The global food sterilization equipment market is projected to grow at a CAGR of 5.01% to reach US$1,021.352 million by 2027, from US$725.402 million in 2020.
The rising concerns among individuals regarding foodborne diseases are due to the contamination of food or the improper treatment of food.
The awareness among consumers regarding food safety is growing due to rising cases of foodborne diseases. According to the facts and statistics, provided by the World Health Organization, there are approximately 600 million people that fall ill due to the consumption of contaminated food, and around 420,000 people die as a result. The burden of foodborne diseases on children is estimated to be as high as 40%, with around 125,000 deaths every year. Also, food that is ridden with bacteria, viruses, and other chemical substances is deemed unsafe to eat, and its consumption can cause about 200 different types of health problems. As food safety is becoming increasingly important due to the direct link between food safety and food security, the consumption of unsafe food can lead to a vicious cycle of disease and malnutrition, affecting the lives of children to a great extent. Also, foodborne diseases are among one the reasons that can drain the healthcare system of a country and affect the economy. These factors are increasing the awareness among different individuals globally and causing them to demand safe and disease-free food. Thus, this is encouraging the food and beverage industry players to adopt proper food sterilization equipment, which is driving the market over the forecast period.
The changing preference of working-class individuals towards convenience and processed foods, which is a time-saving option, is further leading to an increase in the demand for sterilization equipment
The demand for sterilization equipment is increasing further owing to the fact that the workload of working-class individuals has increased over the last few years and leaves them with little time to prepare food, so they flock to the substitute option, which is convenience food or processed food. This type of food has a little higher shelf life and should be sterilized properly to avoid the breeding of bacteria or pathogens that may cause harm to consumers and lead to serious foodborne diseases.
Product launches and product offerings by major market players in the food sterilization equipment market landscape
Furthermore, there are investments and enhanced product launches in the market through the active involvement and participation of market players to increase their market share and contribute to the growth of the market over the forecast period.
Some examples of product launches and offerings are as follows:
The North American region is estimated to hold a noteworthy market share and show modest growth throughout the forecast period owing to the rising demand for different varieties of processed and convenience foods. On the other hand, the Asia-Pacific region is estimated to grow at a significant rate over the forecast period due to the increasing burden of foodborne diseases in low-income countries.
Due to the rising workload among the corporate class population in the countries such as the US and Canada, they have lesser time to prepare fresh home-cooked food, which is leading to a spike in the consumption of processed food and convenience foods, which has led the food and beverage manufactures to adopt the sterilizing equipment faster. This is being done to ensure that there is no contamination in the food and there is no danger posed to the consumers, Besides, investments are being poured into the R&D of better food sterilizing equipment to ensure the process becomes faster and more efficient. Thus, these are the reasons for the noteworthy market share held by the region.
On the other hand, the Asia-Pacific region is estimated to grow at a significant share over the forecast period owing to rising awareness among individuals in low-income countries about food safety and foodborne diseases, which is pushing the food industry players to make use of proper equipment.
The food sterilization equipment market was one of the very few ones that have had a positive impact after the COVID-19 pandemic significantly. Rising concerns about food safety caused customers to turn to processed foods, which helped in propelling growth for the market. Additionally, as the number of cases of foodborne sickness increases, so will the demand for this equipment. Apart from that, in order to prevent the spread of the virus, the Food and Safety and Standard Authority also published a set of comprehensive safety rules for the employees and food handlers who work in the food industry, which again helped in the growth of the market.
|Market Size Value in 2020||US$725.402 million|
|Market Size Value in 2027||US$1,021.352 million|
|Growth Rate||CAGR of 5.01% from 2020 to 2027|
|Forecast Unit (Value)||USD Million|
|Segments Covered||Sterilization Method, Application, And Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||HISAKA WORKS, LTD., Steriflow, China Zhengzhou Taizy Machinery Co., Ltd, Andersen Products, Inc., Raphanel System, Bühler, Surdry, S.L., Systec GmbH, Ventilex|
|Customization Scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the food sterilization equipment market size by 2027?
A1. The global food sterilization equipment market is projected to reach a market size of US$1,021.352 million by 2027.
Q2. What is the size of the global food sterilization equipment market?
A2. Food Sterilization Equipment Market was valued at US$725.402 million in 2020.
Q3. What are the growth prospects for the food sterilization equipment market?
A3. The food sterilization equipment market is projected to grow at a CAGR of 5.01% over the forecast period.
Q4. Which region holds the largest market share in the food sterilization equipment market?
A4. The North American region is estimated to hold a noteworthy share in the food sterilization equipment market and show modest growth throughout the forecast period.
Q5. What factors are anticipated to drive the food sterilization equipment market growth?
A5. The changing preference of working-class individuals towards convenience and processed food, which is a time-saving option is further leading to an increase in the demand for sterilization equipment.
1.1. Market Overview
1.2. COVID-19 Impact
1.3. Market Definition
1.4. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Global Food Sterilization Equipment Market Analysis, By Sterilization Method
5.2.1. Dry Heat Sterilization
5.2.2. Moist Heat Sterilization
6. Global Food Sterilization Equipment Market Analysis, By Application
6.2. Spices, Seasonings and Herbs
6.3. Cereals and Pulses
6.4. Meat, Poultry and Seafood
6.5. Dairy products
7. Global Food Sterilization Equipment Market Analysis, By Geography
7.2. North America
7.3. South America
7.4.3. United Kingdom
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.6. Asia Pacific
7.6.3. South Korea
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.1. HISAKA WORKS, LTD.
9.3. China Zhengzhou Taizy Machinery Co., Ltd
9.4. Andersen Products, Inc.
9.5. Raphanel System
9.7. Surdry, S.L.
9.8. Systec GmbH
HISAKA WORKS, LTD.
China Zhengzhou Taizy Machinery Co., Ltd
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