The high-pressure processing equipment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
High-Pressure Processing Equipment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The high-pressure processing equipment market size has grown strongly in recent years. It will grow from $0.43 billion in 2023 to $0.46 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to growing concerns over foodborne illnesses, increasing focus on food safety, demand for extended shelf life, rising demand for natural food preservation, and consumer preference for minimally processed foods.
The high-pressure processing equipment market size is expected to see strong growth in the next few years. It will grow to $0.66 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to the increasing use of high-pressure processing for sterilization and preservation, growing awareness of nutrition and wellness, continued investments in research and development for new applications, and emerging applications in non-food sectors. Major trends in the forecast period include innovations in equipment design and automation, advancements in packaging technology, development of portable and mobile equipment, adoption of IoT-enabled and automated systems, and focus on convenience and time-saving solutions.
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Scope Of High-Pressure Processing Equipment Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
High-Pressure Processing Equipment Market Overview
Market Drivers –
The increasing demand for processed food is expected to propel the growth of the high-pressure processing equipment market going forward. Processed food refers to any food item that has undergone alterations from its natural state through cooking, preservation, or other methods to improve flavor, shelf life, or convenience. The increasing demand for processed food is due to several factors, such as increased urbanization, changing lifestyles, convenience, longer shelf life, and the availability of a wide variety of flavors and options in the market. High-pressure processing equipment ensures food safety, extends shelf life, and maintains nutritional quality, meeting consumer expectations for convenience and quality in processed foods. For instance, in October 2023, according to Agriculture and Agri-Food Canada (AAFC), a Canada-based government department for agriculture and food-related products, in 2022, exports of processed food and beverage products reached an all-time high of $54.3 billion, marking a 14.1% increase compared to 2021. These exports represented 34.7% of the total production value. Therefore, the increasing demand for processed food is driving the growth of the high-pressure processing equipment market.
Market Trends –
Major companies operating in the high-pressure processing equipment market are focusing on developing advanced products, such as the newest generation of high-pressure processing (HPP) systems, to gain a competitive edge in the market. New-generation high-pressure processing (HPP) systems utilize advanced technology to apply intense pressure to food products, preserving freshness and extending shelf life while maintaining nutritional quality. They are integral to the food industry for producing minimally processed, safe, and high-quality products such as juices, deli meats, and dips. For instance, in September 2022, Quintus Technologies AB, a Sweden-based provider of high-pressure technology, introduced a new high-pressure processing (HPP) system, the QIF 400L, which boasts the industry’s largest diameter vessel. The QIF 400L enhances load efficiency by up to 25% in a more compact design compared to previous models. Quintus’ HPP technology is acknowledged by global regulatory authorities as an effective antimicrobial method capable of inactivating numerous food pathogens. Their HPP systems are engineered for exceptional durability, performance, and minimal maintenance, optimizing uptime and productivity while reducing total ownership costs.
The high-pressure processing equipment market covered in this report is segmented –
1) By Orientation Type: Horizontal, Vertical
2) By Vessel Volume: Less Than 100 Liter, 100-500 Liter, More Than 500 Liter
3) By Application: Tolling, Juices And Beverages, Fruits And vegetables, Seafood, Meat Products, Dairy, Plant Protein, Other Applications
4) By End User: Food And Beverages Industry, Pharma And Cosmetics Industry
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Regional Insights –
North America was the largest region in the high-pressure processing equipment market in 2023. The regions covered in the high-pressure processing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the high-pressure processing equipment market are ThyssenKrupp AG, Kobe Steel Ltd., MULTIVAC Sepp Haggenmuller SE and Co., JBT Corporation, Engelmann & Buckham Ltd, Universal Pasteurization Company LLC, Good Foods Group LLC, Uhde High Pressure Technologies GmbH, Quintus Technologies AB, American Pasteurization Company, Hiperbaric, Resato International B.V., Millard Manufacturing Corp., Pion Inc, Stansted Fluid Power Ltd., Bao Tou KeFA High Pressure Technology Co Ltd., BTKF-HPP, Guangzhou Jingye Machinery Co Ltd, Idus HPP Systems S.L.U., Xiamen Ollital Machinery Equipment Co Ltd.
Table of Contents
- Executive Summary
- High-Pressure Processing Equipment Market Characteristics
- High-Pressure Processing Equipment Market Trends And Strategies
- High-Pressure Processing Equipment Market – Macro Economic Scenario
- Global High-Pressure Processing Equipment Market Size and Growth
……….
- Key Mergers And Acquisitions In The High-Pressure Processing Equipment Market
- High-Pressure Processing Equipment Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global High-Pressure Processing Equipment Market, Segmentation By Orientation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global High-Pressure Processing Equipment Market, Segmentation By Vessel Volume, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global High-Pressure Processing Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………..
Table 75: ThyssenKrupp AG Financial Performance
Table 76: Kobe Steel Ltd. Financial Performance
Table 77: MULTIVAC Sepp Haggenmuller SE and Co. Financial Performance
Table 78: JBT Corporation Financial Performance
Table 79: Engelmann & Buckham Ltd Financial Performance
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