Neogen Completes Merger of 3M’s Food Safety Business

PORTLAND, Oregon – Allied Market Research published a report titled, “Industrial Food and Beverage Filtration Systems Market by System Type (Liquid Filtration System, Air Filtration System), by Product Types (Dust Collector , Cartridge Collector, Bag Filter, Basket Centrifuges, Others), by Application (Beverages, Food & Ingredients, Dairy Products, Others): Global Opportunities Analysis and Industry Forecast, 2021-2031.’ According to the report, the global food and beverage industrial filtration systems industry generated $1.1 billion in 2021 and is expected to generate $1.9 billion by 2031, growing at a CAGR of 5.6% 2022 to 2031.

Main determinants of growth

Strict government regulatory standards to maintain the quality of food and beverage products, expanding food and beverage manufacturing facilities, and increasing sales of packaged food and beverages are driving the growth of the global market for industrial filtration systems for food and beverages. However, technical issues in the filtration process are limiting the market growth. Additionally, new food and beverage filtration system launches present new opportunities in the coming years.

  • The outbreak of Covid-19 pandemic has negatively impacted the global Industrial Food and Beverage Filtration Systems market, owing to the strict lockdown imposed by the governments of various countries, which has significantly hampered the food and beverage industry.
  • Additionally, the demand for industrial food and beverage filtration systems has decreased significantly in 2020.
  • The companies stopped manufacturing the filtration system due to supply chain disruptions, unavailability of raw materials and lack of manpower.
  • Nevertheless, the reopening of businesses at full capacity should help the market recover from the pandemic.
  • The Liquid Filtration Systems Segment to Maintain Its Leading Status Throughout the Forecast Period

Based on system type, the liquid filtration systems segment held the highest market share in 2021, accounting for more than two-thirds of the global food and beverage industrial filtration systems market, and is expected to maintain its status. leader throughout the forecast period. Increase in waterborne diseases and increase in water pollutants such as chemicals, nitrates and heavy metals in water supply due to industrial pollution are driving the growth of the market . However, the air filtration systems segment is expected to show the highest CAGR of 6.6% from 2022 to 2031, due to factors such as low cost, better emission levels and operating pressure. .

The Basket Centrifuge Segment to Maintain Its Leading Status Throughout the Forecast Period

Based on product types, the basket centrifuge segment held the highest market share in 2021, accounting for nearly a quarter of the global food and beverage industrial filtration systems market, and is expected to maintain its status as leader throughout the forecast period. an increase in the filtration of industrial effluents in developing countries, such as Brazil, China and India, combined with the implementation of regulatory requirements to monitor water quality in developed countries, stimulates market growth. However, the bag filter segment is expected to show the highest CAGR of 7.7% from 2022 to 2031, attributed to its use in numerous industrial applications to capture particulates.

The beverage segment to maintain its leading position during the forecast period

Based on applications, the beverage segment accounted for the largest share in 2021, contributing more than a quarter of the global food and beverage industrial filtration systems market. This is because filtration helps maintain consistent, premium water, flavor and CO2 in beverages. However, the dairy segment is expected to maintain its leading position in 2031 and is expected to show the highest CAGR of 7.3% from 2022 to 2031, owing to the increase in the food and dairy sector in both developed and developing countries such as India, China and Germany. and France.

North America will maintain its dominance by 2031

By region, North America held the highest market share by revenue in 2021, accounting for nearly two-fifths of the global food and beverage industrial filtration systems market. Food and beverage safety regulations such as the Food and Drug Administration (FDA) and Food Safety and Inspection Service (FSIS) require companies to manufacture food and beverage filtration systems in this region. However, the Asia-Pacific region is expected to maintain its leading position in 2031 and is expected to witness the fastest CAGR of 7.2% from 2022 to 2031. This is attributed to the growth of the food and beverage industry in the countries. developing and developed such as India, China, Japan and Singapore.

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