by Aseptic processing is a food preservation technology that helps extend the shelf life of food products by applying heat to sterilize packaged products. It helps kill pathogens and microorganisms, allowing packaged food items like milk, fruit juices, syrups and even drinks to retain their quality and freshness for a longer duration without refrigeration.
The global Aseptic Processing Market is estimated to be valued at US$ 92.82 Bn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increased shelf life of packaged food and beverages has been a key factor fueling the growth of the aseptic processing market. Aseptic processing allows minimally processed foods and drinks to be packaged and sealed in sterile containers which helps extend their shelf life without refrigeration for over six months. This ability of aseptic packaging to maximize shelf life without requiring refrigerated storage and distribution has encouraged major food and beverage manufacturers to substitute conventional packaging with aseptic packaging. The flourishing ready-to-eat food market coupled with rising demand for packaged, convenient foods is expected to drive increased adoption of aseptic processing technology during the forecast period.
SWOT Analysis
Strength: Aseptic processing allows food and beverage products to be preserved for longer without using chemical preservatives, giving them a wider shelf life. It also retains more nutrients and organoleptic properties of food and beverages.
Weakness: Aseptic processing requires specialized equipment that is capital intensive. Maintaining sterility throughout the operation is challenging and errors can compromise product safety.
Opportunity: Rising demand for packaged and convenient food and beverages globally presents an opportunity for aseptic processing. The trend of clean label and organic products also supports growth in aseptic packaging.
Threats: Stricter regulations around food safety can increase compliance costs for players. Raw material price volatility also poses threat. New technologies like high pressure processing provide alternatives to aseptic processing.
Key Takeaways
Global Aseptic Processing Market Size is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis:
North America holds the major share of the aseptic processing market currently accounting for over 40% of the global demand. This is attributed to stringent food safety regulations in countries like the US and Canada. Asia Pacific is expected to exhibit fastest growth during the forecast period with China, India, Japan, and South Korea emerging as highly promising markets. Factors such as rising middle class, fast paced urbanization, and changing lifestyles are driving aseptic packaging adoption in the region.
Key players:
Key players operating in the aseptic processing market are Amcor Limited, Becton, Dickinson And Company, Robert Bosch Gmbh, Aran Packaging (Aran Group), Dizaynpak Baski Ve Ambalaj Teknolojileri A.Ş., Ipi S.R.L., Sealed Air Corporation, and Schott Ag. The market remains fairly consolidated with top players holding majority share. Amcor leads the market with its strong product portfolio and global presence. Innovation and expanding into emerging markets through organic and inorganic strategies are the focus areas for key companies to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
