Press release
HPP Equipment and Food Market Share from APAC, Europe, America to rise at 9.2% CAGR through 2030
The Global HPP Equipment and Food Market size is estimated to be USD 556.7 Million in 2019 and is predicted to reach USD 1.47 Billion by 2030 with a CAGR of 9.2% from 2020-2030.High Pressure Processing (HPP) equipment are mainly used in food industry for sterilization of food products. HPP is equivalent to pasteurization that enhances the processed food quality and increases their shelf life. These equipment generate isostatic pressure via water and terminate the bacteria & germs in food items and prevent degradation. One of the major benefits of HPP equipment is that, it eliminates the bacteria, parasites and viruses that enhances the shelf life of the products. It also helps sustain the nutrition and flavor of food being processed which is an added benefit compared to the thermal treatment. Due to these reasons, HPP equipment are gaining traction among global food giants.
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Top Companies: Avure Technologies Inc., Universal Pasteurization Co., Multivac Sepp Haggenmuller SE & Co. KG, Bao Tou KeFa High Pressure Technology Co. Ltd., Hiperbaric Espana, Kobe Steel Ltd., CHIC FresherTech, Hyperbaric SA, ThyssenKrupp AG and others.
The global HPP Equipment and Food market share has been analyzed based on orientation type, application and geography. Based on orientation type, it is divided into horizontal and vertical. Based on application, the market is segmented into fruits & vegetables, meat, juice & beverages, and seafood. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
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North America is estimated to hold the major share of global HPP Equipment and Food market during the forecast period due to increasing use for processing of juices and beverages followed by seafood, meat and vegetable. It’s well developed infrastructure and technological advancements further propel the market growth. The market of Asia Pacific is estimated to grow at the fastest rate owing to the changing food habits and rising health awareness. The stringent policies for public health welfare are further augmented to back the market growth. Furthermore, the rising awareness about the benefits of high-pressure processing equipment is contributing to the growth in high pressure processing equipment market.
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