Pune, India, February 01, 2019 -- /360iResearch/ -- The report "Global High Pressure Processing Equipment Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q4 2018 Update)", published by 360iResearch, states that the global market was valued at USD 463.66 million in 2017 and is projected to reach USD 1,010.77 million by 2024, growing at a CAGR of 11.78% from 2017 to 2024.
The major forces driving the growth of the high pressure processing equipment market include the need to increase shelf-life and reduce/eliminate the need for preservatives and additives and increasing consumption of packaged foods. Moreover, increased production of ready-to-cook meat is also one of the factors that is driving the market growth. However certain factors such as the regulatory constraints may hinder the market growth. In the middle of difficulty lies opportunity such as the government support and assistance towards developing food preservation technologies, and growth in the usage of hpp toll processors. The possible challenges for the market growth are investment burden and operating costs, and reduction in energy consumption by hpp equipment. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on orientation, the global high pressure processing equipment market is studied across Horizontal HPP Equipment, and Vertical HPP Equipment. Based on vessel volume, the global high pressure processing equipment market is studied across 100l to 250l, 250l to 500l, Less Than 100l, and More Than 500l. Based on application, the global high pressure processing equipment market is studied across Fruits & Vegetables, Juices & Beverages, Meat, and Seafood. Based on geography, the global high pressure processing equipment market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the high pressure processing equipment market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Avure Technologies Inc., BAO TOU Kefa High Pressure Technology Co., Ltd, Chic Freshertech, Hiperbaric Espana, Kobe Steel Ltd., Multivac Sepp Haggenmüller Se & Co. Kg, Next HPP, Stansted Fluid Power Ltd., Thyssenkrupp AG, and Universal Pasteurization Co..
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