Aseptic processing is a food packaging technique used to extend the shelf life of foods by applying thermal processing and aseptic packaging that prevents recontamination of the sterilized food after packaging. It is used for packaging beverages, dairy products, liquid eggs, fruit juices, and dairy desserts which require sterility. Aseptic processing and packaging helps eliminate microorganisms and deliver microbiologically stable, shelf-stable products with extended shelf life without refrigeration for 4-6 months.
The global aseptic processing market is estimated to be valued at US$ 92.82 Bn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
Addressing growing food safety concerns across the globe presents a major market opportunity for aseptic processing. Packaged foods are at high risk of microbial contamination and foodborne illnesses if not processed and packaged properly. Aseptic processing eliminates microbial contamination during packaging and provides safe, sterile products with extended shelf lives. It helps address stringent food safety regulations and growing demand for safe packaged foods free from pathogens. Microbiological stability and extended shelf life offered by aseptic processing alleviate concerns around food spoilage. With rising health awareness, demand for packaged foods processed through advanced aseptic technology is expected to increase significantly.
Porter's Analysis
Threat of new entrants: The threat of new entrants is moderate as the aseptic processing market size requires high capital investments. Barriers to entry include high R&D costs, economies of scale, and intellectual property protections.
Bargaining power of buyers: The bargaining power of buyers is moderate to high due to the fragmented nature and presence of various substitutes. Buyers can negotiate better costs and terms.
Bargaining power of suppliers: The bargaining power of suppliers is moderate to high as the raw materials used are commodities and require compliance with stringent regulations. Suppliers hold more bargaining power over pricing.
Threat of new substitutes: The threat of new substitutes is moderate as alternative packaging techniques are available but aseptic processing offers better shelf life and is preferred for packaged foods and beverages.
Competitive rivalry: Competitive rivalry is high among the key global players to gain market share through new product launches and expansion to other geographies.
SWOT Analysis
Strengths: Long shelf life of products without preservatives, minimal processing and no thermal sterilization makes it ideal for heat-sensitive products.
Weaknesses: High capital investment and lack of standardized regulations in some regions. The aseptic processing equipment has higher maintenance costs.
Opportunities: Growing packaged food industry, demand for fresh and ready-to-eat products, and consumer preference for aseptically packaged products and drinks.
Threats: Stringent regulations pertaining to food quality and safety, and increased competition from substitute packaging technologies.
Key Takeaways
The global aseptic processing market is expected to witness high growth due to the rising demand for packaged and ready-to-eat food products. The market size was valued at US$ 92.82 Bn in 2023 and is expected to grow at a CAGR of 4.1% during the forecast period.
Regional analysis for aseptic processing market comprises fastest growing regions such as Asia Pacific and Latin America. The Asia Pacific region dominates the global market with over 35% share due to growing working population, rapid urbanization, and changing lifestyles in countries like India and China.
Key players operating in the aseptic processing market are Amcor Limited, Becton, Dickinson And Company, Robert Bosch GmbH, Aran Packaging (Aran Group), Dizaynpak Baski Ve Ambalaj Teknolojileri A.Ş., Ipi S.R.L., Sealed Air Corporation, And Schott AG. The major players are focusing on geographical expansion and new product launches to strengthen their market position.
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