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The food industry vacuum cooling equipment market size is estimated to grow at a CAGR of 3.85% between 2021 and 2027. The market size is forecast to increase by USD 6.77 million. The growth of the market depends on several factors such as the increasing emphasis on maintaining the quality of food, the need to reduce wastage in the food industry, and the increasing focus on reducing cooling time for food products. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
This report extensively covers market segmentation by type (air cooled vacuum cooler and water cooled vacuum cooler), application (baked products, meat products, fruits and vegetables, and readymade food), and geography (Europe, APAC, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges.
Food Industry Vacuum Cooling Equipment Market Forecast 2023-2027
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Vacuum cooling helps to maintain the freshness of a variety of foods, and these food products are crunchier than conventionally cooked and refrigerated products. Vacuum cooling is carried out under controlled conditions, which reduces the impact of microorganisms on the food product. Therefore, vacuum cooling is used to cool various food products such as bakery products, meat products, fruits, vegetables, and ready meals.
For example, vacuum-cooled meat products help tenderize meat and enhance the color, texture, and sweetness of the meat product. The growing focus on maintaining food quality is helping to increase the demand for vacuum coolers, thereby propelling the growth of the global food industry vacuum cooling equipment market during the forecast period.
Immersion vacuum cooling is typically used by various food processors to cool small and large food products because it has a fast cooling rate and improves the industrial productivity of the product without compromising its quality. Vacuum freezing provides rapid cooling, minimizing the formation of bacteria and mold in the meat. Immersion vacuum cooling helps to prevent moisture or weight loss from food products.
Moreover, immersion vacuum cooling is mainly used to cool meat products such as sausages, hams, cuts of meat, sliced ??meats, and cooked meats. Vacuum cooling soaking meat products enhances the tenderness and chewiness of meat. Hence, the increasing adoption of immersion vacuum coolers will drive the growth of the global food industry vacuum cooling equipment market during the forecast period.
Vacuum cooling is a method of evaporating water from food products at low pressure. This presents an important problem in using vacuum cooling to cool foods, such as meat products. For example, vacuum cooling of meat products can reduce weight and moisture. Due to the loss of moisture, meat products will become less tender, dry, and less dark in color. Loss of moisture can also affect the quality of a food product, which in turn affects its yield.
In the meat industry, large quantities of meat products are often cooked at the same time. Meat products are often priced based on their weight. As a result, a slight decrease in productivity will negatively affect the profitability of meat processing players, which may reduce the need for vacuum coolers in meat processing companies, thereby impeding the growth of the global food industry vacuum cooling equipment market during the forecast period.
The air cooled vacuum cooler segment will account for a major share of the market's growth during the forecast period.?An air-cooled vacuum cooler is a refrigeration system that uses vacuum technology and air circulation to rapidly cool food products. They offer a number of advantages to the food industry, such as the extended shelf life of food products, fast and efficient cooling, and energy savings, making them very popular in the food industry across the globe.
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The air cooled vacuum cooler segment was valued at USD 25.17 million in 2017 and continued to grow until 2021.?Air-cooled vacuum coolers provide many other benefits, such as better product quality, reduced water consumption, environmental friendliness, and reduced maintenance. Vacuum cooling also provides a sterile, tamper-proof environment that protects the integrity of these food products during transportation and storage. Hence, these factors are expected to increase the demand for air-cooled vacuum coolers, which will drive the growth of the global food industry vacuum cooling equipment market during the forecast period.
Based on application, the market has been segmented into baked products, meat products, fruits and vegetables, and readymade food. The baked products?segment will account for the largest share of this segment.?Vacuum cooling prolongs the crusting process of baked products, increasing the volume of consistency, and shelf life of baked goods. Vacuum cooling also contributes to optimal conditioning of bakery products for cutting and packaging. There is a growing consumer demand for high-quality baked goods in stable quantities, which can be achieved by using vacuum cooling for baked products. During the forecast period, the benefits of vacuum cooling can drive the growth of the food industry vacuum cooling equipment market.
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Europe is estimated to contribute 38% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The European market is growing due to the increasing use of vacuum coolers for processing products such as baked goods and fruits and vegetables. Countries like Germany, Italy, and France have huge baking industries.
Moreover, Germany is the largest producer of bakery products in the EU and exports many bakery products worldwide. Germany also cultivates processed fruits and vegetables such as tomatoes, vegetables, onions, apples, and grapes. Vacuum cooling equipment is used for the pre-cooling of fruits and vegetables after harvesting. Some of the major suppliers of vacuum coolers in Europe are Weber Cooling, Aston Foods International, BVT Bakery Services, and Revent. Hence, such factors are expected to drive the food industry vacuum cooling equipment market growth in this region during the forecast period.
In 2020, the outbreak of COVID-19 moderately impacted the regional food industry vacuum cooling equipment market. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown restrictions, which led to the resumption of operations in food and beverage manufacturing companies. This has helped suppliers operating in the food industry to meet the growing demand for food cooling in the region, thereby driving the development of vacuum coolers for the food industry market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Atlas Copco AB, Celtic Cooling, DC Norris and Co. Ltd., Dongguan COLDMAX Ltd., Dongguan Huaxian Technology Co. Ltd., Focusun Refrigeration Corp., Hochland SE, KoolJet, NIKKU INDUSTRY CO. LTD., Revent International AB, SHENZHEN ALLCOLD Co. Ltd., Shenzhen ICEUPS Refrigeration Equipment Co. Ltd., Southern Vacuum Cooling Inc., TRJ REFRIGERATION INC., ULVAC Inc., Verhoeven Family of Co., Weber Cooling International BV, WEC Group, and YASUJIMA Co. Ltd.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The food industry vacuum cooling equipment market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Food Industry Vacuum Cooling Equipment Market Scope |
|
Report Coverage |
Details |
Page number |
162 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.85% |
Market growth 2023-2027 |
USD 6.77 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.32 |
Regional analysis |
Europe, APAC, North America, South America, and Middle East and Africa |
Performing market contribution |
Europe at 38% |
Key countries |
US, China, India, Indonesia, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Agrimaint Inc., Atlas Copco AB, Celtic Cooling, DC Norris and Co. Ltd., Dongguan COLDMAX Ltd., Dongguan Huaxian Technology Co. Ltd., Focusun Refrigeration Corp., Hochland SE, KoolJet, NIKKU INDUSTRY CO. LTD., Revent International AB, SHENZHEN ALLCOLD Co. Ltd., Shenzhen ICEUPS Refrigeration Equipment Co. Ltd., Southern Vacuum Cooling Inc., TRJ REFRIGERATION INC., ULVAC Inc., Verhoeven Family of Co., Weber Cooling International BV, WEC Group, and YASUJIMA Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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