The High-Pressure Processing Equipment Market is projected to grow from $404.9 million to $1044.18 million, at a CAGR of 11.1% during the forecast period 2021-2030.
High-pressure handling equipment is the food safety method of choice for many producers, allowing retailers to stock up on safe, high-quality, clean refrigerated food and beverages. High-pressure processing equipment is used to process food, beverages, proteins, bioactive substances, and other enzymatic products. This equipment is used to produce safer, fresher, natural, and better-tasting food. The high-pressure handling equipment industry is used in the beverage, food industry, and ready-to-eat food.
Increasing government initiatives to develop food technology will drive the high-pressure processing equipment market. Additionally, lifestyle changes and a surge in demand for packaged foods are some of the macroeconomic factors positively impacting the global high-pressure handling equipment market. Other factors including increasing ready-to-eat meat production and busy schedules of people will moderate the market growth rate. An increase in disposable income and a rise in urbanization will boost the growth rate of the high-pressure handling equipment market.
Market Dynamics:
Drivers:
Growing demand for processed foods and the benefits associated with the use of HPP is expected to drive the growth of the global high-pressure processing equipment market over the forecast period. Changes in lifestyle and eating habits have significantly increased demand for processed, ready-to-eat, and packaged products. According to a study, the consumption of processed foods worldwide is predicted to increase significantly during the next few years. High-pressure processing of food involves the use of hydrostatic pressure against heat or chemicals. It also extends the shelf life of products without affecting their chemical composition. As a result, the product's natural ingredients are preserved longer. These factors are boosting the market’s growth.
Restraints:
High equipment costs are expected to restrain the growth of the global high-pressure handling equipment market over the forecast period. Although HPP equipment has many advantages, it is difficult to adopt high-pressure processing on a large scale. This is due to the high cost associated with HPP systems. An HPP system is a complex system consisting of several components such as pressure vessels, pressure actuators, motors, and safety valves. It is a bit tricky to handle these components. These are some of the major factors constraining market growth.
Opportunities:
Governments in many countries are promoting the use of HPP systems. This is done to develop advanced food technology. As a result, active steps are being taken to expand the use of HPP systems. Leading players in the market can capitalize on these opportunities and gain a competitive edge in the marketplace by offering new solutions. These are the factors that are creating many opportunities in the industry.
Key Players:
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Avure Technologies Inc
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Hiperbaric Espana
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CHIC FresherTech
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Kobe Steel Ltd
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Multivac Sepp Haggenmuller Se and Co KG
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Stansted Fluid Power Ltd
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Universal Pasteurization Co
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Next HPP
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ThyssenKrupp AG
Market Segmentation:
High-Pressure Processing Equipment Market, By Type of Orientation
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Clear Float Glass
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Tempered Glass
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Insulated Glass
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Coated Glass
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Annealed Glass and Laminated Glass
High-Pressure Processing Equipment Market, By Volume of Vessel
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Less than 100 L
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100-500 L
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More than 500 L
High-Pressure Processing Equipment Market, By Application
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Fruits and Vegetables
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Seafood and Meat
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Juice and Beverages
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Others
High-Pressure Processing Equipment Market, By End User
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Food and Beverages Industry
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Pharma and Cosmetics Industry
High-Pressure Processing Equipment Market, By Region Type
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North America
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Europe
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Asia-Pacific
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LAMEA
Regional Analysis:
North America is dominating the high-pressure processing equipment market and the dominant trend will continue to thrive during the forecast period, owing to the increasing adoption of food processing technology in the region. Due to various types of food products like meat, fruits, jams, and a lot more, this region is growing in the HPP market at an escalated rate and holds the largest revenue share in the market.
Asia Pacific is regarded as the fastest-growing region in this market. The development of different food types is one of the major reasons for this region’s growth in this market.
Scope of the report:
Report Coverage |
Details |
Base year |
2021 |
Forecast period |
2030 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.1% |
YoY growth (%) |
XX% |
Regional analysis |
The Middle East, Europe, North America, Latin America, Asia Pacific, and Africa |
Current Market size |
USD 404.9 Million |
Forecast market growth |
USD 1044.18 Million |
User
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Introduction
Our market research is an extensive, iterative process that takes into account a combination of primary and secondary research tools with the aim of minimizing deviation and producing the most precise estimate and prediction. For the future course of action, this approach meticulously outlines the actual changes and industry trends. It gives incredibly valuable data that is drawn from the insights and opinions of analysts and professionals. Our papers include in-depth research and analysis based on several factual inputs obtained from expert interviews, accurate data, and local information.
Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
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