The global food & beverages industry pumps market is estimated to be valued at USD 9.9 billion in 2022. It is projected to reach USD 12.9 billion by 2027, recording a CAGR of 5.3% during the forecast period. During food & beverages operations maintaining hygienic processing conditions and preventing contamination are perhaps two of the biggest priorities. Food that is not handled properly or gets contaminated can have a detrimental effect throughout the supply chain. To achieve and maintain hygienic conditions and prevent contamination, the food & beverages industry employs a wide range of pumps for various processing applications.

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Food and Beverages Industry Pumps Market Key Companies and Analysis, Top Trends by 2027 | # Food and Beverages Industry Pumps Market

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Food and Beverages Industry Pumps Market Key Companies and Analysis, Top Trends by 2027

The Food and Beverages Industry Pumps Market size is projected to reach USD 12.9 billion by 2027, recording a CAGR of 5.3%. The global food and beverages industry pumps market report is segmented by Application, Type, Degree of Engineering, Pressure, and Geography.

The shelf-life testing market is estimated to be valued at USD 3.39 billion in 2018 and is projected to reach USD 4.76 billion by 2023, at a CAGR of 7.0%. The market is driven by stringent safety regulations for food products, increase in the outbreak of foodborne illnesses, and growing demand for packaged and convenience foods.

The shelf-life testing market, by parameter, is estimated to be dominated by the microbial contamination segment and is also projected to be the fastest-growing. Microorganisms pose serious health problems, resulting in strict regulations imposed by national governments and international bodies with respect to maximum content levels in food products. As a result, shelf-life testing is essential to ensure that the microbial content in the food product is limited to only a certain level throughout its shelf life, thereby contributing to consumer safety and complying with regulatory limits.

The packaged food segment, by food tested, is estimated to dominate the market during the forecast period. Rapid urbanization has led to changes in consumer lifestyles. Higher employment opportunities and increased disposable incomes have led to increased consumption of packaged food products, which has, in turn, necessitated shelf-life testing for these products.

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The Asia Pacific market is projected to grow at the highest CAGR from 2018 to 2023. Growth in the Asia Pacific region can be attributed to factors such as growth in the number of shelf-life testing laboratories in India and China, the rise in the number of incidences of bacterial infectious diseases in the region, and growing adoption of convenience and packaged food on the region.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as SGS (Switzerland), Bureau Veritas (France), Intertek (UK), Eurofins (Luxembourg), and ALS Limited (Australia). TÜV SÜD (Germany), TÜV NORD GROUP (Germany), Mérieux (US), AsureQuality (New Zealand), RJ Hill Laboratories (New Zealand), SCS Global (US), Agrifood Technology (Australia), Symbio Laboratories (Australia), Microchem Lab Services (Pty) Ltd (South Africa), and Premier Analytical Services (UK) are other players that hold a significant share in the shelf-life testing market.

 

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The global bakery premixes market size is estimated to be valued at USD 298 million in 2019 and is projected to reach USD 413 million by 2025, recording a CAGR of 5.6% during the forecast period. South America is the fastest-growing market and offers high growth prospects for bakery premixes manufacturers in the coming years. Due to the adoption of urbanized lifestyle in countries, such as Brazil and Argentina, the demand for bakery products remains high, thus driving the sales of bakery premixes in the region. In addition, in the mature markets of Europe and North America, consumers are opting for value-added products, such as whole-grain bread, ‘gluten-free,’ and organic, which is driving the sales of bakery premixes in these regions.

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The plant genomics market is estimated to account for a value of USD 7.3 billion in 2019 and is projected to grow at a CAGR of 8.3% from 2019, to reach a value of USD 11.7 billion by 2025. The increasing application of genomics in plant breeding and conservation of genetic resources are techniques that are gaining the attention of many researchers globally and are driving the growth of the market.

The molecular engineering segment is estimated to witness the fastest growth in the plant genomics market, in terms of value, from 2019 to 2025

Molecular engineering is the process of improving the genotypic characteristics of plants through the application of molecular markers. Plant molecular engineering is the process of modification of plant material or plants for the production of novel compounds or to improve the efficiency of beneficial products. The benefits associated with molecular engineering technologies are the major factors contributing to the fastest growth of this market, globally.

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The demand for healthy cereals & grains has created opportunities for seed manufacturers to adopt modern plant sequencing techniques

The growth in the adoption of various molecular breeding types, such as molecular engineering and genetic engineering tools, would increase the performance of crops to gain ****ter prices in the market. The focus of the plant breeders and plant sequencing companies is on cereals and grains because they are the staple diet of the population in almost all the regions, and as the population of the world is increasing, so is the demand for the staple food. Among cereals & grains, rice, wheat, and corn are majorly bred using plant breeding & sequencing techniques, to develop high-performing varieties. Rice, along with wheat and corn, underpins the global food supply.

The increasing demand for improved varieties in plants in the Asia Pacific region is driving the growth of the plant genomics market.

The key players in various countries of the Asia Pacific region are focusing on directing their investments toward biotechnology research on food crops and crops of high commercial value to cater to the increasing food requirements and to reduce poverty, particularly among resource-poor farming households. With the adoption of modern plant breeding techniques, new crop cultivars can be developed to ensure high crop productivity. Also, key strategies such as the adoption of advanced plant technology by the leading players in the Asia Pacific region ensure food security globally among the end-users. Also, the government in various countries of the region are encouraging companies to adopt these methods by investing in R&D of agricultural biotechnology.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the plant genomics market. It includes the profiles of leading companies such as Eurofins Scientific (Luxembourg), Illumina, Inc. (US), NRGene (Israel), Neogen Corporation (US), Qiagen (Germany), Agilent Technologies (US), KeyGene (Netherlands), LC Sciences (US), Traitgenetics GmbH (Germany), Novogene Corporation (China), Oxford Nanopore Technologies (UK), Genewiz (US), BGI Genomics (China), Genotypic Technologies (India), and Floragenex (US).

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