Market Highlights: Sterilizing Agents are significant level disinfectants that in specific conditions ensure disinfection as they eliminate all suitable types of microorganisms from articles and surfaces and this incorporates the evacuation or long-lasting inactivation of infections and bacterial spores. Food & beverage sterilizing agents are substances intensifies that are utilized to protect food items from defilement by microorganisms. In this process, Hydrogen peroxide is the most favored sterilant in food preparing inferable from its capacity to go about as an oxidizing and food and drink disinfecting specialist. Sterilant has their applications in various substances yet they are significantly utilized in dairy products particularly in milk items followed by meat and poultry items. Therefore, in a nutshell, this sterilizing agent is the chemical component that is used to protect food and beverages from microorganisms. The market study is being classified by Type (Hydrogen Peroxide, Peracetic Acid and Others), by Application (Cereals and Pulses, Meat and Poultry, Beverages, Dried Fruits and Vegetables, Dairy Ingredients and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Chile, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Indonesia, Thailand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Sweden, Belgium, Finland, Denmark, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Food & Beverage Sterilizing Agent are Solvay S.A. (Belgium), Steris (United States), Peroxy Chem LLC (United States), Evonik Industries (Germany), Mitsubishi gas etc. (Japan), Jubilant Life Sciences Ltd (India), Sterigenics (United States), Balchem Corporation (United States), Taekwang Industry Co, Ltd (South Korea) and Aditya Birla Chemicals (India).
Major Market Development Highlights In 2020, Evonik has successfully closed the acquisition of the US Company PeroxyChem after the responsible court in Washington D.C. dismissed the lawsuit filed by the Federal Trade Commission (FTC) to block the acquisition. This acquisition unlocks additional growth opportunities in the market for environmentally friendly disinfectants.
Key Questions Answered in the Report What will the Food & Beverage Sterilizing Agent Market size and the growth rate be in Future? What are the key factors driving the Food & Beverage Sterilizing Agent Market? What are the key market trends and macro-economic impacting the growth of the Food & Beverage Sterilizing Agent Market? What are the challenges to market growth? Who are the key vendors in the Food & Beverage Sterilizing Agent Market? What are the market opportunities and threats faced by the vendors in the Food & Beverage Sterilizing Agent Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Food & Beverage Sterilizing Agent Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Food & Beverage Sterilizing Agent market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Food & Beverage Sterilizing Agent market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Industry Associations, Government Regulatory Authority, Research and Development Institutions, Packed Food Products Manufacturers and Suppliers and Chemical Processing Organizations. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.