Food Industry Pulsed Electric Field (PEF) Systems Market to increase by USD 333.04 million during 2022-2027; Increased need for food sterilization to drive the growth - Technavio

NEW YORK, Oct. 26, 2023 /PRNewswire/ -- The food industry pulsed electric field (PEF) systems market size is expected to grow by USD 333.04 million between 2022 and 2027. However, the growth momentum of the market will decelerate at a CAGR of 28.19% during the forecast period. The market is segmented by Application (Liquid food and Solid food), Type (30-50 kV/cm and 10-30 kV/cm), and Geography (Europe, North America, APAC, South America, and Middle East and Africa).  The increased need for food sterilization drives market growth. Sterilization is a crucial process for food products to ensure they are suitable for human consumption. Furthermore, the need for environmentally friendly food processing practices and the growing preference for fresh foods drive the development of innovative technologies in food processing. It also helps in increasing the shelf life of food products.

Thus, PEF processing is an effective method for the proper sterilization of food products. The PEF system helps in the removal of microorganisms such as vegetative bacteria, molds, yeasts, and others. Additionally, given the rise in demand for safe food products, many players in the food processing segment are expected to invest in PEF systems, which will propel the demand for PEF systems for food processing during the forecast period. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View a PDF Sample 

Key Highlights:

• The report recognizes the following as some of the key players in the food industry pulsed electric field (PEF) systems market: Diversified Technologies Inc., Elea, Energy Pulse Systems, Food Physics LLC, Gungunwala Food Equipment Pvt. Ltd., Heat and Control Inc., KayDee Solutions, PEF Technologies B.V., and ScandiNova Systems AB
• Food Industry Pulsed Electric Field (PEF) Systems Market is concentrated in nature.
• Market to observe 32.13% YOY growth in 2023.

Market Dynamics:

Trend

• The adoption of PEF systems as an alternative to thermal pasteurization is an emerging trend in the market. 
• A high-voltage PEF system is an effective alternative for thermal pasteurization and  PEF is a non-thermal process of food preservation.
• PEF helps preserve the natural quality of food and beverage products.

Challenge

• The high initial cost of setting up PEF systems challenges the market growth. 
• The installation of an industrial-scale PEF system is more expensive compared to the installation of a commercial-scale PEF system.
• Furthermore, the average lifetime of a high-pulse voltage generator used in a PEF system is around five years with a capability of 20 hours per day of operation.

The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report

Key Segments:

Based on application, the liquid food segment will be significant during the forecast period. The PEF processing of liquid food helps preserve the sensory characteristics of the food and also helps preserve freshness, retain color, and thus, extend the shelf life of liquid food.  Get a glance at the market contribution of the segments, Request a Sample

Related Reports:

The safety instrumented systems (SIS) market share in the chemicals and petrochemicals industry is expected to increase by USD 635.73 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.62%.

The electric and hybrid aircraft propulsion system market size is expected to increase to USD 12.1 million from 2021 to 2026, at a CAGR of 5.03%.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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