Demand for Disinfection Products Used in Food Safety to Grow Nearly 4% Annually Through 2022
US demand for all types of food safety products is forecast to grow 4.9% annually
Cleveland OH - April 24, 2018 (Investorideas.com Newswire) Demand for disinfection products used in food safety, including chemical disinfectants and sanitizers, disinfection equipment, and other products such as disinfectant wipes, is projected to advance 3.9% annually to $1.7 billion in 2022. Disinfection products account for the largest share of food safety product demand, representing 35% of the market in 2017. While much of the historical growth for disinfection products has been driven by government regulations, new product developments and technological advancements will stimulate demand going forward. These and other trends are presented in Food Safety Products in the US, 5th Edition, a new study from The Freedonia Group, a Cleveland-based industry research firm.
More information about this study is here: https://www.freedoniagroup.com/industry-study/food-safety-products-in-the-us-by-product-and-market-5th-edition-3613.htm
Demand for disinfectant and sanitizer chemicals – at the formulated (ready-to-use, or ready-to-dilute) level – in food safety applications is forecast to increase 3.2% annually to $1.0 billion in 2022. Continuing government and business efforts to eliminate contamination at the food processing level will drive gains. Additionally, consumer concerns about foodborne illness will support demand as food processors and foodservice establishments try to prevent the fallout associated with high-profile outbreaks.
US demand for all types of food safety products is forecast to grow 4.9% annually to $5.2 billion in 2022, a slight deceleration from the 2012-2017 pace. Gains will be driven by ongoing implementation of the Food Safety Modernization Act (FSMA), which, although originally enacted in 2011, has compliance dates staggered through 2022. Further technological improvements will also boost efforts to increase traceability in the food supply chain.
Related studies include:
#3575 Global Industrial & Institutional Cleaning Chemicals, 4th Edition (October 2017)
#3574 Global Food Processing Machinery, 4th Edition (September 2017)
About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Consumer Goods studies can be purchased at https://www.freedoniagroup.com/, www.marketresearch.com and www.profound.com.
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