Food Sterilization Equipment Market Driving Factors and Future Trends 2023
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. The base year considered for the study is 2017 and the forecast period considered is from 2018 to 2023.
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.
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 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.
Key players are 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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