High-Pressure Processing Equipment Market to Reach $1.44 Billion by 2033

15 Apr 2024


The high-pressure processing equipment market has seen significant growth globally, with North America leading the way in the adoption and advancement of this technology. The push towards sustainability has been a major factor driving growth, spurring both innovation and investment in high-pressure processing solutions. This market's expansion is largely fueled by the increasing consumer preference for minimally processed foods that have a longer shelf life but are free from chemical preservatives.

Moreover, strict food safety regulations have propelled food manufacturers towards embracing high-pressure processing technology. This technology is extensively used in the treatment of meat, poultry, seafood, fruits, vegetables, juices, dairy items, and ready-to-eat meals, aiding in prolonging their shelf life while preserving their freshness and nutritional content.

With the globalization of food supply chains, there is an elevated focus on maintaining the quality and safety of food during transportation and distribution. High-pressure processing plays a crucial role in extending the lifespan of perishable items, thus minimizing food wastage and ensuring the integrity of the product during its journey.


High-Pressure Processing Equipment Market Overview

High-pressure processing equipment manufacturers have employed several tactics such as launching new products, expanding their businesses, and engaging in mergers, acquisitions, partnerships, and collaborations. Among these, mergers and acquisitions, partnerships, and collaborations have emerged as the most favored approaches in the industry.

As per BIS Research report, the high-pressure processing equipment market is projected to grow from $662.4 million in 2023 to $1,442.1 million by 2033, with a Compound Annual Growth Rate (CAGR) of 8.09% during the forecast period from 2023 to 2033.

Key global players in the high-pressure processing equipment market include HIPERBARIC, thyssenkrupp AG, and JBT. Additionally, emerging private firms like EXDIN Solutions and American Pasteurization have gained significant attention in recent years within the high-pressure processing equipment sector.

•    Market Demand Drivers: Increasing Demand for Processed Food Products with Preserved Nutritional Value
•    Market Challenges: High Initial Cost of the HPP Equipment
•    Market Opportunities: Expansion of Product Portfolio Specific to Application

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Market Segmentation

Segmentation 1: by Application

•    Fruit and Vegetable Products
•    Juices and Other Beverages
•    Dairy Products
•    Meat Products
•    Seafood
•    Others

Meat Products to Dominate the Global High-Pressure Processing Equipment Market (by Application)

Segmentation 2: by Vessel Volume Type

•    Less than 100 L
•    100-300 L
•    Above 300 L

100-300 L to Dominate the Global High-Pressure Processing Equipment Market (by Vessel Volume Type)

Segmentation 3: by Orientation Type

•    Horizontal
•    Vertical

Horizontal to Dominate the Global High-Pressure Processing Equipment Market (by Orientation Type)

Segmentation 4: by Region

•    North America - U.S., Canada, and Mexico
•    Europe - Germany, France, Spain, Italy, and Rest-of-Europe
•    Asia-Pacific - Japan, China, Australia and New Zealand, South Korea, and Rest-of-Asia-Pacific
•    Rest-of-the-World

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Recent Developments in the Global High-Pressure Processing Equipment Market

•    In March 2023, the Canadian Food Inspection Agency (CFIA) issued a guidance document to support food businesses in adhering to the Safe Food for Canadians Regulations. Health Canada concluded that high-pressure processing (HPP) treatments of up to 87,000 pounds per square inch (600 megapascals) for a maximum of 27 minutes do not negatively impact the nutritional or chemical safety of food compared to its unprocessed form.
•    In September 2023, HIPERBARIC, a global pioneer in high-pressure processing technologies, unveiled a novel high-pressure thermal processing (HPTP) solution in partnership with the Commonwealth Scientific and Industrial Research Organisation (CSIRO), Australia's premier scientific research organization. This innovative technology merges the microbial killing power of heat with the quick application of high pressure, offering a new method for food processing and preservation. The technology is centered around a patented canister developed by CSIRO, designed to fit seamlessly into existing HIPERBARIC high-pressure processing units.
•    March 2021 saw thyssenkrupp AG launching the largest high-pressure processing (HPP) center in Germany, located in Quakenbrück. This facility, with the capability to process up to 26 tons of food daily and spanning 630 m2, is part of the Business and Innovation Park Quakenbrück (BIQ) and works closely with the DIL German Institute for Food Technology on research and development projects. This move represents a significant advancement in food processing technology and underscores thyssenkrupp AG’s dedication to innovation in the food sector.

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Analyst View

According to Debraj Chakraborty, Principal Analyst, BIS Research, “The global high-pressure processing equipment market is likely to grow multi-fold in the coming years, owing to the rapidly growing demand for sustainable packaging solutions. This increased interest aligns with increasing environmental awareness, shifting consumer preferences, and advancements in biotechnology, creating a favorable landscape for the widespread acceptance and expansion of the global high-pressure processing industry.

Moreover, substantial investments in the high-pressure processing equipment market further reinforce its growth potential. As investors recognize the economic and environmental benefits of renewable high-pressure processing solutions, increased funding is facilitating research, development, and scaling of production processes.

The market is expected to witness significant growth in the coming years, and the key players in the market are focused on strategic partnerships, collaborations, mergers, and acquisitions to expand their market presence and enhance their product offerings.”

 
 
 

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