The global food ingredients sterilization market, as reported by Transparency Market Research (TMR), is expected to grow at a steady rate in the coming years. Vendors in the market for are expected to focus on effective processes for sterilization, particularly in industries such as healthcare, in order to gain a solid foothold in the market. Some leading names in the food ingredients sterilization market are Safe Spice, Sterigenics International LLC, Wenda Ingredients, Croll Reynolds, and Balchem, Inc. These enterprises, being well known for providing specialty food products, are expected to offer highest quality product, because even though the concept of the product is relatively recent, these enterprises have vast experience in the domain of sterilization.
According to TMR’s report, over the forecast period of 2016 to 2024, the global food ingredients sterilization market will likely rise at a steady 4.2% CAGR. The market, which was valued at US$326,069 in 2016, is expected to attain an estimated US$452,046.9 by the end of 2024.
On the basis of method, heat sterilization is expected to retain its dominance in the coming years. Food products are heat sterilized in order to diminish the risks of contamination. Use of microwave-assisted thermal sterilization is a popular method adopted by packaged food producers, to enhance shelf life of the product. Additionally, this method is employed in order to deactivate the process of toxin formation during transportation or when on shelf. Thus, heat or thermal sterilization methods are expected to regain their demand in the coming years.
Emerging Economies to Offer Vast Potential for Growth
With a vast population and the rapid urbanization, developing regions such as Asia Pacific hold out immense potential for the food ingredients sterilization market on the whole. The region is undergoing tremendous change, with the food and beverage sector growing at an unprecedented rate, fuelling demand for convenience and ready-to-eat food products. Countries such as China, India, Malaysia, Singapore, and South Korea lead the demand for convenience foods in the region, and vendors could capitalize on this opportunity as individuals are ready to shell out premium prices for sterilized food due to incrementing disposable incomes. This demand could effectively drive the global sterilized food ingredients market in the region.
Preference of Sterilization over Harmful Preservative to Drive Market Growth
Sterilized food are comparatively much less prone to carry pathogens that could be food-borne and could possibly lead to poisoning. The use of processing agents and harmful chemical as preservative is declining on account of being risky to human health. This is a significant factor providing an impetus to the growth of the global food ingredients sterilization market.
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Additionally, the number of food product recalls had surged, caused due to degraded food qualities on account of improper cooking methods, processing or contamination. These instances have caused a lot of financial losses to manufacturers, impelling them to look for low-risk food protection techniques, such as sterilization. This is another factor stoking the global market for food ingredients sterilization.