Food Sterilization Equipment Market $922.7 Million by 2023
CHICAGO, September 20, 2018 /PRNewswire/ --
According to the new market research report "Food Sterilization Equipment Market by Technology (Heat, Steam, Radiation, Chemical, and Filtration), Process (Batch and Continuous), Application (Spices, Seasonings, and Herbs and Dairy Products), and Region - Global Forecast to 2023", published by MarketsandMarketstm, the market is estimated to be valued at USD 678.8 million in 2018 and is projected to reach USD 922.7 million by 2023, recording a CAGR of 6.3% from 2018.
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Factors such as rising incidences of foodborne diseases and growing awareness about food safety among consumers are projected to fuel the market growth during the forecast period. The Food Sterilization Equipment Market is also projected to grow due to an increasing demand for non-thermal sterilization processes and technological advancements in the food processing industry.
By application, the spices, seasonings, and herbs segment to lead the Food Sterilization Equipment Market from 2018 to 2023
The spices, seasonings and herbs segment dominated the market based on application in 2018. As they are used in most of the cuisines worldwide, leading manufacturers are focusing on adopting improved sterilization processes to offer high-quality food products containing spices, herbs, or seasonings. These factors are projected to escalate the demand for the food sterilization equipment for spices, seasoning, and herbs.
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Radiation segment projected to grow at the highest CAGR, by technology, from 2018 to 2023
Radiation minimizes the presence of pathogens in the food products and lowers the speed of enzymes production, which eventually slows down the ripening, spoilage, and sprouting process in the food. The growing demand for chemical-free and environment-friendly food processing techniques is projected to drive the market for radiation technology in the food processing industry.
Batch sterilization equipment segment projected to grow at the highest CAGR, by process, from 2018 to 2023
Batch sterilization is a sterilization system, which is used in various food application industries. Due to the minimal expenditure on the apparatus and assets as compared to the continuous sterilization process system, batch sterilization is the most preferred process. In addition, easy and fast processing features of this process contributed towards its overall growth in the market.
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Asia Pacific is projected to witness the fastest growth in the market during the forecast period
The rising incidences of foodborne illness are mainly due to the presence of allergens and pathogens and mislabeling of food products, which leads to the contamination of food products from plastic, glass, and metal parts. These factors are projected to drive the Food Sterilization Equipment Market in various developing countries of the region.
This report includes a study of business strategies and the product portfolios of leading companies. It includes the profiles of leading companies such as JBT Corporation (John Bean Technologies) (US), Buhler (Switzerland), Ventilex (Netherlands), Surdry (Spain), Cosmed Group (US), Steriflow (France), Allpax (US), Hisaka (Japan), Systec (Germany), De Lama (Italy), Raphanel (Spain), Sun Sterifaab (India), and Industrial Sonomecanics (US).
Food Processing Equipment and Technology Market Research Reports & Consulting
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