Global Leading Players and Recent Developments in the Non-Thermal Pasteurization Market
The non-thermal pasteurization market is estimated to account for about USD 1.3 billion in 2020 and is projected to reach a value of about USD 3.9 billion by 2026, at a CAGR of 19.8%. The growth of the convenience food sector, which includes products such as frozen foods and ready-to-eat foods, has increased the demand for non-thermal pasteurization, as these technologies reduce the processing time and increase the production capacity to meet the growing market demand. However, high capital investment is hampering non-thermal pasteurization market growth.
The key players that have a strong presence in the non-thermal pasteurization market include Hiperbaric España (Spain), Avure Technologies (US), BOSCH (Germany), Thyssenkrupp Ag (Germany), and Kobe Steel Ltd (Japan), Chic Freshertech (US), Multivac SEPP Haggenmuller Se & Co. KG (Germany), Stansted Fluid Powder LTD (UK), Dukane Corporation (US), and Universal Pure (US).
Major players in the market are mainly focusing on undertaking expansions for increasing their customer base across regions and for innovating and developing research centers to meet the growing requirements of consumers.
The core strength of the key players identified in this market is their growth strategies such as new product launches and expansions. Undertaking new product launches and expansions have enabled the market players to enhance their presence in the non-thermal pasteurization market. Key players, such as Hiperbaric España (Spain), undertook these strategies to improve their distribution network, gain a stronger foothold, and enhance their market share.
Hiperbaric España, formerly known as NC Hyperbaric S.A., is the leading manufacturer and marketer of non-thermal technology and high-pressure processing equipment (HPP) for the food industry. The company is a major HPP equipment supplier to the meat, seafood, vegetable, and dairy product manufacturers. It provides technological solutions for natural, fresh, safe, and ready-to-eat food products. It was initially a part of Nicolas-Correa Group (Spain) and later became a part of the IBP Holding in 2005.
Avure Technologies is a manufacturer of high-pressure processing (HPP) systems for the food industry. The company provides a wide range of equipment that includes isostatic presses, sheet metal forming presses, HPP food systems, and ram presses. The company also offers retrofit, upgrading, and rebuilding services to its customers. The application of HPP in food processing includes ready-to-eat meat, fruits & vegetables, juice & smoothies, salads & dips, and shellfish shucking & meat retrieval. The company focuses on market strategies such as partnership agreements and new product launches.
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