Global High Pressure Processing Equipment Market: Key Highlights
Global High Pressure Processing Equipment Market: Key Market Dynamics
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Global High Pressure Processing Equipment Market: Regional Overview
Increasing consumer preference of minimally processed food products for consumption of nutrient rich food is driving the demand for HPP technology. For instance, as per American Institute for Cancer Research, 30.2% of the total food intake encompasses of unprocessed or minimally processed foods containing active nutrients. Growing awareness regarding loss of essential nutrient while processing of ultra-processed food in US is generating higher demand for alternative food processing solutions.
Asia-Pacific is the emerging market for the HPP equipment market owing to prominent economies such as China & India with rising disposable income, changing consumer patterns and preferences especially millennial population towards healthy and minimally processed food products. Middle class population in the Indonesia is growing at a rapid scale, as per the World bank, 52 million (20%) of the total Indonesian population comes under middle class population contributing for 43% of total household consumption. In addition to this, increasing higher voluntary spending capacity towards nutrient dense food products, is acting as driving force for the growth of HPP equipment market.
Global High Pressure Processing Equipment Market: Key Players Overview
Hiperbaric designs, manufactures and markets the high pressure processing equipment within the food processing industry. The company has strong foothold in the Europe, North America, Latin and central America, Asia and Africa for providing the HPP equipment in processing of meat, fish and seafood, along with fruit and vegetables, juices and beverages, dairy products. Products range for HPP equipment includes HIPERBARIC 55, HIPERBARIC 135, HIPERBARIC 300, HIPERBARIC 420, HIPERBARIC 525, and HIPERBARIC 525 and 1050 bulk.
Avure Technologies Inc. operates worldwide through manufacturing and installation of HPP equipment. The product portfolio is inclusive of AV-40X Expandable to 70X, AV-20M Expandable to 40M, AV-10 and AV-S for maintaining shelf-life, taste of fruits, vegetables, seafoods, ready-to-eat meals. In February 2017, technology solution provider, JBT technologies acquired Avure Technologies, Inc. at a purchase price of USD 57 million with the aim of expanding adoption of HPP in the protein and beverages.
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