Complete: Inside story of key Players with COVID-19 Impact on Food Ingredients Sterilization Market

The coronavirus pandemic has significant impact on the global food ingredients sterilization market. Meat & poultry ingredients segment contributed major revenue share in 2019 and heat sterilization method accounted for significant market share in the previous years. Similarly, North America dominated the global market size and is estimated to grow at healthy rate in the forecast time. The key players in the global market are concentrating on product improvements to gain major position in the global market.

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Our report includes:

• Technological Impact
• Social Impact
• Investment Opportunity Analysis
• Pre- & Post-COVID Market Scenario
• Infrastructure Analysis
• Supply Side & Demand Side Impact

As per a new study conducted by Research Dive, the global food ingredients sterilization market is estimated to experience a healthy growth throughout the forecast years from 2019-2027. The global market classification is done on the basis of ingredients, sterilization method and region. This study delivers detailed information about drivers, opportunities, restraints, segmentation analysis and key participants of the market.

Factors affecting market growth

According to this study, increasing consciousness of food safety along with rising demand for packaged food products across the globe are the major drivers for the growth of the market. However, stringent government regulations on the approval of products and increasing demand for organic or fresh foods are expected to restrict the food ingredients sterilization market growth.

Meat & poultry ingredients and Heat sterilization method segments are generated for majority of the market share in 2019

By ingredient, the global market has been classified into dried fruits & vegetables, spices, herbs, &seasonings, meat & poultry, cereals & pulses, dairy ingredients, seafood and tea blends. Among these, meat & poultry segment accounted for majority of the food ingredients sterilization market share in the previous years and is estimated to continue its growth in the forecast years. Wide usage of sterilization treatment methods for meat & poultry products to remove micro-organisms and help to store for longer periods due to growing number meat consumers and increasing demand for processing foods. This factors is expected to drive the market growth in the forecast years. Spices, herbs & seasonings segment will experience a notable growth and is expected to grow at faster rate during the forecast years.

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On the basis of sterilization method, the global market has been segmented into heat, moisture, radiation and others. In these, heat sterilization method generated the highest food ingredients sterilization market size in 2019 and is projected to grow at a healthy rate throughout the estimated timeframe. Extensive usage of heat sterilization method due to it is one of the major and effective technique in food processing industry to eliminate unfavorable enzyme and bacteria activity by thermal processing of foods. This factor will fuels demand for heat sterilization method, which will boost the market growth in the forecast years.

Food ingredients sterilization market, Regional outlook

The global market size has been dominated by North America region in the previous years and is expected to continue its growth throughout the forecast period. Increasing awareness among the consumers about benefits of sterilization over preservatives along with technical developments in food & beverage sectors are majorly driving the market growth in the forecast years. Beside North America, Asia-Pacific food ingredients sterilization market will experience a lucrative growth and is estimated to generate ample growth opportunities in the coming years. This expected growth is majorly owing to increasing consumption of packaged & processed food in the Asia-Pacific region.

Prominent players in the global food ingredients sterilization market

The prominent participants in the global food ingredients sterilization market include
• Wenda Ingredients,
• Cosmed Group,
• Evonik industries AG,
• Arkema,
• AkzoNobel N.V.,
• Balchem Inc.,
• Namah Steam Sterilization,
• Solvay S.A.,
• Sterigenics
• Hansol Chemical

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This release was published on openPR.