Food & Beverage Sterilizing Agent Market 2019 Outlook, Industry Trends and Forecast by 2025
Category: #business  By Sachin Pashte  Date: 2019-09-13
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Food & Beverage Sterilizing Agent Market 2019 Outlook, Industry Trends and Forecast by 2025

Global Market Insights, Inc. provides a detailed overview of Food & Beverage Sterilizing Agent Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

North America has registered itself as the strongest market for sterilizing agent followed by Europe pacific and Asia Pacific. Asia pacific has been witnessing a sizable consumer population coupled with a steady consumption in packaged food materials. Countries like China and India Indonesia, have evolved as prominent regions propelling growth, supported by evolving lifestyle, discounting in packaged food, rapid urbanization and increasing working population.

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Hydrogen peroxide is widely accepted as the most popular sterilant in food & beverage industry holding almost half of the overall market share in product segment owing to is unique properties like it leaves no toxic residue, instant effectiveness and ease of handling which makes it ideal to be used in food processing. Food grade hydrogen peroxide of 30-35% composition is generally preferred in food processing operations. Chemical compounds like peracetic acid, propylene oxide and ethylene oxide are some other sterilant in the food market.

With the growing demand for food safety and hygiene, food & beverage sterilization is applicable in several food segments such as cereal & pulses, meat & poultry, beverages, dairy ingredients, dried fruits & vegetables etc. The maximum utility is concentrated in dairy products segment accounting a share of around 25% in the overall application. The market is anticipated to follow an uplifting trend in this segment as a result of rising demand from foreign economies due to high consumption of milk-based products in North American countries.

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Meat & poultry segment stood second largest in the application segment holding as share of 19.8% in the application segment. This sector makes uses of sterilization techniques in order to preserve some sensory characteristics like texture, taste and appearance of raw meat.

Based on region, North America is the strongest market for food & beverages sterilizing agents generating a total revenue of USD 114.2 million in 2018. As the region is facing regulatory burden in food & beverage industry regarding health, safety and quality of food by FDA, American food processors are now adopting strategies to serve consumers with more healthy and long shelf life food products. The new advancements in food processing is making the way for sterilizing operations due to its ability to provide freshness to ready to eat meals.

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Food & beverage sterilizing agent market is quite fragmented due to presence of number of players in food processing industry. Some of the major market companies are Evonik Industries, Solvay, Steris, Peroxy Chem, Mitsubishi gas etc. Scaling up of key players in the market through merger and acquisition is driving the demand of sterilizing agents in the sector. Introduction of marketing strategies with focus on shifting from similar benefits and same taste to clean ingredients and clear packaging will drive growth. For instance, Evonik has introduced a new disinfectant named active Hyprox AS in order to act as a food sterilizing agent with the aim to promote food safety.

Partial Report Content:

Chapter 1. Methodology & Scope

1.1. Methodology

1.2. Market definitions

1.3. Market estimation & forecast parameters

1.4. Data sources

1.4.1. Primary

1.4.2. Secondary

1.4.2.1. Paid sources

1.4.2.2. Public sources

Chapter 2. Executive Summary

2.1. Food & beverage sterilizing agent industry, 360° synopsis, 2014 – 2025

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Application trends

2.1.4. Regional trends

Chapter 3. Food & Beverage Sterilizing Agent Industry Insights

3.1. Industry segmentation

3.2. Industry size and forecast, 2014 - 2025

3.3. Industry ecosystem analysis

3.3.1. Raw material analysis

3.3.2. Manufacturing trends

3.3.3. Profit margin

3.3.4. Value addition

3.3.5. Distributor channel analysis

3.3.6. Vendor matrix

3.4. Innovation & sustainability

3.4.1. Patent analysis

3.4.2. Future trends

3.5. Industry impact forces

3.5.1. Growth drivers

3.5.1.1. Rapidly growing food & beverages industry in North America

3.5.1.2. Growing concerns regarding food safety throughout the globe

3.5.2. Industry pitfalls & challenges

3.5.2.1. Stringent government regulations in food industry

3.6. Regulatory landscape

3.6.1. U.S.

3.6.2. Europe

3.6.3. China

3.7. Growth potential analysis

3.8. Regional price trends

3.8.1. Cost structure analysis

3.8.1.1. R & D cost

3.8.1.2. Manufacturing cost

3.8.1.3. Raw material cost

3.8.1.4. Distribution cost

3.8.1.5. Operating cost

3.8.1.6. Miscellaneous cost

3.8.2. Price by product

3.8.3. Price by application

3.9. Competitive landscape, 2018

3.9.1. Company market share analysis, 2018

3.9.2. Patent analysis

3.9.3. Strategy dashboard

3.10. Porter’s analysis

3.10.1. Supplier power

3.10.2. Buyer power

3.10.3. Threat of new entrants

3.10.4. Industry rivalry

3.10.5. Threat of substitutes

3.11. PESTEL analysis

Chapter 4. Food & Beverage Sterilizing Agent Market, by Product

4.1. Global food & beverage sterilizing agent market, product insights

4.2. Hydrogen peroxide

4.2.1. Market estimates and forecast, 2014 - 2025

4.2.2. Market estimates and forecast by region, 2014 – 2025

4.3. Peracetic acid

4.3.1. Market estimates and forecast, 2014 - 2025

4.3.2. Market estimates and forecast by region, 2014 – 2025

4.4. Others

4.4.1. Market estimates and forecast, 2014 - 2025

4.4.2. Market estimates and forecast by region, 2014 – 2025

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About Author

Sachin Pashte    

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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