Spray drying is a critical component in improving shelf life of products. Therefore, it is also considered a great help in shipping products long distance. And, considering that the impact of this is minimal on the product, the popularity is only rising further. It is not surprising then that the market will see an impressive growth chart, owing to a steady CAGR (Compound Annual Growth Rate) between 2017 and 2025.
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One of the greatest factors driving growth in the global spray drying equipment market is change in lifestyle. Work days are long. And, they are hectic too. Not a lot of people in the current population are up for cooking nutritive meals after a grueling day at work. Result? More and more people are opting for easy to cook and ready to eat variants of food. Thus, maintaining a longer shelf life is critical. This is also supported by a shift towards convenience as a philosophy that the current generation is thrilled about.
Another thing supporting the spray drying market is the rise in disposable incomes and people ordering products from far off lands and across many seas. As standard of living improves worldwide, owing to economic growth, it is leading to improvement in purchasing power. Supporting this demand is spray drying equipment market.
North America will hold a leading position between 2017 and 2025, owing to presence of two of the most dominant markets – United States (U.S.) and Canada. The growth is also attributable to demand for dairy products ans liquid milk alternatives. Like dairy creamer, milk powder etc.
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The market for spray drying equipment market is fragmented and some of the prominent players in the market landscape include 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.