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• The global processed milk processing equipment market size was valued at USD 11.10 billion in 2024 and is expected to reach USD 16.41 billion by 2032, at a CAGR of 5.00% during the forecast period

• The market growth is largely fuelled by the increasing global demand for processed dairy products, rising investments in dairy automation technologies, and the expanding dairy industry in emerging economies

• In addition, the rising adoption of energy-efficient and sustainable equipment by dairy manufacturers to minimize operational costs and meet environmental regulations is significantly contributing to the market expansion

• The global hemp-derived cannabidiol market size was valued at USD 221.74 million in 2024 and is expected to reach USD 386.73 million by 2032, at a CAGR of 7.20% during the forecast period

• The market growth is largely fueled by the increasing awareness of the therapeutic benefits of hemp-derived cannabidiol (CBD) in managing conditions such as chronic pain, anxiety, epilepsy, and inflammation, leading to widespread product innovation and medical research across the globe

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