With a robust Compound Annual Growth Rate (CAGR) of 12.8% charting its path from 2023 to 2033, the high pressure processing equipment market is on track to achieve a remarkable valuation exceeding US$ 1.1 billion by 2033.
This growth narrative is centered around the emergence of innovative clean label products that resonate with discerning consumers increasingly aware of their inherent benefits. This transformative trend forms the basis for the dynamic expansion expected in the high-pressure processing equipment market throughout the forecast period.
A critical determinant of the global market’s dimensions is the adoption rate of High Pressure Processing (HPP) equipment, particularly in the realm of cold pasteurization within the Food & Beverage sector. Evidently, within this assessment period, the anticipated $133.5 million market for HPP equipment is poised to offer a promising window of opportunity, projecting an incremental increase of $350.5 million. This evolution not only signifies growth but also underscores the market’s capacity to drive innovation, efficiency, and transformative solutions.
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FMI’s Insights on Growth Catalysts:
According to FMI, the surging global demand for processed, packaged, and ready-to-eat food products is instigating a notable uptick in the utilization of high pressure processing equipment within the food and beverage industry. The ascendancy of health concerns and heightened consumer awareness regarding the health benefits stemming from “clean label” foods are poised to wield substantial influence on market growth from 2023 to 2033. Moreover, the enforcement of stringent regulatory norms pertaining to food safety, particularly evident in North American and West European countries, is compelling food processing entities to adopt efficient HPP equipment within their processing facilities.
Dominant Role of Horizontal Vessels in Arrangement Types:
Amid the landscape of vessel arrangement types, the horizontal vessel segment is anticipated to emerge as the prevailing market component in terms of value by 2026. The escalating demand for horizontal vessel arrangements is projected to make a significant contribution to the overall market expansion. These horizontal vessels facilitate seamless loading and unloading operations while boasting a generous volume capacity, thus garnering heightened preference in the market.
In the realm of applications, the meat segment secures the pinnacle position in both value and volume. In contrast, the juice & beverage segment is poised to exhibit the most rapid growth in value during the forecast period.
When gauged by capacity, the call for vessels or containers exceeding 300 litres is expected to gain momentum in the coming years. Despite their elevated cost, the above 300 litres vessel category is projected to register a robust Compound Annual Growth Rate (CAGR) due to their substantial holding capacity.
Regional Landscape and Future Trajectories:
The North American domain is set to continue its reign as a market leader during the forecast period. Back in 2016, this region commanded over 40% of the market share, closely followed by Europe. In tandem, these regions accounted for nearly 75% of the market share in terms of value. Notably, the flourishing HPP equipment market within North America can be attributed to soaring demand from tolling services providers and their expanding application spectrum across various end-use sectors. Looking to the Asia Pacific, particularly China, a robust adoption of HPP equipment across diverse industrial domains is projected to unfold in the coming years.
Competitive Dashboard:
Apart from Hiperbaric S.A, Stansted Fluid Power Ltd, Multivac Group, Bao Tou KeFa High Pressure Technology Co., Ltd, Avure technologies, and Kobe Steel, Ltd., are some other key players operating in the global market for high pressure processing equipment.
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Key Segments
By Application:
- Fruits & Vegetables
- Juice & Beverages
- Meat
- Sea Food
- Other
By Product Type:
- Below 100 Liters
- 100 Litres-300 Liters
- Above 300 Liters
By Vessel Arrangement:
- Vertical
- Horizontal
By Region:
- North America
- Latin America
- Europe
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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