Global Food & Beverage Sterilizing Agent Market Overview:
Sterilizing Agents are significant level disinfectants that in specific conditions ensure disinfection as they eliminate all suitable types of microorganisms from articles and surfaces and this incorporates the evacuation or long-lasting inactivation of infections and bacterial spores. Food & beverage sterilizing agents are substances intensifies that are utilized to protect food items from defilement by microorganisms. In this process, Hydrogen peroxide is the most favored sterilant in food preparing inferable from its capacity to go about as an oxidizing and food and drink disinfecting specialist. Sterilant has their applications in various substances yet they are significantly utilized in dairy products particularly in milk items followed by meat and poultry items. Therefore, in a nutshell, this sterilizing agent is the chemical component that is used to protect food and beverages from microorganisms.
- Growing food & beverage industry in different countries across the globe
- Increasing health concerns among consumers and awareness towards using ready to eat meals
- Strict government rules and regulations in the food industry
- Negative health impacts of consuming hydrogen peroxide might lead to vomiting, pain, and irritation in the skin, etc.
- Improving the shelf life of food and reduce wastage by utilization of sterilizing agent
- Increasing purchasing power of consumers together with health and hygiene concerns in the developing regions
- Reduction of the side effect of the food and beverage sterilizing agent
- Increase utilization of different sterilization techniques
The food & beverage sterilizing agent market is fragmented because due to the availability of various players, manufacturing hydrogen peroxide and peracetic acid. The companies are also involved in the research and development process to deliver safe and without health impact and avail competitive advantage.
Some of the key players profiled in the report are Solvay S.A. (Belgium), Steris (United States), Peroxy Chem LLC (United States), Evonik Industries (Germany), Mitsubishi gas etc. (Japan), Jubilant Life Sciences Ltd (India), Sterigenics (United States), Balchem Corporation (United States), Taekwang Industry Co, Ltd (South Korea) and Aditya Birla Chemicals (India). Additionally, following companies can also be profiled that are part of our coverage like AkzoNobel N.V. (Netherlands), OCI Company Ltd. (South Korea), Hansol Chemical (South Korea), National Peroxide Ltd (India) and Arkema (France). Analyst at AMA Research see United States Vendors to retain maximum share of Global Food & Beverage Sterilizing Agent market by 2026.
Latest Market Insights:
On 3 Feb 2020, Evonik has successfully closed the acquisition of the US Company PeroxyChem after the responsible court in Washington D.C. dismissed the lawsuit filed by the Federal Trade Commission (FTC) to block the acquisition. This acquisition unlocks additional growth opportunities in the market for environmentally friendly disinfectants.
Food Safety and Security Authority of India (FSSAI) is the governing body, that provides guidelines to the food and beverages industry regarding the utilization of different chemical compounds to protect food and they continuously provide a different update for the utilization of chemicals.
What Can be Explored with the Food & Beverage Sterilizing Agent Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Food & Beverage Sterilizing Agent Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Food & Beverage Sterilizing Agent
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Food & Beverage Sterilizing Agent market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Food & Beverage Sterilizing Agent market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Industry Associations, Government Regulatory Authority, Research and Development Institutions, Packed Food Products Manufacturers and Suppliers and Chemical Processing Organizations.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Food & Beverage Sterilizing Agent Market?
The Food & Beverage Sterilizing Agent market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Food & Beverage Sterilizing Agent Market?
Top performing companies in the Global Food & Beverage Sterilizing Agent market are Solvay S.A. (Belgium), Steris (United States), Peroxy Chem LLC (United States), Evonik Industries (Germany), Mitsubishi gas etc. (Japan), Jubilant Life Sciences Ltd (India), Sterigenics (United States), Balchem Corporation (United States), Taekwang Industry Co, Ltd (South Korea) and Aditya Birla Chemicals (India), to name a few.
3. What trending factors would impact Food & Beverage Sterilizing Agent Market growth most?
"Growing consumerís desire to improve their standard of living with a leisure experience
" is seen as one of major influencing trends for Food & Beverage Sterilizing Agent Market during projected period 2020-2026.