Food Ingredients Sterilization Market Driven by Rapidly Escalating Population with which the Food Demand is Increasing

Global Food Ingredient Sterilization Market: Overview

Transparency Market Research (TMR) offers a 10-year forecast for the global food ingredients sterilization market between 2016 and 2024. In terms of value, the market is expected to register a CAGR of 4.2% during the forecast period. The primary objective of the report is to offer key insights on the expected future growth of the global food ingredients sterilization market. The study demonstrates market dynamics that are expected to influence the current environment and future status of the global food ingredients sterilization market over the forecast period. The primary objective of this report is to offer updates on global food ingredients sterilization market.

Sterilization of food ingredients and products reduces chances of contamination and also helps in extending shelf life and uptake of sterilized food ingredients has been increasing in the recent past as a result of concerns arising from possible contamination and associated side-effects from consumption of such products are factors expected to drive growth of the global food ingredients sterilization market over the forecast period.

Global Food Ingredient Sterilization Market: Key Drivers and Trends

A section of the report discusses various factors that is driving the market. While demand for sterilized ingredients is on the rise, consumption of sterilized food products is also expected to increase in Asia Pacific and Europe region.

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As a result of increasing demand for sterilized food ingredients in various food and beverage products in both developed and developing countries are creating opportunities for various players in the global food ingredients sterilization market. Ever-rising demand for sterilized food ingredients and products is also expected to result in significantly high sales of food ingredients sterilization market.

Global Food Ingredient Sterilization Market: Scope of the Study

The report offers data regarding market share of the global food ingredients sterilization market and the market is segmented on the basis of ingredients such as spices, herbs and seasonings, dried fruits and vegetables, cereals and pulses, meat and poultry, seafood, dairy ingredients, tea blends and nuts. The market is also segmented on the basis of method such as heat, moisture, radiation and others. The report also highlights various trends in the global food ingredients sterilization market. A section of the report highlights region-wise trends in the global food ingredients sterilization market. It also provides a market outlook for 2016–2024, and sets the forecast within the context of the segment by ingredients, and method. This study discusses key regional trends contributing to growth of the global food ingredients sterilization market, as well as analyses the degree to which drivers are influencing markets in each region. Key regions assessed in this report include North America, Europe, Asia Pacific, Latin America and Middle East and Africa.

In addition, it is imperative to note that in an ever-fluctuating economy, we not only conduct forecasts in terms of CAGR, but also analyze on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities.

Also, another key feature of this report is the analysis of all key segments in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global food ingredients sterilization market.

Among the various ingredient segments, the spices, herbs and seasonings segment is expected to contribute significantly in terms of revenue to the global market, followed by the meat and poultry segment respectively. The market is driven by increasing demand for sterilized food ingredients produced by using various sterilizing methods, which is expected to fuel significant growth of the food ingredients sterilization market during the forecast period. A detailed analysis has been provided for each segment in terms of region-wise market size analysis.

Global Food Ingredients Sterilization Market: Rising Need for Minimizing Instances of Food Poisoning to Bolster Demand, notes TMR

Prominent players accounting for a major share in the global food ingredients sterilization market are Balchem Inc., Wenda Ingredients, Croll Reynolds Inc., Sterigenics International LLC, Croll Reynolds, and Safe Spice, finds Transparency Market Research (TMR). Some of the top companies in this market already provide specialized offerings in the healthcare sector and specialty chemical products to the food and beverages industry. Leading players have a stronghold in the food and beverages industry; however, owing to their technical expertise in sterilization, they have gained a competitive advantage in the food ingredients sterilization market, observes TMR. Several players are offering value-added products using basic ingredients to consolidate their shares.

Expanding at a CAGR of 4.2% from 2016 to 2024, the global food ingredient sterilization market is anticipated to reach US$452,046.9 by the end of forecast period. The estimated valuation of the market at the end of 2016 was US$326,069.

Heat Sterilization Most Preferred Method of Decontamination

Based on geography, the major regional markets for food ingredients sterilization are Europe, North America, Asia Pacific, the Middle East & Africa (MEA), and Latin America. Of these, currently, a major chunk of the demand for food sterilization comes from countries in Europe and North America. However, in the coming years, the Asia Pacific market is expected to rise at a strong CAGR over the forecast period. The impressive growth of the regional market is attributed to the swift pace of urbanization in emerging nations and the growing demand for convenience foods across the region.

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The major methods of food sterilization are heat, radiation, and moisture. Among these, the heat sterilization method leads the market. The substantial demand for sterilization using moist or dry heat or by using indirect heating methods is due to their enhanced efficacy in extending the shelf life of food ingredients. This method is especially helpful in killing bacterial endospores and microorganisms.

Demand for Increasing Shelf Life of Products and Newer Sterilization Methods to Boost Market

Undercooking, contamination, and incorrect food processing are leading causes of food poisoning worldwide. This has also led to a rise in food recalls, adversely affecting the reputation and profit margins of manufacturers and vendors. As a result, there is an accelerating demand for various food sterilization methods to make them safe for consumption. In addition, the use of sterilization methods in food processing also increases the shelf life of the products. These are the key factors propelling the food ingredients sterilization market. Furthermore, the process of food ingredient sterilization significantly reduces the use of food processing agents and limits the use of preservatives, which is a major concern among consumers. This, therefore, boosts the market. Sterilized foods minimize the risk of carrying food-borne pathogens, significantly reducing the instances of food poisoning.

However, limited consumer awareness related to food sterilization methods and the faulty use of sterilization equipment are likely to hinder the market to an extent. Nevertheless, advancements in techniques to process food and the advent of high hydrostatic pressure in combination with temperature (HPT) technique are expected to unlock exciting opportunities for market players. Advanced sterilization methods aimed at reducing the pathogen count in ready-to-eat and packaged foods are encouraging developments in the market and this is expected to open up lucrative avenues.

The study presented here is based on a report by Transparency Market Research (TMR) titled “Food Ingredients Sterilization Market (Ingredient - Spices, Herbs and Seasonings, Cereals and Pulses, Seafood, Tea Blends, Nuts, Meat and Poultry, Dried Fruits and Vegetables, and Dairy; Method - Heat, Radiation, and Moisture) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016-2024”

The global food ingredients sterilization market is segmented based on:

Ingredients

• Spices, herbs and seasonings
• Cereals and pulses
• Seafood
• Tea blends
• Nuts
• Meat and poultry
• Dried fruits and vegetables
• Dairy ingredients

Method

• Heat
• Radiation
• Moisture
• Others

Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

Global Food Ingredient Sterilization Market: Rising Heat on Food Makers over Product Recalls and Large-scale Food Poisoning Incidences, notes TMR

Key players in the global food ingredient sterilization market for 2015 included Balchem, Inc., Sterigenics International LLC, Safe Spice, Wenda Ingredients, and Croll Reynolds. Some of the leaders in this market are also associated with the provision of specialty products to the healthcare and food and beverages industries, products and services that are commonly aimed towards sterilization of products and devices. Their foray in the global food ingredient sterilization market may even be a lot more recent than their overall impact on the food and beverages industry, but their experience in sterilization can work in their favor.

As stated in a research report released by Transparency Market Research, the global food ingredient sterilization market is expected to reach US$452,046.9 by the end of 2024, after successfully expanding at a CAGR of 4.2% within a forecast period from 2016 to 2024. The market was calculated to reach US$326,069 at the end of 2016.

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With Food Product Recalls on the Rise, Manufacturers Look for Solid Solution

“The global food ingredient sterilization market holds a very unique factor that is expected to work in its favor over the coming years. A lot of food product makers are facing a complicated and long-drawn battle over instances of undercooking, contamination, and incorrect processing. These lead to a large number of food poisoning issues, which consequently cause financial damage to a company while also having their name tarnished. The global food ingredient sterilization market presents itself as one of the leading solutions to this problem and manufactures are beginning to heavily favor its processes. Food sterilization not only helps eliminate the bacteria that can be left in food after improper cooking, but can also considerably increase the shelf life of foods,” states a TMR analyst.

Another factor working in favor of the global food ingredient sterilization market is the possible replacement of preservatives and other processing agents in lieu of the less harmful sterilization processes. Sterilized foods hold a very low risk of carrying food-borne pathogens and lead to a significant reduction in food poisoning instances, while allowing for a lesser use of processing methods and agents.

Consumer Awareness Still Plagues Food Sterilization Development

Currently restraining the global food ingredient sterilization market is the low awareness that consumers hold towards these processes and ingredients. This makes taking sterilization processes aboard a tough task for a lot of food product makers as there is no direct reflection of using these process on sales and revenue. This stifles the development process for food sterilization in the long run. The global food ingredient sterilization market is also facing the complication of the improper use of sterilization equipment as well as their unpredictable malfunctions, both of which can be extremely detrimental to the production rate of food product manufacturers.

“Despite an overall slower rate, the new enhancements are being rolled out in the global food ingredient sterilization market and are likely to create a mesh of better opportunities for players over the coming years. One such example is the unveiling of the HIPSTER method in 2015. Newer methods are also likely to attract a lot of manufacturers of packaged and ready-to-eat foods, as these methods are aimed at not only reducing the pathogen count in foods, but also at increasing the overall shelf life of foods,” adds the analyst.

The information presented in this review is based on a Transparency Market Research report, titled, “Food Ingredients Sterilization Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”

Key segments of the Global Food Ingredient Sterilization Market

By Ingredients

• Spices, herbs and seasonings
• Cereals and pulses
• Seafood
• Tea blends
• Nuts
• Meat and poultry
• Dried fruits and vegetables
• Dairy ingredients

By Method

• Heat
• Radiation
• Moisture
• Others

By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America