The food
& beverage disinfection market is estimated at USD 148.9 million in
2018, and is projected to reach a value of USD 178.2 million by 2023, growing
at a CAGR of 3.7%. The key players profiled have a strong presence in the
global food & beverage disinfection market; they include Trojan
Technologies (Canada), Halma (UK), Evoqua Water Technologies (US), Evonik
(Germany), Solvay (Belgium), and Stepan Company (US).
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Market Dynamics
Drivers
·
Growing Instances of Foodborne
Diseases and Outbreaks
·
Technological Advancements
in Food & Beverage Disinfection
·
Growing Awareness About Food
Safety Among Consumers
·
Increasing Demand for
Non-Thermal Process in Disinfection
Restraints
·
Rising Demand for Minimally
Processed Food Products
·
Maintaining Proper Process
Control
Opportunities
·
Opportunities in Packaging
and Shelf Life Enhancement for Processed Food
Challenges
·
Stringent Government
Regulations
On the basis
of the application area, the food & beverage disinfection market is
segmented into food surface, food packaging, and food processing equipment. The
food processing equipment segment accounted for the largest share, followed by
the food packaging segment, in 2017. Food processing was the major application
area of food & beverage disinfection (chemicals and technology), as the
major focus of manufacturers is on disinfecting the food contact surfaces
during the entire production line. Food processing equipment form a critical
part of large manufacturing units, and the disinfection of these equipment
helps achieve quality compliance.
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On the basis
of type, the technology segment accounted for a larger market share, followed
by the chemical segment. Technologies such as UV radiation is increasingly
adopted by food & beverage manufacturers as an effective, cost-efficient,
and safe disinfection technology. It is used either separately or in
combination with other technologies to enhance its efficacy. Ozonation, which
is another popular disinfection technology, is gaining traction in the market,
due to its effectiveness in the food packaging industry. Due to these factors,
the market for the technology segment of food & beverage disinfection
market accounted for a larger share.
The Asia
Pacific region is projected to be the fastest-growing market. The application
of disinfection equipment is estimated to increase at a high rate, due to the
increasing food safety concerns. The rapid growth of the food processing sector
in this region is expected to result in the increase in the number of food
processing units, which is further projected to boost the demand for food &
beverage disinfection equipment and chemicals.
