High Pressure Processing Equipment Market to Register a high CAGR until 2028
Rising production of
ready-to-cook food and increasing demand for packaged food are expected to drive
the Global High Pressure Processing Equipment Market during the forecast period
of 2024-2028.
According to TechSci Research report, “High Pressure Processing
Equipment Market – Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2018–2028,” the Global High Pressure Processing Equipment
Market is anticipated to register a robust growth during the forecast period,
2024-2028due to the factors such as rise in the number of government
initiatives to develop food technologies. Furthermore, changing lifestyle and
upsurge in the demand for packaged food are some macroeconomic factors that
positively impact the global high pressure processing equipment market. Other
factors, including rising production of ready-to-cook meat and hectic schedule
of people will cushion the market's growth rate. Moreover, high-pressure
processing equipment possess less energy and time than other food technologies
will further propel the growth rate of the high-pressure processing equipment
market.
Moreover, the rise in
government assistance towards developing food technologies will boost the
opportunities for the global high pressure processing equipment market growth.
Additionally, the strong demand from various end-use industries and rising use
of HPP toll processing will act as major drivers that will further create new
opportunities for market's growth in the forecast period.
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Furthermore, high
capital needs and stringent food safety laws will slow the market's expansion.
Additionally, COVID-19's detrimental effects on the supply and manufacturing of
high pressure processing equipment would hinder the market's overall expansion.
The market for high pressure processing equipment will face additional
challenges throughout the projected period including high cost of high-pressure
processing equipment and fluctuation in raw material prices limit the growth of
the high-pressure processing equipment market.
Moreover, the
development of high-pressure processing equipment is, however, constrained by
the high cost of such equipment and the volatility of raw material costs.
Global
High Pressure Processing Equipment Market is segmented into orientation type, vessel
volume, end user, application, by region
and competitive landscape.
On the basis of orientation type,
Horizontal HPP Equipment is the dominating segment in the Global High Pressure
Processing Equipment Market because it offers several advantages including disassembling,
reassembling, easy installation, and more throughput capacity. Moreover, it can
handle higher volumes as compared to vertical HPP equipment, which has led to
increased demand for horizontal HPP equipment.
On the basis of region, North
America is dominating the Global High Pressure Processing Equipment Market due
to factors such as increasing preference for HPP food and beverage products,
growing inclination for clean label products among consumers, and increasing
end-user demand for advanced HPP equipment.
Major
market players operating in the Global High Pressure Processing Equipment Market
are:
- Avure Technologies Inc.
- Hiperbaric Ispana
- Bao Tou KeFA High Pressure Technology Co.,Ltd
- CHIC Fresher Tech
- Kobe Steel Ltd
- MULTIVAC Sepp Haggenmuller SE
& Co. KG
- Tansted Fluid Power Ltd.
- Universal Pasteurization Co
- Next HPP
- ThyssenKrupp AG
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“The demand for organic food and clean label food products has dramatically
increased as a result of rising health concerns among consumers. Demand for the
Global High Pressure Processing Equipment Market is expected to increase during
the projected period due to increased awareness of the health benefits of
consuming clean label products. Governments from nations, including China and India, are also
encouraging the usage of HPP systems and development of cutting-edge food
technologies. Therefore, proactive measures are conducted to increase the use
of HPP equipment. Key market players can
also take advantage by offering innovative solutions and gaining a competitive
edge in the industry.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“High
Pressure Processing Equipment Market - Global Industry Size, Share, Trends,
Opportunities, and Forecast, 2018-2028 Segmented By Orientation Type (Horizontal HPP
Equipment, Vertical HPP Equipment), By Vessel Volume (Less Than 100L, 100-500L,
More than 500L), By End User (Food & Beverages Industry, Pharma &
Cosmetics Industry), By Application (Fruits and Vegetables, Meat, Juices and
Beverages, Seafood, Others), By Region, ” has evaluated the future growth
potential of Global High Pressure Processing Equipment Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global High Pressure Processing Equipment Market.
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