15.1% CAGR Observed for Non-Thermal Pasteurization Market during 2016-26

The global non-thermal pasteurization market was valued at USD 1,045.3 million in 2018 and is expected to reach USD 3,266.2 million in 2026, growing at a CAGR of 15.1% during the forecast period.

Non-thermal processing technology (NTP) is progressively being used at a fast pace in the food sector. The use of less heat in this technology offers various advantages such as the sensory and nutritional properties remaining unaffected, which helps in providing better quality products compared to traditional handling techniques. Many R&D operations have been conducted to improve the process to make it better for various food applications. In 2018, companies such as Bosh has introduced an advanced ultrasonic cutting technology for better packaging of food products. This latest technology exposes the products to lower stress and pressure, preserving their quality.

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Factors such as the growth in consumption of convenience foods, government investment in food processing machinery & equipment are boosting the growth of the global Non-Thermal Pasteurization market. This helps to decrease food processing time and energy consumption compared to traditional thermal techniques. These are expected to influence the innovations in the market to further enhance the market growth of non-thermal pasteurization, globally. Moreover, the massive change in the lifestyle of today’s millennial and growing production in developing countries are expected to enhance the market size. This also expected to open investment opportunities in the global market for the manufacturers in the coming years.

However, high capital cost affects product prices that are expected to hamper the growth of the non-thermal pasteurization industry. On the other hand, the growing use of high-pressure processing (HPP) toll processors and increasing government investment in establishing food processing may also provide a profitable chance for market players in the near future.

Key Findings:

• Based on technique, the pulse electric field segment is segment is growing rapidly in the Non-Thermal Pasteurization market with the highest CAGR of 19.4% in the forecast period.
• Based on application, the food & beverage segment accounts of the largest share in the market and are expected to grow at a CAGR of around 14.5% during the forecast period.
• North America accounted for nearly 41% share of the global non-thermal pasteurization market in 2018

Recent News:

• In Feb 2018, companies such as Mhenviron Group (Canada), Minh Hýng Group (Vietnam) And Avure Technologies signed a MoU to construct a high-pressure food processing technology plant in Vietnam.
• In Jan 2018, Bosch has introduced an innovative ultrasonic cutting technology to facilitate the enrobing and packaging of food products. This latest technology exposes the products to minimal stress and pressure, ensuring their quality.
• In June 2018, In order to improve its manufacturing ability, Multivac opened a new manufacturing plant in Bulgaria.