Originally published on Technavio:Analysis of Food Spray Drying Equipment Market Application, Product, Type, and Geography - Forecast and Outlook 2023-2027
Overview:
The Food Spray Drying Equipment Market is poised for significant growth, with an estimated increase of USD 618.62 million between 2022 and 2027, projecting a Compound Annual Growth Rate (CAGR) of 5.01%. The market's expansion is attributed to various factors including the escalating adoption of infant formula, expansion in food processing plants, and the rising demand for fortified and Ready-to-Eat (RTE) food products.
Market Dynamics:
Our research, spanning years with 2022 as the base year and 2023 as the estimated year, reveals key drivers, trends, and challenges shaping the market.
Key Driver:
The surge in infant formula adoption propels growth in the food spray equipment market. Infant formula, crucial for its high nutritional content and ease of digestion, serves as a substitute for breastfeeding, notably favored amidst lifestyle changes and rising working mothers. Concerns over product safety, particularly sparked by contamination incidents in China, drive parents to seek foreign-made alternatives, intensifying imports. Consequently, manufacturers are poised to enhance production and expand facilities, particularly in countries like China, spurring opportunities for new spray drying equipment installation.
Major Trends:
The utilization of spray drying equipment for food encapsulation emerges as a prominent trend. Spray dryers facilitate microencapsulation of food materials, offering permanence, fluidity, and economic viability. Microencapsulation aids in enzyme immobilization, reducing contamination risks, and masking undesirable tastes and odors in polyphenols. Notably, encapsulation of anthocyanins, known for their antioxidative and anti-inflammatory properties, is achieved through spray drying. Such advancements drive market growth by catering to diverse food product encapsulation needs.
Significant Challenge:
Stringent regulations governing food spray drying pose a major challenge. Compliance with food safety and hygiene regulations, including those prescribed by regulatory bodies like the Food and Drug Administration (FDA), necessitates meticulous adherence. Manufacturers face complexities in adhering to Jewish dietary laws and hygienic equipment design standards. Additionally, explosible dust in food manufacturing entails safety precautions. Such regulatory hurdles, coupled with associated costs, present challenges impeding market growth.
Market Segmentation by Application, Product, Type, and Geography:
Application Segment Analysis:
The milk products segment dominates market growth, particularly in milk powder production. Spray drying facilitates the production of various milk products including skimmed milk powder, whole milk powder, and infant formula. The technology aids in water removal and preservation, extending shelf life by eliminating microorganisms.
Product Segment Analysis:
Among spray dryer types, two-stage spray dryers hold the largest market share, favored for industrial drying purposes. Offering advantages such as enhanced evaporation, lower operational costs, and improved product quality, two-stage spray dryers are preferred over single-stage counterparts.
Regional Analysis:
Asia-Pacific (APAC) emerges as a significant contributor, projected to account for 37% of market growth by 2027. The region witnesses substantial growth driven by the burgeoning dairy product market in countries like China and India. Urbanization and changing consumer lifestyles in developing nations fuel demand for fortified food products, bolstering the need for food processing equipment including spray drying equipment.
Major Companies in the Food Spray Drying Equipment Market:
Companies employ diverse strategies including alliances, mergers, and acquisitions to bolster market presence.
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Acmefil Engineering Systems Pvt. Ltd. offers Lab scale pilot spray dryers, Rotary atomizer-type spray dryers, and Effluent spray dryers.
Advanced Drying Systems provides SS spray dryers and Pilot spray dryers.
The report provides comprehensive analyses of 15 market players, including BUCHI Labortechnik AG, Carrier Process Equipment Group Inc., and GEA Group AG.
The report forecasts market growth at global, regional, and country levels from 2017 to 2027, offering insights into market trends, growth opportunities, and challenges.
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Technavio Research
Jesse Maida
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