In its latest report, Future Market Insights (FMI) has identified a few of the major trends governing the overall market for high-pressure processing equipment (HPPE).
The global high-pressure processing equipment market size is anticipated to surpass the value of USD 430 Mn while recording a CAGR of 12.3% in terms of volume between 2016 and 2026, and at a value CAGR of 13.7% during the same time period.
In brief, rapid adoption of high-pressure processing techniques among premium juice manufacturers, automation and technological innovation and a growing number of HPP tolling service providers are playing a major role in shaping the market trajectories currently.
Hyperbaric S.A — Most Successful Player in Recent Years
According to the report, Hiperbaric S.A a prominent manufacturer of high-pressure processing equipment is the current leader in the global market as the company’s hold over the North American region is substantially strong.
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FMI’s Insights on Growth Factors
- FMI indicates that the growing demand for processed, packaged and ready-to-eat food products worldwide is encouraging the use of high-pressure processing equipment in the food and beverage industry.
- Growing health concerns and increasing awareness amongst consumers on health benefits from “clean label” food is projected to influence the market growth from 2016 to 2026.
- Implementation of stringent regulatory norms pertaining to food safety, especially in North American and West European countries is compelling food processing companies to install efficient HPP equipment in processing plants.
The adoption rate of HPP equipment for cold pasteurisation in the F&B industry is one of the major parameters based on which the global market size has been calculated. FMI forecasts the global high-pressure processing equipment market to witness a CAGR of over 13 % in terms of value and a CAGR of 12.3% in terms of volume between 2016 and 2026. The US$ 133.5 Million HPP equipment market is estimated to create an incremental $ opportunity of over US$ 350.5 Million during the assessment period.
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What is the North America and Europe High Pressure Processing Equipment Market Outlook?
The U.S. is expected to hold more than three-fourth of the total market value and volume share in the North America high pressure processing equipment market by the end of 2026. The U.S. high pressure processing equipment market is projected to gain more than 400 BPS between 2016 and 2026, expanding at a CAGR of 16.7% over the forecast period.
Sales revenue of high pressure processing equipment in Canada is expected to increase at a CAGR of 11.2% and the country is likely to represent an incremental opportunity of more than US$ 10 Mn between 2016 and 2026. Sales of high pressure processing equipment are anticipated to grow in Canada and the U.S. owing to the rising demand for processed food infused with active ingredients, as well as the surging concerns regarding food safety.
The Western Europe high pressure processing equipment market is projected to gain more than 100 BPS between 2016 and 2026, expanding at a CAGR of 14.1% over the forecast period. The increasing use of high pressure processing equipment for the production of safe and quality food is expected to lead to a rise in demand in the Europe food safety equipment market.
Competitive Dashboard
Apart from Hiperbaric S.A, Stansted Fluid Power Ltd, Multivac Group, Bao Tou KeFa High-Pressure Technology Co., Ltd, Avure technologies, and Kobe Steel, Ltd., are some of the other Leading major players operating in the global market for high-pressure processing equipment.
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Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.
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