High-Pressure Processing Equipment Market is Expected to Reach $1.23 Billion by 2030-Allied Market Research

According to a new report published by Allied Market Research, titled, “Global High-Pressure Processing Equipment Market By Orientation Type, End User, Vessel Volume, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,”

The global high-pressure processing equipment market was valued at $404.6 million in 2020, and is expected to reach $1,238.3 million by 2030, with a CAGR of 11.2% from 2021 to 2030. In 2020, North America dominated the global high pressure processing equipment market, in terms of revenue, accounting for around half share of the global high-pressure processing equipment market.

The report analyzes the global high-pressure processing equipment market on the basis of application, end user, orientation type, vessel volume, and region. The applications covered in this report are fruits and vegetables, seafood and meat, juice and beverages, and others. By end user, the market is divided into food and beverage industry and pharma and cosmetics industry. By orientation type, the market is bifurcated into vertical and horizontal. Based on vessel volume, the market is classified into less than 100L, 100-500L, and more than 500L. The market is driven by development in the food packaging industry and economic growth globally. However, fluctuation in raw material prices is anticipated to hamper the growth of the global high-pressure processing equipment market.

High-pressure processing equipment is used for milk processing, pasteurization processing, seafood processing, and ready-to-cook food products, which, in turn, surges the demand for processing equipment, thereby driving the growth of the global high pressure processing equipment market.

Major players, such as Avure Technologies Inc and Stansted Fluid Power Ltd, launched new high-pressure processing equipment products to the market. For instance, Stansted Fluid Power Ltd offered new pilot homogenizers for pharmaceutical and food industries. It has working pressure of up to 420 Mpa (60,000 psi, and 4,200 bar), with a storing capacity of 125 l/hr. It has a piston valve, which is used to operate the flow of operation. It has a corrosion resistant material.

During lockdown, due to the COVID-19, various manufacturers in the high-pressure processing equipment market had to shut down their business activities due to lockdown initiated in countries such as the UAE, India, Brazil, and others. This break has directly impacted the sales of high-pressure processing equipment manufacturing companies globally. For instance, the net sale of JBT Corporation dropped by 11.2% from January 2020 to December 2020. In addition, lack of raw materials, disruption in supply chain, and lack of manpower halted the supply chain of high-pressure processing equipment. However, the re-initiation of the global high-pressure processing equipment industry and availability of vaccines for coronavirus disease are projected to lead to the opening of the global high-pressure processing equipment market at their full-scale capacities.

The global high-pressure processing equipment market is segmented on the basis of application, end user, orientation type, vessel volume, and region. On the basis of application, the market is divided into fruits and vegetables, seafood and meat, juice and beverages, and others. The juice and beverages segment generated the highest revenue in 2020. Based on end user, the market is bifurcated into food and beverages industry and pharma and cosmetics industry. The food and beverages industry segment dominated the market in 2020. On the basis of orientation type, the market is categorized into vertical and horizontal. The horizontal segment generated the highest revenue in 2020. By vessel volume, the market is divided into less than 100L, 100-500 L, and more than 500 L.

Region-wise, the global high-pressure processing equipment market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, Australia, and the rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, North America was the highest contributor to the global high-pressure processing equipment market share, and is anticipated to secure a leading position during the forecast period.

Key Findings Of The Study

• Depending on application, the juice and beverages segment was the largest revenue generator in 2020.
• By end user, the food and beverages industry segment generated the highest revenue in 2020.
• Based on orientation type, the horizontal segment generated the highest revenue in 2020.
• Based on vessel volume, the 100-500 L segment generated the highest revenue in 2020.
• Region-wise, North America is anticipated to dominate the global high-pressure processing equipment market throughout the study period.
• The report provides an extensive analysis of the global high-pressure processing equipment market trends and emerging opportunities of the market. 
• The global high-pressure processing equipment market forecast analysis from 2021 to 2030 is included in the report.