Bizizz Market Research has recently published a research report, “Food Sterilization Market By Product Type (Continuous Sterilization and Batch Sterilization), technology (Filtration, Heat, Chemical, Radiation, Steam and Others), Application (Grains, Spices, Seasonings and Herbs, Juices & Beverages, Meat, Poultry & Seafood, Fruits & Vegetables, Dairy Products and Others), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Food Sterilization Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 1.6 Bn by 2027, witnessing a CAGR of 5.8 % during the forecast period. Key drivers of the market are growing demand for traditional food and increased concerns regarding food safety concerns.
Increased awareness in concern to the food safety contributing to the increased occurrences of foodborne illnesses is key drivers for the growth of the global food sterilization equipment market. As per the CDC, in the U.S. greater than 75 million cases were registered through foodborne diseases every year in which 5,000 death cases and 325,000 cases are occurred. Sterilization equipment supports in increasing shelf life period in managing food quality and sustainability. Manufacturers are concentrated in research and development activities in developing automation solutions for processed food vendors to decrease the operational cost and enhance operational efficiency is accounted in creation of new growth opportunities in global sterilization equipment market.
The Food Sterilization market is anticipated to register a CAGR of over 5.8% during the forecast period.
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By Technology, Steam Sterilization segment held a key share in Global Food Sterilization Market in 2018.
The stem sterilization held leading market share during the forecast period. The stem sterilization is cost effective and has high-quality and safe food making it the highly acceptable technology worldwide. Technology caters to various advantages in enhancing nutritional quality, flexibility, eco-friendly, and ease of operation that is anticipated to plunge the market demand for such technology among huge consumer base.
North America is anticipated to Dominate the Global Food Sterilization Market during the Forecast Period
The Asia Pacific region is leading in the food sterilization equipment’s and has robust growth opportunities in global food sterilization equipment market. The growth of this region is increasing by rising health consciousness and popularity for canned and ready-to-eat foods in this region. China is accounted for a higher contribution in food sterilization market in Asia Pacific. The favorable government policies for baby food packaging are expected to drive the growth of the continent.
Global Food Sterilization market was moderately consolidated with key players accounting for significant share in 2018. Manufacturers of food sterilization equipment’s are introducing technologically advanced products coupled with geographical expansion are competing in this market.
Prominent players operating in the Global Food Sterilization Market are: Buhler, Ventilex, JBT Corporation, Systec GmbH, Allpax Products LLC, De Lama, and Hisaka Works Ltd., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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