Global Spray Drying Equipment Market to Grow at a CAGR of 6.8% During 2024-2032, Aided by the Growing Applications in Food Production and the Demand from the Pharmaceutical Sector

A spray dryer constitutes a pivotal piece of industrial equipment employed for swiftly converting liquids into powders or granules in a singular operation. The spray drying equipment market is being supported by its growing demand across industries. This process entails atomizing the liquid into minute droplets, followed by the extraction of moisture through drying within a hot air stream. The outcome is a fine powder with fluid-like properties, facilitating easy handling and packaging. Renowned for its exceptional efficiency, versatility, and the uniform quality of its products, spray drying stands as a prevalent technique across the food, pharmaceutical, and chemical industries.

In the food production, spray drying technology stands as a pivotal tool, notably in the creation of instant coffee, tea, milk powders, egg products, infant formula, flavors, and various food ingredients. This method effectively retains the taste, scent, and appearance of the food items while concurrently minimising microbial and other impurities. Its remarkable efficiency and rapidity render it a cost-effective means of generating large volumes of food ingredients.

Fig: Global Food Import, USD Billion, in 2021

In addition, the pharmaceutical industry extensively utilises spray drying technology for its ability to produce powders, granules, and tablets while encapsulating active pharmaceutical ingredients. The uniform particle size and stability of spray-dried powders make them ideal for pharmaceutical applications. This method preserves the potency and effectiveness of active constituents, ensuring the production of high-quality pharmaceutical products. Overall, spray drying plays a crucial role in enabling the pharmaceutical sector to manufacture superior-grade medications efficiently. Further, the growing pharmaceutical industry is supporting the growth of the market. According to industry reports, the pharmaceutical industry accounted for the highest sector R&D intensity (R&D as a percentage of net sales) of 12.4% in 2020.

Fig: Pharmaceutical R&D Expenditure – Annual Growth Rate (%)

 
Further, increasing market growth in the end-use industry is encouraging  players to adopt advanced and faster technologies to cater to the rising demand. This is giving rise to innovation in spray drying equipment, supporting collaboration and mergers. For instance, in August 2023, Bürkert Fluid Control Systems collaborated with Nova Laboratories Ltd to develop aseptic spray drying equipment for pharmaceutical manufacturing, meeting FDA and EMA standards. This partnership aims to enhance the production of powdered pharmaceutical products, offering advantages such as particle engineering capabilities and improved bioavailability of compounds.

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Market Breakup by Spray Dryer Type, Application, Cycle Type, Drying Stage, Flow Type, and Region:

• The market is segmented based on spray dryer type into rotary atomizer spray dryer, nozzle atomizer spray dryer, fluidized spray dryer, closed loop spray dryer, and centrifugal spray dryer.

• Based on application, the market can be divided into food, pharmaceutical, and chemical.

• By cycle type, the market is bifurcated into open cycle and closed cycle.

• The market is segmented based on the drying stage into multistage, two-stage, and single-stage.

• Based on flow type, the market is segmented into co-current flow spray dryers, counter-current flow spray dryers, and mixed flow spray dryers.

• Region-wise, the global market for spray drying equipment can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• Spray drying technology offers a swift and cost-effective means of converting liquids into powders or granules in food production, maintaining product quality while minimizing impurities. This efficiency drives its adoption for large-scale ingredient generation.

• Spray drying equipment is supported by the growing pharmaceutical industry, ensuring uniformity and potency of active pharmaceutical ingredients, facilitating the efficient production of high-quality medications in the pharmaceutical sector.

• The growing focus of manufacturers on launching food products with improved shelf-life is contributing to the market demand.

Key Offerings of the Report:

• The EMR report gives an overview of the global spray drying equipment market for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the spray dryer type, application, cycle type, drying stage, flow type, and major regions of the spray drying equipment market.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global spray drying equipment market are SPX flow, Inc., GEA Group Aktiengesellschaft, BÜCHI Labortechnik AG, European SprayDry Technologies, Changzhou Lemar Drying Engineering Co., Ltd., and Acmefil Engineering Systems Pvt. Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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