HPP Equipment and Food Market by Orientation Type (Vertical and Horizontal), by Application (Fruits & Vegetables, Meat & Poultry, Juice & Beverages, Dips & Sauces, Seafood & Fish and Other Food) - Global Opportunity Analysis and Industry Forecast, 20
SKU ID :NMS-18644791 | Published Date: 01-Apr-2020 | No. of pages: 264Description
Market Definition:
The Global HPP Equipment and Food Market size was valued at USD 556.7 Million in 2019 and is predicted to reach USD 1.47 Billion by 2030 with a CAGR of 9.2% from 2020-2030.
High Pressure Processing (HPP) equipment are mainly used in food industry for sterilization of food products. HPP is equivalent to pasteurization that enhances the processed food quality and increases their shelf life. These equipment generate isostatic pressure via water and terminate the bacteria & germs in food items and prevent degradation. One of the major benefits of HPP equipment is that, it eliminates the bacteria, parasites and viruses that enhances the shelf life of the products. It also helps sustain the nutrition and flavor of food being processed which is an added benefit compared to the thermal treatment. Due to these reasons, HPP equipment are gaining traction among global food giants.
Market Dynamics and Trends:
The tremendous upsurge in demand for processed food is the key factor driving the HPP Equipment and Food market growth because. High pressure processing eliminates the requirement for chemical additives that may cause nausea, headache, and difficulty in breathing and even damage the human nerve cells. Rising awareness and adaptation of food products without any chemical additives are propelling the market growth. These equipment help in saving time & energy and thus increase the total output for product line and also save the power expenditure of processors. These benefits are contributing to the growth of HPP Equipment and Food market. One of the other major benefits is that high pressure processing can also be carried out post packaging that further eliminates the risk of processing contamination.
However, requirement of high capital investment might hamper the market growth. Consequently, government support to develop efficient food processing technologies is expected to provide lucrative opportunities for HPP Equipment and Food market players during the forecast period.
Market Segmentations and Scope of the Study:
The global HPP Equipment and Food market share has been analyzed based on orientation type, application and geography. Based on orientation type, it is divided into horizontal and vertical. Based on application, the market is segmented into fruits & vegetables, meat, juice & beverages, and seafood. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
Geographical Analysis:
North America is estimated to hold the major share of global HPP Equipment and Food market during the forecast period due to increasing use for processing of juices and beverages followed by seafood, meat and vegetable. It’s well developed infrastructure and technological advancements further propel the market growth. The market of Asia Pacific is estimated to grow at the fastest rate owing to the changing food habits and rising health awareness. The stringent policies for public health welfare are further augmented to back the market growth. Furthermore, the rising awareness about the benefits of high-pressure processing equipment is contributing to the growth in high pressure processing equipment market.
The global HPP Equipment and Food market is highly competitive and consists of numerous market players. Some of the major market players are Avure Technologies Inc., Universal Pasteurization Co., Multivac Sepp Haggenmuller SE & Co. KG, Bao Tou KeFa High Pressure Technology Co. Ltd., Hiperbaric Espana, Kobe Steel Ltd., CHIC FresherTech, Hyperbaric SA, ThyssenKrupp AG, and Stansted Fluid Power Ltd.
There have been various developments taking place in the market that further enhance the growth of HPP Equipment and Food market on a large scale. For instance,in April 2019, MULTIVAC collaborated with LEIPA Georg GmbH and Koehler Paper Group to increase the use of packaging fresh food. The packs were designed such that the end-user can separate the cardboard backing from the plastic barrier layer and paper recycling. Also, in June 2019, Avure technologies launched a new high-pressure processing meat technology i.e. meat processing equipment which retains the natural appearance and texture of meat. Moreover, in November 2019, Hiperbaric Espana launched High Pressure Technology for automotive & aeronautics industries, expanding its product line beyond food.
KEY MARKET SEGMENTS:
By Orientation
Horizontal
Vertical
Fruits & Vegetables
Juices & Beverages
Meat
Sea Food
By Region
North America
US
Mexico
Canada
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia Pacific APAC
China
Japan
India
South Korea
Rest of APAC
Rest of the World
Brazil
UAE
Russia
South Africa
Remaining Countries
The Global HPP Equipment and Food Market size was valued at USD 556.7 Million in 2019 and is predicted to reach USD 1.47 Billion by 2030 with a CAGR of 9.2% from 2020-2030.
High Pressure Processing (HPP) equipment are mainly used in food industry for sterilization of food products. HPP is equivalent to pasteurization that enhances the processed food quality and increases their shelf life. These equipment generate isostatic pressure via water and terminate the bacteria & germs in food items and prevent degradation. One of the major benefits of HPP equipment is that, it eliminates the bacteria, parasites and viruses that enhances the shelf life of the products. It also helps sustain the nutrition and flavor of food being processed which is an added benefit compared to the thermal treatment. Due to these reasons, HPP equipment are gaining traction among global food giants.
Market Dynamics and Trends:
The tremendous upsurge in demand for processed food is the key factor driving the HPP Equipment and Food market growth because. High pressure processing eliminates the requirement for chemical additives that may cause nausea, headache, and difficulty in breathing and even damage the human nerve cells. Rising awareness and adaptation of food products without any chemical additives are propelling the market growth. These equipment help in saving time & energy and thus increase the total output for product line and also save the power expenditure of processors. These benefits are contributing to the growth of HPP Equipment and Food market. One of the other major benefits is that high pressure processing can also be carried out post packaging that further eliminates the risk of processing contamination.
However, requirement of high capital investment might hamper the market growth. Consequently, government support to develop efficient food processing technologies is expected to provide lucrative opportunities for HPP Equipment and Food market players during the forecast period.
Market Segmentations and Scope of the Study:
The global HPP Equipment and Food market share has been analyzed based on orientation type, application and geography. Based on orientation type, it is divided into horizontal and vertical. Based on application, the market is segmented into fruits & vegetables, meat, juice & beverages, and seafood. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
Geographical Analysis:
North America is estimated to hold the major share of global HPP Equipment and Food market during the forecast period due to increasing use for processing of juices and beverages followed by seafood, meat and vegetable. It’s well developed infrastructure and technological advancements further propel the market growth. The market of Asia Pacific is estimated to grow at the fastest rate owing to the changing food habits and rising health awareness. The stringent policies for public health welfare are further augmented to back the market growth. Furthermore, the rising awareness about the benefits of high-pressure processing equipment is contributing to the growth in high pressure processing equipment market.
Competitive Landscape
:The global HPP Equipment and Food market is highly competitive and consists of numerous market players. Some of the major market players are Avure Technologies Inc., Universal Pasteurization Co., Multivac Sepp Haggenmuller SE & Co. KG, Bao Tou KeFa High Pressure Technology Co. Ltd., Hiperbaric Espana, Kobe Steel Ltd., CHIC FresherTech, Hyperbaric SA, ThyssenKrupp AG, and Stansted Fluid Power Ltd.
There have been various developments taking place in the market that further enhance the growth of HPP Equipment and Food market on a large scale. For instance,in April 2019, MULTIVAC collaborated with LEIPA Georg GmbH and Koehler Paper Group to increase the use of packaging fresh food. The packs were designed such that the end-user can separate the cardboard backing from the plastic barrier layer and paper recycling. Also, in June 2019, Avure technologies launched a new high-pressure processing meat technology i.e. meat processing equipment which retains the natural appearance and texture of meat. Moreover, in November 2019, Hiperbaric Espana launched High Pressure Technology for automotive & aeronautics industries, expanding its product line beyond food.
KEY MARKET SEGMENTS:
By Orientation
Horizontal
Vertical
By Application
Fruits & Vegetables
Juices & Beverages
Meat
Sea Food
By Region
North America
US
Mexico
Canada
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia Pacific APAC
China
Japan
India
South Korea
Rest of APAC
Rest of the World
Brazil
UAE
Russia
South Africa
Remaining Countries
TOC
Tables & Figures
Companies
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