Spray Drying Equipment Market was valued at USD 5,909 million in 2021 and is projected to reach USD 9,207 million in 2029, growing at a CAGR of 5.7% during the forecast period.
The factors driving the growth of Spray Drying Equipment Market includes rise in the consumption of ready-to-eat food products, growing consumers preference for convenient food items, expansion of the pharmaceutical and chemical industries and improvements in the living standards. Moreover, technological advancements in spray drying equipment, increasing availability of infant formula and baby food products at distribution channels, changing lifestyles, rapid urbanization and rise in the launch of innovative products, are some of the additional factors supplementing the Spray Drying Equipment Market size. In addition, the increasing investments by major corporations on research and development, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.
Request a free sample of this report
However, growth of the Spray Drying Equipment Market is hindered due to high operation and installation cost of spray drying equipment.
The major players operating in the Drying Equipment Market are European Spraydry Technologies LLP, Changzhou Lemar Drying Engineering Co. Ltd., Shandong Tianli Drying Technology and Equipment, GEA, SPX FLOW, Dedert Corporation, Acmefil, New AVM Systech, C. E. Rogers, and Buchi Labortechnik, among others.
Based on Type, the Rotary atomizer segment is predicted to dominate the market during the forecast period
Increasing use of rotary atomizer to produce fine particle size for non-viscous fluids, is propelling ray Drying Equipment Market share.
Based on Application, the Food segment is projected to grow at the fastest rate over the forecast period
Increasing use of spray drying equipment to make dairy products such as cheese, buttermilk, and butter, is pushing growth of the segment.
Based on Region, the North America region is anticipated to capture a sizeable market share during the forecast
Growing demand for diary food products, rapid growth in the pharmaceutical and nutraceutical industries, rising popularity of ready-to-eat food products, technological advancements in spray drying equipment and high per capita incomes, are some of the important factors augmenting the market growth in North American region.
Market Segmentation
Segmentation by Type
Segmentation by Application
Segmentation by Drying Stage
Segmentation by Flow Type
Segmentation by Region
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/
Please complete the following requested information to flag this post and report abuse, or offensive content. Your report will be reviewed within 24 hours. We will take appropriate action as described in Findit terms of use.