Latin America High Pressure Processing Equipment Market

Latin America High-Pressure Processing Equipment Market Analysis:

The Latin America High-Pressure Processing Equipment Market is expected to develop with a reasonable growth rate throughout the foreseen period (2022 - 2027). The global food industry is actively moving towards innovative proposals and the development of new products through the latest processing methods that allow them to do things better than before. High pressure processing equipment is among the novel innovations in the food industry. In high-pressure processing equipment, foods that are already sealed inflexible, water-resistant packages are subjected to a high level of hydrostatic pressure for a few seconds to a few minutes. This type of high-pressure cold pasteurization technique is natural and environmentally friendly. High-pressure processing equipment helps maintain fresh food characteristics such as nutrients and flavors.

Recent Developments

On June 26, 2019, Avure Technologies launched a new high pressure meat processing technology, that is, the meat processing equipment for fresh minced meat retains its natural appearance and texture for the high-pressure process.

On April 30, 2019, MULTIVAC shook hands with LEIPA Georg GmbH and Koehler Paper Group to improve the usage of the packaging of fresh foods.

New York State Senator Michael F. Nozzolio announced $ 600,000 in funding for a new food processing technology at Cornell University that is expected to help revolutionize the food processing industry. Unlike traditional food processing methods, the Hiperbaric 55 uses pressures in excess of 80,000 psi to kill pathogens in a rapid treatment that it only takes two to three minutes.

Market Drivers and Restraints:

The growing demand for packaged foods acts as a key driver for the Latin America High Pressure Processing Equipment Market. In some developing countries, people are changing their eating habits, they are buying more packaged foods. The food industry focuses on preserving the sensory characteristics of food after processing in high pressure processing equipment. The growth rate of high pressure processing equipment is highly dependent on consumer confidence in the safety of high pressure processed food products. Fruits and vegetables are foreseen to register the leading share in terms of the application of high-pressure processing equipment. Major players in the Western European nations implement this kind of equipment for making canned food. The rising consumer awareness related to the benefits of this high pressure processing equipment among food business operators is supposed to promote the demand in the global high pressure processing equipment market. Meat processing is considered as prominent among the main applications in the Latin American area. Furthermore, seafood processing is expected to open up new opportunities for the growth of the global high-processing equipment market. High pressure treatment equipment is quite expensive and this factor can act as a brake on your market growth.

Market Segmentation:

The Latin America High Pressure Processing Equipment Market can be classified by four categories, namely orientation type, vessel volume, application, and end-user. If we use the orientation type, the market for High Pressure Processing Equipment is segmented into horizontal HPP equipment and vertical HPP equipment. The horizontal category recorded the fastest expansion rate by orientation type in the HPP equipment market because of the rising call for such equipment for the packaging and food processing. This equipment has advantages such as reassembly, disassembly, easy installation, and higher flow capacity. It is less heavy because the weight of the equipment components is distributed throughout the orientation. Also, it requires less time and maintenance for food processing. Based on the volume of the container, the market is classified into less than 100 liters, 100 liters to 250 liters, 250 liters to 500 liters and more than 500 liters. In addition, by application, the market is divided into fruits and vegetables, meat, juices and drinks, seafood and others. Fruits and vegetables are the leading applications in the worldwide high-pressure processing equipment. Guacamole, jams and jellies are high-pressure processes to keep the taste fresh and of better quality. Last but not least, based on the end user, the market is segmented into large production plants, small and medium-sized companies and groups.

Impact of COVID-19 on Latin America High Pressure Processing Equipment Market

COVID-19 will continue to impact the food industry and its supply chains. Meeting short-term demands shouldn't be a major challenge for most companies in the food industry, but industry experts and analysts have expressed a lack of clarity on the degree and extent of the impact sprouts. Due to this uncertainty, the F&B sector experienced delays in the supply of products. Many companies have launched contingency plans to build in-depth supply chain facilities across the country. Food retailers remain committed to preserving local supplies to combat the danger of interregional transportation bans. Food manufacturers with services in other countries have begun working with local suppliers to keep products moving and overcome potential ingredient shortages. The F&B culture that had flourished over the past decades will have to see new challenges with the slowdown of the Corona virus, such as recovering from losses and a preference for ordering food online.

Regional Analysis:

The Latin America High Pressure Processing Equipment market has been categorized by geography into Mexico, Brazil, Peru, Chile, and the rest of Latin America. The advanced economies in Latin America, such as Mexico, contribute majorly to the global market. The increasing use of different volumes of vessels increased research activities on the importance of using cold processing techniques, and increased awareness of the types of products that can be beneficial through the use of high-pressure processing technology are the main growth factors in this market.

Leading Company

Avure Technologies Inc. had the largest share of the Latin America High-Pressure Processing Equipment Market in terms of sales and revenue in 2019.

Key Players

Key players in the Latin America High-Pressure Processing Equipment Market include ThyssenKrupp AG, Avure Technologies Inc., Next HPP, Universal Pasteurization Co., Stansted Fluid Power Ltd., Multivac Sepp Haggenmuller Se & Co. KG, Kobe Steel, Ltd., CHIC FresherTech, Bao Tou KeFa High-Pressure Technology, and Hiperbaric Espana.