DUBLIN--(BUSINESS WIRE)--The "Spray Drying Equipment Market by Type (Rotary Atomizer, Nozzle, Fluidized, Closed Loop, Centrifugal), Application (Food, Pharma, Chemical, Feed), Flow Type, Cycle Type, Drying Stage, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global 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.
Increasing demand for ready-to-eat and functional food, reduction in thermal damage caused to the product, increase in shelf-life leading to improved logistics, technological innovations, and emerging applications in biotechnology are some of the important factors that are expected to drive the growth of the spray drying equipment market during the review period.
However, the high operation cost and changes in organoleptic properties of the final product are the major restraining factors for the spray drying equipment market.
The closed loop segment is projected to grow at the highest CAGR among all spray drying types from 2018 to 2023. Closed loop spray drying systems are ideal for handling solvents, heat-sensitive products, preventing oxidation of dried products, and providing an aseptic atmosphere. Such advantages offered by closed loop spray dryers are expected to drive the demand for this segment during the forecast period.
Spray dryer equipment find a wide range of applications in the food industrystarting from food ingredients to the conversion of fruit & vegetable juices into instant mixes, instant coffee mixes, and drying of eggs and dairy products. There are various types of spray dryers available that are used according to the product type and the nature of production, whether it is a batch or continuous production.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Spray Drying Equipment Market, By Spray Dryer Type
7 Spray Drying Equipment Market, By Application
8 Spray Drying Equipment Market, By Cycle Type
9 Spray Drying Equipment Market, By Drying Stage
10 Spray Drying Equipment Market, By Flow Type
11 Spray Drying Equipment Market, By Region
12 Competitive Landscape
13 Company Profiles
- SPX Flow
- Shandong Tianli Drying Technology and Equipment
- Bchi Labortechnik
- European Spraydry Technologies
- Dedert Corporation
- Changzhou Lemar Drying Engineering
- New Avm Systech
- C.E. Rogers
- Advanced Drying Systems
For more information about this report visit https://www.researchandmarkets.com/research/rkx654/spray_drying?w=4