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Global High Pressure Processing Equipment Market to reach USD 439 Mn by 2026
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The global high pressure processing equipment market is set to reach USD 439 million by 2026, driven by clean label trends and technological innovations.
The global high pressure processing equipment market is anticipated to surpass market value of USD 430 Mn, while recording a CAGR of 12.3% in terms of volume from 2016 and 2026, and at a value CAGR worth 13.7% in the same time period.
The launch of new clean label products and growing awareness regarding its benefits is expected to propel the high pressure processing equipment market during the forecast period.
In its latest report, Future Market Insights (FMI) has identified few of the major trends governing the overall market for high pressure processing equipment (HPPE). In brief, rapid adoption of high pressure processing technique among premium juice manufacturers, automation and technological innovation and growing number of HPP tolling service providers are playing a major role in shaping the market trajectories currently.
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US is predicted to procure more than three-fourths of the total high pressure processing equipment market in North America, propelling at a CAGR of 16.7% by the end of 2026. Western Europe is anticipated to gain more than 100 BPS between 2016 and 2026, expanding at a CAGR of 14.1% in the forecast period.
Hiperbaric S.A — Most Successful Player in Recent Years
According to the report, Hiperbaric S.A a prominent manufacturer of high pressure processing equipment is the current leader in the global market as the company’s hold over the North American region is substantially strong.
FMI’s Insights on Growth Factors
The adoption rate of HPP equipment for cold pasteurisation in F&B industry is one the major parameters based on which the global market size has been calculated. FMI forecasts the global high pressure processing equipment market to witness a CAGR of over 13 % in terms of value and a CAGR of 12.3% in terms of volume between 2016 and 2026. The US$ 133.5 Million HPP equipment market is estimated to create an incremental $ opportunity of over US$ 350.5 Million during the assessment period.
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Horizontal Vessels — Leading Arrangements Type Segment
Based on vessel arrangements type, the horizontal vessel is expected to be the predominant segment of the market in terms of value over 2026. Growing demand for horizontal vessel arrangements is expected to make a significant contribution to the overall market growth. Horizontal vessels possess easy loading and unloading operations with a high volume capacity, hence, have a higher preference in the market.
By applications, the meat is the largest segment in the market both in terms of value and volume. Whereas, the juice & beverage segment is anticipated to witness the fastest growth in terms of value during the forecast period.
Based on capacity, demand for above 300 litres vessels or containers is expected to gain traction over the next couple of years. Despite their high cost, above 300 litres vessels segment is projected to register a strong CAGR due to their high holding capacity.
Based on the regional analysis, the market in North America will continue to lead the pack during the forecast period. In 2016, the region accounted for over 40% share of the market followed by Europe. In addition, both the regions collectively accounted for nearly 75% share of the market in terms of value in 2016. Owing to a substantially high demand for HPP equipment from tolling services providers and their growing application base across various end-use industries, the HPP equipment market is flourishing in the region of North America. In Asia Pacific, particularly China is set to witness a robust adoption of HPP equipment in various industrial domains over the next few years.
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Competitive Dashboard
Apart from Hiperbaric S.A, Stansted Fluid Power Ltd, Multivac Group, Bao Tou KeFa High Pressure Technology Co., Ltd, Avure technologies, and Kobe Steel, Ltd., are some of other key players operating in the global market for high pressure processing equipment.
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The article discusses the growth of the global high pressure processing equipment market, projected to reach USD 439 million by 2026.
Hiperbaric S.A is identified as the leading company in the high pressure processing equipment market.
North America, particularly the US, is a leading region in the high pressure processing equipment market.
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