The increasing propensity of the people towards healthy and quality food products is considered to be the prominent factor augmenting the aseptic processing market size. Over the recent past years, with the growing health concerns among the people, the healthy foods have evolved from passing fad to mainstream movement, portraying a consumer lifestyle that is more about conscious consumption. In order to promote good health and sustain life, people are obliged to eat safe and hygienic food. The intake of contaminated food and beverages such as dairy, meat, wines, alcohols, and juices, to name a few, due to the presence of harmful bacteria, parasites, or chemicals, can cause numerous diseases, ranging from diarrhea to cancer. As a result of the consumption of contaminated food, around 600 million people suffer from illnesses and 420, 000 die every year.
The Aseptic Processing Market share was valued at $11 billion in 2018. Furthermore, the increasing demand for healthy foods is projected to propel the growth of the market at a standard CAGR of 3.7% during the forecast period 2019-2025.
Aseptic Processing Market Gaining Demand Influx with the Growing Demand for Sterile Drug Product in the Pharmaceutical Industry—
In the pharmaceutical industry, drugs that are delivered through mouth, eyes, ears and other parenteral ways, increases the risk of infection as they avoid many of the defenses of the body. So, in order to ensure the safety of the patient, it is requisite that the drug products taken through the aforementioned ways are to be supplied as sterile products. Aseptic processing, owing to its efficiency, is considered to be an eminent method for manufacturing a sterile drug product. Therefore, the rise in demand for pharmaceuticals is considered to propel the demand for aseptic processing technique. The increasing need for pharmaceuticals supplies are evident with the fact that the global trade valued of pharmaceuticals products was around $617 billion in 2018 with an annual growth of 11% from 2017 to 2018. Therefore, the burgeoning pharmaceutical industry is significantly contributing to the growth of the aseptic processing market.
Alarming Food Safety Crisis in Asia Pacific Region Providing Promising Prospects for the Growth of the Aseptic Processing Market—
On the basis of region, Asia Pacific is considered to capture the maximum aseptic processing market share during the forecast period and was responsible for 39% of the total revenues generated in 2018. This is mostly attributable to the increasing adoption of aseptic processing of food in the developing countries of the region in order to slim down food wastage. Over 40% of the vegetables and fruits and up to 30% of the grains produced in Asia-Pacific region are lost. Most of the food wasted is due to the contamination by harmful bacteria, fungi or chemical substances in the supply chain process from farm to fork. This, in turn, led to the increasing adoption of aseptic processing technology to prevent contamination and improve the shelf-life of the food products.
In China, the food processing market size increased by 6.3% from 2016 to 2017 and attained $1.47 trillion. Whereas, in India, the food processing market was valued at $322 billion in 2016 and expected to reach $543 billion by 2020, with a CAGR of 14.6%. The increasing consumption of the above-specified food products has created both opportunities and challenges for food safety in the food processing industry. This, in turn, resulted in the adoption of cutting edge processing technologies such as aseptic processing to ensure food safety by food processing industries. Therefore, the booming food processing industry is considered to be one of the prime factors for the growth of the regional aseptic processing market.
Food and Beverage Emerges as the Key application Segment in the Aseptic Processing Market—
On the basis of application, the aseptic processing market is bifurcated into food and beverages, pharmaceuticals, and others. Among these, food and beverages is considered to be the key application segment that is poised to propel at the highest growth rate during the forecast period. This is due to incessantly increasing demand for food and beverage packaging as it provides protection for the product and offers extended shelf life. The increasing population across the world is eventually creating a major gap in the food supply and demand.
Aseptic Processing Market Companies’ Strategies
Major companies that are striving to capture the most of the global aseptic processing market share are Robert Bosch GmbH, E.I. Du Pont De Nemours and Co, Tetra Laval International S.A., SPX FLOW, Inc., IMA S.p.A, Becton Dickinson and Co, Amcor Limited, GEA Group, Greatview Aseptic Packaging Co., Ltd, and JBT Corporation.
These companies are continuously planning to deploy business strategies such as mergers, acquisitions, collaborations, partnerships, and new product innovations, in order to build their brand name in the global market and reach worldwide customers.
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