Dairy Processing Equipment Market 2020: Impact of Covid19 on Industry

Posted June 30, 2020 by Aashi_K

The global dairy processing equipment market size was USD 9.70 billion in 2019 and is projected to reach USD 13.67 billion by 2027, exhibiting a CAGR of 5.4% during the forecast period.

The rising shift in consumer preference will subsequently foster the growth of the market in the forthcoming years. The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Coronavirus Spread to Hamper Sales Prospects

The COVID-19 outbreak is likely to hinder the growth of the market during the global pandemic. The reduction in production capacities and trade of non-essential products including machinery and equipment will affect the market negatively. The strict government norms concerning the distribution of products will limit the scope for dairy products such as processed milk, protein ingredients, and milk powders. Similarly, the lockdown in several countries will inhibit the production and distribution of dairy products, which in turn, will aggravate the market in the foreseeable future. However, the shift from meat-based to dairy-based protein products will unequivocally profit the dairy industry amid coronavirus, in turn, stimulating the growth of the market.

The Report lists the Main the Companies in the Dairy Processing Equipment Market:
 GEA Group (Germany)
 JBT Corporation (United States)
 SPX Flow Inc. (United States)
 Alfa Laval (Sweden)
 Krones AG (Germany)
 Paul Mueller Company (United States)
 Tetra Pak International SA (Switzerland)
 IMA Group (Italy)
 Feldmeier Equipment INC. (United States)
 Scherjon Dairy Equipment Holland B.V. (The Netherlands)
 Caloris Engineering LLC (United States)

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/dairy-processing-equipment-market-102862
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Categories Business , Finance , Food
Tags industry , dairy , processing , equipments , market research , Report , manufacturing , machines
Last Updated June 30, 2020