The new report by Expert Market Research titled, ‘Global High-Pressure Processing (HPP) Foods Market Report and Forecast 2023-2028’, gives an in-depth analysis of the global high-pressure processing (HPP) foods market, assessing the market based on its segments like products, distribution channels, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
High-Pressure Processing (HPP) Foods Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 8.60%
Consumers seem to be gushing for good quality food products that have a higher shelf life. Companies are actively looking for methods and equipment that can help foods retain their natural flavour even after long shelf life of preservation. This is propelling the growth of the global market. High pressure processing equipment is one such cutting-edge innovation.
An upsurge in the demand for ready-to-eat food products owing to changing consumer lifestyle and rapidly growing urban population in developing economies, like India and China, is serving as a major growth impetus for the industry. Also, legislative measures to impose proper standards of health and hygiene, growing disposable income, and rising number of nuclear family households are adding momentum to the industry growth.
High-Pressure Processing (HPP) Foods Industry Definition and Major Segments
High-pressure processing (HPP), also known as high hydrostatic pressure processing, ultra-high-pressure processing, pascalisation, or cold pasteurisation, is a food processing technique that uses high pressure to improve food safety and, in some cases, organoleptic qualities and quality.
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By product, the market is segmented into:
• Meat and Poultry
• Juices and Beverages
• Fruits and Vegetables
• Seafood Products
• Others
By distribution channel, the market is divided into:
• Supermarket/Hypermarket
• Convenience Stores
• Online Retails
• Others
On the basis of region, the market is segmented into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
High-Pressure Processing (HPP) Foods Market Trends
Rising sales in food outlets, especially across quick-service restaurants, owing to a faced-paced lifestyle, are fuelling the growth of the global industry. An increase in online food ordering, rising per capita income, and proliferating urban population are some of the factors which have been favouring the business expansion in the region. A rise in the exposure of diverse food products via social media, coupled with technological advancements by major brands, are complementing the industry’s growth.
Most HPP applications are covered by juices and beverages, and meat products. Though HPP equipment in vegetable products has a relatively low presence, it is gaining prominence among food processing industries and is anticipated to witness a considerable growth rate during the forecast period. Further, increasing awareness among commercial food service providers regarding the latest updated food equipment positively impacts the global high-pressure processing (HPP) food industry outlook.
Key Market Players
The major players in the market are Hormel Foods, Cargill, Avure Technologies, FresherTech HPP, Hiperbaric, and Hain Celestial, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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