High-pressure Processing (HPP) Equipment Market to grow by USD 334.17 million from 2022 to 2027 | The growing need to reduce contamination of food products drives the market - Technavio
NEW YORK, Aug. 30, 2023 /PRNewswire/ -- The high-pressure processing (HPP) equipment market size is estimated to grow by USD 334.17 million from 2022 to 2027, according to Technavio. The growth momentum will progress at a CAGR of 12.54% during the forecast period. The growing need to reduce contamination of food products is driving market growth. Contamination of food can happen at any point during production, shipping, and processing. Due to cross-contamination, pathogens can enter the food during processing and preparation. Also, improper holding of temperatures can create conditions that promote the growth of pathogens. Therefore, food contamination is a significant public health problem encountered by many countries. In addition, the growing need to lower food contamination may encourage food processing companies to implement high-pressure processing. Thus, the rising need to lower food contamination may drive the growth of the high-pressure processing equipment market during the forecast period. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report
High-pressure Processing (HPP) Equipment Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on type (Horizontal HPP equipment and Vertical HPP equipment), application (Fruits and vegetables, Meat products, Beverages, Seafood, and Others), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
- The horizontal HPP segment will account for a significant share of market growth during the forecast period. Vessels of high-pressure processing equipment are placed in a horizontal position with openings at both ends in horizontal high-pressure processing equipment design. When compared to vertical high-pressure processing equipment, these deliver the benefits of easy reassembling and installation and more throughput capacity. In addition, the equipment is lightweight and easy to transport and install. New product launches are expected, which are likely to augment the growth of the horizontal high-pressure processing equipment segment during the forecast period.
Geography Overview
By geography, the global high-pressure processing (HPP) equipment market is segmented into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global high-pressure processing (HPP) equipment market.
- North America is estimated to account for 47% of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. In North America, various food processing companies use high-pressure processing technology to process food, which is driving the growth of the market. To meet the demand for processed food, some companies are expanding their production capacities. However, regulatory bodies in the region, such as the Food and Drug Administration (FDA) and the Food Safety and Inspection Service (FSIS), have authorized the use of high-pressure processing technology for food processing. Such factors will boost the growth of the market in the region during the forecast period.
Insights on the market contribution of various segments, including country and region wise historic data (2017 to 2021) and forecast market size (2023 to 2027) - Download a Sample Report
High-pressure Processing (HPP) Equipment Market – Market Dynamics
Leading trends influencing the market - The growing inclination for clean-label products among consumers is an emerging trend shaping market growth.
Major challenges hindering the market growth - High capital investment and operating costs are challenging HPP equipment market growth.
Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021) and forecast period(2023 to 2027)- Request a sample report!
What are the key data covered in this High-pressure Processing (HPP) Equipment Market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the high-pressure processing (HPP) equipment market between 2023 and 2027
- Precise estimation of the high-pressure processing (HPP) equipment market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behaviour
- Growth of the high-pressure processing (HPP) equipment market across North America, Europe, APAC, South America, and the Middle East and Africa
- A thorough analysis of the market's competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of high-pressure processing (HPP) equipment market companies
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High-pressure Processing (HPP) Equipment Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 12.54% |
Market growth 2023-2027 |
USD 334.17 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
12.24 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 47% |
Key countries |
US, Canada, China, Spain, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
American Pasteurization Co., APAPROCESSING BZ SL, Archer Daniels Midland Co., Bao Tou KeFa High Pressure Technology Co. Ltd., Cargill Inc., EPSI International, EXDIN Solutions Sp. zoo, FresherTech, Hiperbaric S.A., Hormel Foods Corp., Hydrolock, John Bean Technologies Corp., Kobe Steel Ltd., Lineage Logistics Holdings LLC, MULTIVAC Sepp Haggenmuller SE and Co. KG, Shandong Pengneng Machinery Technology Co. Ltd., Stansted Fluid Power (Products) Ltd., thyssenkrupp AG, Universal Pure LLC, and Goma Engineering Pvt. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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 across 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.
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Technavio Research
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
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