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Global Market Insights, Inc. has added a new report on Food & Beverage Sterilizing Agent market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of market in tandem with its competitive terrain.

Food & Beverages Sterilizing Agent market will surpass USD 500 million by 2025; according to a new research report. Driven by increasing consumer demands and industry innovation, global food & beverage sterilizing agent market is set to achieve significant growth, accounting for over USD 500 million in 2025. Demographic shifts including migration, urbanization and rising middle class population are some of the factors reshaping consumer lifestyles which in turn is triggering demand for food preservation across the globe. Sterilizing agents stabilizes critical challenges in food and promote, raw material quality, food processing efficiency.

North America has registered itself as the strongest market for sterilizing agent followed by Europe pacific and Asia Pacific. Asia pacific has been witnessing a sizable consumer population coupled with a steady consumption in packaged food materials. Countries like China and India Indonesia, have evolved as prominent regions propelling growth, supported by evolving lifestyle, discounting in packaged food, rapid urbanization and increasing working population.

Hydrogen peroxide is widely accepted as the most popular sterilant in food & beverage industry holding almost half of the overall market share in product segment owing to is unique properties like it leaves no toxic residue, instant effectiveness and ease of handling which makes it ideal to be used in food processing. Food grade hydrogen peroxide of 30-35% composition is generally preferred in food processing operations. Chemical compounds like peracetic acid, propylene oxide and ethylene oxide are some other sterilant in the food market.

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Food & beverage sterilizing agent market is fragmented as major sterilant in food industry are hydrogen peroxide and peracetic acid based which are manufactured by ample number of companies. Some of the major market players in this industry are Solvay, Steris, Peroxy Chem, Evonik Industries, Mitsubishi gas etc. Arkema, OCI Company Ltd., Hansol Chemical, Taekwang Industry Co, Ltd.etc.

Companies are adopting various strategies to increase their revenue and to capture a greater market segment. for instance, Evonik introduces a new disinfectant active Hyprox AS which is containing hydrogen peroxide to be used in many applications including sterilization and in water treatment applications.

Food & beverage sterilizing agents are chemical compounds that are used to preserve food products from contamination by microorganisms. Hydrogen peroxide is the most preferred sterilant in food processing owing to its ability to act as an oxidizing and food & beverage sterilizing agent. The overall market is uplifted by growing food & beverage industry throughout the world especially in developed regions like North America and Europe. Sterilant have their applications in a number of areas but they are majorly used in dairy ingredients especially in milk products followed by meat and poultry products.

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Food & beverage sterilizing agent market is quite fragmented due to presence of number of players in food processing industry. Some of the major market companies are Evonik Industries, Solvay, Steris, Peroxy Chem, Mitsubishi gas etc. Scaling up of key players in the market through merger and acquisition is driving the demand of sterilizing agents in the sector. Introduction of marketing strategies with focus on shifting from similar benefits and same taste to clean ingredients and clear packaging will drive growth. For instance, Evonik has introduced a new disinfectant named active Hyprox AS in order to act as a food sterilizing agent with the aim to promote food safety.

Based on region, North America is the strongest market for food & beverages sterilizing agents generating a total revenue of USD 114.2 million in 2018. As the region is facing regulatory burden in food & beverage industry regarding health, safety and quality of food by FDA, American food processors are now adopting strategies to serve consumers with more healthy and long shelf life food products.

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