Food Sterilization Equipment Market: Competitive Dynamics & Global Outlook 2018-2023

By Author: MarketsandMarkets
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The food sterilization equipment market is projected to reach USD 922.7 million by 2023, at a CAGR of 6.3% from 2018. This market is mainly being driven by rising instances of foodborne diseases and growing awareness about food safety among consumers. Factors such as increasing consumption of sterilized food products in the emerging markets of the Asia Pacific and Europe are also projected to drive the growth of the food sterilization equipment market.

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The dried fruits & nuts segment is projected to grow at the highest CAGR from 2018 to 2023. Dried fruits and nuts are consumed as a snack and are used as ingredients in various confectionery and bakery products. Insects, mites, and microbes can spoil dried fruits and nuts, and degrade its quality. To maintain the quality of the dried fruits and nuts, manufacturers are focusing on opting for food sterilization equipment. These factors are projected to drive the growth of the market in this segment.

Market Dynamics

Drivers

• Rising Occurrences of Foodborne ...
... Diseases and Growing Awareness of Food Safety Among Consumers
• Technological Advancements in Food Sterilization
• Increasing Demand for Non-Thermal Process in Sterilization

Restraints

• Growing Concerns About Highly Processed Food Products
• Maintaining Proper Process Control

Opportunities

• Opportunities in Packaging and Shelf-Life Enhancement for Processed Food
• Emerging Economies in Asia Pacific, African, and South American Countries

Challenges

• Stringent Government Regulations

The radiation segment of the food sterilization equipment market is projected to grow at the highest CAGR from 2018 to 2023. Radiation technology minimizes the presence of pathogens and reduces the speed of enzymes production, which eventually slows down the ripening, spoilage, and sprouting process in the food products.

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Asia Pacific is estimated to record the highest CAGR in the global market during the review period. The rising number of foodborne diseases is mainly due to the presence of allergens and pathogens s, which results in the contamination of food products from plastic, glass, and metal parts. Such factors are driving the food sterilization equipment market.

This report includes a study of business strategies and the product portfolios of leading companies. It includes the profiles of leading companies such as JBT Corporation (John Bean Technologies) (US), Buhler (Switzerland), Ventilex (Netherlands), Surdry (Spain), Cosmed Group (US), Steriflow (France), Allpax (US), Hisaka (Japan), Systec (Germany), De Lama (Italy), Raphanel (Spain), Sun Sterifaab (India), and Industrial Sonomecanics (US).