Global Food & Beverages Disinfection Market is expected to reach ~USD 15 Bn by 2028F: Ken Research
Competition Scenario In Global Food & Beverages Disinfection Market
The Food & Beverage Disinfection Market is significantly competitive with ~150 players that include globally diversified players, regional players as well as a large number of country-niche players having their niche in Food & Beverage Disinfection.
Regional players comprise ~45% of the total number of competitors, while the country-niche players comprise the second highest of the total number of competitors. Some of the major players in the market include Advanced UV, Inc., Solvay, Stepan Company, Suez, Evonik Industries AG, Neogen Corporation, FINK TEC GmbH, Halma, Trojan Technologies Group ULC, and Evoqua Water Technologies LLC, among others.
The leading global Food & Beverage Disinfection companies such as Evoqua Water Technologies LLC, Evonik Industries AG, Solvay, and Stepan Company are highly focused on launching new disinfectants in the market and gaining approval for the new products.
What is the Expected Future Outlook for the Overall Global FOOD & BEVERAGES DISINFECTION Market Across the globe?
The Global Food & Beverages Disinfection market was valued at USD ~billion in 2022 and is anticipated to reach USD ~ 15 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.
The Global Food & Beverages Disinfection market is driven by rising health concerns regarding food safety among consumers, especially in developing countries. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.
With the increasing collaboration and emergence of new products, the Global Food & Beverages Disinfection market is changing rapidly. For instance, In October 2022, Solvay announced that Actizone F5, an innovative 24-hour antimicrobial sanitization technology has now registered within all 50 states of the USA. Earlier in November 2021, the technology was launched in the EU and approved by the Environmental Protection Agency (EPA). The Actizone F5 is a ready-to-use broad-spectrum disinfectant for hard surfaces including food & beverage processing, packaging, and other equipment.
In February 2022, Stepan Company gained approval from Environmental Protection Agency (EPA) for five more disinfectants that are effective against SARS-CoV-2. These formulations kill the virus when used on hard, non-porous surfaces. Among the five, the two formulations named STEPAN Disinfectant Wipe and SC-RTU Disinfectant Cleaner were approved as effective against the virus with a contact time of 30 seconds. The approval helps the company in promoting its products among various end-use industries including food and beverages.
In February 2020, Evonik Industries AG acquired PeroxyChem, a USA-based manufacturer of peracetic acid and hydrogen peroxide, for US$640 million. The company aimed to expand its product portfolio as well as to enter the environmentally friendly disinfectant market.
The Global Food & Beverage Disinfection Market is forecasted to continue positive growth, primarily driven by the increasing prevalence of foodborne illness coupled with the rising concerns regarding food safety among consumers. Moreover, the stringent regulations laid by the government to ensure food safety is boosting the demand for disinfectants among food & beverage manufacturers. Though the market is highly competitive with ~150 participants, global players control the dominant market share.
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Key Topics Covered in the Report
- Snapshot of the Global Food & Beverage Disinfection Market
- Industry Value Chain and Ecosystem Analysis of the Food & Beverage Disinfection Market
- Market size and Segmentation of the Global Food & Beverage Disinfection Market
- Historic Growth of the Overall Global Food & Beverage Disinfection Market and Segments
- Competition Scenario of the Food & Beverage Disinfection Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Food & Beverage Disinfection Industry
- Overview, Product Offerings, and Strategic Developments of Key Competitors
- COVID-19 Impact on the Overall Global Food & Beverage Disinfection Market
- Future Market Forecast and Growth Rates of the Global Food & Beverage Disinfection Market and by Segments
- Market Size of Application/End-User Segments with historical CAGR and Future Forecasts
- Analysis of the Food & Beverage Disinfection Market in Major Regions
- Major Production / Consumption Hubs in the Major Regions
- Major Production/Supply and Consumption/Demand Hubs in Each Region
- Major Country-wise Historic and Future Market Growth Rates of the Total Food & Beverage Disinfection Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Region
Major Companies Mentioned in the Report
- Advanced UV, Inc.
- Solvay
- Stepan Company
- Suez
- Evonik Industries AG
- Neogen Corporation
- FINK TEC GmbH
- Halma
- Trojan Technologies Group ULC
- Evoqua Water Technologies LLC
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Notable Emerging Companies Mentioned in the Report
- Oki Electric Industry Co., Ltd.
- Ecolab
- Vapourtec Ltd.
- Xylem
- UV-Guard Australia
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Food & Beverage Disinfection Manufacturers
- Food Processing Companies
- Beverage Processing Companies
- Food & Beverage Processing Equipment Manufacturers
- Research & Consulting Firms
- Research & Development Institutes for Disinfectant Sector
- Food & Beverage Disinfection Providers
- Disinfection Chemical Suppliers
- UV Equipment Manufacturers
- Food Safety Regulatory Bodies
- Food & Beverage Disinfection Distributors
- Food & Beverage Disinfection Packaging Services
- Packaging Equipment Manufacturers
- Government & Food Safety Regulations
- Investors in Disinfectants Companies
Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
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