Global Food Ingredients Sterilization Market: Snapshot
Ensuring quality of food and its ingredients is paramount, for which several sterilization processes as used such as heating, moisturizing, and radiation. These processes help in reducing or destroying the micro-organisms in the food ingredients and make them safe for consumption. Rapidly escalating population with which the food demand is increasing, and incremented rate of food product recalls across the world are the primary drivers of the global food ingredients sterilization market. With technological advancements, the risk of foodborne pathogens during the sterilization process has significantly lowered, which is further fueling the adoption of these sterilization equipment and methods. However, lack of awareness among the consumers pertaining to the benefits offered by food sterilization is hindering the market from achieving its true potential.
The global food ingredients sterilization market was valued at US$326,069 in 2016, which is estimated to reach a valuation of US$452,046.9 by 2024, rising at a healthy CAGR of 4.2% during the forecast period of 2016 to 2024.
Heat Sterilization Remains Popular
By method, the global market for food ingredients sterilization is segmented into moisture, heat, and radiation, with heat based sterilization posing most of the demand, followed by radiation and moisture. For extended shelf life, food ingredients and products are heat sterilized in order to reduce the possibilities of contamination. To inactivate the production of toxins inside the container during shelf life or transportation, the manufacturers of packaged food often use methods such as microwave-assisted thermal sterilization technology. In addition to that, food ingredient sterilization companies are focused on increasing their production capacity in the lucrative regions of Asia Pacific, North America, and Europe, which will help them serve to rapidly increasing consumer base. Technological advancements in the sterilization technologies is also expected to meet the extended demand coming from the popularity of packaged and ready-to-eat food products.
Asia Pacific Offers Vast Unmet Demand
The developed regions of North America and Europe currently serve 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. However, Asia Pacific has been primed to escalate the demand at most robust rate 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.
Sterigenics International LLC, Balchem, Inc., Safe Spice, Croll Reynolds, and Wenda Ingredients are a few leading companies currently active in the global food ingredient sterilization market. Most of these key players are also indulged in providing sterilization processes for healthcare products and services to maintain their stronghold.
Global Food Ingredient Sterilization Market: Overview
Transparency Market Research (TMR) offers a 10-year forecast for the global food ingredients sterilization market between 2016 and 2024. In terms of value, the market is expected to register a CAGR of 4.2% during the forecast period. The primary objective of the report is to offer key insights on the expected future growth of the global food ingredients sterilization market. The study demonstrates market dynamics that are expected to influence the current environment and future status of the global food ingredients sterilization market over the forecast period. The primary objective of this report is to offer updates on global food ingredients sterilization market.
Sterilization of food ingredients and products reduces chances of contamination and also helps in extending shelf life and uptake of sterilized food ingredients has been increasing in the recent past as a result of concerns arising from possible contamination and associated side-effects from consumption of such products are factors expected to drive growth of the global food ingredients sterilization market over the forecast period.
Global Food Ingredient Sterilization Market: Key Drivers and Trends
A section of the report discusses various factors that is driving the market. While demand for sterilized ingredients is on the rise, consumption of sterilized food products is also expected to increase in Asia Pacific and Europe region.
As a result of increasing demand for sterilized food ingredients in various food and beverage products in both developed and developing countries are creating opportunities for various players in the global food ingredients sterilization market. Ever-rising demand for sterilized food ingredients and products is also expected to result in significantly high sales of food ingredients sterilization market.
Global Food Ingredient Sterilization Market: Scope of the Study
The report offers data regarding market share of the global food ingredients sterilization market and the market is segmented on the basis of ingredients such as spices, herbs and seasonings, dried fruits and vegetables, cereals and pulses, meat and poultry, seafood, dairy ingredients, tea blends and nuts. The market is also segmented on the basis of method such as heat, moisture, radiation and others. The report also highlights various trends in the global food ingredients sterilization market. A section of the report highlights region-wise trends in the global food ingredients sterilization market. It also provides a market outlook for 2016–2024, and sets the forecast within the context of the segment by ingredients, and method. This study discusses key regional trends contributing to growth of the global food ingredients sterilization market, as well as analyses the degree to which drivers are influencing markets in each region. Key regions assessed in this report include North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
In addition, it is imperative to note that in an ever-fluctuating economy, we not only conduct forecasts in terms of CAGR, but also analyze on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities.
Also, another key feature of this report is the analysis of all key segments in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global food ingredients sterilization market.
Among the various ingredient segments, the spices, herbs and seasonings segment is expected to contribute significantly in terms of revenue to the global market, followed by the meat and poultry segment respectively. The market is driven by increasing demand for sterilized food ingredients produced by using various sterilizing methods, which is expected to fuel significant growth of the food ingredients sterilization market during the forecast period. A detailed analysis has been provided for each segment in terms of region-wise market size analysis.
Global Food Ingredient Sterilization Market: Competitive Landscape
In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. Detailed profiles of key players are also included in the scope of the report to evaluate their long-term and short-term strategies, recent developments, key brands and products offered. Key players in the global food ingredients sterilization market covered in the report include Balchem Inc., Wenda Ingredients, Safe Spice, Sterigenics International LLC, Croll Reynolds, Napasol, Cosmed Group, and Namah Steam Sterilization.
Key Segments Covered
- By Ingredients
- Spices, herbs and seasonings
- Cereals and pulses
- Tea blends
- Meat and poultry
- Dried fruits and vegetables
- Dairy ingredients
- By Method
Key Regions Covered
- North America
- Asia Pacific
- Middle East & Africa
- Latin America