Retort Machine Global Market 2024 - Industry Trends, Share, Size, Growth, Opportunity And Forecast 2033

 

The Retort Machine Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

 

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According to The Business Research Company’s Retort Machine Global Market Report 2024, The retort machine market size has grown strongly in recent years. It will grow from $1.63 billion in 2023 to $1.79 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%.  The  growth in the historic period can be attributed to increasing demand for shelf-stable products, rise in ready-to-eat food consumption, expanding packaged food industry, stringent food safety regulations, rising consumer awareness of food quality.

 

The retort machine market size is expected to see strong growth in the next few years. It will grow to $2.44 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.  The growth in the forecast period can be attributed to growth in packaged beverages, customization and flexibility in processing, emergence of innovative packaging materials, rise of e-commerce in food retail, increasing adoption in pharmaceuticals. Major trends in the forecast period include advancements in retort technology, advancements in sterilization technologies, focus on energy-efficient retort systems, integration of smart technologies, expanding applications in diverse industries.

 

The rising occurrence of food diseases is expected to propel the growth of the retort machine market going forward. Food diseases refer to illnesses brought on by eating or drinking foods contaminated with microorganisms. Retort machines sterilize and pasteurize packaged foods and drinks, extending their shelf life and ensuring their safety and quality by inactivating or killing the disease-causing microbes. For instance, in June 2023, according to the Centers for Disease Control and Prevention (CDC), a US-based Department of Health and Human Services, infections from significant foodborne pathogens were estimated to be the cause of 9.4 million illnesses, 56,000 hospital admissions, and 1,350 fatalities each year in the USA. Furthermore, in May 2022, according to the World Health Organization, a Switzerland-based intergovernmental organization, 420,000 people worldwide die, and an estimated 600 million get sick from eating contaminated food every year, thereby losing 33 million years of healthy life. Therefore, the rising occurrence of food diseases is driving the growth of the retort machine market.

 

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The retort machine market covered in this report is segmented –

1) By Process: Batch Sterilization, Continuous Sterilization

2) By Type: Saturated Steam, Water Immersion, Water Spray, Forced Steam Or Air

3) By End User: Food And Beverage Industry, Pharmaceutical Industry, Cosmetic Industry, Other End Users

 

Top Major Players

Otsuka Holdings Co. Ltd.

STERIS Corporation

Getinge AB

PHC Corporation

JBT Corporation

 

Major companies operating in the retort machine market are increasing their focus on introducing retort control software to maximize their revenues in the market. Retort control software is a technological platform that manages and controls the retort process. It involves processing food under high pressure and heat in a sealed container to sterilize and preserve it. For instance, in April 2023, Surdry North America, a US-based retort manufacturing company, launched and announced the approval of SteriNet21 by the Food and Drug Administration (FDA), a US-based federal agency. SteriNet21 is software designed to improve food quality control and securely record all food thermal processing data. It also enables the operator to gain remote access to all data from the sterilization process, including heat, temperature, and pressure inside the chambers, and to confirm how recipes are obtained and handled in retorts. This new platform, built on an industry-leading automation software platform, can duplicate or replace traditional paper chart recorders. It generates thorough documentation in digital form, reducing the possibility that the crucial retort processing data would be compromised.

 

The retort machine market report table of contents includes:

1. Executive Summary

2. Retort Machine Market Characteristics

3. Retort Machine Market Trends And Strategies

4. Retort Machine Market - Macro Economic Scenario

5. Global Retort Machine Market Size and Growth

.......................

32. Global Retort Machine Market Competitive Benchmarking

33. Global Retort Machine Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Retort Machine Market

35. Retort Machine Market Future Outlook and Potential Analysis

36. Appendix

 

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