A recent report published by Infinium Global Research on food ingredients sterilization market provides an in-depth analysis of segments and sub-segments in global as well as regional food ingredients sterilization market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional food ingredients sterilization market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global food ingredients sterilization market. According to the report, the global food ingredients sterilization market is projected to grow at a CAGR of 4% over the forecast period of 2018-2024.
Sterilization of food ingredients refers to a process that kills, remove or deactivates all forms of micro-organisms such as bacteria, spore forms, unicellular eukaryotic organisms, and fungi from the food ingredients and make them safe for consumption. It reduces the chance of contamination and increases the shelf life of the food. The different process such as moisture, radiation, and heat, are been carried out on food ingredients in order to reduce the microorganisms.
Some of the major factor driving the demand for food ingredient sterilization market is food safety and health safety. Sterilization of food helps to keep food products safe and even upsurge the probability of food manufacturers to deliver quality food with prolonged shelf life. Furthermore, the growing trend of packaged and ready food in the developing regions and rising demand for spices, herbs, meat, poultry, cereals, pulses and so on are also boosting the market growth. Additionally, the threat of food borne pathogens through the sterilization process has considerably decreased, this in turn, increase the shelf life of the food product, which in turn fuels the demand for food ingredient sterilization market. On the contrary, lack of consciousness among consumers regarding the benefits offered by food sterilization is hampering the market growth. However, the demand for food ingredients sterilization is predicted to create enhanced opportunities in the food industry in near future due to advancement in sterilization technology and development of new sterilization products is generating opportunities for the food manufacturers to develop new food products, to meet the rising demand of consumers.
In terms of geographies, North America has accounted for the largest market share followed by Europe. Factors driving the demand in North America and Europe region is due to growing consciousness among consumers regarding the benefits of sterilized food, the growing trend of packaged and ready to eat food products and strict regulations for food safety. Further, Asia Pacific offers huge unmet demand and also intensify the demand at most healthy rate owing to the existence of a huge population, changing lifestyle, quick urbanization, and growing demand for ready-to-eat food.
The report on global food ingredients sterilization market covers segments such as ingredients and sterilization method. On the basis of ingredients, the global food ingredients sterilization market is categorized into dried fruits and vegetables, seafood, cereals and pulses, nuts, spices, herb’s and seasonings, meat and poultry, and tea blends. On the basis of the sterilization method, the global food ingredients sterilization market is categorized into moisture, heat, and radiation.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global food ingredients sterilization market such as Sterigenics International LLC, Balchem Corporation, Namah Steam Sterilization, Cosmed Group, Croll Reynolds, Wenda Ingredients, Napasol AG and Safe Spice.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global food ingredients sterilization market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of food ingredients sterilization market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the food ingredients sterilization market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the food ingredients sterilization market to understand the present and future trends in this market and formulate their strategies accordingly.
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