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Food & Beverage Sterilizing Agent Market Share

Report ID: GMI3226
Published Date: Sep 2024
Report Format: PDF

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Food & Beverage Sterilizing Agent Market Share

Food & Beverage Sterilizing Agent Market Company Share, (2023)

Key players in the food & beverage sterilizing agent industry include prominent companies such as Solvay, Steris, Peroxy Chem, Evonik Industries, Mitsubishi Gas, Arkema, OCI Company Ltd., Hansol Chemical, and Taekwang Industry Co., Ltd. These companies play a critical role in shaping the market by offering a wide range of sterilization solutions that cater to the diverse needs of the food and beverage industry.

They are known for their strong product portfolios, which include advanced sterilizing agents like hydrogen peroxide and peracetic acid, as well as innovative equipment designed for efficient and effective sterilization processes. Their global presence, coupled with significant investments in research and development, allows these companies to continuously improve their offerings, ensuring they meet the stringent safety and regulatory standards required in different regions.

Moreover, these major market players are actively involved in strategic collaborations, mergers, and acquisitions to expand their market share and strengthen their competitive positions. For instance, companies like Solvay and Evonik Industries are focusing on sustainable and eco-friendly sterilization solutions in response to the growing demand for green technologies in the food and beverage sector.

Similarly, Steris and Peroxy Chem are investing in technological advancements to enhance the efficiency and reliability of their sterilization processes. The strong market positioning of these companies, driven by their innovation, strategic initiatives, and commitment to quality, is expected to propel the growth of the market in the coming years.

Food & Beverage Sterilizing Agent Market Companies

Top companies operating in the food & beverage sterilizing agent industry include:

Solvay
Steris
Peroxy Chem
Evonik Industries
Mitsubishi gas
Arkema
OCI Company Ltd.
Hansol Chemical
Taekwang Industry Co, Ltd

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of food & beverage sterilizing reached USD 361.7 million in 2023 and is set to grow at 4.5% CAGR from 2024 to 2032, led by the increasing demand for products with extended shelf life, particularly in the processed and convenience food segments.

The hydrogen peroxide product segment held a decent growth in 2023 and will reach USD 201.5 million by 2023, driven by its effectiveness as a powerful and versatile sterilizing agent, capable of eliminating a wide range of pathogens, including bacteria, viruses, and spores, without leaving harmful residues.

Asia Pacific market held a decent growth in 2023 and is set for remarkable growth, with its market value projected to reach USD 90.7 million by 2032, propelled by the rapid urbanization and population growth in the region.

Mitsubishi gas, Arkema, OCI Company Ltd, Hansol Chemical among others.