According to the recent research report titled ‘Food & Beverage Sterilizing Agent Market Size By Product (Hydrogen Peroxide, Peracetic Acid), By Application (Cereals & Pulses, Meat & Poultry, Beverages, Dried Fruits & vegetables, Dairy Ingredients), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait) Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’ available with MarketStduyReport, global food & beverage sterilizing agent market valuation is expected to cross USD 500 million mark by 2025.

The growth of global food & beverage sterilizing agent market is predominately driven by rapid technological innovation, increasing consumer demands, swift urbanization, increasing frequency of migration, and rising middle-class population.

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This marketplace is segmented based on product landscape, application type, and regional analysis. Further, the product segment is categorized on the basis of peracetic acid and hydrogen peroxide. Among these, the hydrogen peroxide segment holds at least half of the market share due to its instant effectiveness, no toxic residue, and ease of handling during food processing.

From the application perspective, the market is bifurcated into meat & poultry, beverages, cereal & pulses, dried fruits & vegetables, and dairy ingredients. The report cites that the dairy ingredients segment holds 25% of the market share and is anticipated to grow considerably during the forecast timeline due to the high consumption of milk-based products.

Meanwhile, the meat & poultry segment accounts for 18% share in global food & beverage sterilizing agent industry space and is expected to flourish by 2025, primarily due to its sterilization techniques to preserve some of its characteristics like texture, taste, and appearance of raw meat.

Moving forward with the regional analysis, global food & beverage sterilizing agent industry spans across North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. North America market generated revenues worth USD 114.2 million in 2018 and is predicted to show substantial gains by 2025.

Asia Pacific, on the other hand, is also poised to amass notable gains for the market participants given the growing population.

The major companies operating in global food & beverage sterilizing agent market are Evonik Industries AG, National Peroxide Ltd., Jubilant Life Sciences Ltd., Aditya Birla Chemicals Ltd., AkzoNobel N.V., Peroxy Chem LLC, Taekwang Industry Co. Ltd., Mitsubishi Gas Chemical Company, Hansol Chemical Co. Ltd., OCI Company Ltd., Balchem Corporation, Sterigenics, Solvay S.A., and Steris Corporation.