(I-BusinessNews.Com, May 05, 2021 ) High Pressure Processing Market size is projected to reach $766.6 million by 2026, growing at a CAGR of 11.2% during the forecast period 2021-2026. The high pressure processing technology is a type of freeze pasteurization in which food products are introduced into a container that undergoes a level close to the maximum equilibrium. High pressure processing technology is mostly used for preserving and sterilizing the food products to inactivate certain microorganisms and enzymes. This technology is a natural and environmentally viable process that helps in maintaining the nutrients and flavor of the food being processed. Increase in the demand for innovative technologies in processed foods, growing demand for pascalization in food industry, rising awareness about the benefits associated with the consumption of hygienic foods, growing demand for packaged foods and increase in the demand for long shelf life foods are the factors that are set to drive the growth of the High Pressure Processing Market for the period 2021-2026.
High Pressure Processing Market Segment Analysis - By Orientation
The High Pressure Processing Market based on the Orientation can be further segmented into the Horizontal and Vertical. The Horizontal segment held the largest share in 2020 and is also estimated to be the fastest growing segment with a CAGR of 11.7% over the period 2021-2026. This growth is owing to its large-scale application in meat, fruits & vegetables, and beverages. Horizontal pascalization technology is easy to assemble and disassemble, install, and it also ensures more throughput, which is driving the growth of the High Pressure Processing Market. The Vertical segment held the second largest share in 2020 owing to the factors such as growing applications of vertical high pressure processing in seafood and beverages and increase in the investment by the key players.
High Pressure Processing Market Segment Analysis - By Vessel Volume
The High Pressure Processing Market based on the Vessel Volume can be further segmented into Less Than 100L, 100L – 250L, 251L – 500L, and More Than 500L. 100L – 250L segment held the largest share in 2020 owing to its cost effectiveness. The manufacturers operating on a medium scale are increasingly adopting this volume as it is affordable, which is driving the growth of the High Pressure Processing Market. The Less Than 100L segment is estimated to be the fastest growing segment with a CAGR of 12.3% over the period 2021-2026. This growth is owing to the factors such as it increases the efficiency and reduces the manpower. The growing adaption from small manufacturing companies is further propelling the growth of the market.
High Pressure Processing Market Segment Analysis - By Geography
The High Pressure Processing Market based on the Geography can be further segmented into North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World (Middle East and Africa). North America held the largest share with 32% of the overall market in 2020. The growth in this segment is owing to the factors such as growing adoption of novel food processing technologies in the region, increase in the demand for pascalization in food industry for preserving and sterilizing the food products and rising demand for processed foods among the working population. The presence of key players in the region is driving the growth of the High Pressure Processing Market. Asia-Pacific is estimated to be the fastest growing segment over the period 2021-2026. The growth in this segment is owing to the increase in the demand for ready meals, growing investments by the key players to develop innovative processing technologies and increase in the shift of consumer lifestyle towards faster eating habits.
There is a rapid increase in the demand for packaged foods owing to the growing demand for ready meals. This increase in the demand for packaged foods has propelled the demand for high pressure processing technology for preserving and sterilizing the food products to inactivate certain microorganisms and enzymes, which is driving the growth of the High Pressure Processing Market.
Technological Advancements in Food Processing
The key players are focusing on developing innovative technologies in food processing industry to improve the shelf life and to retain the nutritional properties of the processed foods. This growing focus on innovative technologies is propelling the demand for high pressure processing technology or pascalization as it retains the nutritional properties by preserving the food from food-borne diseases and also efficiently inactivates the vegetative microorganisms.
High Pressure Processing Market Challenges
High Cost Equipment
The growing demand for innovative technologies to retain the nutritional characteristics have propelled the demand for pascalization technology. However, the high cost of high pressure processing equipment is making very difficult for the small and medium manufacturing companies install such an expensive equipment into their factories, which is one of the major factors that is estimated to reduce the growth of the High Pressure Processing Market.
High Pressure Processing Market Landscape:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the High Pressure Processing Market. Key companies of this market are Avure Technologies Inc, High Pressure Technology Co Ltd, Chic Freshertech, BAO TOU Kefa High Pressure Technology Co., Ltd, Beskyd Frycovice A.S., Hiperbaric Espana, Thyssenkrupp AG, Stansted Fluid Power Ltd, Multivac Sepp Haggenmüller Se & Co. Kg, Next HPP among others.
In February 2021, Thyssenkrupp AG has launched Germany's largest HPP centre in Quakenbrück to support the continued trend for minimally processed high quality foods and to put clients in a position to develop products and conduct long-term studies.
In November 2019, Hiperbaric Espana has announced the expansion of its manufacturing facilities to 30,000 square feet for high pressure processing (HPP) equipment space for future production and to become the world leader in HPP for the food industry.
In July 2019, Avure Technologies Inc has acquired new high pressure processing meat technology to help meet the greater demand for meat products and to benefit meat processors and consumers by retaining the natural appearance and texture during the high-pressure process.
Geographically, North America High Pressure Processing Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the growing demand for pascalization for preserving and sterilizing the food products.
The growing application in meat, fruits & vegetables, and beverages is driving the growth of the horizontal segment.
The high cost of high pressure processing equipment of is one of the major factors that is said to reduce the growth of the High Pressure Processing Market.
Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the High Pressure Processing Market report.
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