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Spray Drying Equipment Market Worth $7.19 Billion By 2025 Due To Rising Shift Towards Functional And Ready-To-Eat Food Products With An Improved Shelf Life: Grand View Research Inc.

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Spray Drying Equipment Market Worth $7.19 Billion By 2025 Due To Rising Shift Towards Functional And Ready-To-Eat Food Products With An Improved Shelf Life: Grand View Research Inc.

February 18
06:18 2021
Spray Drying Equipment Market Worth $7.19 Billion By 2025 Due To Rising Shift Towards Functional And Ready-To-Eat Food Products With An Improved Shelf Life: Grand View Research Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a report published by Grand View Research, the rising preference for functional and ready-to-eat (RTE) food products along with the emphasis of food processing firms on the launch of new products with an improved shelf life is expected to fuel the market growth.

According to a report, “Spray Drying Equipment Market Size, Share & Trends Analysis Report By Cycle (Open, Closed), By Product (Rotary, Nozzle Atomizer), By Stage (Single-Stage, Two-Stage), By Flow, By Application, And Segment Forecasts, 2019 – 2025” published by Grand View Research, Inc., the global spray drying equipment market size is estimated to reach USD 7.19 billion by 2025 registering a CAGR of 6.8%. Spray drying envisages transforming a liquid, slurry, or semi-solid feed into a dried powder form using hot gas. It is a widely preferred method to dry food materials, pharmaceutical products, and other temperature-sensitive items, such as dairy products. Moreover, the rising need to increase the shelf-life of processed food and pharmaceutical products is opening new growth opportunities in the food processing and pharmaceutical industries. Thus, demand from the dairy processing industry for producing milk powder and stabilizing the milk constituents and from the pharmaceutical industry for producing antibiotics is anticipated to drive the market.

The demand for nutrition products including whey protein, mass gainer, egg white protein, casein protein has increased due to rising awareness about leading a healthy lifestyle and preventing disorders, such as obesity, diabetes, and high BP. This, in turn, has also augmented the demand for dryers from the nutraceutical industry. Increasing demand for resins and polymers in line with the growing usage of synthetics has triggered the demand for drying Suspension Polyvinyl Chloride (S-PVC), Emulsion Polyvinyl Chloride (E-PVC), and other chemicals required for producing building pipes, cable insulations, and hard and soft foils, among others. Demand for spray dryers for industrial purposes is further expected to drive the market during the forecast period.

The growing need for application-specific dryers is also offering new growth opportunities for companies to develop innovative equipment. For instance, the risk of explosion and emission of hazardous gases while drying chemical and pharmaceutical products has led to the development of closed-loop dryers. Similarly, the need to process and produce powder particles in bulk quantities is leading to the significant adoption of three-stage equipment. However, high installation and maintenance costs and the inability of spray dryers to process highly-viscous materials, such as starch and fruit pulp, may hinder the market growth over the forecast period.

U.S. spray drying equipment market size, by stage, 2015 - 2025 (USD Billion)

Spray Drying Equipment Market Report Highlights

  1. On the basis of product, the nozzle atomizer segment held the largest market share of 41.2% of the global market in 2018 owing to the significant adoption of nozzle atomizer-based equipment to produce coarser and free-flowing powders.

  2. Detailing the stage insights, the two-stage segment accounted for the largest market share of more than 40% in 2018 and is estimated to maintain the dominance in the future owing to the increasing demand for these dryers across various industrial applications.

  3. The open cycle segment accounted for the largest market share of more than 65% in 2018 and is likely to maintain the dominance in the years to come.

  4. On the basis of application, the food & dairy segment was the largest application segment in 2018 owing to the significant adoption of the equipment for producing infant products, egg powder, and coffee powder.

  5. The chemical segment is expected to register the fastest CAGR during the forecast period. The growth can be attributed to the increasing product adoption in the chemical industry for spray drying polymers, resins, and other intermediates of chemical products.

  6. The North America region accounted for the largest market share of more than 30% in 2018 due to the quick adoption of new and emerging technologies by key companies to improve the overall efficiency and ensure optimum product quality.

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Spray Drying Equipment Market Segmentation

Grand View Research has segmented the global spray drying equipment market on the basis of product, stage, cycle, flow, application, and region:

Spray Drying Equipment Product Outlook (Revenue, USD Million, 2015 – 2025)

  1. Rotary Atomizer

  2. Nozzle Atomizer

  3. Fluidized

  4. Centrifugal

Spray Drying Equipment Stage Outlook (Revenue, USD Million, 2015 – 2025)

  1. Single-Stage

  2. Two-Stage

  3. Multi-Stage

Spray Drying Equipment Cycle Outlook (Revenue, USD Million, 2015 – 2025)

  1. Open

  2. Closed

Spray Drying Equipment Flow Outlook (Revenue, USD Million, 2015 – 2025)

  1. Co-Current

  2. Counter-Current

  3. Mixed Flow

Spray Drying Equipment Application Outlook (Revenue, USD Million, 2015 – 2025)

  1. Food & Dairy

  2. Pharmaceuticals & Nutraceuticals

  3. Chemical

  4. Others

Spray Drying Equipment Regional Outlook (Revenue, USD Million, 2015 – 2025)

  1. North America

    1. The U.S.

    2. Canada

    3. Mexico

  2. Europe

    1. The U.K.

    2. Germany

    3. France

    4. Spain

    5. Italy

  3. Asia Pacific

    1. China

    2. India

    3. Japan

    4. South Korea

    5. Australia

  4. South America

    1. Brazil

    2. Argentina

  5. MEA (Middle East & Africa)

Key Players in the Spray Drying Equipment Market

  1. GEA Group AG

  2. G. Larsson Starch Technology AB

  3. SPX FLOW, Inc.

  4. Dedert Corporation

  5. Shandong Tianli Drying Technology and Equipment Co., Ltd.

  6. Hemraj Enterprises

  7. New AVM Systech Pvt. Ltd.

  8. BÜCHI Labortechnik AG

  9. Yamato Scientific America, Inc.

  10. Swenson Technology, Inc.

  11. Tetra Pak International S.A.

  12. Saka Engineering Systems Private Ltd.

  13. Tetra Pak International S.A.

  14. Acmefil Engineering Systems Pvt. Ltd.

Have Any Query? Ask Our Experts for More Details on Report:https://www.grandviewresearch.com/inquiry/4471/ibb

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About Grand View Research

Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

Media Contact
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Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/spray-drying-equipment-market