The global Heat Transfer Fluids for Food Processing market was valued at USD 1142 million in 2023 and is projected to reach USD 1864.84 million by 2032, growing at a CAGR of 5.60% during the forecast period. This growth is driven by the increasing demand for processed foods, technological advancements in food processing equipment, and the need for energy-efficient solutions.
In North America, the market size was estimated at USD 326.83 million in 2023, with a projected CAGR of 4.80% from 2025 to 2032. The region's growth is fueled by the rising demand for processed meats and frozen foods, coupled with advanced manufacturing capabilities and strict food safety regulations.
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