The non-thermal pasteurization market is estimated at USD 1.1 billion in 2018 and is projected to grow at a CAGR of 19.8%, to reach USD 2.7 billion by 2023
NEW YORK, Jan. 28, 2019 /PRNewswire/ --
The non-thermal pasteurization market is projected to grow at a CAGR of 19.8%
The non-thermal pasteurization market is estimated at USD 1.1 billion in 2018 and is projected to grow at a CAGR of 19.8%, to reach USD 2.7 billion by 2023. Non-thermal pasteurization technologies have been proven to reduce food processing time and energy consumption as compared to traditional thermal technologies. This factor, leading to process optimization, is fuelling innovations in the market. Another factor that has fuelled the growth in R&D activities for technology development in non-thermal pasteurization is the growing trend of the adoption of novel food processing technologies for the retention of food nutrients and sensory attributes.
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The HPP segment for non-thermal pasteurization is estimated to account for the largest share in 2018
Based on technique, the HPP segment is estimated to account for the largest share in the non-thermal pasteurization market in 2018.HPP is a widely used technology in non-thermal pasteurization of food.
It preserves the freshness of food products as well as aids in extending their shelf life.HPP ensures efficient processes for microbial inactivation and food preservation.
This helps to extend the shelf life of food products. Hence, rising acceptance among food product manufacturers and high market penetration have enabled HPP to have the largest market share.
The food segment for non-thermal pasteurization is estimated to account for the largest share in 2018 due to the rising application of HPP in meat products, vegetables, cheese, and ready-to-eat meals
Based on application, the food segment is estimated to account for the largest share in the non-thermal pasteurization market in 2018.The food industry widely uses non-thermal pasteurization for the preservation of meat, seafood, fruits, and vegetable products as well as other packaged food products.
Technologies such as HPP equipment are used to process a wide range of fruits and vegetables that include oranges, mandarins, and broccoli.Thus, the increasing food production globally has also raised the concern of its preservation to sustain in the market for a longer period of time.
These factors have increased the acceptance of non-thermal pasteurization in the food industry.
High growth is expected in the North America non-thermal pasteurization market
North America is projected to be the fastest-growing market for the period considered for this study, due to the rising disposable income, changing busy lifestyle of consumers, and rising health awareness.Non-thermal pasteurization is increasing its market share more rapidly in North America due to the demand for extended, safe, refrigerated shelf life; and favorable food preservation legislation.
Food safety authorities have approved several non-thermal pasteurization technologies due to their efficiency and minimum effect on the products' nutritional and textural characteristics. The market for non-thermally pasteurized food & beverage products in North America is also being driven by the demand for health and wellness products.
Break-up of Primaries:
• By Company Type: Tier 1 – 43 %, Tier 2 – 41%, and Tier 3 – 16%
• By Designation: C Level – 54% and D Level – 46%
• By Region: Europe – 35%, Asia Pacific– 28%, North America – 22% and RoW* – 15%,
RoW* includes Brazil, the Middle East, Argentina, and RoW.
Leading players profiled in this report:
• HIPERBARIC ESPANA (SPAIN)
• AVURE TECHNOLOGIES (US)
• THYSSENKRUPP AG (GERMANY)
• KOBE STEEL LTD (JAPAN)
• BOSCH (GERMANY)
• CHIC FRESHERTECH (US)
• ELEA TECHNOLOGY (GERMANY)
• PULSEMASTER (NETHERLANDS)
• NORDION (CANADA)
• MULTIVAC SEPP HAGGENMULLER SE & CO. KG (GERMANY)
• STANSTED FLUID POWDER LTD (UK)
• SYMBIOS TECHNOLOGIES (US)
• DUKANE CORPORATION (US)
• GRAY*STAR (US)
• UNIVERSAL PURE (US)
Research Coverage:
The report segments the non-thermal pasteurization market on the basis of technique, application, food form, and region. In terms of insights, this report has focused on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss views on the emerging & high-growth segments of the global non-thermal pasteurization, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report:
• To get a comprehensive overview of the non-thermal pasteurization market
• To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
• To gain insights about the major countries/regions in which the non-thermal pasteurization market is gaining popularity
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