESSING EQUIPMENT MARKET: DETAILED LIST OF KEY STARTUPS/SMES	222 
TABLE 186	DAIRY PROCESSING EQUIPMENT MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES	223 
11.10	COMPETITIVE SCENARIO AND TRENDS	224 
11.10.1	NEW PRODUCT LAUNCHES	224 
TABLE 187	DAIRY PROCESSING EQUIPMENT MARKET: PRODUCT LAUNCHES, 2019–2023	224 
11.10.2	DEALS	226 
TABLE 188	DAIRY PROCESSING EQUIPMENT MARKET: DEALS, 2019–2023	226 
11.10.3	OTHERS	228 
TABLE 189	DAIRY PROCESSING EQUIPMENT MARKET: OTHERS, 2019–2023	228 
12	COMPANY PROFILES	231 
(Business overview, Products offered, Recent developments & MnM View)* 
12.1	KEY PLAYERS	231 
12.1.1	GEA GROUP AKTIENGESELLSCHAFT	231 
TABLE 190	GEA GROUP AKTIENGESELLSCHAFT: BUSINESS OVERVIEW	231 
FIGURE 67	GEA GROUP AKTIENGESELLSCHAFT: COMPANY SNAPSHOT	232 
TABLE 191	GEA GROUP AKTIENGESELLSCHAFT: PRODUCTS OFFERED	232 
TABLE 192	GEA GROUP AKTIENGESELLSCHAFT: PRODUCT LAUNCHES	236 
TABLE 193	GEA GROUP AKTIENGESELLSCHAFT: OTHERS	236 
12.1.2	SPX FLOW	239 
TABLE 194	SPX FLOW: BUSINESS OVERVIEW	239 
FIGURE 68	SPX FLOW: COMPANY SNAPSHOT	240 
TABLE 195	SPX FLOW: PRODUCTS OFFERED	240 
TABLE 196	SPX FLOW: PRODUCT LAUNCHES	243 
TABLE 197	SPX FLOW: DEALS	243 
TABLE 198	SPX FLOW: OTHERS	244 
12.1.3	TETRA LAVAL	246 
TABLE 199	TETRA LAVAL: BUSINESS OVERVIEW	246 
FIGURE 69	TETRA LAVAL: COMPANY SNAPSHOT	247 
TABLE 200	TETRA LAVAL: PRODUCTS OFFERED	247 
TABLE 201	TETRA LAVAL: OTHERS	250 
12.1.4	ALFA LAVAL	252 
TABLE 202	ALFA LAVAL: BUSINESS OVERVIEW	252 
FIGURE 70	ALFA LAVAL: COMPANY SNAPSHOT	253 
TABLE 203	ALFA LAVAL: PRODUCTS OFFERED	253 
TABLE 204	ALFA LAVAL: OTHERS	255 
12.1.5	JBT	256 
TABLE 205	JBT: BUSINESS OVERVIEW	256 
FIGURE 71	JBT: COMPANY SNAPSHOT	257 
TABLE 206	JBT: PRODUCTS OFFERED	257 
TABLE 207	JBT: PRODUCT LAUNCHES	258 
TABLE 208	JBT: DEALS	259 
TABLE 209	JBT: OTHERS	259 
12.1.6	BUCHER INDUSTRIES	261 
TABLE 210	BUCHER INDUSTRIES: BUSINESS OVERVIEW	261 
FIGURE 72	BUCHER INDUSTRIES: COMPANY SNAPSHOT	262 
TABLE 211	BUCHER INDUSTRIES: PRODUCTS OFFERED	262 
12.1.7	THE MIDDLEBY CORPORATION	264 
TABLE 212	THE MIDDLEBY CORPORATION: BUSINESS OVERVIEW	264 
FIGURE 73	THE MIDDLEBY CORPORATION: COMPANY SNAPSHOT	265 
TABLE 213	THE MIDDLEBY CORPORATION: PRODUCTS OFFERED	265 
TABLE 214	THE MIDDLEBY CORPORATION: DEALS	266 
12.1.8	KRONES AG	267 
TABLE 215	KRONES AG: BUSINESS OVERVIEW	267 
FIGURE 74	KRONES AG: COMPANY SNAPSHOT	268 
TABLE 216	KRONES AG: PRODUCTS OFFERED	268 
12.1.9	IDMC LIMITED	270 
TABLE 217	IDMC LIMITED: BUSINESS OVERVIEW	270 
TABLE 218	IDMC LIMITED: PRODUCTS OFFERED	270 
12.1.10	FELDMEIER EQUIPMENT, INC.	272 
TABLE 219	FELDMEIER EQUIPMENT, INC.: BUSINESS OVERVIEW	272 
TABLE 220	FELDMEIER EQUIPMENT, INC.: PRODUCTS OFFERED	272 
12.1.11	SCHERJON EQUIPMENT HOLLAND B.V.	273 
TABLE 221	SCHERJON EQUIPMENT HOLLAND B.V.: BUSINESS OVERVIEW	273 
TABLE 222	SCHERJON EQUIPMENT HOLLAND B.V.: PRODUCTS OFFERED	273 
TABLE 223	SCHERJON EQUIPMENT HOLLAND B.V.: PRODUCT LAUNCHES	273 
12.1.12	COPERION GMBH	275 
TABLE 224	COPERION GMBH: BUSINESS OVERVIEW	275 
TABLE 225	COPERION GMBH: PRODUCTS OFFERED	275 
12.1.13	VAN DEN HEUVEL DAIRY & FOOD EQUIPMENT	277 
TABLE 226	VAN DEN HEUVEL DAIRY & FOOD EQUIPMENT: BUSINESS OVERVIEW	277 
TABLE 227	VAN DEN HEUVEL DAIRY & FOOD EQUIPMENT: PRODUCTS OFFERED	277 
12.1.14	GEMAK	279 
TABLE 228	GEMAK: BUSINESS OVERVIEW	279 
TABLE 229	GEMAK: PRODUCTS OFFERED	279 
12.1.15	ANDERSON DAHLEN, INC.	281 
TABLE 230	ANDERSON DAHLEN, INC.: BUSINESS OVERVIEW	281 
TABLE 231	ANDERSON DAHLEN, INC.: PRODUCTS OFFERED	281 
12.2	OTHER PLAYERS	283 
12.2.1	NEOLOGIC ENGINEERS PRIVATE LIMITED	283 
TABLE 232	NEOLOGIC ENGINEERS PRIVATE LIMITED: BUSINESS OVERVIEW	283 
TABLE 233	NEOLOGIC ENGINEERS PRIVATE LIMITED: PRODUCTS OFFERED	283 
12.2.2	GOMA	285 
TABLE 234	GOMA: BUSINESS OVERVIEW	285 
TABLE 235	GOMA: PRODUCTS OFFERED	285 
12.2.3	TNA AUSTRALIA PTY LIMITED	287 
TABLE 236	TNA AUSTRALIA PTY LIMITED: BUSINESS OVERVIEW	287 
TABLE 237	TNA AUSTRALIA PTY LIMITED: PRODUCTS OFFERED	287 
12.2.4	FENCO FOOD MACHINERY S.R.L	289 
TABLE 238	FENCO FOOD MACHINERY S.R.L: BUSINESS OVERVIEW	289 
TABLE 239	FENCO FOOD MACHINERY S.R.L: PRODUCTS OFFERED	289 
12.2.5	HRS HEAT EXCHANGERS	291 
TABLE 240	HRS HEAT EXCHANGERS: BUSINESS OVERVIEW	291 
TABLE 241	HRS HEAT EXCHANGERS: PRODUCTS OFFERED	291 
12.2.6	SEALTECH ENGINEERS	293 
TABLE 242	SEALTECH ENGINEERS: BUSINESS OVERVIEW	293 
TABLE 243	SEALTECH ENGINEERS: PRODUCTS OFFERED	293 
12.2.7	DAIRY TECH INDIA	295 
TABLE 244	DAIRY TECH INDIA: BUSINESS OVERVIEW	295 
12.2.8	VINO TECHNICAL SERVICES	296 
TABLE 245	VINO TECHNICAL SERVICES: BUSINESS OVERVIEW	296 
12.2.9	SSP PVT LTD.	297 
TABLE 246	SSP PVT. LTD.: BUSINESS OVERVIEW	297 
12.2.10	SKYLARK ENGINEERS	298 
TABLE 247	SKYLARK ENGINEERS: BUSINESS OVERVIEW	298 
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies. 
13	ADJACENT AND RELATED MARKETS	299 
13.1	INTRODUCTION	299 
TABLE 248	MARKETS ADJACENT TO DAIRY PROCESSING EQUIPMENT MARKET	299 
13.2	RESEARCH LIMITATIONS	299 
13.3	FOOD & BEVERAGE PROCESSING EQUIPMENT MARKET	299 
13.3.1	MARKET DEFINITION	299 
13.3.2	MARKET OVERVIEW	300 
13.3.3	FOOD & BEVERAGE PROCESSING EQUIPMENT MARKET, BY TYPE	300 
TABLE 249	FOOD & BEVERAGE PROCESSING EQUIPMENT MARKET, BY TYPE, 2018–2022 (USD MILLION)	301 
TABLE 250	FOOD & BEVERAGE PROCESSING EQUIPMENT MARKET, BY TYPE, 2023–2028 (USD MILLION)	301 
13.3.4	FOOD & BEVERAGE PROCESSING EQUIPMENT MARKET, BY REGION	301 
TABLE 251	FOOD & BEVERAGE PROCESSING EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)	302 
TABLE 252	FOOD & BEVERAGE PROCESSING EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION)	302 
13.4	BAKERY PROCESSING EQUIPMENT MARKET	302 
13.4.1	MARKET DEFINITION	302 
13.4.2	MARKET OVERVIEW	302 
13.4.3	BAKERY PROCESSING EQUIPMENT MARKET, BY TYPE	303 
TABLE 253	BAKERY PROCESSING EQUIPMENT MARKET, BY TYPE, 2016–2020 (USD MILLION)	303 
TABLE 254	BAKERY PROCESSING EQUIPMENT MARKET, BY TYPE, 2021–2026 (USD MILLION)	304 
13.4.4	BAKERY PROCESSING EQUIPMENT MARKET, BY REGION	304 
TABLE 255	BAKERY PROCESSING EQUIPMENT MARKET, BY REGION, 2016–2020 (USD MILLION)	305 
TABLE 256	BAKERY PROCESSING EQUIPMENT MARKET, BY REGION, 2021–2026 (USD MILLION)	305 
14	APPENDIX	306 
14.1	DISCUSSION GUIDE	306 
14.2	KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL	311 
14.3	CUSTOMIZATION OPTIONS	313 
14.4	RELATED REPORTS	313 
14.5	AUTHOR DETAILS	314 |