According to a research report "Spray Drying Equipment Market by Type (Rotary Atomizer, Nozzle Atomizer, Fluidized, Centrifugal, Closed Loop), Cycle, Flow Type (Co-Current, Counter Current and Mixed), Operating Principle, Capacity, Drying Stage, Application - Global Forecast to 2027" published by MarketsandMarkets, the global spray drying equipment market size is estimated to be valued at USD 5.1 billion in 2022 and is projected to reach USD 6.8 billion by 2027, recording a CAGR of 5.9% in terms of value.
The Asia Pacific region is projected to be the fastest-growing market for spray drying equipment
China and Japan accounted for a major market share in the Asia Pacific region. The growth potential of the infant formula and baby food markets in countries such as China, Japan, and India have resulted in an increase in demand for spray drying equipment.
In recent years, the Asia Pacific food encapsulation market has grown significantly. Encapsulation is used in food, dietary supplements, functional food, and other products. The rise in consumer demand for nutritional products is attributed to the markets expansion. As the spray drying process is widely used in food encapsulation techniques, the Asia Pacific spray drying equipment market is expected to expand.
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The Major Players are GEA Group (Germany), SPX Flow (US), Shandong Tianli Drying Technology and Equipment (China), Büchi Labortechnik (Switzerland), European Spraydry Technologies (UK), Dedert Corporation (US), Changzhou Lemar Drying Engineering (China), Acmefil Engineering Systems Pvt. Ltd (India), New AVM Systech (India), Advanced Drying Systems (India), Labplant (UK), Swenson Technology Inc. (US), Yamato Scientific America (US), Tetra Pak International S.A (Switzerland), G Larsson Starch Technology Ab (Sweden).
Spray drying equipment is a technology used to convert liquid or slurry-based feedstock into dry powder form. This equipment works by spraying the liquid feedstock into a hot gas stream, evaporating the liquid content and leaving behind the dry powder particles. Spray drying is commonly used in industries such as food, pharmaceuticals, chemicals, and ceramics to produce powdered products with desirable properties such as longer shelf life, improved stability, and increased solubility. Spray drying equipment includes components such as atomizers, dryers, air filters, and cyclones, among others. The market for spray drying equipment is on a steady rise, driven by the increasing demand for processed food products and the adoption of spray drying techniques in various industries.
Market Drivers: The growing consumption of processed foods and powdered supplements
The changes in consumer lifestyles over the last decade as a result of rapid urbanization have resulted in a high demand for processed and ready-to-eat food products. Consumers' busy lifestyles have been exacerbated by an increase in dual-income levels, living standards, and the demand for convenience have led to the increased consumption of processed food.
As a result, processed food manufacturers are turning to spray-drying technologies for products such as maltodextrin, which acts as a food additive in confectioneries and is widely used in sports and wellness products. The significant increase in demand for maltodextrin has resulted in an increase in the use of spray dryers among food additive manufacturers, which has positively impacted the spray drying equipment market.
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Dedert successfully commissioned its latest Spray Drying and Evaporation plant for plant-based protein in June 2022. Dedert provided the specialty protein developed for its solubility functionality by EverGrain (by AB InBev). EverGrain's new protein production facility on AB InBev's St. Louis brewery campus was completed to upcycle grains saved during the brewing process into delicious, nutritious, and environmentally friendly ingredients. These barley-based ingredients can be found in a wide range of foods and beverages.
Spray Drying Equipment Market was valued at USD4.41 Billion in 2019 and is estimated to grow at a CAGR of 6.5% from 2018 to 2026.The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters.
The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.Spray drying equipment plays an important role in the processing of food products, including dry soups, ready-to-eat foods, pulses, coffee blends, and milk powders for food intolerance lactose and modified starches.
Macroeconomic factors that have a positive impact on the global market for spray drying equipment include rapid urbanization rates, population growth, lifestyle changes, and increased domestic income.Spray Drying Equipment Market is segmented by a spray dryer type, application, flow type, cycle type, drying stage, and region.
Based on the drying stage, it is segmented into single stage and multi-stage.Geographically, the Spray Drying Equipment Market is segmented into various regions including North America, Europe, Asia-Pacific and Rest of the World.
Ltd., AB & Co Consult, Hemraj Enterprises, C.E Rogers Company, and GEA Group AG.The objective of the report is to present comprehensive Spray Drying Equipment Market including all the stakeholders of the industry.
The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language.
