The high pressure processing equipment market is poised to achieve a remarkable valuation surpassing US$ 1.1 billion by 2033, bolstered by a compelling Compound Annual Growth Rate (CAGR) of 12.8% spanning the years 2023 to 2033.
Foreseen within this landscape is a notable surge, primarily attributed to the introduction of novel clean label products and the increasing consumer consciousness surrounding their inherent benefits. This anticipation underlines the dynamic expansion anticipated for the high pressure processing equipment market during the stipulated forecast period.
A crucial element influencing the global market size computation is the rate of adoption for High Pressure Processing (HPP) equipment, particularly within the realm of cold pasteurization in the Food & Beverage sector. Notably, during this assessment span, the projected US$ 133.5 million market for HPP equipment is set to unfurl a promising opportunity, yielding an additional US$ 350.5 million.
Future Market Insights (FMI) offers a comprehensive view of this landscape through its latest report, illuminating several pivotal trends steering the trajectory of the high pressure processing equipment (HPPE) market. Noteworthy among these trends is the swift assimilation of high pressure processing techniques by premium juice manufacturers, alongside an influx of automation and technological innovations. Additionally, the burgeoning presence of HPP tolling service providers further shapes the current market dynamics, delineating a transformative narrative.
FMI’s Insights on Growth Factors
- FMI indicates that the growing demand for processed, packaged and ready-to-eat food products worldwide are encouraging the use of high pressure processing equipment in the food and beverage industry.
- Growing health concerns and increasing awareness amongst consumers on health benefits from “clean label” food is projected to influence the market growth.
- Implementation of stringent regulatory norms about food safety, especially in North American and West European countries are compelling food processing companies to install efficient HPP equipment in processing plants.
Horizontal Vessels — Leading Arrangements Type Segment
Based on vessel arrangements type, the horizontal vessel is expected to be the predominant segment of the market in terms of value over 2026. Growing demand for horizontal vessel arrangements is expected to make a significant contribution to the overall market growth. Horizontal vessels possess easy loading and unloading operations with a high volume capacity, hence, have a higher preference in the market.
By applications, meat is the largest segment in the market both in terms of value and volume. Whereas, the juice & beverage segment is anticipated to witness the fastest growth in terms of value during the forecast period.
Based on capacity, demand for above 300 litres vessels or containers is expected to gain traction over the next couple of years. Despite their high cost, the above 300 litres vessel segment is projected to register a strong CAGR due to their high holding capacity.
Based on the regional analysis, the market in North America will continue to lead the pack during the forecast period. In 2016, the region accounted for over 40% share of the market followed by Europe. In addition, both the regions collectively accounted for nearly 75% share of the market in terms of value in 2016. Owing to the substantially high demand for HPP equipment from tolling services providers and their growing application base across various end-use industries, the HPP equipment market is flourishing in the region of North America. The Asia Pacific, particularly China is set to witness a robust adoption of HPP equipment in various industrial domains over the next few years.
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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.
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)
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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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