The Global Market for Industrial Dryers is Projected to Reach US$5.2 Billion by 2022

Stable Demand for Packaged Convenience Food Spurs Growth of Industrial Dyers for Food Dehydration, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Industrial Dryers market. The global market for Industrial Dryers is projected to reach US$5.2 billion by 2022, driven by strong demand in the food and beverage sector supported by the growing preference for convenience foods in dried forms such as dry vegetables and instant dry soups and ready meals that can be rehydrated during cooking.   

Drying has emerged into one of the most important component of industrial manufacturing processes, especially in food and beverage and pharmaceutical drugs production. In the food industry, drying is an important part of the food processing cycle that facilitates better preservation of food. Dehydrated foods also minimize storage, transport and distribution costs; and enhance convenient handling of food products. At present, there is an extensive range of different types of industrial dryers used in the processed food sector. Baby food, flavorings, dairy, cereals and grains, sugar, instant soup and coco beans are some of the most common food products that require drying. With encapsulation of flavors, aroma, seasonings and other food additives on the rise, the demand for microencapsulation of food items is expected to drive growth opportunities for spray dryers in the food industry. Rising popularity of functional foods & beverages also augurs well for the market.

The market for industrial dryers is highly dependent on production investments in key end-use markets like agriculture, food, chemical and pharmaceutical industries. Demand for advanced, highly efficient, intelligent industrial dryers is expected to spiral in the coming years. Given that intense research and development activities play an essential role in the future growth of the market, manufacturers are therefore investing considerable resources into product development and innovation. The biggest challenge that confronts the industry is the need to grow beyond performance bottlenecks such as high power/energy consumption of industrial dryers. In the coming years, the growth in the market will be driven by favorable trends in pharma industry along with the pulp & paper manufacturing sector.

As stated by the new market research report on Industrial Dryers, the United States represents the largest individual market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market registering a CAGR of 6.4% over the analysis period. The growth in the region is driven by stable GDP growth, rapid industrialization, a growing pharmaceutical sector supported by the trend towards outsourced pharmaceutical contract manufacturing, and a healthy food industry encouraged by changing food consumption habits and higher per capita spending of the expanding base of affluent middle class population in China, India, Indonesia and Malaysia.

Major players covered in the report include Andritz AG, ANIVI Ingenieria SA, Bühler AG, Carrier Europe SCA, Comessa, Comspain XXI S.A., FAVA S.p.A., The Fitzpatrick Company Europe NV, GEA Process Engineering A/S Glatt GmbH, Metso Corporation, Mitchell Dryers Ltd., R. Simon (Dryers) Ltd., SC Technology GmbH, Tetra Laval International SA, ThyssenKrupp AG, ThyssenKrupp KH Mineral, and Voith GmbH, among others.

The research report titled “Industrial Dryers: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, product innovations and strategic industry activities of major companies worldwide. The report provides market estimates and projections of industrial dryers in US$ Thousands for all major geographic markets - US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. The report also analyzes the Industrial Dryers market by the segments – Direct Dryers, Indirect Dryers, and Specialty Dryers.

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