The High-Pressure Processing (Hpp) Equipment Market is being driven by Growing need to reduce contamination of food products
The High-Pressure Processing (Hpp) Equipment Market is expected to grow at a CAGR of 15.2% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 479 million. In the global High-Pressure Processing (HPP) equipment market, there is a heightened focus on new product launches as a significant trend. With the increasing demand for HPP technology in sectors such as food and beverage, cosmetics, and pharmaceuticals, companies are intensifying their initiatives to bring forth innovative equipment and solutions. For instance, Hiperbaric recently introduced the Hiperbaric 20 HIP, a leading-edge hot isostatic pressing (HIP) system. Capable of applying pressures up to 2,000 bar and temperatures up to 2,000 degrees C, this system caters to small-scale production and research and development projects. Its compact and versatile structure sets it apart in the market.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
175 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 15.2% |
Market growth 2024-2028 |
USD 479 million |
Market structure |
fragmentation |
YoY growth 2023-2024(%) |
12.87 |
Key countries |
US, Spain, Canada, China, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The High-Pressure Processing (HPP) Equipment Market is witnessing significant growth due to the increasing demand for safe and natural food products with extended shelf life. Large production plants are adopting HPP technology to process packaged beverages, juices, and ready-to-eat meals using cold processing techniques. HPP vessels come in various sizes, from small lab units to large industrial ones with vessel volumes exceeding 10,000 liters. HPP is used for processing dairy products, juices, vegetables, fruits, poultry, meat, and seafood, among others. HPP equipment manufacturers like Hiperbaric offer both vertical and horizontal HPP systems to cater to different industry requirements. HPP replaces the need for chemical preservatives, making it an attractive alternative to traditional canning and pasteurization methods. Food safety regulations are driving the demand for HPP technology as it ensures the safety and quality of food products without compromising their nutritional value. The market for HPP equipment is expanding to include tolling services for various industries, including plant protein, dairy, meat products, and juices and beverages. Ultra-high-pressure processing (UHP) and high-hydrostatic-pressure processing (HHP) are advanced HPP techniques used for processing various food products.
The industrial machinery and supplies and components market encompasses businesses involved in the production of machinery and components, including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. According to Technavio's market analysis, the global industrial machinery and supplies and components market size is determined by the consolidated revenue generated by manufacturers supplying equipment for industrial applications. The expansion of the global economy, particularly in developing countries, is driving growth in industries such as energy, chemicals and petrochemicals, pulp and paper, and processed food and beverages, leading to increased demand for industrial machinery and components.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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