Spray Drying Equipment Market – Global Industry Analysis and Forecast (2023-2029)

Spray Drying Equipment Market reached a value of US$ 5.15 Bn. in 2022. Global Spray Drying Equipment Market size is estimated to grow at a CAGR of 5.9%. The market is expected to reach a value of US$ 7.70 Bn. in 2029.
Spray Drying Equipment Market Overview:
The Spray Drying Equipment is used to remove the immoderate moisture tranquil from the product. The spray drying comes from the liquid that is Passover in the form of droplets which is later involved in the hot gas. The hot gas vaporizes the liquid and after that, it comes in the form of cereals. The spray drying types of equipment are used in the chemical industry in which the vaporization process of liquid products is used easily. Due to the increase in demand of various propane’s chemical industry is one of the growing segments to use spray drying types of equipment. The RTE foods are also responsible for various rises in the market of Spray Drying Equipment growth. The various new developments in functional foods & beverages give immense growth for the Spray Drying Equipment market.
Spray Drying Equipment Market Snapshot
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Spray Drying Equipment Market Dynamics:
Giving ease in food & Beverage products to consumers is the major factor for driving the spray drying equipment market. RTE (ready to eat) foods are one of the examples for raising the market in this drying equipment market. An increase in consumption of Frozen and processed foods is the major instance of RTE food which increases the demand for the spray drying equipment market. These kinds of foods save the time and energy of end-consumers, vendors as well as manufacturers. US food code says that RTE foods are helpful to consume various foods which are also known for ready meals. Due to the biggest consumer acceptance of frozen foods in the conventional and non-conventional foods & Beverage market, there is an increase in demand for the spray drying equipment market. The rising demand for sorbitol foods is also the biggest reason for the growth of the spray drying equipment market.

The cost of the installation of spray drying equipment has led to restraining the market. In addition to this, the spray dryer consumes of low temperature in the large volume of hot air in a room where there is no contact of the particles which generally gives an increase in the cost of the drying equipment. There is high maintenance & labor cost which gives high energy for loading the several types of equipment of spray drying equipment industry which is the major reason for restraining the market.

The spray drying equipment method is widely used in the pharmaceutical industry, as it gives dissolution from the droplets. There is also an increase in epitome application in the food industry which is the biggest opportunity in this market. Moreover, it is a scarcity process and it operates with continuous processing, the spray drying equipment gives benefits to several industries such as pharmaceuticals, FMCG, and others. It also offers to protect the bioactive compounds which give the stability of decomposition.

Maintaining the cost and infrastructure of spray drying equipment products is one of the biggest challenges for this market. Finding new consumers in several developing countries and establishing the market is the major challenge for manufacturers, as result, there is a decline tale in revenue. The storage of raw material and various goods consumes a big investment in the product, as result, most of the manufacturer faces a lot of problems to establish the market.
Spray Drying Equipment Market Segment Analysis:
Based on Type, the market is segmented as Rotary Atomizer Spray Dryer, Nozzle Atomizer Spray Dryer, and Fluidized Spray Dryer. The Rotary Atomizer Spray Dryer segment is expected to dominate the market in the forecast period. It is used for the high-speed rotating disc in drying equipment. It also releases liquid at a very high speed into the parameter. The rotation of the speed of the rotary atomizer checks the speed of various drop sizes. This segment is majorly used for spray painting and spray drying. Rotary atomizer spray produces a liquid between fluid and air, in which control over speed between them is accelerated. This factor led to an increase in the demand of this segment in the forecast period.

However, the nozzle atomizer dryer is expected to grow at CAGR of xx% in the forecast period. It is been majorly used in the pharmaceutical industry in which spraying in several drugs and medicine gives immense effect for the patients. While considering into industrial sector this equipment is been highly used to generate coarser as well as flee flowing powder. Apart from this fluidized spray dryer is expected to grow in different countries with the highest market share in the forecast period.

Based on Stage, The market is segmented as Single Stage, Two Stage, and Multistage. The two-stage segment is expected to dominate the market, and it is expected to hold highest market share of 42%by 2029. This segment modulates giving a better quality of product, lesser production cost, and having the best quality in manufacturing the product. The two-stage segment is majorly used in the medium as well as in large-scale industries. This segment can work with a large volume of production in the factories. Thus increase in demand for this segment is constantly growing day by day. This segment also mainly focuses on the cost of the product which is been usually comes with a large volume.

The multistage segment is expected to grow at CAGR of xx% in the forecast period. This segment can control the pressure between the first stages to the multistage period. It may also use to produce dust-free mass products with optimum utilization of resources. Moreover, the first stage segment also can produce the highest warm efficiency which is also expected to drive the market in the forecast period.

Based on Application, The market is segmented as Food & Dairy, Pharmaceuticals & Nutraceuticals, and Chemicals. The food & Dairy segment is expected to dominate the market in the forecast period. This segment has various varieties of production like egg powder, coffee powder, and others. With the help of FDI (Foreign Direct Investment), the support of food processing companies is also growing which generally increases the market of spray dryer equipment. This is the major reason to drive this segment in the forecast period. Most of the emerging countries like India and China are adopting the major market of this segment which is also the major reason to drive the segment growth.

Moreover, the pharmaceuticals and chemical segment held highest market share of xx% in 2022. The chemical industry encourages spray dryer equipment in their various products such as polymer and others. There is also a major demand for spray dryer equipment in the pharmaceutical industry, which is expected to drive the market in the future.
Spray Drying Equipment Market Regional Insights:
The Asia Pacific region is expected to dominate the Spray Dryer Equipment market in the forecast period. As there is high adoption of various technology in China which may lead to the spray dryer equipment market consequentially. India is the highest manufacturer for dairy milk, which is also commonly known as the largest producer of milk in the world, in which it generally comes in food & beverage segment into this product. The market growth of baby food has the potential growth in several countries like India, China, Japan, and others which is the major reason for driving the global spray dryer market in the forecast period. Due to the high infrastructure and maintaining the cost of production in the spray dryer equipment market most of the countries like Japan, India, and others are the major reason for the growth of the market.

However, North America is expected to hold the largest market share of xx% in 2029. This region has the capability of quick adoption of various technologies by the key companies and also maintains the optimum utilization of production resources. This region also manages to control and improve the efficiency of the product. Also increasing population in different countries like U.S and others also encourages the pharmaceutical industry in wide range which may lead to driving the spray dryer equipment market in the future.

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Global Spray Drying Equipment Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 5.15 Bn.


Forecast Period 2023 to 2029 CAGR:
5.9%
Market Size in 2029:
US $ 7.70 Bn.


 Segments Covered:
by Type
Rotary Atomizer
Nozzle Atomizer
Fluidized Atomizer


by Stage
Single Stage
Two-Stage
Multistage


by Application
Food & Dairy
Pharmaceuticals & Nutraceuticals
Chemicals



Spray Drying Equipment Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Spray Drying Equipment Market, Key Players are
1. GEA Group AG.
2. G. Larsson Starch Technology AB.
3. SPX Flow Inc.
4. Hemraj Enterprises.
5. Dedert Corporation.
6. Shandong Tinali Drying Technology and Equipment.
7. BUCHI Labortechnik AG.
8. New AVM Systech Pvt Ltd.
9. Yamato Scientific America Inc.
10. Tetra Pak International S.A.
11. Swenson Technology Inc.
12. Saka Engineering Systems Pvt Ltd.
13. Acmefil Engineering Systems Pvt Ltd.
14. European Spray Dry Technologies (UK).
15. C.E Rogers Company.

Frequently Asked Questions:

1] What segments are covered in the Spray Drying Equipment Market report?
Ans. The segments covered in the Spray Drying Equipment Market report are based on Type, Stage, and Application.

2] Which region is expected to hold the highest share in the Spray Drying Equipment Market?
Ans. Asia Pacific region is expected to hold the highest share in the Spray Drying Equipment Market.

3] What is the market size of the Spray Drying Equipment Market by 2029?
Ans. The Spray Drying Equipment Market is expected to reach the US $ 7.70 Bn. by 2029.

4] What is the forecast period for the Spray Drying Equipment Market?
Ans. The Forecast period for the Spray Drying Equipment Market is 2023-2029.

5] What was the market size of the Spray Drying Equipment Market in 2022?
Ans. The market size of the Spray Drying Equipment Market in 2022 was the US $ 5.15 Bn.