Global Food Ingredients Sterilization Market Will Reach USD 437.11 Million by 2023: Zion Market Research
According to the report, global food ingredients sterilization market was valued at approximately USD 339.53 million in 2017 and is expected to generate revenue of around USD 437.11 million by end of 2023, growing at a CAGR of around 4.30% between 2017 and 2023.
New York, NY, April 04, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Food Ingredients Sterilization Market by Ingredients (Spices, Herbs and Seasonings, Dried Fruits and Vegetables, Meat and Poultry, Seafood, Dairy Ingredients, Cereals and Pulses, Tea Blends and Others), and by Sterilization Method (Heat, Moisture, Radiation and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2023”. According to the report, global food ingredients sterilization market was valued at approximately USD 339.53 million in 2017 and is expected to generate revenue of around USD 437.11 million by end of 2023, growing at a CAGR of around 4.30% between 2017 and 2023.
Sterilization of food ingredients reduces the chance of contamination and enhances shelf life. Uptake of sterilized food ingredients has been rising in the recent decades due to rising contamination concerns, and associated side-effects from consumption of such ingredients. There are different processes through which food ingredients are processed such as heat, moisture, radiation etc. to reduce or destroy the micro-organisms present in food ingredients. Growing demand for spices, herbs, meat, poultry, cereals, pulses etc. in the food industry is expected to drive the growth of food ingredients sterilization in developing regions.
Browse through 47 Tables & 22 Figures spread over 110 Pages and in-depth TOC on "Global Food Ingredients Sterilization Market Size, Share, Trends and Forecast 2017 – 2023”.
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Some of the key drivers influencing the demand for food ingredients sterilization are driven by the food safety and health protection. Proper sterilization of food keeps the food products safe and also increases the potential of food manufacturers to deliver quality food with extended shelf life. On the other side, the increasing trend of packaged and prepared food in developing region has led to increase in demand for food sterilization among food manufacturers as it adds significant shelf life to food ingredients and keeps the packaged food safe for the longer period of time. Demand for food ingredients sterilization also increasing in the global market due to stringent food safety norms of government regarding the use of sterilization equipment in food and beverage industry.
The food ingredient sterilization market is segmented on the basis of ingredients type the market is segmented into spices, herbs and seasonings, dried fruits and vegetables, meat and poultry, seafood, dairy ingredients, cereals and pulses, tea blends and others. The demand for food ingredients sterilization equipment is expected to increase in spices, herbs and seasonings market as they have wide application in food processing industry.
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On the basis of sterilization method, the market is segmented into heat sterilization, moisture sterilization, radiation sterilization and others category. Heat sterilization is expected to dominate the market as it provides extended shelf life. Food ingredients and products are also heat sterilized in order to reduce the possibilities of contamination. With technological advancements, the risk of foodborne pathogens during the sterilization process has significantly lowered, which is further fueling the adoption of this sterilization equipment and methods.
North America currently serves most of the demand for food sterilization, owing to stringent regulations for food safety and high demand for packaged food, especially in the developed countries such as the U.S. and Canada
Browse the full "Food Ingredients Sterilization Market by Ingredients (Spices, Herbs and Seasonings, Dried Fruits and Vegetables, Meat and Poultry, Seafood, Dairy Ingredients, Cereals and Pulses, Tea Blends and Others), and by Sterilization Method (Heat, Moisture, Radiation and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2023" report at https://www.zionmarketresearch.com/report/food-ingredients-sterilization-market
Europe is the second largest regional market and is expected to show significant growth in the years to come. Factors such food product recalls, health protection, replacement of preservatives and increasing the shelf life of foods are driving the market growth in this region. The increasing trend of packaged food in developing regions and advancement in sterilization technology for manufacturing companies is providing ample opportunity for the market.
The Asia-Pacific market is projected to have the highest CAGR during the forecast period due to the presence of vast population and rapid urbanization, with which lifestyles are changing and demand for ready-to-eat food is increasing. Lack of awareness among the consumers regarding the benefits of food ingredients sterilization in several countries such as India, China, South Korea, Malaysia, and Singapore is the only challenge faced by the vendors in the Asia Pacific region.
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Latin America and the Middle East and Africa are anticipated to exhibit high growth rates as the government across the emerging economies are making efforts to replicate the path of their developed counterparts. Thus, all the aforementioned parameters are expected to propel the market growth for food ingredients sterilization technologies globally.
Some of the key players in food ingredients sterilization market include Sterigenics International LLC, Croll Reynolds, Balchem Corporation, Wenda Ingredients, Namah Steam Sterilization, Napasol AG, Cosmed Group, and Safe Spice. Most of these key players are indulged in providing sterilization processes for healthcare products and services to maintain their position in the market.
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This report segments the global food ingredients sterilization market as follows:
Global Food Ingredients Sterilization Market: Ingredient Type Segment Analysis
- Spices, Herbs, and Seasonings
- Dried Fruits and Vegetables
- Meat and Poultry
- Seafood
- Dairy Ingredients
- Cereals and Pulses
- Tea Blends
- Others
Global Food Ingredients Sterilization Market: Sterilization Method Analysis
- Heat Sterilization
- Moisture Sterilization
- Radiation Sterilization
- Others
Global Food Ingredients Sterilization Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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