An Incisive, In-depth Analysis on the High Pressure Processing Market
This study offers a comprehensive, 360 degree analysis on the High Pressure Processing market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global High Pressure Processing market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
China’s expanding high pressure processing equipment market is a roadblock to the growth of the North America and Europe high pressure processing equipment market
High pressure processing technology was introduced for commercial applications in the 1990s. Over the past 10 years, adoption of high pressure processing equipment or systems has witnessed significant growth in the food and beverages industry. In the last decade, growth in the installed base of high pressure processing equipment across the globe has registered a CAGR of around 17%. In terms of value, the global high pressure processing equipment market was pegged at more than US$ 120 Mn in 2016 and is projected to reach above US$ 430 Mn by the end of 2026. North America followed by Europe is the largest market for high pressure processing equipment, collectively accounting for more than 60% share in terms of value in 2015. The region is expected to witness relatively faster growth over the forecast period. Rising health concerns and awareness among customers has resulted in significant increase in the demand for organic food and clean label food products, i.e. those food products that are free from added preservatives or chemicals, artificial colours, and artificial flavours.
Awareness of the health benefits associated with consumption of clean label products has witnessed a marked increase. Accordingly, launch of new clean label products is expected to gain strong momentum over the forecast period. Several leading industry participants have made significant investments towards the launch of such product offerings in order to penetrate the growing market for such products. Over the years, high pressure processing equipment manufacturers have increased their product variants in terms of capacity either by increasing vessel size or by increasing the number of intensifiers.
North America and Europe are estimated to represent major shares in the global high pressure processing equipment market
U.S. is expected to hold more than three-fourths of the total market value and volume share in the North America high pressure processing equipment market by 2026 end. The U.S. high pressure processing equipment market is projected to gain more than 400 BPS between 2016 and 2026, expanding at a CAGR of 16.7% over the forecast period. Sales revenue of high pressure processing equipment in Canada is expected to increase at a CAGR of 11.2% and the country is expected to represent incremental opportunity of more than US$ 10 Mn between 2016 and 2026. Western Europe is expected to represent more than three-fourths of the total market share in the Europe high pressure processing equipment market by 2026 end. The Western Europe high pressure processing equipment market is projected to gain more than 100 BPS between 2016 and 2026, expanding at a CAGR of 14.1% over the forecast period. The increasing use of high pressure processing equipment for safe and quality food is expected to lead to a rise in demand in the European market.
China is projected to represent more than half of the Asia Pacific high pressure processing equipment market incremental opportunity between 2016 and 2026
The high pressure processing equipment market in China is projected to gain more than 1000 BPS between 2016 and 2026, expanding at a CAGR of 14.2% over the forecast period. The India high pressure processing equipment market is projected to lose more than 100 BPS between 2016 and 2026, registering a CAGR of 7.5% during the assessment period. Rising urban population in the Asia Pacific region is anticipated to create a large market for ready-to-eat food, which is expected to fuel the demand for high pressure processing equipment in the next few years.
Key market stakeholders are eyeing the Asia Pacific region to stay afloat in the global high pressure processing equipment market
Hiperbaric S.A. has a high pressure processing equipment machine manufacturing unit in Burgos (Spain) and its operations are distributed across North America, Europe, Asia, Africa and Oceania. It also operates a sales and service office in New Zealand. The company primarily aims to target the food and beverage industry in the U.S market. It is actively promoting its high pressure processing equipment and systems amongst tolling service providers. Hiperbaric S.A. also aims to target the Asia and Oceania food and beverage market by expanding its sales channel and collaborating with clients.
Multivac Group, another leading player operating in the global high pressure processing equipment market invested approximately US$ 7 Mn to expand its manufacturing unit based in Kansas City in 2016. In 2011, owing to the growing demand for high pressure processing systems in the food processing industry, Multivac Group formed a strategic partnership with Uhde High Pressure Technologies GmbH (a subsidiary of thyssenkrupp AG.).
Future Market Insights presents a detailed and comprehensive analysis of the global high pressure processing equipment market in a new publication titled “High Pressure Processing Equipment Market: Global Industry Analysis & Opportunity Assessment, 2016–2026.” Our report on the performance of the global high pressure processing equipment market for the period 2016 – 2026 begins with an overview of the market followed by key definitions and an executive summary that gives a 360o view of the revenue forecast of the global high pressure processing equipment market. We also present the market taxonomy in this section where we talk about different segments of the global high pressure processing equipment market. In the next section, we do a deep dive into the key market dynamics and present our independent analysis of the various factors, challenges, and market trends that we feel will define the market in the coming years. The following sections quantify our analysis of the global high pressure processing equipment market by presenting data on the market size along with key performance metrics.
We have devoted the last section of the report to study the market performance of some of the top companies in the global high pressure processing equipment market. We have profiled a few of the leading market players and presented a detailed analysis of their overall business performance and a comprehensive evaluation of their short-term and long-term business and go-to-market strategies. This section is intended to provide report audiences with a dashboard view of the competitive landscape of the global high pressure processing equipment market.
We have forecasted the global high pressure processing equipment market across different geographical regions and on the basis of the various market segments and have provided a critical assessment of the opportunities available to all the companies functioning in the global high pressure processing equipment market over a 10-year forecast period 2016 – 2026. We have focussed on all the major developments that are likely to impact the fabric of the global high pressure processing equipment market in the forthcoming years. Our analysts have studied the market and identified all the drivers, restraints and trends that are likely to redefine the market value and volume in the coming years.
Global High Pressure Processing Equipment Market: Segmentation
In-depth secondary research is used to determine overall market size, top industry players, top applications, manufacturers, etc. In addition, our experienced team of analysts has gathered relevant market insights and data by speaking to the various stakeholders based in different countries. We have dissected the data procured from secondary and primary research and then validated this data using the triangulation method. The accumulated data is further scrutinised using advanced tools to obtain qualitative and quantitative insights into the industry.
Key metrics included in the global high pressure processing equipment market report
In this report on the global high pressure processing equipment market, we have encapsulated the key metrics that accurately describe the global high pressure processing equipment market and used this data to compare market performance across the various segments and regions. We understand that the nature of the global economy is very volatile and hence besides estimating the Compound Annual Growth Rate (CAGR) for the global and regional markets, we have also analysed the global high pressure processing equipment market on the basis of growth parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities likely to emerge in the global high pressure processing equipment market. Further, we have studied the different market segments by conducting a Basis Point Share (BPS) analysis to understand the relative contribution of individual segments to overall market growth. We feel this detailed level of information is important to identify the many key trends governing the global high pressure processing equipment market. Another notable feature of our report is an analysis of the revenue forecast of the global high pressure processing equipment market in terms of absolute dollar opportunity. While this is usually overlooked when forecasting the market, we believe absolute dollar opportunity analysis is critical in assessing the level of opportunity that market providers can look to achieve and also to identify potential resources in the global high pressure processing equipment market. Finally, we know the importance of dissecting the different market segments in terms of their growth and performance in the global high pressure processing equipment market, and towards this end, we have developed a market attractiveness index to help market players identify current and future market opportunities.
In this report on the global high pressure processing equipment market we have provided a comprehensive market overview by considering the ASP (Average Selling Price) of high pressure processing equipment. A top-down approach has been adopted to determine the market numbers while a bottom-up approach has been incorporated to counter validate the market estimations. Though yearly change in inflation rate has not been considered while forecasting the market numbers, macroeconomic indicators such as GDP and end-use application industries’ growth have been considered.
High Pressure Processing Market Reports - Table of Contents
1. Executive Summary
15. Assumptions and Acronyms Used