January 06, 2021
According to the business intelligence report titled ‘Global Food Deaerators Market Size study with COVID-19 impact, by Function (Oxygen removal, Water Heating, Aroma & Flavor retention and Other ), by Type (Spray-Tray Type Deaerators, Spray Type Deaerators and Vacuum Type Deaerators) by Application (Beverage and Food) and Regional Forecasts 2020-2027’, available with Market Study Report LLC, global food deaerators market was worth around USD 288.99 million in the year 2019 and is estimated to register a noteworthy CAGR of 5.75% during 2020-2027.
Research analysts cite that escalating demand for ready to eat food products coupled with rapid growth in the food processing vertical are augmenting the expansion of global food deaerators market size.
According to the IBEF (India Brand Equity Foundation), the food processing industry of India was worth USD 258 billion in 2015 and the valuation escalated to USD 400 billion in 2019.
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For the uninitiated, a food deaerator is a device that is primarily utilized for eliminating oxygen as well as other dissolved gases from beverages and meals in order to increase their shelf life and delay the fermentation or spoilage.
As per the research report, surging demand for meat products along with rising per capita consumption of beverages are further stimulating the global food deaerators market outlook. However, the imposition of stringent government norms as well as lockdown measures to battle the COVID-19 pandemic have slowed down business development.
Based on function, the overall industry is divided into aroma & flavor retention, water heating, oxygen removal, and others. With regards to type, the market comprises of vacuum type deaerators, spray type deaerators, and spray-tray type deaerators.
From a regional frame of reference, North America accounts for a majority of the global food deaerators market share presently and is expected to emerge as a major revenue generator through 2027, owing to rising per capita consumption of beverages.
Alternatively, Asia-Pacific food deaerators industry is predicted to grow with the highest compound annual growth rate during 2020-2027. Flourishing food processing sector along with surging demand for ready to eat foods are fostering the expansion of the regional market.
Major organizations that formulate the competitive dashboard of the industry are Fulton Thermal Corporation, Mepaco Group, Cornell Machine Co., Indeck Power Equipment Company, Parker Boiler Co., Stork Thermeq B.V., SPX FLOW Inc., Alfa Laval AB, JBT Corporation, and Kinova among others.