In its recently published report, ESOMAR-certified Future
Market Insights concludes that the global food
& beverage disinfection market is poised to reach new heights,
impelled by the increasing demand for clean and processed foods.
In its detailed report, FMI summarizes how growth is likely
to unfold for the 2020-2030 forecast decade based on several parameters. It
acknowledges that the worldwide burden of food related diseases is rising
exponentially. The World Health Organization estimates this burden to the tune
of 10% of the global population.
Therefore, governments have tightened legal restrictions
concerning food processing and distribution to ensure that proper quality and
edible food is accessible to all sections of the society. In this light, the
scope for food and beverage disinfectants is widening immensely.
Key Takeaways
- By
product type, chlorine compounds segment is likely to gather maximum
momentum
- Ozonation
to be the most widely used food disinfection technology from 2020-2030
- Food
processing equipment disinfectants to be impelled due to rising demand for
processed foods
- Asia-Pacific
to emerge as a revenue hotspot, with India & China pivoting market
growth
- By
end-use, food industries to make extensive usage of disinfectants
“Prominent players are penetrating non-traditional
markets across the Middle East & Latin America, attributed to surging cases
of food-ingested infections, thus broadening growth prospects,” says the FMI
analyst.
COVID-19 Impact Insights
The novel coronavirus pandemic has drastically impacted the
global economy, with all countries hurtling towards a major recession.
Government imposed shutdowns have impacted production cycles across several
industries, causing revenue pools to become shallow and profit margins to
narrow.
At the same time, several industries such as the food &
beverage disinfection market are expected to register substantial growth.
Worldwide, there has been a spike in demand for clean-label foods, due to the
apprehension among consumers about the possibility of the virus being
transmitted through unclean food packets.
A minor downswing was observed during the pandemic’s first
wave, attributed to tough lockdowns to prevent the virus’s spread. Eventually,
flattening of the infection curve prompted governments to ease the
restrictions, thus restoring earlier growth projections. Thus, a V-shaped curve
is anticipated to prevail until the short-term forecast period.
Competitive Landscape
The global food & beverage disinfection market is
dominated by the following players: Advanced UV Inc., CCL Pentasol, Evonik
Industries AG, Solvay SA, Stepan Company, Entaco NV, Fink Tec GmbH, Halma PLC,
Trojan Technologies, Suez, Xylem Inc., Evoqua Water Technologies and Entaco
N.V.
The aforementioned players have a significant presence
within the global landscape. To consolidate their presence, these players have
invested in expanding their product portfolio by offering industry-specific
product customizations, strategic collaborations with competing players or
agencies and research & development.
Furthermore, these players are also emphasizing on
strengthening regional distribution frameworks so as to better penetrate
untapped markets. They do so by establishing robust supply chain links and
expansion of their production facilities.
More Insights on the Food & Beverage Disinfection
Market
Key Segments
Application
- Surface
- Packaging
- Processing
Equipment
End Use
- Food
- Beverages
Region
- North
America (U.S & Canada)
- Latin
America (Brazil, Mexico, Argentina, Chile, Peru & Rest of Latin
America)
- Europe
(Germany, U.K, France, Spain, Italy, BENELUX, Russia & Rest of
Europe)
- Middle
East & Africa (GCC, South Africa, Turkey, Iran, Israel & Rest of
MEA)
- East
Asia (China, Japan & South Korea)
- South
Asia (India, Thailand, Malaysia, Indonesia, Singapore & Rest of South
Asia)
- Oceania
(Australia & New Zealand)
Read Full Report: https://www.futuremarketinsights.com/reports/food-and-beverage-disinfection-market