Global High Pressure Processing Equipment Market is expected to grow from $278.32 million in 2016 to reach $635.48 million by 2023 with a CAGR of 12.5%. Growing demand for packaged foods, raising health awareness & changing life style habits, and increasing focus on food safety are some of the factors boosting the market growth. In addition, technological advancements in HPP equipment, encouraging government policies for food technologies are other factors fuelling the market growth. On the other hand, strict regulations on food products, higher initial investment are some of the restraints limiting the market growth.
By orientation type, horizontal HPP equipment segment is expected to witness a higher CAGR during the forecast period. The growth is attributed to its simple & faster operation for food processing. Fruits & Vegetables application segment is dominating the global market with higher market share. North America is anticipated to hold the largest share in global market due to technological advancements and growing demand from U.S. Asia Pacific is anticipated to be a fastest growing region due to increasing urbanization & raising demand for packaged food.
Read more: High Pressure Processing Equipment