Opportunities for New Market Entrants in Spray Drying Equipment Market

Spray drying refers to the method of particle production by the transformation of fluid material into dried particles by using a gaseous hot drying medium. After the droplet-to-particle conversion is concluded, a separation process takes place where the dried particles are disassociated from the drying gas. These dried particles are collected through various equipment. Some of them include cyclone separator, the bag filter, and the electrostatic precipitator, among others. Spray drying equipment has grown in demand over the years because of the growing applications of spray dryers in the food industry, especially due to the changing lifestyle, resulting in a higher demand for functional food that can be conveniently consumed.

The global market for spray drying equipment is projected to reach USD 6.12 billion by 2023, at a CAGR of 6.9%

Spray drying has several advantages. One of them includes the ability to be completely automated and continuous. Some of the other advantages include short residence time and suitability across both heat-sensitive and heat-resistant foods. All these factors have resulted in higher applications of the spray drying technology, and, in turn, has increased the spray drying equipment market as well.

Significance of spray drying equipment across the food & beverage and pharmaceutical industries to fuel the market growth

Spray drying equipment has grown in applications across various industries. The largest application area of the spray drying equipment remains the food & beverage industry. New developments in the functional food & beverage ingredients and an increase in demand for RTE (ready-to-eat) foods will further drive the growth of the spray drying equipment. The spray dryer equipment also finds a wide range of applications in the food industry as well—starting from food ingredients to the conversion of fruit & vegetable juices into instant mixes, instant coffee mixes, and drying of eggs and dairy products.

The pharmaceutical industry also uses spray dryers, which is required for the formulation of nutrient particles. There are various types of spray dryers that are used according to the product type and the nature of production—whether it is a batch or continuous production. The speed and versatility of spray drying equipment, especially the spray dryer, make it adoptable across multiple industries, food & beverage, and pharmaceutical. Moreover, the high-quality control standards associated with the usage of spray drying equipment make it extremely useful as well. 

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Geographical Prominence

Geographically, North America accounted for the largest market share for the spray drying equipment market. The food ingredient and dairy industries in this region have undergone comprehensive changes in terms of technological advancements and investments in infrastructure. The extraction and use of food additives and an increase in demand for convenience food items such as instant coffee and soup mixes have widened the scope for spray drying to facilitate rapid production.

The dairy processing industry in the North American region is large, in terms of value, and contributes a larger share to the respective GDP of the respective countries. Major players such as Kraft Foods Group Inc. (US) and Abbott Nutrition (US) are using the spray drying technique for processing their products. Furthermore, the US accounted for the largest share of the North American spray drying equipment market, which is majorly driven by the rise in the number of milk powder manufacturers and the use of spray drying in the food & beverage industry.

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Conclusion

The changing business dynamics and consumer preferences have resulted in the usage of a variety of novel ingredients that has increased the demand for spray drying equipment. The isolation of active ingredients and the thermal control give the spray drying technology leverage over the other drying techniques, as well. However, it is the high capital, overhead, and maintenance costs that still restraints the growth of the market. With the growing investments by companies across various regions, it is expected that the market for spray drying equipment will increase in the upcoming years.

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