Food & Beverage Sterilizing Agent Market Analysis

Food & Beverage Sterilizing Agent Market Analysis

Based on product type, global food & beverage sterilizing agent market has been segmented into hydrogen peroxide, peracetic acid and others. The other segment includes glutaraldehyde, moist heat etc. Hydrogen peroxide grabs a major market share and generated revenue over USD 185 million in 2018. The product acts as an antimicrobial agent in several food products including almost all dairy products as well as a food & beverage sterilizing agent in food processing & aseptic food packaging applications. Although the use is restricted to some percentage ranging from 35% - 50% in food processing techniques.

Peracetic acid segment held a decent market share and is likely to exhibit average industry gains close to 5% CAGR by 2025. Peracetic acid provides many benefits in food processing techniques ranging from meat & poultry to cereals & pulses. The chemical compound is used to avoid food contamination by making the containers sterilized thereby, improving the shelf life of food reduce wastage. It also extended application in other food segments like beverages and spices & herbs etc.

The global food & beverage sterilizing agent market has been segmented based on application into cereals & pulses, meat & poultry, beverages, dried fruits & vegetables, dairy ingredients and others. The others segment includes spices and herbs, tea blends and seafoods segment. The maximum share in this segment is attributed to dairy ingredients which accounted for over 25% in 2018. Sterilization of dairy products especially milk is aimed to kill all the bacteria and other microorganisms present to extend the life of packaged product and to enhance its usability for a longer time at ambient atmospheric conditions. The market for dairy products is expected to rise due to rising consumer awareness towards nutritional value of dairy products supported by adoption of a healthy lifestyle.

Meat & poultry segment is the second largest accounting for over 20% of the overall market in 2018 as meat products possess a very high probability to inhibit harmful bacteria in several types of raw meat like salmonella, Escherichia coli and others. Sterilization technique can easily eliminate harmful microbial organisms in slaughterhouses that supply beef, pork, chicken and other meats.

North America is leading the global sterilizing market solely lead by its well-established food industry. Rising consumption of ready to eat food as a result of busy lifestyles is the major reason propelling food & beverage sterilizing agent market in the region. Also, increasing purchasing power of consumers together with health and hygiene concerns is triggering the market growth. In addition, surge in tourism & catering industry in U.S. will offer a promising regional growth in coming years.

Europe is the second largest market for food & beverage sterilizing agent followed by Asia Pacific. Europe also have presence of all formats of food retail outlets ranging from convenience Stores, hypermarkets & supermarkets, hotels, restaurants etc. Europe being a developed nation comprises of consumers demanding premium packaged food items which is augmenting the demand for sterilization in packing of food items.