Food Disinfection Market Competitive Analysis with Growth Forecast Till 2025
by Mit K. SEOThe global food
disinfection market size is estimated to be valued USD 12.2 billion in
2020 and is expected to reach a value of USD 14.9 billion by 2025, growing at a
CAGR of 4.1% during the forecast period. Factors such as an increase in instances
of foodborne diseases and outbreaks, rise in awareness about food safety among
consumers, and increase in demand for environment-friendly solutions, is
driving to the growth of the food disinfection market.
Key Players in the
Market:
• Solvay (Belgium)
• Neogen
Corporation (US)
• Evonik
Industries (Germany)
• Ecolab
(US)
• BASF SE
(Germany)
• Diversey,
Inc (US)
• Kersia
Group (France)
• Thatcher
Company (US)
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COVID-19 Impact on
the Food disinfection Market:
Due to the pandemic, food & beverage producers have
become concerned about the need for preventing viral infections among
consumers. Viral infections have a negative impact on the growth, gut health,
performance of an individual. Food & beverage disinfection nutrition aids
in preventing the chances of a viral infection and improving the overall health
and immune response in case of a viral infection in an individual. The food
& beverage disinfection chemicals such as hydrogen peroxide, chlorine
compounds, quaternary ammonium compounds, carboxylic acid, alcohols, and other
chemicals play an important role as an alternative to technologies used in food
& beverage products, which aids in supporting and sanitizing the
application areas in food & beverage processing and packaging industries.
These disinfecting chemicals & technologies used in food & beverage
processing play an important role in enhancing the shelf life of the products.
Thus, the pandemic would positively impact the overall growth of the food
disinfection market size, as the release of lockdown in various regions has
increased the consumption of high-quality food & beverage products, which
in turn, boosts the market globally.
Market Dynamics:
Drivers
• Increase
in instances of foodborne diseases and outbreaks
• Increase
in demand for environment-friendly solutions
• Rise in
awareness about food safety among consumers
Restraints
• Rise in
demand for minimally processed food products
• Maintaining
proper process control
• Exposure
of the eyes to concentrations of 5% or more of hydrogen peroxide could result
in permanent loss of vision
Opportunities
• Packaging
and shelf-life enhancement for processed food
Challenges
• Stringent
government regulations
• Increase
in raw material prices and operating cost
Asia Pacific is
estimated to hold the largest market share during the forecast period
Asia Pacific accounted for the largest share during the
forecast period due to the growing demand for meat and meat products in
developing and developing countries such as China, India, and South Korea. The
USDA is of the view that factors such as increasing disposable income, increase
in population, and rapid urbanization have significantly aided in the growth of
the market in this region. With the westernization of diets in the various
countries in Asia Pacific, the demand for better quality meat has been growing
which calls for the need to improve the overall health and productivity of
livestock species which further drives the growth of the food disinfection
market.
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The non-alcoholic subsegment
of beverage processing by end use, of the food disinfection market is projected
to account for the largest share
By beverage processing, the non-alcoholic subsegment accounted
for the largest share in 2019. Non-alcoholic beverages include bottled water,
tea, coffee, fruit juices, and carbonated drinks. The presence of a high amount
of sugar due to the incorporation of sugar syrups in carbonated drinks and
fruit juices has prompted non-alcoholic beverage manufacturers to incorporate
green and eco-friendly chemicals that are specially manufactured for sugar
syrup disinfection, which is expected to result in high demand for beverage
disinfection chemicals.
Hydrogen peroxide and
peracetic acid, by chemical type, is estimated to hold the largest share in the
food disinfection market during the forecast period
The hydrogen peroxide and peracetic acid segment accounts
for the largest share and is also projected to grow at the fastest rate during
the forecast period. Hydrogen peroxide is the most commonly used disinfectant
in the food industry. It is characterized by its economical nature as compared
to alcohols. Along with disinfection of the food processing equipment, hydrogen
peroxide as a disinfectant also has its application in packaging materials that
have direct contact with the food.
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Created on Jun 7th 2021 08:53. Viewed 188 times.