(I-BusinessNews.Com, June 09, 2021 ) Food Sterilization Equipment Market size in 2020 is estimated to be $690 million, growing at a CAGR of 5.9% during the forecast period 2021-2026. Sterilization is the method of removing all living micro-organisms. Food sterilization equipment helps to fight moulds and different microbes in spices and herbs. Food sterilization equipment helps to treat all types of food products such as milk, juices, beer, fish, meat, and many more. Growing concerns regarding food safety and technological advancement are the major factors driving the growth of the market. Moreover, advancement of R&D activities further enhance the overall market demand for food sterilization equipment during the forecast period 2021-2026.
Food Sterilization Equipment Market Segment Analysis – By Process
Based on the Process, Food Sterilization Market is segmented into Batch Sterilization, Continuous Sterilization. The batch sterilization segment is forecast to be the fastest-growing segment and is projected to grow at a CAGR of 5.8% during the forecast period 2021-2026. This is mainly owing to its lower equipment costs, easy manual control, and lower chances of contamination. Moreover, it helps to minimizing the contamination and adulteration of microorganisms in food products are contributing to the growth of this segment.
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Food Sterilization Equipment Market Segment Analysis – By Technology
Based on the Technology, Food Sterilization Equipment Market is segmented into Heat, Steam, Radiation, Chemical, Filtration, Others. In 2020, steam sterilization held the largest share in the Food Sterilization Equipment Market. Steam sterilization is a widely used technology as it produces safe and high-quality foods at low costs. The sterilization process not only extends the shelf life of food products but also enhances their nutritional quality which are contributing to the growth of this segment.
Food Sterilization Equipment Market Segment Analysis – By Geography
Asia Pacific dominated the Market share accounting for 40% of the market in 2020. This is mainly owing to increasing foodborne diseases and rising food safety. In Asia Pacific, there are more than 275 million cases of people are suffering from foodborne diseases which increases the growth of this market.
However, the North America region is projected to be the fastest-growing during the forecast period 2021-2026. This is owing to increasing technological advancement and rapid increase in population.
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Food Sterilization Equipment Market Drivers
Growing Concerns Regarding Food Safety
Growing concerns regarding food safety are shifting consumers towards processed foods are some factor driving the market growth of this segment. Moreover, increasing cases of foodborne disease are increasing the market growth of food sterilization equipment.
During COVID-19 pandemic, The Food and Safety and Standard Authority issued complete safety guidelines for employees and food handlers working in food industries to avoid the spread of COVID -19. In order to get protection from COVID-19, social distancing, cleaning and sanitizing are increasing in the workplace in an effective manner.
Technological Advancement
Recent developments and modernizations in technology is a significant factor driving the growth of the market. Moreover, rise in the implementation of non-thermal technologies used in food preservation such as U.V. light, Pulsed Electric Fields, Ultrasound and high hydrostatic pressure (HPP) are contributing to the growth of Food Sterilization Equipment Market.
Food Sterilization Equipment Market Challenges
Increasing maintenance and complex process of sterilization are challenging the growth of the market.
Food Sterilization Equipment Industry Outlook
Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Food Sterilization Equipment Market. Food Sterilization Equipment top 10 companies are JBT Corporation, Buhler, Cosmed Group, Ventilex, Surdry, Steriflow, Allpax, Hisaka, Systec , De Lama, Raphanel , Sun Sterifaab, and International Sonomecanics .
Acquisitions/Product Launches:
On 3 June 2019, JBT Corporation has acquisition with Prime Equipment Group Inc. in order to provide high value segments of the food & beverage industry.
Key Takeaways
In 2020, Asia Pacific dominates the Food Sterilization Equipment Market owing to increasing foodborne diseases and rising food safety.
Growing concerns regarding food safety and technological advancement is driving the market growth of food sterilization equipment.
Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Food Sterilization Equipment Market report.
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