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
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.
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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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.
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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