The global F&B air filtration market size was valued at USD 838.1 million in 2015. The increasing awareness about health concerns, such as obesity and heart diseases, has enhanced the demand for better quality products in the market.
Increasing demand for gluten-free products among consumers is also expected to drive the growth over the forecast period. The health benefits associated with fermented foods have led to higher demand, owing to the increased awareness among western consumers. Technologies such as High-Pressure Processing (HPP) are also expected to grow over the forecast period.
Furthermore, clear packaging and clean labels in the F&B industry are anticipated to grow continuously over the forecast period.
Global Food & Beverage Air Filtration Market, 2014 - 2024 (USD Million)
Rising popularity of organic farming has prompted concerns over safety with an increase in the use of chemical fertilizers and growth promoters. The increasing demand for finer filtration has induced the expenditure and product demand in the industry.
Furthermore, the high initial cost in terms of investments, which include the purchase and operating costs associated with the F&B air filtration systems, may hinder the demand. However, the impact is expected to reduce over the forecast period with the increased installation of air filters.
Dust collectors are estimated to lead the industry. In 2015, the dust collectors are accounted for the highest share in the F&B air filtration market. One of the important reasons behind this is the growing need for a dust-free environment. Increasing productivity with improved product quality and reduced product contagion caused by contamination during the manufacturing process has influenced the dust collector demand in a positive manner.
HEPA filters are expected to witness the highest growth over the forecast period. The ability to collect dust particles of less than 5 microns, thus reducing the contamination up to 99.97%, is expected to enhance the market growth. HEPA filters are capable of eliminating smoke, dust, bacteria, mold, and pollen in the manufacturing process, improving the indoor air quality as well as the food quality.
The application segment can be categorized into food & ingredients, dairy, and bottled water. This sector is estimated to dominate the industry in 2015. The demand for high quality products, owing to the high living standards of consumers, is expected to force the manufacturers to upgrade the technology.
The imposition of strict government laws for the enhancement of product quality has led to the installation of filters in the food & ingredients segment. The growing demand for products that deliver improved efficiency and strong performance as well optimize their energy intake is also expected to favorably influence the processing segment.
The North American F&B air filtration market is expected to remain the key revenue generating region, accounting for the highest share by 2024. The increased awareness among consumers has led to the improved sales performance of the small and large food manufacturers. Private label foods in the market are expected to drive sales among the small producers; whereas, the locally grown or produced foods are expected to impact the large producers in a positive manner.
According to the United Nations Department of Economic and Social Affairs, the global population is anticipated to be 9.7 billion by 2050 and with the increased population, the F&B air filtration industry is expected to further improve sustainability and food standards.
The Asia Pacific market is anticipated to grow at a higher attributable pace from 2016 to 2024. The regional growth can be attributed to the rapid industrialization along with the economic growth in the region over the forecast period. The regional growth can be attributed to the increasing consumer markets in countries such as India and China. The growing urbanization and increasing concerns for food safety are estimated to be the major reasons for the region’s growth.
Manufacturers emphasize on new product development and innovation for developing energy efficient filters. The key industry competitors include APC Filtration (Canada), Inc., 3M (U.S.), Camfil Group (Sweden), Donaldson Company, Inc. (U.S.), General Electric Company (U.S.), Pall Corporation (U.S.), GEMU Gebr Muller Apparatebau GmbH (Germany) & Co. KG(UK), and Parker Domnick Hunter (UK). For instance, one of the major producers, Parker Domnick Hunter, based in the UK, operates as a subsidiary of Parker Hannifin Corporation (U.S.).
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The global construction industry, once thriving with increased investments, has been severely affected by the suspension of the construction activities in the wake of the ongoing pandemic. Shortage of labors coupled with potential supply chain bottlenecks of materials and equipment is expected to cause project delays in the ongoing funded projects and may lead to reduced spending in the upcoming projects. Uncertainty around the actual duration of the prevailing lockdown makes it hard to anticipate how a recovery in the construction industry will unfold. On similar lines, the HVAC industry has been adversely affected by the COVID-19 outbreak due to the shutting down of several component manufacturing facilities across China, European countries, Japan, and the U.S. This has consequently led to a significant slowdown in the production of HVAC equipment. Lockdowns imposed by the governments in the wake of the Covid-19 outbreak has not only affected manufacturing but also pegged back the consumer demand for HVAC equipment. The report will account for Covid19 as a key market contributor.