Rising Focus On Improving Moisture Sensitive Products Across Industrial Sector To Steer Water Activity Instrumentation Market Past US$ 136.0M By 2032
According to Future Market Insights, global water activity instrumentation sales totaled US$ 90.6M in 2022. Overall market size is set to accelerate at a value CAGR of 4.1% from 2022 to 2032, crossing a valuation of US$ 136.0M by the end of 2032.
Surging demand for water activity instruments from the food and beverage, tobacco, and pharmaceutical & cosmetic industry is a key factor driving the worldwide water activity instrumentation industry.
During the forecast period, it is projected that the integration of advanced systems with the digitally controlled system will make its way into the market which would help the water activity instrumentation market to thrive at a steady pace.
Water activity instruments have become ideal solutions to measure water activity for quality and process control across various sectors. These instruments allow end users to eliminate the chances of microbial growth by keeping the right water content.
The growing prevalence of foodborne diseases coupled with the rising need for improving the quality and safety of moisture-sensitive food and pharmaceutical products as well as extending their shelf life is expected to generate high demand for water activity instrumentation during the forecast period.
Wet agriculture products are susceptible to fungal growth until their water activities are brought into the lower range. The increasing demand from the agriculture industry to detect wet products is anticipated to boost water activity instrumentation sales over the next decade.
Subsequently, enforcement of strict food and drug safety regulations across the world will create growth prospects for the water activity instrumentation market through 2032.
Key Takeaways from Market Study
- By type, demand for benchtop water activity instrumentation is anticipated to increase at 4.1% CAGR by value during the forecast period (2022 to 2032).
- By distribution channel, the offline sales segment is projected to expand at a CAGR of 3.8% by value.
- By end use, the food industry is estimated to hold a prominent volume share of 34.8% in 2022.
- Europe’s water activity instrumentation market is anticipated to witness substantial growth during the forecast period.
- Water activity instrumentation demand across India is expected to rise at 4.0% CAGR through 2032.
- The United States water activity instrumentation market is poised to surpass US$ 27.9M by the end of 2032.
“Rapid growth of end-use industries and rising need for checking the safety of products such as foods and pharmaceuticals are expected to create lucrative opportunities for the water activity instrumentation market. To capitalize on the emerging opportunities and increase their revenues, prominent manufacturers are introducing new and trending technologies such as remotely controlled systems and digital screening” says a lead FMI analyst.
A few of the key players in the water activity instrumentation market include Freund Corp, Rotronic AG, Neu-tec Group Inc, Meter Group, Freund Corp., Novasina AG, Biobase Group, Labtron Equipment Ltd, Steroglass Srl, CapPlus Technologies, EDUTEK INSTRUMENTATION, MRC-Laboratory Equipment, Awtester & Wisdom Instrument, and others.
These insights are based on a report on Water Activity Instrumentation Market by Future Market Insights
Source: Future Market Insights inc.