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| Report Code: A02199 | Pages: 252 | ||
| Tables: 118 | Charts: 49 |
| |
The global high-pressure processing equipment market size was valued at $404.6 million in 2020, and is expected to reach $1,238.3 million by 2030, with a CAGR of 11.2% from 2021 to 2030.
The COVID 19 outbreak has affected the growth of the high-pressure processing equipment industry owing to the lockdown measure in different countries and delay in manufacturing and production of wide variety of high-pressure processing equipment.
High-pressure processing equipment is most preferred by food safety method for many producers, allowing retailers to stock refrigerated foods and beverages that are safe, high in quality, and clean. High-pressure processing equipment is used to treat foods, beverages, proteins, bioactive materials, and other enzyme products. The equipment is used to produce safer, fresher, more natural, and better tasting foods. The high pressure processing equipment industry is used for beverages, food industry, and ready to cook food products.
The growing awareness about health among consumers and rising demand for packaged food and vegetables fuel the growth of the high-pressure processing equipment market. In addition, rise in demand for fruits and vegetables is expected to surge the demand for high-pressure processing equipment, thereby fueling the growth of the high-pressure processing equipment market. The top impacting factors of the high-pressure processing equipment market for global fruit and vegetable are upsurge in demand for high pressure applications in various products such as fruit, vegetables, nuts, and baby food. Moreover, economic growth in countries, such as Brazil, South Africa, Colombia, and Argentina, drives the growth of the packaged food industry, which, in turns, increases the demand for high-pressure processing equipment to manufacture packaged meat products and food processing products, which fuels the growth of the high-pressure processing equipment market. For instance, the disposable income of people in Brazil grew by 5.3% from 2017 to 2019.
In addition, increase in foodborne diseases, owing to contamination of food, rises the demand for high-pressure processing equipment, which fuels the growth of the market. The rise in adoption of high-pressure processing equipment in food processing plants, such as seafood and meat and chicken products, fuels the high-pressure processing equipment market growth.
However, high cost of high-pressure processing equipment and fluctuation in raw material prices limit the growth of the high-pressure processing equipment market. On the contrary, adoption of high-pressure processing equipment for seafood processing is anticipated to create growth opportunities for the market.
In addition, the COVID-19 pandemic has shut-down production and sales of various products in the ship loader and unloader market, mainly owing to prolonged lockdown in major global countries, including the U.S., Italy, and the UK. This has hampered the growth of the high-pressure processing equipment market significantly in the last few months, and is expected to continue during the pandemic. Moreover, lockdowns have also led to a halt in construction activities, thereby hampering the demand for the high-pressure processing equipment market during 2020.
The global high-pressure processing equipment market is segmented on the basis of application, end user, orientation type, vessel volume, and region. On the basis of application, the market is divided into fruits and vegetables, seafood and meat, juice and beverages, and others. The juice and beverages segment generated the highest revenue in 2020. Based on end user, the market is bifurcated into food and beverages industry and pharma and cosmetics industry. The food and beverages industry segment dominated the market in 2020. On the basis of orientation type, the market is categorized into vertical and horizontal. The horizontal segment generated the highest revenue in 2020. By vessel volume, the market is classified into less than 100L, 100-500 L, and more than 500 L.
Region-wise, the global high-pressure processing equipment market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, Australia, and the rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, North America was the highest contributor to the global high-pressure processing equipment market share, and is anticipated to secure a leading position during the forecast period.
Key players profiled in this report include Avure Technologies Inc, Hiperbaric Espana, Bao Tou KeFa High Pressure Technology Co Ltd, CHIC FresherTech, Kobe Steel Ltd, Multivac Sepp Haggenmuller Se and Co KG, Stansted Fluid Power Ltd, Universal Pasteurization Co, Next HPP, and ThyssenKrupp AG.
Key Benefits For Stakeholders
Global High-pressure Processing Equipment Market Segments
By Orientation Type
By Vessel Volume
By End User
By Application
By Region
Key Players
High-Pressure Processing Equipment Market Report Highlights
| Aspects | Details |
|---|---|
| By Orientation Type |
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| By Vessel Volume |
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| By End User |
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| By Application |
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| By Region |
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| Key Market Players | ThyssenKrupp AG, Multivac Sepp Haggenmuller Se and Co KG, Bao Tou KeFa High Pressure Technology Co Ltd, Next HPP, Stansted Fluid Power Ltd, Universal Pasteurization Co, CHIC FresherTech, Hiperbaric Espana, Kobe Steel Ltd, Avure Technologies Inc |
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The global high-pressure processing equipment market has witnessed huge demand in North America followed by Europe and Asia-Pacific. The highest market share of the North America market is attributed to increase in demand for high-pressure processing equipment in food and beverages sectors.
High-pressure processing equipment is used for food preserving technique. It is used in food and beverage sector for pasteurized milk, removing harmful pathogens, and vegetative spoilage microorganism by using heating, and processing applications. High-pressure processing equipment is used in food and beverage processing industries. It possesses features such as processing efficiency, flexible packaging solutions, maximum vessel pressure, and high temperature range. Rise in demand for high-pressure processing equipment in industrial and manufacturing sectors globally fuels the growth of the high-pressure processing equipment market.
Moreover, major players, such as Kobelco Ltd, Hiperbaric Espana, and others, are engaged in providing high-pressure processing equipment products to the market. For instance, Kobelco Ltd offered high pressure food processor. It has features such as maximum pressure of 392 MPa and dimensions of processing vessel of 420mm X 940 mmL. It has high volume of 130 liters. It is capable of working under 800-degree C. All such instances drive the growth of the global high-pressure processing equipment market.
However, fluctuation in raw material prices and foreign currencies is anticipated to restraint the growth of the global high-pressure processing equipment market. Moreover, technological advancement in the high-pressure processing equipment is anticipated to provide lucrative opportunities for the growth of the global high-pressure processing equipment market.
A. The global high-pressure processing equipment market size was $404.6 million in 2020 and is projected to reach $1,298.3 million in 2030, growing at a CAGR of 11.2% from 2021 to 2030.
A. The forecast period considered for the global high-pressure processing equipment market is 2021 to 2030, wherein, 2020 is the base year, 2021 is the estimated year, and 2030 is the forecast year.
A. The base year considered in the global high-pressure processing equipment market is 2020.
A. No, the report does not provide Value Chain Analysis for the global high-pressure processing equipment market. However, it provides market share analysis for the top players in the high-pressure processing equipment market.
A. On the basis of vessel volume, the less than 100 L segment is expected to be the most influencing segment growing in the global high-pressure processing equipment market report.
A. Based on the orientation type, in 2020, the horizontal segment generated the highest revenue, accounting for 86.5% of the market and is projected to grow at a CAGR of11.4% from 2021 to 2030.
A. The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically covers company overview, geographical presence, and market dominance (in terms of revenue and volume sales)
A. The market value of global high-pressure processing equipment market is $475.4 million in 2021.
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