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(HomeGarden247.com, May 03, 2021 ) Food Sterilization Equipment Market was valued at USD 637.2 million in 2017 and is projected to grow at a CAGR of 6.3% from 2018 and reach USD 922.7 million by 2023. The base year considered for the study is 2017 and the forecast period considered is from 2018 to 2023.
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Rising application of sterilization technology in food & beverage industry, increasing instances of foodborne diseases, and growing safety concerns related to food hygiene and contamination are the major factors fueling the demand for food sterilization equipment across the globe.
Based on the process type, the batch food sterilization equipment dominated the market, holding the largest share in terms of value in 2018.
The batch sterilization process is majorly used to control the temperature for reducing the contamination of microorganisms in food products. Due to these factors the batch process segment is projected to dominate in the food sterilization equipment market during the forecast period.
Based on application, the food sterilization equipment market is divided into spices, seasonings, and herbs, cereals & pulses, meat, poultry & seafood, dairy products, fruits & vegetables, dried fruits & nuts, beverages, and others. The spices, seasonings and herbs segment accounted for the largest share of the global food sterilization equipment market in 2018.
Based on technology, the food sterilization equipment market is divided into heat, steam, radiation, chemical, filtration, and others. The heat segment accounted for the largest share of the global food sterilization equipment market in 2018. Heat sterilization is one of the most widely used sterilization methods due to its easy-to-handle characteristic and low capital investment.
Asia Pacific is projected to witness the fastest growth in the food sterilization equipment market during the forecast period. Emerging economies such as India, China, and developed country such as Japan have favorable market growth potential for sterilized food products, which has encouraged the food manufacturers in these countries to adopt strategies such as expansions.
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Key participants in the food sterilization equipment market include sterilization equipment manufacturers and suppliers. The key players that are profiled in the report include JBT Corporation (US), Buhler (Switzerland), Cosmed Group (US), Ventilex (Netherlands), Surdry (Spain), Steriflow (France), Allpax (US), Hisaka (Japan), Systec (Germany), De Lama (Italy), Raphanel (Spain), Sun Sterifaab (India), and International Sonomecanics (US).
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Mr. Aashish Mehra
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Mr. Aashish Mehra
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