The global HPP equipment market size was valued at USD 394 million in 2019, and is projected to reach USD 1089 million by 2028, with a CAGR of 18.44% from 2021 – 2028. Growth of the market is attributed to increasing government initiatives for the development food technologies.
HPP is a freezing pasteurization process. In this process, products are introduced into a container and closed to the maximum level of pressure exerted by water. By doing so, it eliminates parasites, bacteria, molds, yeast, and other viruses present in the food. This process extends the product life cycle and confirms its safety. HPP is a natural process and maintains flavor and nutrients of the food during processing. Operational process of HPP is identical to the thermal method. HPP is in huge demand among seafood and meat producers, as they are the key consumers of high-pressure processing technology. HPP has an upward edge when compared it to traditional pasteurization method.
The report on the global HPP equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
HPP equipment Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2021 |
Historic Data |
2019–2020 |
Forecast Period |
2021–2028 |
Segmentation |
Types (<50L, 50-200L (including 200L), 200-400L (including 400L), and >400L) and Applications (Fruits and Vegetables, Meat Products, Juices & Beverages, Seafood, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Avure Technologies Inc. (U.S.), Hiperbaric Espana (Spain), CHIC FresherTech (China), Kobe Steel, Ltd. (Japan), and Multivac Sepp Haggenmuller Se & Co. |
The less than 50L segment is projected to hold a major market share during the forecast period
Based on types, the global HPP equipment market is segregated into (<50L, 50-200L (including 200L), 200-400L (including 400L), and >400L. Less than 50L machineries are used for simple processing of the food. These machineries are usually used for the first phase or the last phase of the production. These machineries carry light weight products and consume less power as compared to the 200L machineries.
50 – 200L machineries are heavy in nature and carry the heavy part of the food processing unit. The amount of food processed is relatively high as compared to the <50 machinery. These machineries are expensive and require high maintenance.
The juice & beverages segment is estimated to hold a major market share
On the basis of applications, the global HPP market is fragmented into fruits and vegetables, meat products, juices & beverages, seafood, and others. The juice & beverages segment is expected to expand at a high CAGR during the forecast period, owing to rising adoption of the technology for processing of beverages.
The market in North America is projected to hold a major market share
In terms of regions, the global HPP equipment market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America was valued at USD 164.45 million in 2018, and is projected to reach USD 279.61 million by 2028, with a CAGR of 11.2% during the forecast period. North America leads the global high-pressure processing equipment market in terms of demand. Food products such as meat, fruits, jams, and jellies are widely processed in the high-pressure process equipment for fresh taste and quality. This is anticipated to boost the regional market. Factors such as high adoption of novel food processing technologies and rising export of HPP products to other regions is expected to drive the market.
The HPP equipment market in Asia Pacific is anticipated to expand at a CAGR of 11.26% during the forecast period, 2021 – 2028, owing to rising demand for packed food products.
The global HPP equipment market is segmented on the basis of
Types
Applications
Regions
HPP equipment market is highly competitive and major market players include Avure Technologies Inc., Hiperbaric Espana, Bao Tou KeFa High Pressure Technology, Co., Ltd., CHIC FresherTech, Kobe Steel, Ltd., and Multivac Sepp Haggenmuller Se & Co.
Technological development helped the HPP equipment market to grow significantly. All food manufacturers worldwide are focused on providing quality products. The production cost of the products declined, due to low consumption of energy during production.
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