Spray Drying Equipment Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Spray Drying Equipment Market: Snapshot
The main factors boosting the demand for spray drying equipment is the fact that this form of drying helps in increasing the shelf life of products, thereby helping in logistics. The damage caused on products by spray drying is minimal and therefore the demand for spray drying equipment is anticipated to soar in the period from 2017 to 2025, in comparison to the heat drying equipment. The growing demand for ready to eat food products and urbanized lifestyle are two other factors responsible for the demand for these equipment. In addition to these, a growth in disposable income and increasing health awareness among consumers shall drive the growth prospects of the global spray drying market in the near future.
Spray drying remains the most preferred technique for drying thermally sensitive materials such as foods and pharmaceuticals, which is expected to boost the demand for spray drying equipment. They are also used extensively for drying industrial items such as catalysts. The report also enlists key factors hampering the growth of the global spray drying equipment market in the years to come. High maintenance cost of these equipment is one of the key challenges. In addition to this, the operating cost of spray drying equipment is also high. However, looking at a positive outlook, the flourishing food products industry will drive the growth prospects for the market as spray drying is increasingly adopted for food encapsulation.
Global Spray Drying Equipment Market: Overview
The global spray drying equipment market is slated to expand at a good clip in the near future. The different types of equipment available in the market are rotary atomizer, nozzle atomizer, closed loop, fluidized, and centrifugal, among others, including customized and laboratory-specific mini spray dryers. Among them, the nozzle atomizer spray dryer, which are needed for products which require the consistency of a coarse powder, holds a leading share in the market. The powder spray dryer is mainly applied in food products that are sensitive to heat.
A report by TMR Research throws light on important facets of the global market for spray drying equipment. It furnishes a qualitative analysis of the growth drivers and restraints in the market and chronicles the prevalent trends in it. The report is a comprehensive collection of historical, current, and projected data about the market. It offers an assessment of where the market stands today and where it is headed.
The report also offers a detailed assessment of the competitive landscape and identifies key players contributing towards the growth of the global market for spray drying equipment. Market-leading analytical tools have also be been leveraged to gauge the opportunities and threats awaiting players.
Global Spray Drying Equipment Market: Trends and Opportunities
Majorly boosting the global market for spray drying equipment is the soaring popularity of ready to-eat and functional food and beverages. In fact, the food industry is slated to account for maximum share of the market in the years to come because of the widespread use of spray drying equipment in different processes, ranging from producing food ingredients to conversion of vegetable and fruits juices into instant mixes, drying of eggs and milk to dairy products, and instant coffee mixes.
There are three main drying stages – single stage, two stage, and multiple stage. A noticeable trend in the global market for spray drying equipment market is the swift adoption of two stage spray dryer resulting in the segment outpacing the others in terms of growth. In fact, the spray dryer equipment market has been boosted by the application of more than one stage drying process in the food and pharmaceutical industries.
Global Spray Drying Equipment Market: Regional Outlook
North America, powered by the U.S. and Canada, accounts for a leading position in the global market for spray drying equipment. This is because of the major demand for liquid milk alternatives and other diary products in the powdered form, which require spray drying equipment. The U.S. also has a substantial market for food ingredients and food additives which require spray drying for the desired consistency minus loss of the properties. Industrial applications also helps augment the market in the U.S.
In the years ahead, however, Asia Pacific is slated to outshine all other regions in terms of growth. China is expected to be the engine for growth in the region because of the explosive demand for milk powder. In the Rest of the World, Africa is a crucial market due to the growing coffee production.
Companies Mentioned in the Report
Some of the key players competing in the global market for spray drying equipment, profiled in the report are SPX Flow Technology, Dedert Corporation, European Spray Dry Technology LLP, Changzhou Lemar Drying Engineering Co. Ltd., Acmefil Engineering Systems Pvt. Ltd., and New AVM Systech Pvt. Ltd.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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