Spray Drying Equipment Market Size to Reach USD 9.5 Billion by 2032 growing at 6.5% CAGR - Exclusive Report by Acumen Research and Consulting

Author: Acumen Research and Consulting

The Spray Drying Equipment Market, valued at USD 5.1 Billion in 2022, is anticipated to surpass USD 9.5 Billion by 2032, reflecting a projected CAGR of 6.5%

The spray drying equipment market is expanding rapidly due to its broad use in a variety of sectors, including food, pharmaceuticals, and chemicals. Spray drying, a key operation in many chemical processes, is chosen for its heat drying properties and is widely used in the food and pharmaceutical industries. Key market growth factors include growing demand for ready-to-eat items, technical developments in spray-drying procedures, and rising demand for resins and polymers in the chemical processing industry. Despite these factors, difficulties such as high thermal energy consumption and running costs may stymie market expansion. Nozzle atomizers are now the biggest product category, owing to their broad acceptance and adaptability in a variety of applications. Furthermore, the food & dairy industry dominates in terms of application, owing to rising worldwide demand for processed and convenient foods. Overall, the spray drying equipment market is expected to increase significantly due to continued technical improvements and growing applications across a wide range of sectors.

Spray Drying Equipment Market Trend

Spray Drying Equipment Market Statistics

  • In 2022, the global spray drying equipment market reached a value of USD 5.1 billion
  • From 2024 to 2032, it is expected to demonstrate a CAGR of 6.5%
  • North America dominated the market in 2022, holding a significant share of 33%
  • The Asia-Pacific region is forecasted to experience substantial growth, with a projected CAGR of 7% during the same period
  • The food & dairy application sub-segment emerged as a notable contributor to the market share in 2022
  • Key trend in the spray drying equipment market include the rising demand for instant powdered products

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Spray Drying Equipment Market Dynamics

Increasing Demand for Processed Food Products Fuels the Spray Drying Equipment Market Value

The growing demand for processed food items is a major factor driving the growth of the spray drying equipment market. This spike in demand is mostly due to evolving consumer tastes towards convenience meals, urbanization, hectic lives, and a growing population. Processed food items have various advantages, including prolonged shelf life, convenience, and simplicity of consumption, which have increased their appeal among consumers worldwide. Spray drying equipment is essential for the preparation of processed food items because it allows liquid or semi-liquid food components to be converted into dry powders or granules. This procedure helps to preserve the nutritional value of the food while also increasing its shelf life and allowing for easier storage and transportation. Spray drying is widely used in the food sector to manufacture powdered milk, coffee, soup mixes, flavorings, and other products.

Also, spray drying allows businesses to develop powdered versions of food goods that may be reconstituted with water or other liquids before consumption, providing customers with convenience and variety. Furthermore, the method enables the creation of homogenous, free-flowing powders with consistent quality and flavour profiles, addressing customer demand for high-quality processed meals. The increasing demand for processed food items necessitates the use of modern spray drying equipment capable of handling large-scale production while maintaining efficiency, dependability, and compliance with demanding food safety laws. Manufacturers are progressively investing in novel spray drying technologies to increase productivity, lower production costs, and fulfill the worldwide demand for a wide range of processed food items.

Expansion of Spray Drying Applications in the Nutraceutical Industry Offers Significant Spray Drying Equipment Market Opportunity

The growth of spray drying applications in the nutraceutical sector creates a substantial potential for the spray drying equipment market. Nutraceuticals, which include dietary supplements, functional foods, and drinks containing health-promoting components, are extremely popular among customers looking to improve their health and wellness. The growing demand for nutraceutical goods has spurred the need for more efficient manufacturing procedures, resulting in the introduction of spray drying technology. Spray drying has various features that make it ideal for the manufacture of nutraceuticals. For starters, it enables the encapsulation of bioactive substances, vitamins, minerals, and other functional components in dry powder form, keeping their stability, potency, and bioavailability. This is critical to ensure that nutraceutical goods provide the promised health benefits to users.

Moreover, spray drying allows for exact control of particle size, morphology, and moisture content, resulting in homogeneity and consistency in the finished product. This is especially significant in nutraceutical formulations, where dose precision and product quality are critical. Spray drying also makes it easier to create customized formulas that address individual health requirements and customer preferences. Manufacturers may simply add a wide range of substances into their formulations, including as botanical extracts, probiotics, antioxidants, and protein isolates, to develop unique and differentiated nutraceutical products. On other hand, spray drying equipment can handle a wide range of feedstock materials, such as aqueous solutions, suspensions, emulsions, and slurries, providing adaptability in processing various types of nutraceutical formulations.

Spray Drying Equipment Market Segmentation

The global market for spray drying equipment has been segmented into product, stage, flow, cycle, application, and region.

  • Product segment is split into fluidized, nozzle atomizer, rotary atomizer, and centrifugal
  • Stage segment is differentiated into multi-stage, two-stage, and single-stage
  • Flow segment is categorized into counter-current, co-current, and mixed flow
  • Cycle segment is divided into closed, and open
  • Application segment is split into pharmaceuticals & nutraceuticals, food & dairy, chemical, and others
  • The spray drying equipment market is geographically segmented across the Middle East and Africa (MEA), Asia-Pacific (APAC), North America (NA), Latin America (LA), and Europe (EU).

Spray Drying Equipment Market Regional Outlook

North America is a significant market for spray drying equipment, owing to its well-established food and pharmaceutical industries. The region's strong economy, technological improvements, and rigorous quality requirements all contribute to increased demand for innovative spray drying solutions. Additionally, increased expenditures in R&D activities drive market expansion in this area.

The Asia-Pacific region is expected to have significant expansion in the spray drying equipment market, driven by rising industrialization, urbanization, and increased investment in the food and pharmaceutical industries. China, India, and Japan are significant contributors to market development, owing to increased manufacturing capacities and rising demand for processed food and pharmaceutical goods.

Spray Drying Equipment Market Players

Spray drying equipment companies profiled in the report include Jinan Yuansheng Drying Technology Co. Ltd., Lecite Corporation, Ystral GmbH, Hosokawa Micron Ltd., Nippon Pneumatic Systems Co., Ltd., Buhler Group, BÜCHI Labortechnik AG, GEA Group, GEA Niro, SPX FLOW Inc., and Tetra Pak.

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