Homogenizers Market Worth 1.94 Billion USD by 2021
PUNE, India, May 10, 2016 /PRNewswire/ --
The report "Homogenizers Market by Type (Ultrasonic, Pressure, Mechanical), by Valve Technology (Single-valve Assembly, Two-valve Assembly), by Application (Food & Dairy, Cosmetics, Pharmaceuticals, Chemical Processing, Biotechnology), by Geography - Forecast to 2021" published by MarketsandMarkets. The market for homogenizers is projected to grow from USD 1.53 Billion in 2016 to USD 1.94 Billion by 2021, at an estimated CAGR of 4.92%.
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Browse 321 market data Tables and 68 Figures spread through 319 Pages and in-depth TOC on "Homogenizers Market"
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This growth is due to the increasing demand from various end user industries such as food & dairy, cosmetics, pharmaceutical, biotechnologies, and chemical industries. Food manufacturers are incorporating homogenization techniques in their product manufacturing process as homogenizers provide several advantages such as offering new categories of products and making better use of existing products. It also helps in reducing the microbiological activity and increasing the shelf life of a product, which is a major factor driving the growth of the Homogenizers Market.
Pressure homogenizers segment is projected to grow at the highest rate during the forecast period
Pressure homogenizers such as high-, mid-, and low-pressure are widely used for emulsifying pharmaceutical and food & dairy products. The growing dairy industry provides huge opportunities for the growth of mid-pressure homogenizers, which is estimated to grow at the highest rate among all pressure homogenizers. The ultrasonic homogenizers segment is estimated to account for the largest share in 2021. It provides a wide range of operational parameters, which helps in very gentle processing. It is used in dispersion and emulsification of various products such as solids, semi solids, powders & tablets, cosmetics, and proteins.
Food & dairy sector contributes maximum market share to the Homogenizers Market
The food & dairy sector is estimated to account for the largest share in 2021, mainly because of changing consumer lifestyles and growing consumption of food products. Homogenizers help in manufacturing food & beverage products that are rich in nutrients and also reduce Trans fats and sugar content. The growing dairy industry also provides an opportunity to the market to grow further, especially in the emerging Asia-Pacific and Latin American regions.
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Asia-Pacific to play a key role in the market for homogenizers
On the basis of key regions, the global Homogenizers Market is segmented into North America, Northern Europe, Western Europe, Eastern Europe, Asia-Pacific, Middle East, Africa, and Latin America. The Asia-Pacific region accounted for the largest share among all the regions in 2015. This is mainly due to the increasing demand for homogenizers in China and India, coupled with the growing food & beverage and dairy industries in these countries. Rising income and consumption level would also lead to the growth of the Homogenizers Market in this region.
The scope of the report covers detailed information regarding the major factors influencing the growth of the Homogenizers Market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been conducted to provide insights into their business overview, products & services, key strategies, new product & technology launches, mergers & acquisitions, partnerships, agreements, joint ventures, and recent developments associated with the market for homogenizers.
The key players in the Homogenizers Market are Krones AG (Germany), GEA Group (Germany), SPX Corporation (U.S.), Sonic Corporation (U.S.), Avestin Inc. (Canada), Bertoli s.r.l (Italy), FBF Italia s.r.l (Italy), Netzsch Group [Erich NETZSCH GmbH & Co. Holding KG] (Germany), PHD Technology International LLC (U.S.), Microfluidics International Corporation (U.S.), Ekato Holding GmbH (Germany), Alitec (Brazil), Simes SA (Argentina), Goma Engineering Pvt. Ltd. (India), Milkotek-Hommak (Turkey), BOS Homogenizers B.V. (The Netherlands), Silverson Machines Inc. (U.K.), and Frymakoruma GmbH (Germany).
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