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The increasing propensity of the people towards healthy and quality food products is considered to be the prominent factor augmenting the aseptic processing market size. Over the recent past years, with the growing health concerns among the people, the healthy foods have evolved from passing fad to mainstream movement, portraying a consumer lifestyle that is more about conscious consumption. In order to promote good health and sustain life, people are obliged to eat safe and hygienic food. The intake of contaminated food and beverages such as dairy, meat, wines, alcohols, and juices, to name a few, due to the presence of harmful bacteria, parasites, or chemicals, can cause numerous diseases, ranging from diarrhea to cancer. As a result of the consumption of contaminated food, around 600 million people suffer from illnesses and 420, 000 die every year. The aforementioned figures are an attenuated representation of the worldwide prevalence of foodborne diseases. 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 the 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 procedures that make sure that food manufacturers adopt advanced solutions, such as aseptic processing, that prevents food contamination during the production process and thereby extend the shelf-life of the food products. Aseptic processing is a bio-contamination control technique wherein food products that are sterilized by thermal sterilization process are stored in aseptic tanks or containers and then packed into sterilized cans or hermetically sealed packages. Therefore, the food manufacturers are increasingly adopting aseptic processing technology to prevent contamination and enhance the shelf life of food products. Thus, the growing preference for quality food products and increasing inclination of manufacturers toward aseptic processing are expected to fuel the growth of the aseptic processing market size.
The Aseptic Processing Market share was valued at $11 billion in 2018. Furthermore, the increasing demand for healthy foods is projected to propel the growth of the market at a standard CAGR of 3.7% during the forecast period 2019-2025.
Aseptic Processing Market Gaining Demand Influx with the Growing Demand for Sterile Drug Product in the Pharmaceutical Industry—
In the pharmaceutical industry, drugs that are delivered through mouth, eyes, ears and other parenteral ways, increases the risk of infection as they avoid many of the defenses of the body. So, in order to ensure the safety of the patient, it is requisite that the drug products taken through the aforementioned ways are to be supplied as sterile products. Aseptic processing, owing to its efficiency, is considered to be an eminent method for manufacturing a sterile drug product. Therefore, the rise in demand for pharmaceuticals is considered to propel the demand for aseptic processing technique. The increasing need for pharmaceuticals supplies are evident with the fact that the global trade valued of pharmaceuticals products was around $617 billion in 2018 with an annual growth of 11% from 2017 to 2018. Therefore, the burgeoning pharmaceutical industry is significantly contributing to the growth of the aseptic processing market.
Alarming Food Safety Crisis in Asia Pacific Region Providing Promising Prospects for the Growth of the Aseptic Processing Market—
On the basis of region, Asia Pacific is considered to capture the maximum aseptic processing market share during the forecast period and was responsible for 39% of the total revenues generated in 2018. This is mostly attributable to the increasing adoption of aseptic processing of food in the developing countries of the region in order to slim down food wastage. Over 40% of the vegetables and fruits and up to 30% of the grains produced in Asia-Pacific region are lost. Most of the food wasted is due to the contamination by harmful bacteria, fungi or chemical substances in the supply chain process from farm to fork. This, in turn, led to the increasing adoption of aseptic processing technology to prevent contamination and improve the shelf-life of the food products. Therefore, the high emphasis on food contamination positively stimulated the growth of the aseptic processing market in this region. Moreover, the dominance of this regional market is further attributable to the propitious growth of the food processing industry in developing economies such as China, India, Indonesia, and Thailand. On the back of rapid urbanization and industrialization, there is an increasing propensity towards the consumption of processed and convenience food in this region. In China, the food processing market size increased by 6.3% from 2016 to 2017 and attained $1.47 trillion. Whereas, in India, the food processing market was valued at $322 billion in 2016 and expected to reach $543 billion by 2020, with a CAGR of 14.6%. The increasing consumption of the above-specified food products has created both opportunities and challenges for food safety in the food processing industry. This, in turn, resulted in the adoption of cutting edge processing technologies such as aseptic processing to ensure food safety by food processing industries. Therefore, the booming food processing industry is considered to be one of the prime factors for the growth of the regional aseptic processing market.
Food and Beverage Emerges as the Key application Segment in the Aseptic Processing Market—
On the basis of application, the aseptic processing market is bifurcated into food and beverages, pharmaceuticals, and others. Among these, food and beverages is considered to be the key application segment that is poised to propel at the highest growth rate during the forecast period. This is due to incessantly increasing demand for food and beverage packaging as it provides protection for the product and offers extended shelf life. The increasing population across the world is eventually creating a major gap in the food supply and demand. Due to the growing food supply-demand gap, the food manufacturers are on a quest to preserve the quality of the food products until it reaches the consumer by adopting innovative technologies such as aseptic processing. Therefore, the burgeoning food and beverage industry across the world is considered to provide a stupendous contribution to the growth of the aseptic processing market. Therefore, the key application segment is poised to propel at a CAGR of 4.6% through to 2025.
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Aseptic Processing Market Companies’ Strategies—
Major companies that are striving to capture the most of the global aseptic processing market share are Robert Bosch GmbH, E.I. Du Pont De Nemours and Co, Tetra Laval International S.A., SPX FLOW, Inc., IMA S.p.A, Becton Dickinson and Co, Amcor Limited, GEA Group, Greatview Aseptic Packaging Co., Ltd, and JBT Corporation. These companies are continuously planning to deploy business strategies such as mergers, acquisitions, collaborations, partnerships, and new product innovations, in order to build their brand name in the global market and reach worldwide customers.
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