Market Overview:
The global milk refrigeration tank market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for dairy products, especially in developing countries. In addition, rising awareness about the benefits of consuming dairy products is also contributing to the growth of this market. The global milk refrigeration tank market can be segmented on the basis of type into closed type tanks and open type tanks. Closed type tanks are more popular among end users as they offer better insulation and are less prone to contamination than open type tanks. On the basis of application, this market can be segmented into dairy farms, milk processing plants, and others (including schools and hospitals). Dairy farms account for a major share of this market owing to their large-scale production operations. Milk processing plants are also witnessing significant growth due to rising demand for processed milk products such as cheese, yogurt, ice cream, etc., across regions. Geographically, North America dominates the global milk refrigeration tank market followed by Europe and Asia Pacific respectively. The dominance of these regions is mainly due high consumption levels coupled with stringent regulations pertaining hygiene & safety standards for storage & handling food items including raw milk & dairy products.
Product Definition:
A milk refrigeration tank is a large container used to store milk at a low temperature. Milk refrigeration tanks are important because they keep the milk cold and help it stay fresh for longer.
Closed Type Tank:
Closed type tank is a part of refrigeration equipment and its function is to store the liquid in which there are solid particles. It has different applications in milk refrigeration tank market. The closed type tanks have advantages over open type as it prevents the formation of bacteria, improves thermal efficiency, reduces energy consumption and increases storage life by avoiding contamination due to evaporation or leakage.
Open Type Tank:
An open type tank is a large container that is used to store milk. It has a top and bottom, but no sides or other closures. Open type tanks are made of different materials like glass, plastic, metal or even wood. The most common material used for making an open type tank is plastic due to its low cost and easy availability across all markets including developed as well as developing economies.
Application Insights:
Dairy farm was the dominant application segment in 2017 and accounted for a revenue share of around 60.0%. The milk refrigeration tank is installed at dairy farms to store and preserve milk. Dairy farmers use this product to store bulk milk, which they collect from cows every day. This bulk storage of milk is done in chilled water tanks, from where it can be distributed in the form of butterfat globules as per the requirements of various food products like cheese, ice cream and others.
The demand for fresh or frozen dairy products has witnessed a rise due to changing consumer patterns towards convenience foods that are available on-the-go at affordable prices.
Regional Analysis:
Europe dominated the global milk refrigeration tank market in 2017. The presence of a large number of dairy farms and milk processing plants in Europe has led to high product demand. Furthermore, technological advancements coupled with an increase in R&D activities for developing new products are expected to drive the regional market over the forecast period. Milk is a major component of European diet which has resulted in increased demand for refrigerated products over the past few years.
Asia Pacific is anticipated to witness significant growth during the forecast period owing to increasing dairy farm sizes.
China accounted for more than 20% share within Asia Pacific region owing to rapid urbanization along with industrialization that have led towards development of various industries including food & beverage industry which ultimately drives product consumption across this region.
Growth Factors:
- Increasing demand for milk due to rising population and changing dietary habits
- Growing food and beverage industry
- Technological advancements in milk refrigeration tanks that improve efficiency and performance
- Rising disposable income of consumers that enables them to purchase premium dairy products
- Stringent regulations on food safety by government authorities
Scope Of The Report
Report Attributes
Report Details
Report Title
Milk Refrigeration Tank Market Research Report
By Type
Closed Type Tank, Open Type Tank
By Application
Dairy Farm, Milk Processing Plant, Others
By Companies
Danfoss, GEA, Paul Mueller, Kromel, DeLaval, Roka
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Milk Refrigeration Tank Market Report Segments:
The global Milk Refrigeration Tank market is segmented on the basis of:
Types
Closed Type Tank, Open Type Tank
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Dairy Farm, Milk Processing Plant, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Danfoss
- GEA
- Paul Mueller
- Kromel
- DeLaval
- Roka
Highlights of The Milk Refrigeration Tank Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Closed Type Tank
- Open Type Tank
- By Application:
- Dairy Farm
- Milk Processing Plant
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Milk Refrigeration Tank Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A milk refrigeration tank is a large, insulated container used to store milk. It is typically mounted on the wall of a dairy or food processing plant and contains enough cold storage space to hold several thousand gallons of milk.
Some of the key players operating in the milk refrigeration tank market are Danfoss, GEA, Paul Mueller, Kromel, DeLaval, Roka.
The milk refrigeration tank market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Milk Refrigeration Tank Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Milk Refrigeration Tank Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Milk Refrigeration Tank Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Milk Refrigeration Tank Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Milk Refrigeration Tank Market Size & Forecast, 2018-2028
4.5.1 Milk Refrigeration Tank Market Size and Y-o-Y Growth
4.5.2 Milk Refrigeration Tank Market Absolute $ Opportunity
Chapter 5 Global Milk Refrigeration Tank Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Milk Refrigeration Tank Market Size Forecast by Type
5.2.1 Closed Type Tank
5.2.2 Open Type Tank
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Milk Refrigeration Tank Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Milk Refrigeration Tank Market Size Forecast by Applications
6.2.1 Dairy Farm
6.2.2 Milk Processing Plant
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Milk Refrigeration Tank Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Milk Refrigeration Tank Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Milk Refrigeration Tank Analysis and Forecast
9.1 Introduction
9.2 North America Milk Refrigeration Tank Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Milk Refrigeration Tank Market Size Forecast by Type
9.6.1 Closed Type Tank
9.6.2 Open Type Tank
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Milk Refrigeration Tank Market Size Forecast by Applications
9.10.1 Dairy Farm
9.10.2 Milk Processing Plant
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Milk Refrigeration Tank Analysis and Forecast
10.1 Introduction
10.2 Europe Milk Refrigeration Tank Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Milk Refrigeration Tank Market Size Forecast by Type
10.6.1 Closed Type Tank
10.6.2 Open Type Tank
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Milk Refrigeration Tank Market Size Forecast by Applications
10.10.1 Dairy Farm
10.10.2 Milk Processing Plant
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Milk Refrigeration Tank Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Milk Refrigeration Tank Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Milk Refrigeration Tank Market Size Forecast by Type
11.6.1 Closed Type Tank
11.6.2 Open Type Tank
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Milk Refrigeration Tank Market Size Forecast by Applications
11.10.1 Dairy Farm
11.10.2 Milk Processing Plant
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Milk Refrigeration Tank Analysis and Forecast
12.1 Introduction
12.2 Latin America Milk Refrigeration Tank Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Milk Refrigeration Tank Market Size Forecast by Type
12.6.1 Closed Type Tank
12.6.2 Open Type Tank
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Milk Refrigeration Tank Market Size Forecast by Applications
12.10.1 Dairy Farm
12.10.2 Milk Processing Plant
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Milk Refrigeration Tank Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Milk Refrigeration Tank Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Milk Refrigeration Tank Market Size Forecast by Type
13.6.1 Closed Type Tank
13.6.2 Open Type Tank
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Milk Refrigeration Tank Market Size Forecast by Applications
13.10.1 Dairy Farm
13.10.2 Milk Processing Plant
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Milk Refrigeration Tank Market: Competitive Dashboard
14.2 Global Milk Refrigeration Tank Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Danfoss
14.3.2 GEA
14.3.3 Paul Mueller
14.3.4 Kromel
14.3.5 DeLaval
14.3.6 Roka
