The global food ultrasound market is anticipated to grow at a CAGR of 5.1% from 2023 to 2033, according to the most recent market research study by FMI. The market is anticipated to grow to a value of US$ 119.3 million in 2023. The worth is anticipated to increase to US$ 180.1 million by 2033.
The growing concerns about waste and prolonged processing times, food ultrasound has emerged as the most crucial component of the food and beverage industry. These two problems can be addressed with the use of food ultrasonic technology, which can also improve the application’s effectiveness. Considering food ultrasound is a very new and developing technology, there aren’t many companies with the resources and expertise to run ultrasonic processing equipment. Lack of expertise and labor scarcity may result in processing problems and increased raw material waste.
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To prevent this, companies have a greater possibility to hold instructive workshops and provide workers with the proper training. Along with the introduction of new products and technological advancements, the key companies also intend to carry out several strategic activities. In order to guarantee market growth, mergers, acquisitions, and expansions are some strategic approaches used by market players.
Key Takeaways:
- The food ultrasound market is predicted to record a CAGR of 1% through 2033.
- Consumer demand for a longer duration of storage, rising food quality awareness, and maximizing nutritional content in food are expected to drive the food ultrasound
- The food ultrasound market is anticipated to reach a valuation of US$ 119.3 million in 2023.
- The food ultrasound market is expected to surpass US$ 180.1 million by 2033.
- The food ultrasound market recorded a CAGR of 7% from 2018 to 2022.
Competitive Background:
The key players operating in the food ultrasound market are investing in mergers and acquisitions in order to gain a significant market share. The manufacturers are also investing in research and development, and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the food ultrasound market. As a result, market participants are likely to have a better overall revenue share in the global food ultrasound market.
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Recent Developments:
- The new ultrasonic technology that Abertay University created in December 2020 helped the food business tremendously. Owing to this technology, fruits, and vegetables now have a greater amount of nutrition. It can also be used to decrease and repurpose food waste by extracting bioactive compounds from food waste like orange peel and apple pomace.
- In March 2021, Sound Nutrition revealed a clean-label sweet snack that used an ultrasonic shaping technique. This method uses high-frequency, low-amplitude sound waves to preserve nutrients, create forms and textures, and enhance the taste.
Significant Key Players are:
- Hitachi Corporation,
- Siemens Healthcare
- Analogic Corporation
- FUJIFILM Holdings Corporation
- Koninklijke Philips N.V
- Esaote S.p.A
- Mindray Medical International Ltd.
- Robert Bosch GmbH
- Emerson Electric Co.
- Buehler’s Fresh Foods
- Dukane IAS
- Hielscher Ultrasonics GmbH
- Newtech
- Denny’s Franchisee Association
- Rinco Ultrasonics
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Key Segments
Food Product:
- Meat
- Beverages
- Fruits & Vegetables
- Dairy
- Bakery
- Other Food Products
Frequency Range:
- Low Intensity
- High Intensity
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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