Spray Drying Equipment Market: Current Analysis and Forecast (2023-2030)
Emphasis on Dryer Type (Rotary Atomizer Spray Dryer, Nozzle Atomizer Spray Dryer, Fluidized Spray Dryer, and Others), Flow Type (Co-Current, Counter-Current, and Mixed Flow); Application (Food and Beverage, Pharmaceuticals, Chemical, and Others) ; Stage Type (Single-Stage, Two-Stage, and Multi-Stage ) and Region/Country
The spray drying equipment market is expected to grow at a strong CAGR of around 6.48 % during the forecast period. Increased consumption of processed foods has led to increased need for high-quality dried ingredients such as instant coffee, tea, soup mixes, etc., driving up demand for spray dryers. These machines can process liquid feed into powder form efficiently while preserving nutritional content & flavor. This surging consumer preference towards convenient packaged meals fuels expansion within this sector particularly among major brands investing heavily into modernized manufacturing facilities equipped with cutting edge technology like state-of-the art spray driers. With technological advancements come new possibilities. Spray dried drugs offer enhanced bioavailability compared to traditional methods of drug delivery due to their ability to maintain heat sensitive biomolecules intact during processing steps. Thus pharma companies looking to capitalize on this advantage have begun investing heavily into specialized spray dryer units tailored specifically towards meeting strict quality control regulations governing drug production ensuring both safety efficacy at every stage throughout entire supply chain right from development until final product launch onto market shelves worldwide For instance, In 2023, SPX Flow announced the acquisition of the Drytech business, which specializes in spray drying solutions for the food and pharmaceutical sectors. The deal aimed to expand SPX Flow’s capabilities in the growing market for drying technologies.
Some of the major players operating in the market are Changzhou Lemar Drying Engineering Co. Ltd., BUCHI Labortechnik AG, Acmefil Engineering Systems Pvt. Ltd., Tetra Pak Group, New AVM Systech Pvt. Ltd., SPX FLOW, Inc., SHANDONG TIANLI ENERGY CO., LTD., Dedert Corporation., Group Aktiengesellschaft, and European SprayDry Technologies. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst application, the food and beverage held significant growth in the market in 2022.”
Based on application, the market is segmented into food and beverage, pharmaceuticals, chemicals, and others. Amongst these, the food and beverage segment held significant growth in the market in 2022 owing to its ability to produce healthy, flavorful products with long shelf lives, spray drying has become increasingly popular in the food business. Many companies have adopted this technology for manufacturing goods like powdered milk, instant soups, and dried fruits due to these benefits. Additionally, increased demand for packaged meals during the COVID-19 pandemic boosted the need for high-quality ingredients that could survive extended storage periods without losing their nutritional value.
“Amongst stage type , the multi stage held a significant growth in the market. ’’ Based on the stage type, the market is segmented into single-stage, two-stage, and multi-stage. Among these, the healthcare segment held a significant growth of the spray drying equipment market in 2022 because it is possible to generate distinctive blends that combine the desired texture and flavor characteristics by dividing food items into various particle sizes before drying them using many stages. Also, since the liquid feed’s viscosity falls as its temperature rises during each stage, better separation between particles happens mechanically without adding extra chemicals or enzymes, which cuts costs and improves product quality over time. Furthermore, there has been an increase in demand for pharmaceutical goods produced via multiprocessing methods due to greater research investment in medication delivery systems utilizing advanced drug forms (e.g., nanoparticles).
“Europe have significant share in the spray drying equipment market in 2022.”
European countries like Germany, Italy, and the UK are known for their technological prowess, particularly in the field of engineering and manufacturing. This expertise translates well into the development of advanced spray drying equipment that meets the needs of various industries. Moreover, Europe’s compact size and well-developed transportation infrastructure make it easier for manufacturers to distribute their products throughout the continent and beyond. This facilitates the movement of raw materials, finished goods, and spare parts, supporting the growth of the spray drying equipment market. Furthermore, Europe boasts a highly educated and skilled workforce, which is essential for the development and maintenance of sophisticated spray drying equipment. This talent pool helps drive innovation and keeps the industry competitive.
Spray Drying Equipment Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global spray drying equipment market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your ow
Table of Contents
Research Methodology for the Spray Drying Equipment Market Analysis (2022-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global spray drying equipment market were the three major steps undertaken to create and analyze the adoption of PTFE fabrics in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global spray drying equipment market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the spray drying equipment market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the spray drying equipment market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as dryer type, flow type, stage type, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the spray drying equipment market. Further, we conducted factor analysis using dependent and independent variables such as dryer type, flow type, stage type, and application of the spray drying equipment market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the spray drying equipment market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global spray drying equipment market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the spray drying equipment market across the major markets domestically.
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global spray drying equipment market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global spray drying equipment market. data was split into several segments & sub-segments after studying various parameters and trends in the areas of vehicle type and technology in the global spray drying equipment market.
The main objective of the Global Spray Drying Equipment Market Study
The current & future market trends of the global spray drying equipment market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the spray drying equipment market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
- Segments in the study include areas of the dryer type, flow type, stage type, and application.
- Define and analyze the regulatory framework for the spray drying equipment
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the spray drying equipment market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the spray drying equipment market and the growth strategies adopted by the market players to sustain in the fast-growing market.
- Deep dive regional level analysis of the industry
Frequently Asked Questions FAQs
Q1: What is the current market size and growth potential of the global spray drying equipment Market?
Q2: What are the driving factors for the growth of the global spray drying equipment market?
Q3: Which segment has the largest share of the global spray drying equipment market by application?
Q4: Which region will dominate the global spray drying equipment Market?
Q5: Who are the key players operating in the global spray drying equipment market?
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