According to Cognitive Market Research, the global Milk and Dairy Analyzer market size will be USD 361.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 2.90% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 144.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.1% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 108.45 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 83.15 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 18.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.3% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 7.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.6% from 2024 to 2031.
The infrared category is the fastest growing segment of the Milk and Dairy Analyzer industry
