The Global Food Sterilization Equipment market is expected to reach USD 625 Million in 2022, with sales growing at a CAGR of 5.7% over the forecast period. With a favourable demand outlook, the market size will top USD 850 Million by 2032.
Attribute | Details |
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Food Sterilization Equipment Market Estimated Size in 2022 | USD 625 Million |
Food Sterilization Equipment Market Projected Value in 2032 | USD 850 Million |
Food Sterilization Equipment Market Value-based CAGR (2022 to 2032) | 5.7% CAGR |
Forecast Period | 2022 to 2032 |
Food Sterilization Equipment Market Share of India in South Asia | 31% |
As per FMI, the food sterilization equipment market was valued at USD 580 Million in 2021 and is anticipated to exhibit Y-o-Y growth of 3.2% in 2022.
Moulds and other germs can be found in spices and herbs in restaurants and cloud kitchens, where food sterilization equipment is used. This equipment is used to sterilize a variety of foods, including milk, juices, beer, fish, and meat, among others. Growing concerns regarding food safety, as well as technological advancements to improve the efficiency of this equipment, are expected to drive the market over the forecast period.
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Sales of food sterilization equipment are projected to grow at a 5.7% CAGR over the forecast period, in comparison to the 4.1% CAGR registered between 2017 to 2021.
Increasing focus on food safety, along with sustainable production of food ingredients are spurring demand for food sterilization equipment. Food processing companies are investing in sterilizing equipment to extend the shelf life of these items while adhering to severe regulatory standards, which are expected to boost sales in the market in the forthcoming years.
Ongoing technological advancements in the production of non-thermal food preservation technologies will augment the growth in the market. Nonthermal technologies such as ultraviolet light, pulsed electric fields, ultrasound, and high hydrostatic pressure (HPP) are widely adopted.
This equipment maintains the nutrient values of food in a short dispensing time and at lower temperatures and is used to improve food safety and extend the shelf life of food products.
Expansion of the Foodservice Sector in Australia is Driving Sales of Food Sterilization Equipment
Sales in the Australian market are expected to increase at a 6.5% CAGR over the forecast period, accounting for a dominant share of the Oceania food sterilization equipment market. Increasing expenditure on packaged food products and ready-to-eat meals, along with the growing popularity of cloud kitchens and quick service restaurants in the country will continue fueling sales in the market.
Rapid Adoption of Technologically Advanced Equipment in the Hospitality Sector Will Fuel Sales
According to FMI, demand in the USA market is forecast to increase at a robust 8.2% CAGR, emerging as a lucrative pocket in the North American food sterilization equipment market. Rising preference for online food delivery among consumers, coupled with the presence of stringent food regulatory bodies and restrictions in the country will contribute to the growth in the market over the forecast period.
Growing Preference for Online Food Delivery In India Will Spur Demand
Demand in the Indian market is forecast to grow at a robust 8.2% CAGR, accounting for 31% of the South Asia food sterilization equipment market over the forecast period. The growing establishment of cloud kitchens and fast-food chains in the country, along with increasing government-led initiatives to promote effective sterilization in public and commercial sectors will create prospects for growth for market players.
Stringent Regulations regarding Food Safety Will Propel Sales of Food Sterilization Equipment
China is anticipated to emerge as an attractive market owing to the presence of stringent government laws determining the food safety and quality standards across the food & beverage and food service sector in the country. As per the report, sales in the China market are forecast to grow at a 9.1% CAGR, holding 65% of the East Asia food sterilization equipment market through 2032.
Sales of Continuous Sterilization Equipment in Restaurants Will Gain Traction
In terms of process, demand in the continuous sterilization equipment segment is poised to increase at a 6.6% CAGR over the forecast period. These equipment employ steam or direct heat for shorter heating and cooling times, reducing sterilization time and cost.
They are also used to sterilize soups, pasta, nutritious drinks, milk, cream, vegetables, newborn formula, mushrooms, meats, liquids, and ready meals. They provide uniformity and improved reproducibility at a reduced cost per unit.
Adoption of Food Sterilization Equipment for Seasoning and Herbs to Remain High
Based on application, sales in the seasoning and herbs segment will continue gaining traction over the forecast period. The need for food sterilizing equipment is high since most food companies utilize spices and herbs as significant elements in their products. Manufacturers are enhancing the sterilization process to deliver high-quality food items including spices, herbs, and seasonings, which in turn is boosting the demand for this equipment.
Increasing Sales of Heat Food Sterilization Equipment Will Augment Growth
By technology, the heat food sterilization equipment segment will remain lucrative over the assessment period. Because of its ease of use and inexpensive capital commitment, heat sterilization is one of the most extensively used sterilizing procedures.
During the forecast period, the widespread use of heat sterilization technology in the food and beverage processing industry is expected to fuel growth in the market. For a wide range of high-moisture food goods and ingredients, heat sterilization technology is utilized to guarantee long-term shelf stability.
Key players are investing in mergers and acquisitions to expand their production facilities and global footprint. Furthermore, numerous firms are working on new product launches and development to gain a competitive edge in the market.
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Attribute | Details |
---|---|
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 2022 |
Market Analysis | USD Million for Value and Units for Volume |
Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa (MEA) |
Key Countries Covered | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, UAE |
Key Segments Covered | Process, Technology, Type, Equipment, Application, Region |
Key Companies Profiled | JBT; Buhler AG; Cosmed Group; STERIFLOW Company; DELAMA S.P.A.; Raphanel System; Industrial Sonomechanics LLC.; Ventilex; Surdry S.L.; Allpax Products LLC.; HISAKA LTD.; Sun Sterifaab Pvt. Ltd.; 3M; Belimed; Boekel Scientific,; Getinge AB,; LTE Scientific Ltd.; Others |
Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The food sterilization equipment market is projected to reach USD 625 Million in 2022.
The food sterilization equipment market is expected to rise at a CAGR of 5.7%.
JBT, Buhler AG, Cosmed Group, STERIFLOW Company, and DELAMA S.P.A., are the top players driving the market.
The North America food sterilization equipment market is expected to register a 7.3% CAGR between 2022 and 2032.
The demand for food sterilization equipment in Europe is expected to grow at a 5% CAGR through 2032.
China, the USA, Germany, Japan, and Canada are the major countries driving demand for food sterilization equipment.
Estimated Market Size (2024E) | USD 54.3 billion |
---|---|
Projected Market Value (2034F) | USD 76.5 billion |
Value-based CAGR (2024 to 2034) | 3.5% |
Estimated Industry Size (2024E) | USD 1,835.8 million |
---|---|
Projected Industry Value (2034F) | USD 3,679.4 million |
Value-based CAGR (2024 to 2034) | 7.2% |
Estimated Market Size (2024E) | USD 11,053.9 million |
---|---|
Projected Market Valuation (2034F) | USD 28,405.7 million |
Value-based CAGR (2024 to 2034) | 10.4% |
Estimated Market Size (2024E) | USD 195.9 billion |
---|---|
Projected Market Value (2034F) | USD 391.1 billion |
Value-based CAGR (2024 to 2034) | 9.2% |
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