Spray drying is a technique used in various industries to convert liquid or slurry feed into a dried powder form. This process is widely employed in the food and beverage, pharmaceutical, chemical, and other industries. The market for spray drying equipment is driven by the growing demand for processed and convenience foods, as well as the need for efficient drying solutions in pharmaceutical and chemical applications.
The spray drying equipment market size is on the path to steady expansion, with a predicted CAGR of 5.9% in the next few years, propelling its market size to an impressive US$ 6.8 billion by 2027 from an estimated value of US$ 5.1 billion in 2022.This growth is driven by the increasing demand for processed food products and the rise in adoption of spray drying techniques in various industries, such as food, pharmaceuticals, and chemicals. With spray drying offering benefits like longer shelf life, reduced transportation costs, and enhanced product quality, this technology is gaining popularity among manufacturers worldwide. As a result, the market for spray drying equipment is poised to experience significant expansion in the coming years, providing opportunities for players in the industry to innovate and meet the demands of a growing market.
Key factors influencing the spray drying equipment market include:
Food and Beverage Industry Growth: The increasing demand for processed and convenience foods, along with the expansion of the food and beverage industry globally, has driven the demand for spray drying equipment.
Pharmaceutical Industry Applications: Spray drying is widely used in the pharmaceutical industry for the production of powders, granules, and other formulations. The growth of the pharmaceutical sector contributes to the demand for spray drying equipment.
Technological Advancements: Ongoing advancements in spray drying technology, such as improvements in efficiency, energy consumption, and the ability to handle a variety of feed materials, can impact the market dynamics.
Regulatory Environment: Compliance with regulatory standards in the food and pharmaceutical industries is crucial. Changes in regulations may affect the adoption of spray drying equipment, especially in industries with stringent quality and safety requirements.
Emerging Markets: The market may be influenced by economic developments and industrialization in emerging markets, where there is an increasing need for advanced drying solutions.
Environmental Concerns: Sustainability and environmental considerations can drive the development of more energy-efficient and environmentally friendly spray drying equipment.
Competitive Landscape: The presence of key players, technological competition, and market consolidation can influence the dynamics of the spray drying equipment market.
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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.
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.
Top players analyzed:
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).
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Key Questions Addressed:
What are the major revenue pockets in the spray drying equipment market currently?
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.
What is the primary purpose of using dry powder sprayers?
Dry powder sprayers are devices used to apply dry powder coatings onto surfaces. These coatings can serve various purposes, including providing a protective layer, enhancing aesthetics, or altering the surface properties of the material.
A recently published report by Fact.MR on spray drying equipment market foretells that sales of spray drying equipment would continue to soar in the long term.
In terms of value, the global spray drying equipment market is estimated to surpass the valuation of US$ 820 Mn by 2027 with a year-on-year growth of ~4% in the foreseeable future.Spray drying equipment is gaining popularity in different verticals owing to its capacity for bulk production in end-use plants.
Different end-use industries including food processing, pharmaceutical industries and chemicals are making huge investments to scale their operations in spray drying equipment market.
Latest Fact.MR report predicts that global spray drying equipment market will exceed US$ 820 value by the end of the year 2017.
The annual growth is expected to be at 4% growth rate in the coming future.Important regions covered in the keyword market report include:North America (Canada, US)Latin America (Argentina, Mexico)Europe (NORDIC, UK)Japan and MEAAPEJ (China, India)Chemical and processed food industry boosts marketCustomizations drive the global spray drying equipment market in Asian countries.
Growth in demand for different components like chemicals and processed food in Asia Pacific bolsters the global market.
Spray Drying Equipment Market was valued at USD4.41 Billion in 2018 and is estimated to grow at a CAGR of 6.5% from 2018 to 2026.Spray Drying Equipment Market, By RegionSpray 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.
Due to consumer preference for high-value convenience food products, a sudden market demand for spray drying equipment has been observed.The growth of the Spray Drying Equipment Market is due to the growth of the pharmaceutical, food and chemical industries.
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.
