The global spray dryer sales are estimated to increase at a CAGR of 4.4% during the forecast period. The market revenue is likely to be valued at US$ 4,984.6 Mn in 2022, and exhibit a revenue growth of US$ 7,643.3 Mn by 2032.
Macroeconomic factors such as the growing rate of urbanization, growing population, changing lifestyles, as well as rising domestic income are likely to expand the spray dryer market size. However, the high cost and infrastructure of this equipment are significant barriers to market advancement.
Manufacturers developing products that are energy-efficient and free of hazardous gas emissions, on the other hand, are expected to present market growth opportunities.
High investment in technological development to refine the spray drying equipment is likely to boost the spray dryer market during the forecast period. In addition to this, the spray dryer has key applications in the food industry. For instance, it is used for encapsulation.
In emerging economies, such as India and China, government regulations to increase Foreign Direct Investments (FDI) limits for the food processing industry are effectuating the instalment of processing plants. This is anticipated to significantly contribute to the market growth.
The open cycle drying equipment comprises the largest share in the market, primarily due to its low energy consumption. Moreover, its ability to handle heat-resistive and heat-sensitive products is likely to positively impact the spray dryer market share.
Increasing disposable income, as well as rapid changes in lifestyle, are driving the spray dryer market forward. Furthermore, the application of spray drying in the pharmaceutical industry is required due to precision in particle size, morphology, and stability, raising its demand.
Spray drying technologies are used by processed food manufacturers, which expands the market size. This is owing to the growing consumption of ready-to-eat (RTE) foods that do not require any elaborate processing.
Consumers seeking frozen foods in the conventional and non-conventional foods and beverages market are expected to surge the demand for spray dryers. Furthermore, sorbitol foods rising in demand and consumption are likely to contribute to the spray dryer market growth.
Other Market Participants Of The Spray Dryer Market:
- Saka Engineering Systems Private Ltd.
- C.E. Rogers Company
- Acmefil Engineering Systems Pvt. Ltd.
- Changzhou Lemar Drying Engineering Co. Ltd.
- BUCHI Labortechnik AG
- Shandong Shungeng Drying Equipment Co. Ltd.
- Acmefil Engineering Systems Pvt. Ltd.
- New AVM Systech Pvt. Ltd.
- Shandong Tianli Drying Technology & Equipment
- Hemraj Enterprises
- Swenson Technology Inc.
- Yamato Scientific America Inc.
- Carrier Vibrating Equipment Inc.
- Freund-Vector Corporation
- Advanced Drying Systems
- Changzhou Lemar Drying Engineering Co. Ltd.
