PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616738
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616738
Food and Beverage Sterilizing Agent Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 to 2032
The Global Food and Beverage Sterilizing Agent Market reached USD 361.7 million in 2023 and is estimated to witness a 4.5% CAGR from 2024 to 2032, driven by consumer preferences for natural and organic products, along with a growing emphasis on reducing food waste. As more consumers seek healthier and environmentally friendly options, manufacturers are increasingly adopting sterilizing agents that align with these preferences, ensuring product safety without harmful chemicals. Additionally, effective sterilization extends the shelf life of food products, minimizing spoilage and waste. This shift toward sustainability and health consciousness is propelling the demand for innovative sterilizing solutions in the market.
The food & beverage sterilizing agent industry is fragmented based on product, application, and region. The hydrogen peroxide segment will reach USD 201.5 million by 2023 due to its strong antimicrobial properties and effectiveness in eliminating bacteria, viruses, and fungi. Its ability to break down into water and oxygen makes it an environmentally friendly choice, appealing to manufacturers seeking safe sterilization methods. Besides, hydrogen peroxide's versatility allows its use across various applications, including surface sanitization and food packaging.
As the demand for safe and effective sterilization solutions rises, hydrogen peroxide will continue to be a preferred option. The dairy ingredients application segment will secure USD 99.2 million by 2032, spurred by the rising consumption of dairy products and the need for stringent safety measures. Effective sterilization is crucial in preserving the quality and extending the shelf life of dairy ingredients, such as milk, cheese, and yogurt. As consumer preferences shift toward fresh and organic dairy options, manufacturers are increasingly adopting advanced sterilizing agents to ensure product safety while maintaining nutritional integrity.This trend is driving growth in the dairy ingredients segment. Asia Pacific food & beverage sterilizing agent market will achieve USD 90.7 million by 2032, propelled by rapid urbanization and an expanding population. The increasing demand for processed and packaged foods, coupled with rising consumer awareness of food safety, is propelling the adoption of effective sterilizing agents. Also, government initiatives promoting food safety regulations and standards further enhance market growth.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $361.7 Million |
| Forecast Value | $543.7 Million |
| CAGR | 4.5% |
As the region continues to strengthen its food and beverage industry, Asia Pacific will emerge as a key contributor to the food & beverage sterilizing agent industry.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Key manufacturers
- 3.1.2 Distributors
- 3.1.3 Profit margins across the industry
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Market challenges
- 3.2.3 Market opportunity
- 3.2.3.1 New opportunities
- 3.2.3.2 Growth potential analysis
- 3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.2 Technology evolution
- 3.3.2.1 Sustainable manufacturing
- 3.3.2.1.1 Green practices
- 3.3.2.1.2 Decarbonization
- 3.3.2.1 Sustainable manufacturing
- 3.3.3 Sustainability in raw materials
- 3.3.4 Pricing trends (USD/Ton), 2021 - 2032
- 3.3.4.1 North America
- 3.3.4.2 Europe
- 3.3.4.3 Asia Pacific
- 3.3.4.4 Latin America
- 3.3.4.5 Middle East & Africa
- 3.4 Regulations & market impact
- 3.5 Porter's analysis
- 3.6 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
Chapter 5 Market Size and Forecast, By Product, 2021-2032 (USD Million, Kilo Tons)
- 5.1 Key trends
- 5.2 Hydrogen peroxide
- 5.3 Peracetic acid
- 5.4 Others
Chapter 6 Market Size and Forecast, By Application, 2021-2032 (USD Million, Kilo Tons)
- 6.1 Key trends
- 6.2 Cereals & pulses
- 6.3 Meat & poultry
- 6.4 Dried fruits & vegetables
- 6.5 Dairy Ingredients
- 6.6 Beverages
- 6.7 Others
Chapter 7 Market Size and Forecast, By Region, 2021-2032 (USD Million, Kilo Tons)
- 7.1 Key trends
- 7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Russia
- 7.3.6 Spain
- 7.3.7 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 Japan
- 7.4.3 India
- 7.4.4 South Korea
- 7.4.5 Malaysia
- 7.4.6 Australia
- 7.4.7 Indonesia
- 7.4.8 Rest of Asia Pacific
- 7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.5.3 Rest of Latin America
- 7.6 MEA
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 South Africa
- 7.6.4 Kuwait
- 7.6.5 Rest of MEA
Chapter 8 Company Profiles
- 8.1 Solvay
- 8.2 Steris
- 8.3 Peroxy Chem
- 8.4 Evonik Industries
- 8.5 Mitsubishi gas
- 8.6 Arkema
- 8.7 OCI Company Ltd.
- 8.8 Hansol Chemical
- 8.9 Taekwang Industry Co, Ltd
- 8.10 National peroxide Ltd
- 8.11 Jubilant Life Sciences Ltd
- 8.12 Aditya Birla Chemicals
- 8.13 AkzoNobel N.V.
