Growing Safety Concerns Related to Food Hygiene Owing to the Growing Demand for Food Sterilization Equipment
The food sterilization equipment market is estimated at USD 678.8 million in 2018 and is projected to reach USD 922.7 million by 2023, growing at a CAGR of 6.3% during the forecast period.
Rising application of sterilization technology in food & beverage industry, increasing instances of foodborne diseases, and growing safety concerns related to food hygiene and contamination are the major...
Increased Demand for Sterilized Food & Beverage Products is Driving the Food Sterilization Equipment Market
The food sterilization equipment market is projected to reach USD 922.7 million by 2023, at a CAGR of 6.3% from 2018. This market is mainly being driven by rising instances of foodborne diseases and growing awareness about food safety among consumers. Factors such as increasing consumption of sterilized food products in the emerging markets of the Asia Pacific and Europe are also projected to...
Food Sterilization Equipment: Growing awareness about food safety among consumers drives the market growth
The outlook on the growth of the food sterilization equipment market remains positive due to the increase in demand for processed and safe food products. The market is projected to witness significant growth in the next five years. Emerging countries such as India, Brazil, and South Africa offer a favorable market growth potential for the food processing market, which has led manufacturers to adopt...