The global food ultrasound market is anticipated to grow at a CAGR of 5.1% from 2023 to 2033, according to the most recent market research study by FMI. The market is anticipated to grow to a value of US$ 119.3 million in 2023. The worth is anticipated to increase to US$ 180.1 million by 2033.
Food ultrasonography has emerged as the most important component of the food and beverage business, owing to increased worries over waste and long processing times. These two issues can be handled by using food ultrasonic technology, which can also increase the application’s effectiveness. Given that food ultrasonography is a relatively new and evolving technology, few companies have the resources and experience to operate ultrasonic processing equipment. Processing issues and increasing raw material waste may emerge from a lack of expertise and labour scarcity.
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To avoid this, businesses have a larger opportunity to offer informative workshops and give personnel with appropriate training. Along with the introduction of new products and technological developments, the major corporations seek to engage in a number of strategic actions. Mergers, acquisitions, and expansions are some of the strategic techniques employed by industry players to ensure market growth.
Key Takeaways:
- The food ultrasound market is predicted to record a CAGR of 1% through 2033.
- Consumer demand for a longer duration of storage, rising food quality awareness, and maximizing nutritional content in food are expected to drive the food ultrasound
- The food ultrasound market is anticipated to reach a valuation of US$ 119.3 million in 2023.
- The food ultrasound market is expected to surpass US$ 180.1 million by 2033.
- The food ultrasound market recorded a CAGR of 7% from 2018 to 2022.
Competitive Background:
The key players operating in the food ultrasound market are investing in mergers and acquisitions in order to gain a significant market share. The manufacturers are also investing in research and development, and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the food ultrasound market. As a result, market participants are likely to have a better overall revenue share in the global food ultrasound market.
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Recent Developments:
- The new ultrasonic technology that Abertay University created in December 2020 helped the food business tremendously. Owing to this technology, fruits, and vegetables now have a greater amount of nutrition. It can also be used to decrease and repurpose food waste by extracting bioactive compounds from food waste like orange peel and apple pomace.
- In March 2021, Sound Nutrition revealed a clean-label sweet snack that used an ultrasonic shaping technique. This method uses high-frequency, low-amplitude sound waves to preserve nutrients, create forms and textures, and enhance the taste.
Significant Key Players are:
- Hitachi Corporation,
- Siemens Healthcare
- Analogic Corporation
- FUJIFILM Holdings Corporation
- Koninklijke Philips N.V
- Esaote S.p.A
- Mindray Medical International Ltd.
- Robert Bosch GmbH
- Emerson Electric Co.
- Buehler’s Fresh Foods
- Dukane IAS
- Hielscher Ultrasonics GmbH
- Newtech
- Denny’s Franchisee Association
- Rinco Ultrasonics
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Key Segments
Food Product:
- Meat
- Beverages
- Fruits & Vegetables
- Dairy
- Bakery
- Other Food Products
Frequency Range:
- Low Intensity
- High Intensity
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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