by Industrial dryers are machines that are used to reduce the moisture content of materials through the application of heated air. They are extensively used across various end-use industries like food & beverage, pharmaceutical, chemical, and others. Industrial dryers offer advantages like cost-effectiveness, energy efficiency, and sustainability. The rising demand for dried food products especially pasta, grains, meat along with growth in processed food industry has augmented the need for industrial dryers.
The Global Industrial Dryer Market Size is estimated to be valued at US$ 1.58 Bn in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rising demand from food and beverage industry remains a key driving factor for industrial dryer market. According to data, the global processed food market is projected to reach US$ 4 trillion by 2030 growing at a CAGR of 7%. Manufacturers are continuously innovating dryer technologies to cater to diversifying demands of food processing industry. For instance, flash dryer technology allows quick and gentle drying of heat-sensitive foods without compromising on quality and nutrients. Similarly, spray dryer technology is widely used for drying milk powders, herbs and spices extract as it ensures uniform moisture removal. Going forward, industrial dryers with advanced data monitoring systems and remote operational capability are expected to gain prominence to achieve enhanced operational efficiency for food companies.
SWOT Analysis
Strength: Industrial dryers are widely used to dry various materials like food, chemicals, pharmaceuticals etc. which gives manufacturers wide scope of applications.
Weakness: High initial investment cost for setting up industrial dryer units. Maintenance and operational costs of large industrial dryers are also high.
Opportunity: Growing food processing, chemical and pharmaceutical industries are driving demand for industrial dryers. Developing economies offer huge growth potential for industrial dryer market.
Threats: Stringent government regulations regarding energy efficiency and emissions. Technological advancement leads to cheaper alternative drying technologies.
Key Takeaways
The global industrial dryer market is expected to witness high growth. The global Industrial Dryer Market is estimated to be valued at US$ 1.58 Bn in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024 to 2031.
The Asia Pacific region currently dominates the global industrial dryer market and is expected to witness the fastest growth during the forecast period. Presence of large manufacturing sectors such as food processing, chemicals, pharmaceuticals in countries such as China, India is driving the demand for industrial dryers in the region.
Key players operating in the industrial dryer market are PepsiCo, Inc., Nestle SA, The Coca-Cola Company, Groupe Danone, Abbott Laboratories, Bernard Food Industries, Inc, Zydus Wellness Ltd., Dr. Pepper Snapple Group Inc., McNeil Nutritionals LLC, Cargill, Incorporated, and Ajinomoto Co., Inc. Key players are focused on developing advanced dryer technologies with improved energy and material efficiency to gain competitive advantage. Players are also expanding their manufacturing facilities in high growth emerging markets through strategic acquisitions and partnerships.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
