Industrial dryers are machines used for moisture reduction in materials through evaporation of water. They are used in various industries such as food, chemical, pharmaceutical, construction, paper, and others. Applications in food processing are particularly common as drying helps extend shelf-life of food products through the removal of moisture content. Some common products dried in the food industry include herbs, spices, tea leaves, coffee, fruits and vegetables, meat, seafood, dairy products, cereals and snacks. The global industrial dryer market exhibits significant demand from food processing applications such as dairy, meat processing, grains, fruits and vegetables drying. Rising consumption of packaged and processed food worldwide has boosted the adoption of industrial dryers for commercial scale production. With growing health-consciousness and demand for natural and preservative-free foods, industrial dryers are playing a vital role in food production.

The global Industrial Dryer Market is estimated to be valued at Us$ 1.37 Bn in 2023 and is expected to exhibit a CAGR Of 6.1% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics

Growing demand from food industry: As mentioned earlier, industrial dryers are highly used in the food industry for drying various products including fruits, vegetables, herbs and meat. Rising consumption of processed and packaged foods globally has propelled the demand for industrial drying equipment from food companies. According to data by the United Nations Food and Agriculture Organization, world’s total food production is expected to increase by 70% by 2050 to feed the rising global population. This rising agricultural productivity would further boost the adoption of drying technologies including industrial dryers.

Sustained expansion of downstream industries: Industrial dryers have widespread applications across industries such as chemical, pharmaceutical, paper, construction and textile. Growing demand from these end-use sectors is expected to drive the industrial dryer market over the forecast period. Rising infrastructure development activities and global construction output is positively impacting the construction industry which in turn is fueling the sales of industrial dryers.

Segment Analysis

The industrial dryer market is dominated by the food and beverage sub-segment. The food and beverage segment accounts for over 40% of the overall market share as drying is an integral part of food processing and production activities. Industrial dryers are used for drying food items like grains, fruits & vegetables, coffee, herbs and other products across food manufacturing facilities.

PEST Analysis

Political: Governments across major economies have implemented favorable policies and regulations to boost food processing activities. This promotes usage of industrial drying equipment.

Economic: Developing nations are witnessing higher economic growth and increasing per capita income. This drives demand for processed food which spurs installation of industrial dryers.

Social: Changing lifestyle and rapid urbanization are fueling demand for packaged, ready-to-eat foods. Dried foods also have longer shelf-life which widens their appeal.

Technological: Dryer manufacturers are focusing on developing energy-efficient dryers with advanced controls. Use of automation and IoT solutions help achieve optimal drying and improve production efficiency.

Key Takeaways

The Global Industrial Dryer Market Demand is expected to witness high growth at a CAGR of 6.1% during the forecast period of 2023 to 2030. The global Industrial Dryer Market is estimated to be valued at US$ 1.37 Bn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030.

Regional analysis :

The Asia Pacific region currently dominates the global industrial dryer market with over 35% share. China has emerged as the largest market due to rapidly growing food processing industry. India is also witnessing increased domestic and foreign investments in food manufacturing plants over the recent years. This is driving the installation of new large scale drying systems across the region.

Key players :

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. These players are focusing on expanding their drying equipment manufacturing facilities and launching innovative products with improved designs catering to customized drying needs of food manufacturers.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it