New York, July 28, 2022 (GLOBE NEWSWIRE) -- The global pasteurization vessel market is estimated to increase at a value CAGR of 5% during the forecast period of 2022-2032 and reach a growth to US$ 6 Bn by 2032.
Since milk is a necessity for humans of all ages, there is a growing demand for dairy products, notably milk, which is driving global market expansion for pasteurization equipment. Sales of pasteurization vessels have been supported by rising customer preference for a healthy lifestyle.
Significant improvements in pasteurization vessel designs, techniques, and materials have been achieved to fulfill shifting market demands, adhere to strict restrictions in the food processing industry and application-specific modules, and maintain market competitiveness.
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Key Takeaways from Market Study
- By method, the batch segment is projected to hold a market share of more than 60% by 2032. Although, the aftermarket segment will expand at a faster rate at 4.8% CAGR
- Under engine type, the 1001-5000 L capacity segment is anticipated to hold the largest market share of more than 30%.
- By end use, the beverage industry is projected to create an absolute $ opportunity of US$ 762.14 Mn.
- By region, Europe is expected to account for the largest share of 25% in the global market by 2032.
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“Food safety and product quality are the fundamentals for the growing business of pasteurization vessels and are expected to have a beneficial effect on market growth,” says a Persistence Market Research analyst.
Market Landscape
To improve product reliability, manufacturers are working on developing pasteurization vessels in terms of their process requirements. Businesses have been increasing their footprint by integrating their basic pasteurization vessel units with advanced technologies to provide the perfect combination of functionality and productivity.
Some of the key pasteurization vessel manufacturers profiled in the report are Bolz Intec GmbH, Sordi Impianti, Voran Maschinen GmbH, KHS Group, Daritech inc, Focus Technology Co., Ltd, Neologic Engineers Private Limited, Dion Engineering, GEA Group, Krones, SPX FLOW, Tetra Pak International, A·S·T·A eismann GmbH, ABL Technology, Anco Equipment, and Della Toffola.
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Conclusion
Growing product demand from the dairy industry is anticipated to fuel market growth over the forecast period as a result of strict government pasteurization requirements. People's ability to buy more and a rise in global awareness about food safety are expected to aid market expansion over the coming years.
Want to Know More?
Persistence Market Research, a research and consulting firm, has published a revised market research report on the pasteurization vessel market that contains global industry analysis of 2017–2021 and opportunity assessment for 2022–2032.
The report provides in-depth analysis of the market through different segments, namely, capacity, method, end use, and region.
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