Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.61 Billion | USD 4.55 Billion | 2.6% | 2023 |
FrequentlyAsked Questions
Food & Beverage Sterilizing Agent Market was valued at USD 3.61 Billion in 2023 and is projected to hit USD 4.55 Billion by 2032,
with a compound annual growth rate (CAGR) of 2.6% during the forecast period 2024-2032.
The largest share of the Food & Beverage Sterilizing Agent Market is held by Asia Pacific. Developing countries of Asia Pacific such as China, Japan, and India will be dominating the market scenario mainly due to the rising constructional activities. The growth of Asia-Pacific region is expected to be followed by the Middle East and North America. Also, significant growth is expected from Western Europe owing to the developments taking place in this region especially in countries such as Italy, Germany, the U.K, France, and Spain. However, growth in Africa, Latin America, and Eastern Europe is anticipated to be moderate over the forecast period.
Mitsubishi, Arkema, Hansol Chemical, Solvay, Steris, Evonik Industries, Peroxy Chem, OCI Company Ltd., and Taekwang Industry Company Ltd
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