Friday, July 10, 2020

Increasing Demand for Fortified Food and Confectionery Items is Driving the Growth of Powder Induction System Market

The market for products such as salad dressings, mayonnaise, baby food, milk drinks, confectionery products, and sauces has witnessed significant growth. To improve the production efficiency of food products and pharma ingredients, a well-developed induction and dispersion technique is required with strategies that help to ascertain, which mixing process a manufacturer should adopt. The powder induction and dispersion system market is estimated to be USD 843 million in 2018 and is projected to reach USD 1112 million by 2023, at a CAGR of 5.7% during the forecast period.

The use of powder induction and dispersion systems follows the increasing need for advanced mixing technologies and precision solutions. The demand for improving process safety and increasing production capacity is projected to increase the application of powder induction and dispersion systems in the pharmaceuticals industry.

The powder induction and dispersion systems market is segmented, on the basis of application, into food & beverages, pharmaceuticals, cosmetic and personal care products, and chemicals. The pharmaceuticals segment is projected to record the highest CAGR between 2018 and 2023. The pharmaceutical industry witnesses significant adoption of powder induction and dispersion systems due to their sanitary standards and precision mixing requirements in pharmaceutical companies.

The powder induction and dispersion systems market is segmented, on the basis of mixing type, as inline and in-tank. The inline segment is projected to record a higher CAGR between 2018 and 2023. The availability of aftermarket solutions is a key factor driving the growth for these systems. The ability to customize and retrofit shear pumps for different tank designs benefits the end users, in terms of cost and production time for tanks.

The powder induction and dispersion systems market is segmented on the basis of process into continuous and batch systems. The continuous systems provide continuous operation and processing of compounds and are projected to witness a higher CAGR between 2018 and 2023. The powder induction and dispersion systems market in a continuous form is used across chemical applications such as paints and water-based systems. The use of batch systems is projected to decrease over the forecast period given the process advantages offered by continuous systems.

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