As per the latest analysis by Reports and Data, the global market for Food Deaerators attained a valuation of USD 265 Million in 2018 and is anticipated to hit USD 434.5 Million by 2026, exhibiting a Compound Annual Growth Rate (CAGR) of 6.4%. The market growth can be attributed to the expansion of the Food and Beverage (F&B) industry, which has emerged as a significant factor.
Deaeration involves eliminating dissolved gases, including carbon dioxide and oxygen, from beverages. Dissolved oxygen can significantly alter the color and taste of beverages and impact filler performance negatively. Hence, it is essential to use optimally deaerated water to produce soft drinks, which is driving the industry's growth and making processed food a highly sought-after segment of the industry. Air and gas in liquid food products can deteriorate product quality in physical, chemical, and sensory terms.
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Top Companies Operating in the Global Food Deaerators Market Report:
GEA Group, JBT Corporation, Alfa Laval, SPX Flow, Stork Thermeq B.V, Parker Boiler, Cornell Machine Co., Fulton Thermal Corporation, Mepaco, Indeck Power Equipment Company
Further key findings from the report suggest
- The industry is growing at a CAGR of 8% in Asia Pacific followed by North America and Europe, with 6.5% and 6.3% CAGR, respectively. Higher consumption demand for F&B across the globe is the key factor to accelerate the market during forecast period across all regions.
- As of 2018, Oxygen Removal segment is one of the dominating deaerator function which holds 49% of the global market. North America market is one of the significant revenue generating source for this product segment, followed by Asia-Pacific and Europe regions
- Beverages is expected to be the fastest growing market segment during forecast period 2019-2026 with CAGR of 6.9%. However, High costs incurred in machineries and labor are the major challenges faced in this segment.
- Other Functions segment (that includes steam pressure control, water-level control, shelf life extension) was valued at USD 31.8 Million and is expected reach USD 50.75 Million by 2026
- The tray type desecrating heaters consist of a shell, spray nozzles to distribute and spray the water, a direct contact vent condenser, tray stacks and protective inter chamber walls. The chamber is constructed in low carbon steel, but more corrosion-resistant stainless steels are used for the spray nozzles and the other parts.
- North America is expected to account for the 32% of the global market. The large demography and population, and the adoption of latest technologies are likely to aid the high growth
- The Strict Government regulations towards the production of F&B and the high cost involved with the equipment purchase are likely to hinder the market growth during the forecast period.
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To assist readers in making profitable business decisions, the report is written with the help of industry analysts, market segmentation, and data collection. In addition to providing a comprehensive database of technological and product advances, the report provides detailed information on growth rates, market values, as well as niche market segments.
This report analyzes the Food Deaerators market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Food Deaerators market is provided to gain a deeper understanding of its growth and progress.
The global Food Deaerators market is segmented into:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Type (Revenue, USD Million; 2016–2026)
- Spray-Tray Type Deaerators
- Spray Type Deaerators
- Vacuum Type Deaerators
Function (Revenue, USD Million; 2016–2026)
- Oxygen Removal
- Water Heating
- Aroma & Flavor Retention
- Other Functions
Application (Revenue, USD Million; 2016–2026)
- Beverages
- Food
Key Questions Addressed in the Report:
· What are the dominating factors that are influencing the growth of the industry?
· In the forecast period, which market segment is expected to rise the most?
· What are the risks and challenges that the industry is facing?
· In the coming years, which area is projected to dominate the market?
· Who are the major players in the market? What kind of strategic business plans have they made?
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