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India is Estimated to Be the Fastest-Growing Market for Food & Beverage Disinfection

(Food-Beverage-News.Com, February 12, 2020 ) The food & beverage disinfection market is estimated at USD 148.9 million in 2018, and is projected to reach a value of USD 178.2 million by 2023, growing at a CAGR of 3.7%. The market is primarily driven by factors such as growing instances of foodborne disease outbreaks and technological advancements in food & beverage disinfection methods. However, the rise in demand for minimally processed food products and the maintenance of proper process control are few factors, which are expected to restrict the growth of the food & beverage disinfection market in the long run.

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“On the basis of the application area, food surface is projected to be the fastest-growing segment in the food & beverage disinfection market during the forecast period.”

Based on the application area of the food & beverage disinfection, the food surface segment is projected to grow at the highest rate. The rise in focus on food safety and occurrences of foodborne illnesses, along with the increase in criticality on providing better control over product quality to the manufacturers, is supporting the growth of disinfection of food surface in the food & beverage disinfection market.

The beverage industry segment accounted for the largest market share in the food & beverage disinfection market, by end use

On the basis of end use, the beverage industry accounted for the larger market share in 2017. Majority of the disinfection technology and chemicals available in the market are manufactured commercially to carry out the disinfection of water, as it is a major sector. Also, the rise in the number of breweries, mainly craft microbreweries and brewpubs, in the US presents the beverage disinfection market with growth opportunities, as disinfection of equipment and water forms the core of the brewing industry.

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Asia Pacific projected to be the fastest-growing region in the food & beverage disinfection market during the forecast period

Asia Pacific is projected to grow at the highest rate over the next five years. The increase in urbanization, the rise in purchasing power, change in consumer preference for high-quality packaged food products, and awareness about food quality and safety provide promising prospects for growth in the region’s food safety sector. Also, occurrences of several foodborne outbreaks in countries such as China has resulted in the strengthening of food safety standards by the Chinese government. This offers opportunities for the growth of the food & beverage disinfection market in this region.

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Mr. Shelly Singh


Source: EmailWire.Com
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