Spray Dryer Market Size, Share, Trends, Growth 2030

Spray Dryer Industry Prospective:

The global spray dryer market size was worth around USD 5.57 billion in 2022 and is predicted to grow to around USD 8.97 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.16% between 2023 and 2030.

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Spray Dryer Market: Overview

A spray dryer is an industrial equipment used during the spray drying method. The technique is used to rapidly dry slurry or liquid into solid and dry powder with the help of hot gas. Spray dryers have extensive applications in several end-user verticals including the chemical industry, food & beverages sector, pharmaceutical, and petrochemical industry along other sectors. A spray dryer is essential for separating the suspension or solute as a solid. During the process, the solvent is separated as a vapor using a liquid stream. The spray drying process is a highly preferred drying process especially when thermally-sensitive materials such as food products are concerned. These dryers are also used in applications that require the production of extremely fine-sized solid particles. Air performs the role of heated drying medium however, in cases where the product being dried is sensitive to oxygen or if the liquid is a flammable solvent then nitrogen is recommended as the drying medium. All spray dryers consist of some form of spray nozzle or atomizer that is used to disperse the slurry or liquid into a precise and controlled drop-size spray.

Key Insights:

• As per the analysis shared by our research analyst, the global spray dryer market is estimated to grow annually at a CAGR of around 6.16% over the forecast period (2023-2030)
• In terms of revenue, the global spray dryer market size was valued at around USD 5.57 billion in 2022 and is projected to reach USD 8.97 billion, by 2030.
• The spray dryer market is projected to grow at a significant rate due to the rising applications in the food industry
• Based on application segmentation, food & dairy was predicted to show maximum market share in the year 2022
• Based on stage segmentation, single-stage was the leading segment in 2022
• On the basis of region, North America was the leading revenue generator in 2022

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Spray Dryer Market: Growth Drivers

Rising applications in the food industry to drive market growth

The global spray dryer market is expected to grow owing to the rising applications of this equipment in the food industry. The increasing population rate and high demand for food products have resulted in tremendous pressure on food suppliers to meet the growing demand of the end consumers. As of 2023, the global food market is valued at USD 10 trillion driven by growing consumption in emerging economies, changing lifestyle and eating patterns, growing access to new food products through e-commerce websites, and increased investments by food retailers in marketing and distribution. Spray dryers form an integral part of the food sector since they are used for multiple purposes with the primary being the production of milk powder and other dairy products. Milk powder has a higher shelf life than regular milk in addition to having more nutrients, especially in terms of B12 and thiamine. They also have high protein content making them desirable in the health-conscious consumer segment. The rising shortage of fresh milk supply and growing consumption of milk-based dairy products have resulted in a higher demand for spray dryers to produce milk powders.

Growing sales of protein powder among adults and fitness enthusiasts could push market revenue

Another crucial growth propeller in the spray dryer industry is the increasing consumption of protein powder as a protein supplement. Most popular diet forms in present times do not have sufficient protein content and many people have to rely on external sources such as whey protein to achieve their everyday protein requirement. The global whey protein market was valued at USD 13.1 billion in 2022.

Spray Dryer Market: Restraints

High cost of installation and operation to restrict market growth

The global spray dryer market growth is projected to be restricted owing to the high cost of installation and operation of spray dryers. These equipment are extremely complex in terms of manufacturing and application. They are specialized machines and should only be operated in the presence of skilled professionals. Additionally, these machines tend to be high in terms of operation cost since they are highly energy-intensive. Spray dryers also have specific performance drawbacks including variations or changes in particle size and shape distribution that impact the overall machine cost-efficiency.

Spray Dryer Market: Opportunities

Surging innovation rate and increasing player collaboration expected to create growth opportunities

The market for spray dryers is expanding at a rapid rate due to surging applications in the end-user verticals. This has led to increased investments in new product launches including aggressive measures adopted by companies to enter new markets especially emerging nations with high consumption rates. For instance, in April 2023, RELCO® announced the launch of Parvus™ pilot spray dryer with applications in the food industry. The product is available in two variants with the first one being a single-stage dryer and can be used for smaller production volumes up to 22 lb of water evaporation. The Parvus Multi-Stage dryer has a wider body and the production volume can go up to 55 lb. It offers flexibility to customers that require scalable solutions as well as initial testing. In May 2020, Fluid Air announced the launch of the PolarDry Electrostatic Spray Dryer, Model 0.1. The product is the latest addition and has applications in feasibility testing. It can be disassembled and used for autoclave sterilization and is ideal for small-scale companies.

Spray Dryer Market: Challenges

Performance limitations of spray dryers to challenge market expansion rate

Most spray dryers have limited feed viscosity as feedstock with viscosity lower than 500 centipoises can be only used for this procedure. In certain situations, the feed has to be initially diluted to achieve the desired viscosity value. In such cases, other drying methods may be more suitable as they will be more operationally and cost-effective. On the other hand, some of the material produced during the spray drying process are inflammable and explosive posing a severe health and life hazard if proper safety protocols are not followed thus creating growth barriers for the global market players.

Spray Dryer Market: Segmentation

The global spray dryer market is segmented based on application, flow, stage, product, and region.

Based on application, the global market divisions are the chemical industry, pharmaceutical & nutraceuticals, food & dairy, and others. In 2022, the highest growth was registered in the food & dairy industry due to extensive machine application. The increasing innovation rate for the development of more efficient spray dryers especially targeting the food industry is likely to impact segmental growth during the forecast period. In 2022, the dairy industry generated around USD 895 billion in revenue.

Based on flow, the spray dryer industry segments are counter-current, co-current, and mixed flow.

Based on stage, the spray dryer industry divisions are two-stage, multi-stage, and single-stage. The highest revenue was generated by the single-stage segment in 2022 owing to the less complexity of the tool as opposed to two-stage and multistage spray dryers. However, each unit has significant demand in specific industries. For instance, single-stage variants have higher application in the food industry while two-stage variants are more suitable for the pharmaceutical sector. As per research, the efficiency rate of a conventional 85C outlet temperature and 200C inlet temperature drier is around 65%.

Based on product, the global market segments are fluidized, nozzle atomizer, centrifugal, and rotary atomizer.

Spray Dryer Market: Report Scope

Spray Dryer Market: Regional Analysis

North America to deliver the highest CAGR during the forecast timeframe

The global spray dryer market will witness the highest results in North America since it is a mature market. The US state was one the early adopters of spray drying in several end-user verticals and is influenced by the presence of key spray dryer manufacturers and suppliers. In addition to this, the increasing demand in the expansive food and beverages industry has played a crucial role in North America’s control over the global revenue share. The regional market players are amping up their investments in the development of more efficient spray dryers. They are also collaborating with international companies to enter new and emerging markets.

In Europe, the growth may be propelled by the growing application of spray drying technology in the pharmaceutical sector. The rising commercial sale permission granted by the European Commission and changing food industry trends along with higher consumption of dairy and milk-based products could result in better regional response during the forecast period. Asia-Pacific, on the other hand, is witnessing surging population growth leading to higher demand for food products. The rising number of domestic players will directly impact regional growth.

Spray Dryer Market: Competitive Analysis

The global spray dryer market is led by players like:

• Dedert Corporation
• GEA Group
• Buchi Labortechnik AG
• Labplant UK Ltd.
• SPX FLOW
• European Spray Dry Technologies
• Yamato Scientific Co. Ltd.
• Changzhou Lemar Drying Engineering Co. Ltd.
• SANOVO TECHNOLOGY GROUP
• Acmefil Engineering Systems Pvt. Ltd.
• Kimia Mahan Process Co.

The global spray dryer market is segmented as follows:

By Application

• Chemical Industry
• Pharmaceutical & Nutraceuticals
• Food & Dairy
• Others

By Flow

• Counter-Current
• Co-Current
• Mixed Flow

By Stage

• Two-Stage
• Multi-Stage
• Single-Stage

By Product

• Fluidized
• Nozzle Atomizer
• Centrifugal
• Rotary Atomizer

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa