Aseptic Processing Market is Estimated to Witness High Growth Owing to Growing Demand for Long Shelf Life Packaged Food and Beverages
Aseptic processing refers to the process of preservation of food and beverages at high temperatures for extended shelf life without refrigeration. The aseptic processing involves the sterilization of prepacked materials through high heat followed by rapid cooling before sealing in sterile containers. It offers long shelf life to products like milk, fruit juices, liquid eggs, soups, and sauces through minimal heating without compromising the nutritional and sensory qualities.
The global aseptic processing market is estimated to be valued at US$ 92.82 Bn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Growing demand for long shelf life packaged food and beverages is one of the key drivers propelling the aseptic processing market growth. According to recent estimates, global sales of packaged foods and drinks are expected to grow by 4.5% annually, reaching US$ 6.8 trillion by 2027. The escalating demand for ready-to-consume food items among millennial consumers amid their hectic lifestyles is fueling the need for extended shelf life of products without preservatives or refrigeration. This is augmenting the uptake of aseptic processing technology by manufacturers. Another factor fueling the market growth includes its inherent advantages like minimal nutritional and organoleptic losses during processing as compared to conventional heat sterilization processes. This preserves the taste, texture, and nutrition of products.
SWOT Analysis
Strength: The aseptic processing market offers minimal contamination risks by sterilizing food or beverages before filling into presterilized containers. This extends the shelf life of products without any refrigeration. It is a low-cost alternative to thermal sterilization as it uses less energy. Use of advanced systems and automation ensures high-quality aseptically processed products.
Weakness: High initial investments are required to set up advanced aseptic processing facilities. Frequent equipment maintenance and validation are essential to avoid contamination risks which increases operational costs. Expanding product lines and changing consumer demands make equipment upgrades necessary.
Opportunity: Growth of packaged food and beverage industry favors aseptic packaging adoption. Rising health awareness is increasing demand for long shelf life products without preservatives. Developing markets in Asia Pacific offer huge untapped opportunities. Innovation of bio-based materials for packaging reduces environmental footprint.
Threats: Stringent regulatory approvals delay market entry of new products. Volatile raw material prices impact operational costs. Growing preference for minimal processed organic products threatens sales.
Key Takeaways
The global aseptic processing market is expected to witness high growth. The market size for 2023 is US$ 92.82 Bn rising at a CAGR of 4.1% to US$ 133.57 Bn by 2030.
Regional analysis related content comprises Asia Pacific dominates the market currently due to large consumer base and rapidly growing food industry in countries like China and India. Steady economic growth and rising disposable incomes are increasing demand for packaged ready-to-eat meals and beverages.
Key players related content comprises Key players operating in the aseptic processing market are Amcor Limited, Becton, Dickinson And Company, Robert Bosch Gmbh, Aran Packaging (Aran Group), Dizaynpak Baski Ve Ambalaj Teknolojileri A.Ş., Ipi S.R.L., Sealed Air Corporation, And Schott Ag. Amcor Limited is the largest player focusing on development of lightweight and sustainable packaging solutions for food and beverage industry. Becton, Dickinson and Company provides complete solutions for aseptic filling, packaging, and sterilization.
The global aseptic processing market is highly fragmented. Major players are focusing on capabilities expansion through mergers, acquisitions and new product launches. Growing collaboration between packaging converters and food producers ensures customized solutions. Innovation in technologies like IoT integrated systems is gaining popularity. Rising consumer health consciousness is stimulating demand for aseptically packaged products offering advantages like longer shelf life and no additives or preservatives.
Get more insights on this topic: https://www.newswirestats.com/aseptic-processing-market-size-and-outlook-2023-2030/
Arabic
Français
Español
Português
Deutsch
Türkçe
Dutch
Italiano
Russian
Romaian