Aseptic Processing Market is Estimated to Witness High Growth Owing to Proliferating Demand for Longer Shelf-Life Food Products
Aseptic processing involves treating and packing low-acid foods in a way to inhibit bacterial growth and allow long-term shelf-stable storage under ambient conditions without refrigeration. It is commonly used for juices, milk, soups and sauces. The global aseptic processing market is dominated by large dairy companies and food & beverage players that require aseptic filling and packaging solutions to preserve nutrients and extend shelf-life of products. With rising health-consciousness, demand for products offering basic nutrients has surged along with concerns around food wastage owing to expiries.
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:
The proliferating demand for food products with extended shelf-life without refrigeration is estimated to drive the global aseptic processing market over the forecast period. With rising urbanization and dual-income families opting for more convenient packaging over traditional methods, aseptic processing technology allows basic staples to remain consumable for months without preservatives or added sugars. Additionally, it also helps reduces wastage of perishable items. Furthermore, capability of aseptic systems to sterilize and aseptically fill varied products across beverages, dairy and liquid food segments has led to wider acceptance. However, high initial costs involved for equipment and sterilization procedures may limit greater adoption from small and mid-sized food companies.
SWOT Analysis
Strength: The aseptic processing market offers higher food safety and increased shelf life without preservatives. Aseptically packaged foods and beverages can sit on shelves for months without refrigeration. The aseptic technology allows easy storage and transportation of products. It minimizes spoilage and waste.
Weakness: Aseptic processing equipment requires high capital investment and operating costs. The equipment is complex which needs specialized technicians for operation and maintenance. Any malfunction can disrupt production. Packaging material costs are also high for aseptic packages.
Opportunity: Growing health awareness is fueling demand for packaged foods with minimal preservatives. The aseptic technique meets this demand well. Developing regions with inadequate cold chain infrastructure present an opportunity. Adoption of integrated packaging systems combining filling and sealing can boost productivity.
Threats: Strict regulations and certification requirements add to compliance costs. Technology changes rapidly, rendering existing equipment obsolete sooner. Substitution threat exists from alternative packaging types achieving longer shelf life via advanced materials. Economic slowdowns can impact demand.
Key Takeaways
Global Aseptic Processing Market Size is expected to witness high growth. The market size is projected to reach US$ 92.82 billion by 2024, expanding at a CAGR of 4.1% during the forecast period of 2023 to 2030. Growth will be driven by rising demand for packaged and ready-to-consume food and beverages with longer shelf life globally.
Regional analysis: Asia Pacific dominates currently due to large consumer food markets and rising disposable incomes in the region. China, India, Japan, and Southeast Asian countries offer significant opportunities. Europe maintains a substantial share on account of stringent food safety regulations and adoption of innovative technologies. North America remains a leading market, though mature, supported by private label brands.
Key players: Key players operating in the aseptic processing market are Amcor Limited, Becton, Dickinson And Company, Robert Bosch Gmbh, Aran Packaging (Aran Group). Amcor is a leading supplier of advanced packaging solutions. Becton, Dickinson And Company is a major medical technology company involved in aseptic fluid transfer, isolation, and filling. Robert Bosch Gmbh provides end-to-end aseptic packaging solutions.
Explore More Related Article On This Topic: https://www.newsanalyticspro.com/aseptic-processing-market-demand/
Explore More Related Article On This Topic: https://www.newsintv.com/sports/eurothrills-unleashing-sporting-excellence-with-europes-finest-gear-and-game/
English
Arabic
Français
Español
Português
Deutsch
Türkçe
Dutch
Italiano
Russian