food sterilization equipment market : 2020 Industry Outlook, Comprehensive Insights, Growth and Forecast 2030

The global food sterilization equipment market accounted for US$ 741.8 million in 2019 and is estimated to be US$ 1369.2 million by 2029 and is anticipated to register a CAGR of 6.4%.

The report "Global Food Sterilization Equipment Market, By Process (Batch Sterilization and Continuous Sterilization), By Technology (Heat, Steam, Radiation, Chemical, Filtration, and Others), By Application (Spices, Seasonings & Herbs, Meat, Poultry & Seafood, Dairy Products, Fruits & Vegetables, Juices & Beverages, Grains, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.

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Key Highlights:

In January 2017, Cosmed Group, Inc of Jamestown, Rhode Island has acquired the ethylene oxide sterilisation operation in Erie, PA from iuvo BioScience, LLC, marking a significant strategic move by both companies. Cosmed Group which provides pasteurisation and sterilisation services and technologies to food producers and manufacturers.
Analyst View:

Manufacturers involved in food safety testing application are looking for machines that can enhance operational efficiency, increase uptime, reduce cost, and minimize footprint and energy requirements. Additionally, manufacturers involved in sterilization equipment like Allpax products and JBT Corporation are directing towards automation solutions to processed food manufacturers in order to cater to their changing requirements. Moreover, continued investments in low-temperature sterilizers have resulted in dropping processing times and refining cost efficiency, thus resulting in increasing equipment demand throughout the forecast period.

Nevertheless, a growing number of several diseases particularly the foodborne diseases among most of the population is creating lucrative growth opportunities for the target market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Food Sterilization Equipment Market”, By Process (Batch Sterilization and Continuous Sterilization), By Technology (Heat, Steam, Radiation, Chemical, Filtration, and Others), By Application (Spices, Seasonings & Herbs, Meat, Poultry & Seafood, Dairy Products, Fruits & Vegetables, Juices & Beverages, Grains, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029

Key Market Insights from the report:

The global food sterilization equipment market accounted for US$ 741.8 million in 2019 and is estimated to be US$ 1369.2 million by 2029 and is anticipated to register a CAGR of 6.4%. The market report has been segmented on the basis of process, technology, application, and region.

By process, the batch sterilization segment is leading the target market and is expected to maintain its position throughout the forecast period due to increasing use in multiple food application industries and simple and fast processing features as compared to others.
By technology, the radiation segment is leading the target market and is expected to maintain its position throughout the forecast period owing to the increasing demand for various chemical-free food processing and environment-friendly techniques.
By application, the spices, seasonings, & herbs segment are leading due to their wide use in cuisines across the globe, and rising focus of foremost manufacturers for adopting the improved sterilization processes for providing high-quality food products that contain spices, herbs, or seasonings.
By region, Asia Pacific is expected to register vigorous growth during the forecast period due to the presence of foremost countries such as India, China, Japan, and Australia. Raised consumer spending on ready meals and widespread health awareness on account of the growing consumption of canned food is projected to boost the target market growth in this region.

Competitive Landscape:

The prominent player operating in the global food sterilization equipment market includes Buhler AG, Cosmed Group, Raphanel System, DELIMA S.P.A., Industrial Sonomechanics LLC, Ventilex, Surgery S.L., STERIFLOW Company, Allpax Products LLC., HISAKA LTD., and Sun Sterifaab Pvt. Ltd.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period

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This release was published on openPR.