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WELLESLEY, MA --(Marketwired - February 24, 2016) - Asia-Pacific is driving most of the growth in the global market for membrane technologies in the food and beverage processing industry. BCC Research reveals in its new report that the region, which also holds the largest market share among all regions, should lead the global market with a five-year (2015-2020) compound annual growth rate (CAGR) of 7.4%.
Membranes for food and beverage processing technology are used as a physical barrier, a porous filter or a membrane to separate particles in a fluid. These particles are separated on the basis of their size and shape with the use of pressure and specially designed membranes with different pore sizes. Separation science is essential to the manufacture of food and beverage products. Evaporation, centrifugation, media filtration, distillation and solvent extraction are just a few of the traditional processes used in solid/liquid and liquid/liquid separations.
The global market should increase from about $4.2 billion to $5.8 billion in 2015 and 2020, respectively, reflecting a five-year CAGR of 6.7%. Nanofiltration technology, the fastest-growing technology segment of the market with a five-year CAGR of 10.6%, should reach $82.2 million and $136.1 million in 2015 and 2020, respectively. Nanofiltration membranes can remove virtually all cysts, bacteria, viruses and humic materials, as well as eliminate water hardness.
Microfiltration membrane technology, the largest segment of the market, should grow from $1.6 billion in 2015 to $2.2 billion in 2020, reflecting a five-year CAGR of 6.9%, which also is the second-highest rate among all tech segments. A key segment driver is the growing emphasis on limiting the concentration and number of chemicals used during water treatment. By removing pathogens, microfiltration membrane filtration can significantly reduce chemical additives like chlorination.
Asia-Pacific accounts for the highest market share of the global market followed by North America and Europe. In the that region's beverage industry segment, the growing application of membrane technologies for liquid-solid milk separation, concentration of whey proteins, clarification, concentration, fractionation, desalting and purification of different beverages is driving growth. The Asia-Pacific region should see a five-year (2015-2020) CAGR of 6.6% in this segment.
"Overall, Asia-Pacific's market for membrane technologies for food and beverage processing is expected to rise from almost $1.9 billion in 2014 to nearly $2.1 billion in 2015 at a year-on-year growth rate of 7.2%," says BCC Research analyst Aneesh Kumar. "This regional market segment should grow at a five-year CAGR of 7.4% to reach nearly $3 billion in 2020. Frozen shrimp and frozen boneless beef are becoming increasingly popular in China, India, Korea and Japan, driving solid growth for membrane technologies in that region's food processing segment."
Membrane Technology for Food and Beverage Processing: Global Markets (MST030C) analyzes the industry by technology, by type, and by end-user application. The report examines emerging applications, trends, pricing considerations, R&D, government regulations, and competitive technologies. Analyses of global market drivers and trends, with data from 2014, 2015, and projections of CAGRs through 2020 also are provided.
About BCC Research
BCC Research publishes market research reports that make organizations worldwide more profitable with intelligence that drives smart business decisions. These reports cover today's major industrial and technology sectors, including emerging markets. For more than 40 years we've helped customers identify new market opportunities with accurate and reliable data and insight, including market sizing, forecasting, industry overviews, and identification of significant trends and key market participants. We partner with analysts who are experts in specific areas of industry and technology, providing unbiased measurements and assessments of global markets. Recently selected as the world's greatest market research company, BCC Research is a unit of Eli Global, LLC. Visit our website at www.bccresearch.com. Contact us: (+1) 781-489-7301 (U.S. Eastern Time), or email email@example.com.
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