Global Market Research Reports : Ken Research: Global Food & Beverage Disinfectant Market

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Thursday, June 15, 2023

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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Global Food & Beverage Disinfection Market

Tuesday, November 8, 2022

3 Key Insights on Competitive Landscape in the Global Food & Beverage Disinfection Market: Ken Research

Regional Players Dominate the Market Holding nearly 40% of Revenue Share Despite the Presence of about 150 Competitors Comprising Global Players, Regional Players, and Country-Niche Players find a recent market study on the Global Food & Beverage Disinfection Market by Ken Research

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

Regional players constitute ~45% of the Total Number of Competitors and hold ~40% of the Total Market Revenue

A comprehensive competitive analysis conducted during the Research Study found that the Global Food & Beverage Disinfection Market is highly competitive with ~150 players which include globally diversified players, regional players as well as a large number of country-niche players who have their niche in Food & Beverage Disinfection Market. The global players comprise ~15% in terms of the number of companies and hold about 25% of the market share. Key players in the market are focused on introducing industry-specific disinfectant products in the market and in gaining governmental approvals for their products to gain significant market share.

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Global Food & Beverage Disinfection Market

Leading Players Focused on Launching New Disinfectant Solutions for Food & Beverage Industry

Detailed comparative analysis of key competitors available within the Research Study shows that key players such as Evoqua Water Technologies LLC, Evonik Industries AG, Solvay, and Stepan Company among others are highly focused on introducing new food & beverage disinfection products or solutions. Furthermore, companies are also seeking governmental approvals and are highly focused on expanding their business in other regions, which is expected to boost the growth of the Global Food & Beverage Disinfection Market.

In June 2022, Evoqua Water Technologies LLC, a manufacturer of water and wastewater treatment solutions, opened a new 30,000-square-foot facility in the UK. The new site will serve as the company’s global center for its UV disinfectant products and it includes space for research & development, manufacturing, dedicated training space, and meeting space. The opening of a new facility helps the company in expanding its business.
In June 2022, Kemin Industries, Inc. launched two new antimicrobial and disinfection solutions named KEEPER AND OXINE. Both products are complimented by the company’s patented activation and application systems. The new solution is effective against various foodborne pathogens and offers food safety to the manufacturers without compromising the taste and texture of the product. The company aimed to expand its product portfolio with the launch of new solutions.

Global Food & Beverage Disinfection Market

Increased Government Initiatives for Food Safety Promote Food & Beverage Disinfection Market Growth and Development

Food Safety and Standards Authority of India (FSSAI) laid food hygiene and safety guidelines for food businesses during the COVID-19 pandemic. The foremost regulations for food establishments including production areas, stores, packaging areas, service areas, waste disposal areas, transport vehicles, and others shall be cleaned with soap and water, followed by disinfection with quaternary ammonium compounds or any other disinfectants that are found to be effective against coronavirus. In addition, the food service area should be thoroughly cleaned and disinfected after every meal prepared. Many more regulations are implemented in the food & beverage industry by the government to ensure food safety and to curb the situation.

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Global Food & Beverage Disinfection Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

Wednesday, November 2, 2022

Global Food & Beverage Disinfection Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

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Driven by the growing concern regarding food safety among consumers along with the increasing prevalence of foodborne illness, the Global Food & Beverage Disinfection Market is Forecasted to reach nearly US$ 15 Bn by 2028 says Ken Research Study.

Food & beverage disinfectant plays a major role in health and hygiene. Disinfection is a technique that eliminates microorganisms like bacteria, fungi, and others, that can cause early deterioration and foodborne illness. Disinfection of food and beverage products can be done by technology and chemicals to ensure that the food is safe for consumption.

Ken Research shares 3 key insights on this high-demand market from its latest research study.

1. Growing Concern Over Food Safety Encourage Market Growth

The rising concern regarding food safety and packaged food among consumers along with increasing health concerns among consumers, especially in developing countries is anticipated to propel the growth of the Global Food & Beverage Disinfection Market. In addition, strict regulations laid by the government on food & beverage manufacturers to maintain food safety practices are likely to boost the growth of the market. However, the growing demand for organic and minimally processed food products may decrease the demand for processed or packaged food & beverages, which may hamper the growth of the market.

According to Ken Research estimates, the Global Food & Beverage Disinfection Market – valued at ~US$ 9 Bn in 2017 and estimated to reach ~US$ 10 Bn by 2022 – is expected to grow to ~US$ 15 Bn opportunity by 2028.

2. Rising Prevalence of Foodborne Illness Among Consumers is Driving the Market Growth

The increasing number of cases of foodborne illness due to the presence of foodborne pathogens, inorganic chemicals, and radioactive substances has increased the concerns within the Global food and beverage industry. Foodborne diseases are a major public health concern that has increased the demand for disinfectants among food and beverage manufacturers, and the packaging industry to offer safe food for consumers and to comply with the regulations laid by the government, which is likely to propel the growth of the market.

The below graph depicts the rise in cases of foodborne illness in Sweden due to campylobacter, a foodborne pathogen.

3. Lack of Technical Knowledge Is the Most Significant Barrier to the Growth of the Market.

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The serious gaps in knowledge of technology as well as the lack of skilled workers may hamper the growth of the market. Proper knowledge of disinfecting processing equipment, packaging equipment, surface disinfectant, and others is necessary to ensure compliance with the standards of governmental regulation. The inadequate knowledge and training among workers in the food & beverage industry may lead to serious problems such as outbreaks of harmful pathogens or foodborne diseases. The above-mentioned factor may hamper the growth of the market. For Instance, the National Sample Survey Office stated that due to the COVID-19 pandemic, there has been a huge decline in employment in the manufacturing sector in India, in which lack of skills shortage also plays a huge part.