Hydrogen peroxide-based F&B sterilizing agent market to gain substantial impetus over 2019-2025 with Solvay, Evonik, Sterigenics, Balchem Corporation, OCI Chemical, Arkema, AkzoNobel, PeroxyChem

North America is leading the global sterilizing market solely lead by its well-established food industry. Rising consumption of ready to eat food as a result of busy lifestyles is the major reason propelling food & beverage sterilizing agent market in the region. Also, increasing purchasing power of consumers together with health and hygiene concerns is triggering the market growth. In addition, surge in tourism & catering industry in U.S. will offer a promising regional growth in coming years.

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The global food and beverage sterilizing agent market trends have been positively influenced by the expanding food processing industry that is expected to gain massive growth impetus over the coming years. Undeniably, the growth can be attributed to the prevalence of hectic lifestyles, rapid urbanization and greater participation of women in the workforce. These factors together have contributed to the surge in the popularity of packaged and processed foods, which in consequence, has added stimulus to the food and beverage sterilizing agent industry as sterilization is one of the most crucial steps in the food processing industry, the lack of which can pose as a formidable impediment to profitability.

Food and beverage sterilizing agent market is also gaining strong outlook due to the potential of sterilization agents like hydrogen peroxide and peracetic acid. Ever since the 1980s, hydrogen peroxide became a popular choice as a sterilizing agent throughout Europe and the United States due to its compatibility with polyethylene surfaces. The food processing and packaging industry has continued to grow exponentially in the last few decades not only due to the convenience processed and packaged foods provide, but also due to the shrinking time and effort consumers wanted to devote to kitchens – time that was taken up by other activities. 35% food grade hydrogen peroxide is one of the most widely used sterilization agents in the food and beverages industry and is used in the anti-corrosion and preservation of dried fruits and water logged food products besides the sterilization for food processing equipment and container.

Companies Profiled based on Business Overview, Strategic Outlook & SWOT Analysis:
1. STERIS Life Sciences
2. Solvay
3. Evonik
4. Sterigenics
5. Balchem Corporation
6. OCI Chemical
7. Arkema
8. Jubilant Life Sciences Ltd.
9. Aditya Birla Chemicals
10. AkzoNobel
11. PeroxyChem
12. Taekwang Industry Co, Ltd
13. Hansol Chemical

The dairy industry is one of the predominant businesses that demands rigorous sterilization and food grade hydrogen peroxide has proved to be one of the most potent sterilizing agents in dairy product sterilization due to its broad-spectrum sterilization effect which leads to rapid sterilization leaving no residue or bubbles. Milk, for instance is highly sensitive to bacteria. Therefore aseptic filling equipment are sterilized food grade hydrogen peroxide to keep milk sterile. Also hydrogen peroxide quickly decomposes into water and oxygen without polluting the products or packing boxes which makes it an ideal sterilizing agent in the food and beverages industry. Considering that the demand for milk and milk products has recorded a steady upsurge, the food and beverage sterilizing agent market will also register a profitable growth graph in the coming years through the obligatory need of sterilization.

Peracetic acid has emerged as a sanitizing agent of choice especially in the brewing industry as it is highly functional in eliminating microbial contamination in aseptic packaging. Since aseptic packaging offers reduced shipping costs and longer shelf life, it is used for low acid and high acid beverages. Sterilizing agents like hydrogen peroxide and peracetic acid are also being increasingly used in cleaning fresh produce without using water or mixing these agents with water.

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Sterilizing agent are chemical compounds used in eliminating contamination of food items. These chemical compounds can be found in any company’s product portfolio which in turn is making the overall market quite competitive. The major players in the industry are Solvay, Steris, Peroxy Chem, Evonik Industries, Mitsubishi gas etc. These companies are adopting various techniques to differentiated them from others and establish themselves as market leader. For instance, Mitsubishi Gas Chemical Company, Inc. has announced to establish new plant for producing and distributing super-pure hydrogen peroxide to be used for sterilizing and other applications.

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