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Spray Drying Equipment Market by Type, Application, Flow Type, Cycle Type, Drying Stage And Region - Global Forecast to 2023

Spray Drying Equipment Market: Global Forecast until 2023

  • July 2018
  • 146 pages
  • ID: 4616922
In this report:
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Spray drying equipment market forecasted to grow at a CAGR (Compound annual growth rate) of 6.90 percent

The overall spray drying equipment market is projected at ~$4.4B in 2018. It is projected to extend ~$6.1B by 2023, at a compound annual growth rate (CAGR) of 6.90 percent from 2018.

Growing demand for ready-to-eat and functional food, reduction in thermal damage caused to the product, growth in shelf-life leading to improved logistics, technological innovations, and emerging applications in biotechnology are some of the important factors that are forecast to steer the increase of the spray drying equipment market during the review period.

Nevertheless, the high operation cost and changes in organoleptic properties of the final product are the main restraining factors for the spray drying equipment market.

Closed loop spray dryer segment, by spray dryer type, is expected to be the quickest-increasing from 2018 to 2023

The closed loop segment is expected to grow at the highest compound annual growth rate (CAGR) among all spray drying types from 2018 to 2023.Closed loop spray drying systems are ideal for handling solvents, heat-sensitive products, preventing oxidation of dried products, and providing an aseptic atmosphere.

Such advantages provided by closed loop spray dryers are forecast to steer the industry demand for this industry segment during the outlook period.

Food segment, by application, controled the industry in 2017

Spray dryer equipment find a wide range of applications in the food industry-starting from food ingredients to the conversion of fruit & vegetable juices into instant mixes, instant coffee mixes, and drying of eggs and dairy products. There are different types of spray dryers available that are used according to the product type and the nature of production, whether it is a batch or continuous production.

North America (NA) is projected to contribute the biggest market share in the overall spray drying equipment market in 2018

The North American spray drying equipment market held the biggest share, globally.The food ingredient and dairy sectors in this area have undergone comprehensive changes in terms of technological advancements and market investments in infrastructure.

The extraction and use of food additives and rise in demand for convenience food items including instant coffee and soup mixes have widened the scope for spray drying to facilitate quick production.

The dairy processing sector in the North American area is big, in terms of value importance, and contributes a larger share to the respective GDP of the respective countries. There are main players including Kraft Foods Group Inc. and Abbott Nutrition using the spray drying technique for processing their products. Additionally, the USA recorded for the biggest share of the North American spray drying equipment market; this is mainly driven by the increase in the number of milk powder manufacturers and use of spray drying in the food & beverage market.

The points below depict the breakdown of the primaries on the basis of company type, description, and area, conducted during the business research study.

• By Company category: Tier 1 - 52.0 percent, Tier 2 - 30.0 percent, and Tier 3 - 18.0 percent

• By Description: C-suite - 44.0 percent, and D-suite - 56.0 percent

• By Area: Asia Pacific (APAC) - 36.0 percent, Europe (EU) - 27.0 percent, North America continent - 26.0 percent, and rest of the world - 11.0 percent

Top actors in this sector contain GEA, SPX FLOW, Dedert Corporation, Buchi Labortechnik, European Spraydry Technologies LLP, Changzhou Lemar Drying Engineering Co. Ltd., Shandong Tianli Drying Technology and Equipment, Acmefil, New AVM Systech, C. E. Rogers, Advanced Drying System, and Labplant.

Segment Research

The analysis highlights on spray drying equipment products for various class and territories.It aims at evaluating the size and upcoming growth potential of this market across distinct segments-spray dryer type, application, flow type, cycle type, drying stage, and area.

Moreover, the market research includes a detailed competitive analysis of the top players in the sector together with their company descriptions, opposing landscape, recent evolutions, and key industries strategies.

Reasons to Buy This Report:

• To get a comprehensive overview of the overall spray drying equipment market

• To benefit wide-ranging information about the top actors in this market, their products review, and top strategies approved by them

• To benefit insights of the main countries/localities in which the spray drying equipment market is prospering

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