Food and Beverage Disinfection Market demand poised to increment at a steady CAGR of 4% during the forecast period – iCrowdNewswire
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Sep 13, 2019 11:40 AM ET

Food and Beverage Disinfection Market demand poised to increment at a steady CAGR of 4% during the forecast period


Food and Beverage Disinfection Market demand poised to increment at a steady CAGR of 4% during the forecast period

iCrowd Newswire - Sep 13, 2019

Access to ample amounts of safe and hygienic food is paramount to sustain life and promote good health. Food and beverage products such as meat, vegetables, confectionery products, and non-alcoholic and alcoholic beverages, contaminated by harmful bacteria, viruses, parasites or chemical substances, causes more than 200 diseases, ranging from diarrhea to cancer. According to the World Health Organization (WHO), around 600 million people suffer from illnesses resulting from the consumption of contaminated food and 420,000 die every year. Thus, the growing instances of foodborne disease outbreaks are inciting the dire need for food safety and quality, thereby fuelling the growth of the food and beverage disinfection market. Moreover, foodborne disease outbreaks hinder economic progress and social development by upheaving healthcare expenditures and impairing trade and tourism activities. On the back of urbanization, the paradigm shift in eating habits, and increased traveling time, the number of people buying and eating food prepared in public places is on rise. Additionally, the increasing food demand ensued by increasing global population has created both opportunities and challenges for food safety. In the past recent years, a series of foodborne illness outbreaks took place across the world. For instance, Salmonella and Hepatitis A outbreak in 2016, and Escherichia Coli outbreak in 2015, in the USA, caused a significant number of individual illnesses. The increasing number of foodborne illness outbreaks has instigated the governments to make food safety a public health priority by crafting and deploying effective food safety systems that make sure that people involved in the whole food chain from farm to fork act responsibly and supply safe food to consumers. Food Safety and Standards Authority of India, Food and Drug Administration in the USA, and State Food and Drug Administration in China are some of the regulatory bodies across the world that enforce the food producers and suppliers to adopt significant disinfection methods by deploying food safety regulations. This, in turn, is catapulting thefood and beverage disinfection marketgrowth.

The global food and beverage disinfection market value was evaluated at $155 million in 2018 and with the growing emphasis on food safety, the demand in the market is poised to increment at a steady CAGR of 4% during the forecast period 2019-2025. The report covers Food and Beverage Disinfection Market size by methods and applications, Food and Beverage Disinfection Market share by top 5 companies and also the market share by start-ups during the forecast period.

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Food Processing Sector Providing promising prospects for the growth of Food and Beverage Disinfection Market—

On the basis of application, the food and beverage disinfection market is bifurcated into food packaging, food processing, and food surfaces. Among these, food processing accounted for the major share in the market. This is attributable to the fact that food processing equipment secured an eminent role in the food manufacturing unit. As food processing equipment comes in direct contact with the food, it becomes essential for food manufacturers to implement sophisticated and next generation disinfection and sanitation technologies to maintain the cleanliness and hygiene of these equipment and ensure high quality and safety of processed food products. Moreover, the increasing purchasing power due to economic growth, on the back of industrialization, especially in emerging countries such as India and China has led to a rise in consumption of convenience and processed foods, which consequently upheaved the growth of the food processing equipment industry. The rise in demand for processing equipment is positively impacting the growth of the disinfection market. Thus, the key application segment is poised to propel at a CAGR of 4.5% through to 2025.

Food and Beverage Disinfection Market Leveraging Increasing Food Safety Concerns in North America—

Geographically, North America is projected to be the fastest-growing marketplace during the forecast period and was responsible for 42% of the total revenues generated in 2018. The significant revenue growth in this region is attributed to the increasing food safety concerns. The outbreak of several foodborne diseases such as Escherichia coli, Botulism, Campylobacter, Listeriosis, and Salmonella, consequently affected millions of Americans annually. For instance, according to the statistics by Centers for Disease Control and Prevention (CDC), 14,259 illnesses, 875 hospitalizations, 17 deaths, and 18 food recalls were surfaced as a result of 839 foodborne disease outbreaks, in 2016, in the USA. The widespread foodborne diseases in conjunction with the festering consequences sparked the government bodies such as Food and Drug Administration (FDA), Food Safety and Inspection Service (FSIS), to focus on the production and distribution of food, making sure all food distributed to retail stores, restaurants, and consumers is safe, without contamination from food-borne illness. Some of the recent laws and regulations concerning food safety that are implemented after the aftermath of the accounts of the lack of food quality in this region are Public Health Security and Bioterrorism Preparedness and Response Act, Sanitary Food Transportation Act, Food Safety Modernization Act, and Agriculture Marketing Act, to name a few. Thus, stringent food safety regulations are considered to be the primary factor for the increase in adoption of disinfection equipment in this region. Moreover, technological advancements such as UV disinfection system, steam sterilization, and ozonation are provide promising prospects for the growth of the regional food disinfection market.

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Food and Beverage Disinfection Market Company’s Strategies—

Major companies that are striving to showcase their presence in the global food and beverage disinfection market are Evonik Resource Efficiency GmbH, Neogen Corporation, Solvay, Stephan Company, Fink Tec GmbH, Evoqua Water Technologies LLC, Halma Plc, Trojan Technologies, SUEZ Water Technologies and Solution, and UV-Guard Australia Pty. Ltd. These companies are consistently adopting various strategies such as acquisitions, mergers, partnerships, and new product launches, to build their brand name and thereby stay ahead of the curve in the market.

In Aug 2018, Neogen Corporation announced that it has acquired Clarus Labs, Inc. the acquisition includes microbiology testing technology called Colitag™ water test, which detects coliform bacteria and E. coli in water. This advanced technology is acquired to gain substantial opportunity in global markets as it is a practical safety solution for food and beverage customers across the world.

Solvay, an advanced materials and specialty chemicals company is playing a major role in the growth of the food and beverage disinfection market. It is continuously involved in the development of a wide range of peroxide solutions for the food processing industry to ensure a safe, hygienic, and sterile environment during producing and packaging the food products. Some of the recently developed products include INTEROX AG Bath, INTEROX AG Spray, and PROXITANE. The new product innovations are intended to entice a huge customer base and thereby stay ahead of its competitors.

In May 2019, Evoqua Water Technologies LLC, provider of water treatment solutions has acquired ATG UV Technology Ltd. a prominent manufacturer of ultraviolet light disinfection systems. This acquisition expands the Evoqua’s service of UV disinfection technology to municipal, marine, food and beverage, aquatics and aquaculture markets, and aid the company to reach global customers.

Related Reports:

a) Antiseptics and Disinfectants Market

https://www.industryarc.com/Report/15601/antiseptics-disinfectants-market.html

b) Surface Disinfectant Market

https://www.industryarc.com/Report/16279/surface-disinfectant-market.html

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Press Release Distributed by The Express Wire

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