The food and beverage industry is changing rapidly. The industry leaders and innovators are trying their best to keep up with the driving change towards a more sustainable and healthier future of the food industry. Driven by the recent consumer demand for health and wellness, the sector leaders are seeking more food processing choices to extend the shelf life of the product and offer a broader diversity of food. In an era of frozen foods, convenience foods, consuming a variety of healthy food is mandatory for the millennials, thereby escalating the food deaerators market. They are majorly used to support huge industrial boilers such as steam trap, pressure vessel, heat exchanger, and steam boiler to enhance the quality of the food, extend the shelf life, and reduce side-effects of high-dissolved oxygen in beverages. Growing capital expenditure in the beverage industry due to increasing disposable income and several government initiatives and investments in the food processing industry are expected to create profitable growth opportunities for the food deaerator market players.
As of 2018, the global Food Deaerator Market collected a revenue avenue of around $264.1 million, which is expected to witness escalation at a CAGR of 5.33%. The report details food deaerator market size by type and market size by applications, food deaerator market share by top 5 companies and also the market share by startups.
Food Deaerator Market Analysis: Key Application
Food deaerators can be used for water heating, aroma and flavor retention, and other functions in food processing. However, the major application of a food deaerator can be observed during oxygen removal from food and beverages. By reducing the level of several gases, mainly oxygen and enhancing the thermal efficiency of the boiler by increasing the water temperature, it supports the extension of the shelf-life of the product. Nearly one-third of the food produced every year amounting to roughly $680 billion (approximately 1.3 billion tons) gets either wasted or lost. However, with this process, the food can be consumed several days later, and the wastage will be controlled. Also, when fruit juices are processed, the entrapped oxygen can be harmful. Through this process, the flavors are enriched improving the quality of the juice. The prices for nonalcoholic drinks and juices witnessed increment by 2.88% from 2018 to 2019. This rate indicates significant inflation in the juice market, creating an upsurge in the oxygen removal process by food deaerators. The notable application of food deaerators in the process of oxygen removal is projected to grow at a CAGR of 2.4% during the forecast period 2019-2025.
APAC Food Deaerator Market Overview:
In 2018, APAC held the largest food deaerator market share with around 38.8% amidst the global market. The food and beverage industry in Indonesia is expected to play an important role in making the South East Asian nations the fourth-largest global economy by the year 2050. This will be achieved by the technological initiatives and innovations the country is involving into including food deaerators. The country’s population in 2017 made an expenditure of around 49.1% enhancing the country’s GDP by 5.17% in 2018. These array of figures evinces the growth of the food and beverage industry in the country, therefore, contributing to the expansion of the food deaerator market. Also, the Asia Pacific alcoholic beverages market is boosting the APAC food deaerators market. It estimated at around $562 million in 2018 and is expected to grow at a CAGR of 2.9% during the forecast period of 2019-2025. The authentic Chinese baijiu is consumed worldwide at a rate of 4 billion liters per year. Moreover, Chinese distillers are trying to transform it as new tequila for Americans and Europeans. On the other hand, the per capita consumption of alcohol accounted was 5.7 liters in 2016. The emergence of the online channel, Japanese gin, and premiumization of alcohols across the APAC is driving the food deaerators market of the region, as deaerators are extensively used in alcoholic beverage preparation.
Food Deaerators Market Trends & Growth Drivers:
The rapid urbanization across the world coupled with transparency from the vendor to the consumers has changed the outlook of the food and beverage industry. Also, digitalization and changing dietary habits are creating a positive disruption in the sector. These have led to the emergence of frozen food, convenience food, baby food, and others. These extensively deploy the usage of deaerators for oxygen removal, water heating, quality enhancement, shelf-life extension, and others. Here are the growth drivers contributing to the flourishment of the global food deaerators market –
The global frozen food market in 2018 was evaluated between $225 billion to $228 billion, which is expected to grow at a CAGR of 3.5%-5% during the forecast period. Recent trends in technology have introduced cryogenic freezing which prevents the addition of any artificial preservatives while maintaining negligible growth of microorganisms at the same time. This frozen food processing involves the deployment of food deaerators, thereby spurring the food deaerators market in the upcoming years.
The increased female participation in the workforce, more use of household technologies, and rising consumer income are boosting the growth of the convenience food retail market, which is expected to surpass a revenue avenue of $1,128.6 billion by 2025, growing at a CAGR of 4.49% during the forecast period 2018–2025. While this market will boost, it will create an impact on the food deaerators market share, as this complete meal or ready to eat food processing depends on deaerators for extended shelf life and good quality. Thus, the food deaerators market players will also witness impeccable opportunities in the upcoming years.
The baby food is processed through the deaerators for maintaining the shelf life of the product, without the usage of any preservatives. The prices for baby food are 6.26% higher in 2019 than 2017. This inflation is also going to continue in the upcoming years. Therefore, the baby food manufacturing sector will contribute to the growth of the food deaerators market.
Food Deaerators Market: Competitive Landscape
The principal business leaders who are currently holding maximum food deaerators market shares in the world and are focusing on the expansion of their manufacturing capacity to gain an edge over other market players are GEA Group AG, JBT Corporation, Alfa Laval AB, SPX FLOW, Stork Thermeq B.V., Parker Boiler Co., INDECK Power Equipment Company, Cornell Machine Co., Fulton Thermal Corporation, Inc., Jaygo, Incorporated, and others.
Talk to one of our sales representative about the full report by providing your details in the link below:
a)Food Safety Testing Market
b) Fresh Food Packaging Market
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to firstname.lastname@example.org to discuss more about our consulting services.