Global Food Deaerators Market is expected to reach ~USD 400 Mn by 2028F: Ken Research
Global Food Deaerators Market By Application
The Global Food Deaerators market is segmented by Application into Food and Beverages.
Beverage segment held the largest market share in 2022, due to the increased consumption of beverages in emerging countries worldwide.
Due to the expanding demand for packaged flavored drinks, food deaerators are increasingly being used in beverage applications. Utilizing this equipment helps to reduce needless oxidation-related waste while keeping the sensory qualities and nutritional content of the finished product.
Food deaerators are used to remove air from the water phase before packaging operations or following the filtering process to speed up production without sacrificing product quality.
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Global Food Deaerators Market By Geography
The Global Food Deaerators market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.
North America region held the largest market share in 2022, increasing demand for food deaerators in the beverage industry is driving market expansion in North America.
The region’s rise can be attributed to factors such as increased consumer worries about the safety of consumers around chemicals used in beverages, the developing beverage sector, and rising demand for packaged foods. Due to strong demand from end-use sectors such as drinks and processed foods as well as its growing focus on R&D efforts for increasing its product portfolio, the USA, the region’s largest consumer of food deaerators, is anticipated to maintain its leadership during the projection period.
Competition Scenario In Global Food Deaerators Market
The global food deaerators market is highly competitive with ~150 players which include globally diversified players, regional players, and country-niche players with their niche in the Food Deaerators market.
Country-Niche players constitute ~55% of the competition, while the regional players are the second largest by type. Some of the major players in the market include GEA Group, JBT., SPX Flow, Parker Boiler, Alfa Laval, The Cornell Machine Company, Mepaco, Stork, The Fulton Companies, Jaygo Incorporated, and among others.
What Is The Expected Future Outlook For The Overall Global Food Deaerators Market Across The Globe?
The Global Food Deaerators market was valued at USD ~million in 2022 and is anticipated to reach USD ~500 million 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 Deaerators market is driven by rising customer demand for food goods with an extended shelf life. 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 Deaerators market is changing rapidly. For instance, In April 2019, Tipper Tie, Inc. (US) was acquired by JBT Corporation for US$ 160 million. As a result, the business was able to grow its food processing division.
In January 2019, GEA finalized the acquisition of Slovenia-based filling technologies company Vipoll.
In January 2017, by building a new production campus in Europe, SPX FLOW increased the scope of its production capabilities. The organization was able to grow its clientele in the area because of this development.
The global food deaerators industry is forecasted to continue the positive growth that is witnessed since 2017, government investments in the food processing machinery and equipment sector and rising capital consumption in the beverage industry create attractive growth prospects. Though the market is highly competitive with ~150 players, few global players control the dominant market share and regional players also hold a significant market share.
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Key Topics Covered in the Report
- Snapshot of the Global Food Deaerators Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Food Deaerators Market
- Historic Growth of the Overall Global Food Deaerators Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Food Deaerators Industry
- Overview, Function Offerings, and Strengths & Weaknesses of Key Competitors
- COVID-19 Impact on the Overall Global Food Deaerators Market
- Future Market Forecast and Growth Rates of the Total Global Food Deaerators Market and by Segments
- Market Size of Application Segments with Historical CAGR and Future Forecasts
- Analysis of Global Food Deaerators in Major Regions
- Major Function/Supply and Consumption/Demand Hubs within Each Region
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Region
Major Players Mentioned in the Report
- GEA Group
- JBT.
- SPX Flow
- Parker Boiler
- Alfa Laval
- The Cornell Machine Company
- Mepaco
- Stork
- The Fulton Companies
- Jaygo Incorporated
Notable Emerging Companies Mentioned in the Report
- Centec LLC
- Sterling Process Equipment and Services, Inc.
- Special Projects International Inc.
- Boiler & Steam Performance, Inc.
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Deaerator Supplier Companies
- Food and Beverage Processing Companies
- Food Processing Equipment and Machinery Manufacturers
- Import and Export Companies
- Industry Investors/Investment Bankers
- Company Research and Development Institutes
- Market Research & Consulting Firms
- Banking and Financial Service Providers
- Government & Regulatory Authorities
- Deaerator Material Suppliers
- Investors in Food Start-ups
- Start-ups & Incumbents in Food Sector
- Certification & Inspection Companies
- F&B Marketing Agencies
- Food Packaging Industrial Equipment Manufacturers
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