The global Food
Ingredients Sterilization Market is expected to
reach a market size of USD 522.2 Million by 2028 and register a significant
CAGR during the forecast period, according to a latest report by Reports and
Data. Food ingredients sterilization market is witnessing an increase in growth
due to rise in sterilization and pasteurization of dry food ingredients to
comply with various product safety standards. Sterilization of food ingredients
plays a crucial role in preserving food for an extended period of time and kill
microorganisms to rid moisture from the ingredients.
The report also examines
the financial standing of leading companies in detail, which consists of market
position, gross profit, overall revenue, sales volume, manufacturing, growth
rate, and other vital facts & figures. It profiles the leading companies in
the Food Ingredients Sterilization market to derive market positions, and
strengths and weaknesses of established competitors and new entrants by
utilizing analytical tools like SWOT Analysis and Porter’s Five Forces
Analysis. The study also highlights production capacity, consumer base, value, volume,
product offerings, upstream suppliers, downstream buyers, market concentration
rate, and leading regions to give an exhaustive evaluation of the global
landscape.
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Key Players:
Key participants in the
market include Balchem Corporation, Sterigenics International LLC, Napasol AG,
Croll Reynolds, Cosmed Group, Namah Steam Sterilization, Safe Spice, Wenda
Ingredients, ATTEC Food Technology, and Global Sterilization and Fumigation.
Further
key findings in the report suggest:
- In August 2020, Faraday Ozone
launched ozone-based food detoxifier, Ozodip. The product uses ozone to
remove all type of viruses, bacteria, and microorganisms from the surface
of fish, meat, vegetables, fruits, cereals, and other products. It is also
used to remove high concentration of residual chemicals and pesticides.
- Meat & poultry products are
sterilized to remove micro-organisms and increase shelf-life. Surge in the
number of meat & poultry consumers is also driving the demand for
sterilized products. Meat & poultry segment accounted for the largest
revenue share in 2020 as there is consistent increase in conumsption of
the product globally. Global consumption of meat increased by 58% in 2018
over 20 years.
- Radiation of food is achieved
through application of gamma rays, electron beams, or X-rays. Ionizing
radiation extends shelf life and improves quality and safety of foods.
International and national organizations have concluded irradiated food as
safe for consumption. Consumers are starting to appreciate the benefits of
irradiated food thus driving growth of radiation segment.
- Food & Beverage industry is
growing rapidly and incorporation of latest technologies is propelling
growth of the industry. Rise in demand for safer packaged food products
and use of sterilization to ensure elimination of bacteria and microbes is
driving the growth of the food & beverage segment.
- Asia Pacific is forecasted to grow
at a rapid rate during the forecast period due to rapid urbanization,
industrialization and investment in infrastructure development of food
& beverage plants by foreign investors. With boom in food &
beverage industries, the food ingredient sterilization market is also
growing. Moreover, increasing concern about health especially after
consuming infected food is creating a demand for sterilized food products.
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Market
Segmentation:
Ingredient Outlook
(Revenue, USD Million; 2018-2028)
- Meat & Poultry
- Spice, Herbs and Seasonings
- Dried Fruits and Vegetables
- Dairy Ingredients
- Seafood
- Tea Blends
- Cereals and Pulses
- Nuts
Sterilization Method
Outlook (Revenue, USD Million; 2018-2028)
- Radiation
- Heat
- Moisture
- Others
End-Use Outlook
(Revenue, USD Million; 2018-2028)
- Food & Beverage Industries
- Agricultural Industries
- Others
Regional Outlook
(Revenue, USD Million; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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Objective of Studies:
·
To
provide country level analysis of the market with respect to the current market
size and future prospective.
·
To
provide country level analysis of the market for segment by application,
product type and sub-segments.
·
To
provide strategic profiling of key players in the market, comprehensively
analyzing their core competencies, and drawing a competitive landscape for the
market.
·
To
track and analyze competitive developments such as joint ventures, strategic
alliances, mergers and acquisitions, new product developments, and research and
developments in the global Food Ingredients Sterilization market.
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region-wise report coverage for North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
