Market Size of Spray Drying Equipment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.02 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Spray Drying Equipment Market Analysis
The spray drying equipment market is projected to grow at a CAGR of 7.02% during the forecast period (2020-2025).
- The custom-based and laboratory-specific spray dryers are gaining popularity due to their desired preciseness and efficiency.
- The food, pharmaceutical, and chemical industries are introducing products with enhanced shelf-life which requires dehydration and drying of certain ingredients, paving a clean way for the spray dryer market to grow at a good pace.
- Because of the use of numerous heat sensitive ingredients, spray drying is preferred in the pharmaceutical industry due to its basic operation principle.
- The food industry, particularly dairy and spice units, has associated spray dryers very well with itself. Spray drying equipment are also being widely used for food encapsulation, which is likely to drive the spray drying equipment market in near future.
- Conversely, high installation and maintenance costs and lack of skilled engineers may negatively affect the market growth to a limited extent.
