Food & Beverage Sterilizing Agent Market Share, Size, Competitive Strategies and Forecast 2019 – 2025; Global Market Insights Inc. The research report Food & Beverage Sterilizing Agent Market Size By Product (Hydrogen Peroxide, Peracetic Acid), By Application (Cereals & Pulses, Meat & Poultry, Beverages, Dried Fruits & vegetables, Dairy Ingredients), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025 says, Food & Beverage Sterilizing Agent market is expected to exceed USD 500 million by 2025. Hydrogen Peroxide Based F&B Sterilizing Agent Market to Gain Substantial Impetus Over 2019-2025, Proliferating Food Safety Concerns to Drive the Global Industry Expansion. The global food and beverage sterilizing agent market trends have been positively influenced by the expanding food processing industry that is expected to gain massive growth impetus over the coming years. Undeniably, the growth can be attributed to the prevalence of hectic lifestyles, rapid urbanization and greater participation of women in the workforce. These factors together have contributed to the surge in the popularity of packaged and processed foods, which in consequence, has added stimulus to the food and beverage sterilizing agent industry as sterilization is one of the most crucial steps in the food processing industry, the lack of which can pose as a formidable impediment to profitability.
For instance, in 2018 Del Monte Foods had to recall more than 64,000 cases of canned corn due to under-processing during commercial sterilization which sparked health concerns worldwide. Such under-processing could lead to food spoilage and even life-threatening conditions due to the presence of pathogens. Improperly canned food can lead to botulism which the Centers for Disease Control and Prevention describes as essentially an illness attacking the nervous system leading to muscle paralysis and even death. Food recalls are therefore essential for public safety, but a single recall can proof to be hefty setback for the food processing industry. Recalls not only result in disruption of operation but also millions in direct and indirect costs such as recalling stock and reputational damage. The U.S. Grocery Manufacturers Association estimated that food recalls result in direct costs of nearly $10 million to companies and around 5% companies incur over $100 million in direct and indirect costs.
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