LONDON--(BUSINESS WIRE)--The latest market research report by Technavio on the global industrial steam peeler market predicts a CAGR of around 8% during the period 2018-2022.
The report segments the global industrial steam peeler market by product (batch steam peeler and continuous steam peeler) and by geography (the Americas, EMEA, and APAC). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Here are some key findings of the global industrial steam peeler market, according to Technavio food and beverage researchers:
- Rise in need to reduce peel loss: a major market driver
- Increasing adoption of new technologies in steam peelers: emerging market trend
- In 2017, the EMEA region had the highest market share of approximately 41%
- The batch steam peeler segment held the highest market share of more than 58% in 2017
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Rise in need to reduce peel loss: a major market driver
The rise in need to reduce peel loss is one of the major factors driving the global industrial steam peeler market. Many fruit and vegetable processing companies make use of knife peeling, abrasion peeling, and caustic peeling. The use of such peeling techniques leads to high amounts of product loss. Thus, numerous vendors are concentrating on manufacturing industrial steam peelers that reduce peel loss, thereby increasing the yield and profitability of industrial end-users. Industrial end-users are also investing in industrial steam peelers with the objective of reducing wastes. Consequently, the availability of industrial steam peelers that provide reduced product loss may increase the demand during the forecast period.
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Increasing adoption of new technologies in steam peelers: emerging market trend
Some of the key vendors are concentrating on providing a range of energy-saving upgrades to improve the performance of peeling equipment. The steam accumulators are used for storing steam in the equipment so that it can be released when required. This helps in reducing the peak demand from steam generators.
According to a senior analyst at Technavio for research on food service, “Heat recovery units aid in recovering energy from exhaust steam. The condenser in heat recovery systems allows heat transfer from the exhaust steam to an enclosed water recirculation system. Steam exhaust XPT valve permits maintenance and inspection of existing steam valves.”
Global market opportunities
In 2017, the EMEA region had the highest market share of approximately 41%. A large number of fruits and vegetables are processed in countries such as Italy, Spain, Germany, France, and the UK. This increase in the processing of fruits and vegetables will drive the growth of the market for industrial steam peelers in the region. The market growth in this region is anticipated to remain steady during the forecast period.
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