Email
Password
Remember meForgot password?
    Log in with Twitter
Press Release

Food Sterilization Equipment Market $922.7 Million by 2023

The food sterilization equipment market was valued at USD 637.2 million in 2017 and is projected to grow at a CAGR of 6.3% from 2018 and reach USD 922.7 million by 2023.

This press release was orginally distributed by SBWire

Northbrook, IL -- (SBWIRE) -- 09/21/2018 -- 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"

Early buyers will receive 10% customization on reports.

Download PDF Brochure

By application, the spices, seasonings, and herbs segment to lead the food sterilization equipment market from 2018 to 2023

The spices, seasonings and herbs segment dominated the market based on application in 2018. As they are used in most of the cuisines worldwide, leading manufacturers are focusing on adopting improved sterilization processes to offer high-quality food products containing spices, herbs, or seasonings. These factors are projected to escalate the demand for the food sterilization equipment for spices, seasoning, and herbs.

Radiation segment projected to grow at the highest CAGR, by technology, from 2018 to 2023

Radiation minimizes the presence of pathogens in the food products and lowers the speed of enzymes production, which eventually slows down the ripening, spoilage, and sprouting process in the food. The growing demand for chemical-free and environment-friendly food processing techniques is projected to drive the market for radiation technology in the food processing industry.

Make an Inquiry

Batch sterilization equipment segment projected to grow at the highest CAGR, by process, from 2018 to 2023

Batch sterilization is a sterilization system, which is used in various food application industries. Due to the minimal expenditure on the apparatus and assets as compared to the continuous sterilization process system, batch sterilization is the most preferred process. In addition, easy and fast processing features of this process contributed towards its overall growth in the market.

Asia Pacific is projected to witness the fastest growth in the market during the forecast period

The rising incidences of foodborne illness are mainly due to the presence of allergens and pathogens and mislabeling of food products, which leads to the contamination of food products from plastic, glass, and metal parts. These factors are projected to drive the food sterilization equipment market in various developing countries of the region.

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).

Don't miss out on business opportunities in Food Sterilization Equipment Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

For more information on this press release visit: http://www.sbwire.com/press-releases/food-sterilization-equipment-market-9227-million-by-2023-1051066.htm

Media Relations Contact

Mr. Shelly Singh
Telephone: 1-888-600-6441
Email: Click to Email Mr. Shelly Singh
Web: http://www.marketsandmarkets.com

Latest News
Top News