Infinium Global Research Homogenizers Market | Page 3

Homogenizers Market: Trends and Forecast -2024 Also, shift from traditional homogenizing equipment’s to automated homogenizing equipment, particularly in developing countries to fuel growth in homogenizers market. However, high cost of homogenizing equipment is anticipated to obstruct the growth of the homogenizer market. Furthermore, rising disposable income among the middle class population to generate opportunity for the retail food market that would further increase the requirement for homogenizer products On the basis of technology type, pressure homogenizer’s type is estimated to grow at the highest CAGR during the forecast period, 2018-2024. Pressure homogenizers are widely used for emulsifying food & dairy and pharmaceutical products. The growing pharmaceutical and food & dairy industry is likely to augment growth in the pressure homogenizer’s products. Furthermore, on the basis of end-use industries food & dairy industry is expected to have largest market share in 2017 and is expected to showcase its dominance during the forecast period, owing to growing consumption of food products and changing consumer lifestyle. On the basis of Geography, Asia Pacific is expected to have the largest market share in 2017 and is expected to hold the highest market share during the forecast period, 2018-2024. The emerging economies such as India and China is expected to contribute heavily for the growth of the homogenizers market in Asia pacific region owing to growing adoption towards packaged foods, rising disposable income and increased spending behavior. Segment Covered The report on global homogenizers market covers segments such as, technology type, function type, valve type and end-user. On the basis of technology type the global homogenizers market is categorized into ultrasonic homogenizer, pressure homogenizer, mechanical homogenizer and bead mill homogenizer. On the basis of function type the global homogenizers market is categorized into manual and automated. On the basis of valve type the global homogenizers market is categorized into single valve assembly and dual valve assembly. On the basis of End-User the global homogenizers market is categorized into pharmaceuticals, cosmetics & personal care, food & diary, chemical processing, biotechnology and others. 3 © Infinium Global Research