Aseptic Processing Market By Type (Natural Flavors,Natural Colors, Flours, Malt, Fruits ingredients), By Application (Food, Beverages) By Formulation (Dry, Liquid) - Global Opportunity Analysis and Industry Forecast, 2018-2023
Global Aseptic Processing Market was valued at USD 9.51 Billion for the year 2017. Aseptic Processing Market is further expected to grow at a CAGR of 4.98% from 2018 to reach USD 13.36 Billion by the year 2023.
Asia Pacific region holds the highest market share further this region is also considered as the fastest growing market in the forecasted period. Rising preference for eco-friendly packaging in countries such as China, Japan, South Korea and India is anticipated to grow at a steady pace in the next 5 years.
E.I. Du Pont De Nemours and Company (U.S.), Robert Bosch GmbH (Germany), SPX FLOW, Inc. (U.S.), IMA S.p.A (Italy) and Tetra Laval International S.A.
(Switzerland) are some of the top manufacturer in the Aseptic Processing Market with highest market share was held by Robert Bosch GMBH in 2017. Better global reach, both at production and at an operational level are the main reasons for holding this highest market share for Robert Bosch.
Better-quality equipment and improved technology are some of the key market drivers. Further New product launches and growing research and development expenditures to address changing demand of end users in recent years are also driving this market.
Organic growth strategies such as merger and acquisition were adopted by these top manufacturers in recent years has provided comprehensive market opportunities for various stakeholders in the value chain.
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Number of new product launches is driving the market demand
Changing lifestyle and consumers inclination towards convenience food
Comparatively high price for Aseptic Processing and Packaging material
Changing lifestyle in the untapped emerging market pose an opportunity for producers
Growing and uncovered nutraceutical market
Estimating the demand to cater production capacity
Economical and uninterrupted Raw material supply for the production
The natural flour segment is expected to hold the maximum market share during the forecasted period. With the increasing popularity and varied application base in bakery, confectionary, packaged foods demand for natural flour applications are helping this market to grow.
Natural colors is projected to be the fastest growing market in the forecasted period with the growing concern on the artificial color usage in the food item.
On the other hand, Processed Foods & Ready Meals application types for this market is expected hold the highest market share and the snacks application-based food to grow at the highest CAGR of X.X% during the forecasted period. The growth is attributed to the growing demand for new and innovative product launches.
Key Benefits for Stakeholders
Dairy Alternative Manufacturers, Distributors and Retailers
Raw material suppliers
Food Processing & Food Manufacturers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
End use industries
Regulatory bodies, policy actors and consumers.
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Starch & Sweeteners
Key Market Players
Kerry Group PLC
E.I. Dupont De Nemours and Company
Archer Daniels Midland Company
Koninklijke DSM N.V.
Tate & Lyle PLC
Chr. Hansen A/S
Sensient Technologies Corporation
(A brief overview of another 13 companies is also provided)
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