Spray Drying Equipment Market and its Key Opportunities and Challenges

Northbrook, IL, USA, 2019-Nov-1 — /EPR Network/ —

The spray drying equipment market is estimated at USD 4.38 billion in 2018. It is projected to reach USD 6.12 billion by 2023, at a CAGR of 6.9% from 2018. This market is majorly driven by the increasing demand for ready-to-eat and functional food, reduction in thermal damage caused to the product, increase in the shelf-life leading to improved logistics, technological innovations, and emerging applications in biotechnology and bioceramics industries. The key market players adopted strategies such as expansions, partnerships, and new product launches to meet the growing demand for spray drying equipment.

How the industrial application of spray drying in food encapsulation presents an opportunity?

Food encapsulation is a process used to entrap a specific compound within a stable protective substance such as a specific polymer to produce encapsulates of varied sizes and properties. The ingredient that is to be trapped is termed the “core,” and the outer enclosing component is called the “wall.” These two are the primary elements in food encapsulation.

With the increasing demand for functional foods such as fortified foods, nutraceuticals, and other health-based foods in developed countries such as the US, the UK, and Germany, and improving technology, along with R&D investments, are projected to drive the market for food encapsulation.

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There is a rise in consumption for convenience food items due to awareness among the consumers related to their health, which drives the demand for encapsulated products to a greater extent in the market. The food encapsulation technique has made it possible to encapsulate the properties of various complex food systems with different ingredients that are volatile and unstable in nature; it also helps to protect the nutritional components of the product from adverse environmental effects.

The spray drying technique is most economical as compared to other drying methods and is simpler in operation, which increases the usage among the food additive manufacturers supplying their products to the food and pharmaceutical industries.

Thus, there is a growing market potential in this industry that can be tapped by the spray drying manufacturers.

The active players in the spray drying equipment market include GEA (Germany), SPX FLOW (US), Dedert Corporation (US), Buchi Labortechnik (Switzerland), European Spraydry Technologies (UK), Changzhou Lemar Drying Engineering Co. Ltd. (China), Shandong Tianli Drying Technology and Equipment (China), Acmefil (India), New AVM Systech (India), C. E. Rogers (US), Advanced Drying System (India), and Labplant (UK).

GEA develops and produces process technologies and equipment for various industries such as food, pharmaceutical, and chemical. Engineering solutions offered by GEA range from single pieces of equipment to complete plants. This company has more than 75 GEA Niro pilot plants across the world, and it is one of the leading manufacturers of continuous and batch GEA Niro freeze drying plants. It operates through two business segments—business area equipment and business area solutions.

GEA has been constantly expanding its business and strengthening its position in the spray drying equipment market by adopting strategies such as new product launches and partnerships. For instance, in October 2016, GEA partnered with one of the largest multinational dairy co-operatives, Fonterra Co-operative Pvt. Ltd. (New Zealand) to install a high-performance spray dryer to its new milk powder processing plant in Lichfield, New Zealand. The company launched a mini spray dryer in April 2016 with a camera to monitor the entire spray drying process to reduce errors. Moreover, it launched a mobile minor MM-100 spray dryer for pharmaceutical drug testing in April 2016. GEA Group AG (Germany) also expanded its existing sales team in Sweden.

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SPX Flow (US) is one of the leading global suppliers of highly specialized engineering solutions and equipment. The company offers engineering equipment under 15 categories—analyzer, clarifiers, dispersion equipment, dehydration equipment, dryers, evaporators, fittings, filtration equipment, heat exchanger, mixers, pumps, separators, strainers, systems, and valves. Spray dryers are offered under the dryers category. These dryers serve the global dairy, food, beverage, industrial, healthcare, pharmaceutical, starch, and ethanol industries. To strengthen its market presence in the global spray drying equipment industry, SPX Flow has been focusing on strategic partnerships and expansion activities. For instance, in December 2017, through a partnership, SPX Corporation was awarded a contract to establish a dairy ingredients plant in Galicia, Spain. This project included the drying technology to produce milk protein powders for infant formula, and sports & clinical nutrition products. In April 2016, SPX Flow established its new Innovation Center in Shanghai. It was designed to aid dairy and beverage manufacturers to enhance their production process efficiency and to develop new products to serve the Asia Pacific region.

The objectives of the study are as follows:

• To define, segment, and forecast the size of the spray drying equipment market with respect to spray dryer type, application, flow type, cycle type, drying stage, and region
• To analyze the market structure by identifying various subsegments of the spray drying equipment market
• To forecast the size of the spray drying equipment market and its various submarkets with respect to four main regions, namely, North America, Asia Pacific, Europe, and the Rest of the World (RoW)
• To provide detailed information about the crucial factors that are influencing the growth of the market (drivers, restraints, opportunities, and challenges)
• To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To strategically profile the key players and comprehensively analyze their market ranking and core competencies
• To analyze the competitive developments such as expansions, new service launches, acquisitions, accreditations, and partnerships in the spray drying equipment market

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