The market for milk tank cooling systems worldwide is anticipated to reach US$ 678.0 million in 2023. A sluggish 3.4% CAGR is anticipated to fuel market growth between 2023 and 2033. In 2033, this ought to generate US$ 947.1 million.
Systems for cooling milk tanks are an essential component of dairy production machinery. A crucial link in the milk transport chain is a milk tank cooling system. A milk tank cooling system is the only way to keep milk homogeneous and pasteurized while preserving its shelf life.
Consistent increase in demand for continuous refrigeration systems during the perishable food chain transport would remain the key factor bolstering demand for milk tank cooling systems over the following years.
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Key Takeaways – Milk Tank Cooling System Market Study
- Milk tank cooling systems play a vital role in the transportation of milk as the time lapse between milk collection and reaching the designated centre could result in milk spoilage.
- As a result of the flourishing dairy business, small- and medium-sized milk farms have been incorporated into the business structure of dairy cooperatives and other big farms. This led to fluctuations in milk tank cooling system market, as small- and medium-sized players have slowly been wiped out.
- Closed type in milk tank cooling systems is given preference, as these systems are integrated with self-cleaning and automatic temperature maintenance provisions as per the cooling stage. This has slowly led to decline in demand for open end type of milk tank cooling systems, which require manual labour for cleaning and constant supervision.
- In terms of capacity, milk tank cooling systems within 1,000 litre capacity are widely used owing to the ease of usage and operation. As compared to the higher capacity tanks, there are less indoor/outdoor placement issues as these require reduced space.
Milk Tank Cooling System Market: Competition Overview
The global milk tank cooling system market is highly competitive, with the presence of large number of small- and medium-sized players actively operating in the global market. Danfoss, GEA Group AG, Paul Mueller, Denso, and Packo Cooling are identified as prominent players in the global milk tank cooling system market. Adoption of automated milk tank cooling systems and association of local milk farms with dairy co-operatives are key growth strategies adopted by market participants.
Highly Lucrative Opportunities in South Asia Market
The demand for milk tank cooling systems is expected to gain significant traction in the coming years, owing increasing number of milk farms and processing plants. Milk tank cooling systems are a vital part of the milk transfer chain as the milk produced needs to be stored with efficient cooling transported to and fro between remote and urban areas. The market is anticipated to witness growth opportunities in the coming years with milk consumption being high in countries such as India, Thailand, Indonesia, and Malaysia.
What Is Covered in the Report?
The research scope of the global milk tank cooling system market has been primarily bifurcated into three segments: application, configuration and capacity. The study provides an in-depth analysis of market sizing, forecasting, and market share analysis for milk tank cooling system. The report delivers a comprehensive assessment of the important dynamics of the milk tank cooling system market. The scope of the research includes milk tank cooling systems installed in milk farms and milk processing plants.
Key Companies Profiled:
- Danfoss
- Delaval
- GEA Group AG
- Packo Cooling
- Dairymaster
- Fabdec Ltd
- Serap Group
- Boumatic
- Wedholms AB
- Daviesway Pty Ltd.
- RØ-KA Indutries A/S
- Fic S.p.A
- Milkplan
- Marcold Ltd
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Milk Tank Cooling System Market by Category
By Capacity:
- Less Than 1000 Liters
- 1000 to 5000 Liters
- 5000 to 10000 Liters
- Above 10000 Liters
By Configuration:
- Closed End
- Horizontal
- Vertical
- Open End
By Application:
- Milk Farm
- Milk Processing Unit
By Region:
- North America
- Latin America
- East Asia
- South Asia and Pacific
- Western Europe
- Eastern Europe
- Central Asia
- Russia and Belarus
- Balkan and Baltics Countries
- Middle East and Africa
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