Food Sterilization Equipment Market is projected to reach $922.7 Million by 2023

Published: Wed Oct 03 2018

The report "Food Sterilization Equipment Market by Technology (Heat, Steam, Radiation, Chemical, and Filtration), Process (Batch and Continuous), Application (Spices, Seasonings, and Herbs and Dairy Products), and Region - Global Forecast to 2023" The food sterilization equipment market is estimated to be valued at USD 678.8 million in 2018 and is projected to reach USD 922.7 million by 2023, recording a CAGR of 6.3% from 2018. Factors such as rising incidences of foodborne diseases and growing awareness about food safety among consumers are projected to fuel the market growth during the forecast period. The food sterilization equipment market is also projected to grow due to an increasing demand for non-thermal sterilization processes and technological advancements in the food processing industry.

Browse 70 market data Tables and 30 Figures spread through 119 Pages and in-depth TOC on "Food Sterilization Equipment Market - Global Forecast to 2023"

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The dried fruits & nuts segment, by application, is projected to grow at the highest CAGR during the forecast period.

Based on application, the dried fruits & nuts segment is projected to grow at the highest CAGR during the forecast period. Dried fruits and nuts are consumed as a snack and are extensively used as important ingredients in various confectionery and bakery products. Insects, mites, and microbes can spoil dried fruits and nuts, and degrade their quality. Increasing use of dried fruits and nuts in the preparation of various food product has led food producers to opt for effective sterilization solutions. Steam and radiation sterilization equipment are considered the most effective devices for dried fruits and nuts. Increasing demand for sterilization equipment for dried fruits and nuts among food producers is projected to drive the growth of sterilization equipment market in this segment.

Asia Pacific is projected to witness the fastest growth in the food sterilization equipment market due to the increasing demand for sterilized foods and beverages in the region.

Asia Pacific region is projected to witness the fastest growth in the global food sterilization equipment market. China, India, Japan, and Australia are the key countries with significant growth potential in the market. The developing economies studied in the Asia Pacific region are witnessing a significant demand for sterilized raw materials, such as spices and herbs, for use in various food applications. Countries such as India and China are using steam sterilizers on a wide scale in the food processing industry as this equipment rapidly heats and destroys the microbial contamination in food products.

The global food sterilization equipment market is segmented region-wise, with a detailed analysis of each region. These regions include North America, Europe, Asia Pacific, and the Rest of the World (RoW).

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).

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