Food & Beverage Sterilizing Agent Market- by Product type (Peracetic acid, Hydrogen peroxide), by Application (Meat & poultry, Dairy ingredients, Cereals & pulses, Dried fruits & vegetables, Beverages)- Global Industry Perspective Comprehensive Analysis and Forecast, 2020 - 2026

According to the report, global demand for Food & Beverage Sterilizing Agent market was valued at approximately USD 390.1 million in 2019, and is expected to generate revenue of around USD 552.6 million by end of 2026, growing at a CAGR of around 5.1 % between 2020 and 2026.

17-Sep-2020 | Number of pages: 110 | Report Code: ZMR-4225 | Report Format : | Status : Published

Abstract

According to the report, global demand for Food & Beverage Sterilizing Agent market was valued at approximately USD 390.1 million in 2019, and is expected to generate revenue of around USD 552.6 million by end of 2026, growing at a CAGR of around 5.1 % between 2020 and 2026.

Global Food & Beverage Sterilizing Agent Market: Overview

Food & beverage sterilizing agents are applied in food products to protect from getting contaminated due to microorganisms. Hydrogen peroxide is the most preferable sterilant in the food processing sector as it has the ability to act as oxidizing as well as a sterilizing agent in the food & beverages.

Global Food & Beverage Sterilizing Agent Market: Growth Factors

Thriving food & beverages sector coupled with altering customer life patterns will propel the growth of the market in the coming years. The rise in the online retail stores, as well as supermarkets, will further contribute toward the food & beverage sterilizing agent market size. Apart from this, improvement in the living standards will drive the expansion of the business across the globe. Furthermore, health concerns & rise in the health awareness among both young & old persons has propelled the consumption of ready-to-eat diet, thereby carving a profitable roadmap for the food & beverage sterilizing agent industry. Nevertheless, the introduction of strict laws by the government in the food sector along with the hazardous impact of the intake of hydrogen peroxide on the human health will dismantle the growth of food & beverage sterilizing agent market.

Global Food & Beverage Sterilizing Agent Market: Segmentation

The food & beverage sterilizing agent market can be classified as into product type and application. Product type wise, the industry is sectored into peracetic acid and hydrogen peroxide. Application wise, the food & beverage sterilizing agent market is divided into meat & poultry, dairy ingredients, cereals & pulses, dried fruits & vegetables, and beverages.

Global Food & Beverage Sterilizing Agent Market: Regional Analysis

Based on the region, the food & beverage sterilizing agent market can be divided into five main regions: Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa. North America is likely to dominate the overall food & beverage sterilizing agent industry, owing to the thriving food sector. In addition to this, the growing intake of ready-to-eat diet as a result of a hectic lifestyle will impel the market size in the region. Furthermore, the rise in the purchasing capacity of the customers along with the health & hygiene issues will catapult the scope of the business in the region. Nonetheless, flourishing tourism & catering sector in the country such as the U.S. will provide high growth prospects to the regional market.

The European market is projected to witness a noteworthy expansion over the foreseeable future, owing to the huge presence of various kinds of food retail outlets in the region. Again, consumers in Europe prefer premium packaged food products and this will push the growth of food & beverage sterilizing agent market in the region.

Global Food & Beverage Sterilizing Agent Market: Competitive Players

Few of the main participants in food & beverage sterilizing agent market are Mitsubishi, Arkema, Hansol Chemical, Solvay, Steris, Evonik Industries, Peroxy Chem, OCI Company Ltd., and Taekwang Industry Company Ltd.

Global Food & Beverage Sterilizing Agent Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

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  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
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