Nanotechnology is an advanced technique that enables food, agriculture, and medicine to contribute, develop, and have sustainable impacts. The nanotechnology adoption in developing nanoscale ingredients to enhance the texture, color, and flavor of food is common practice these days. With their ability to produce healthy, safe, and high-quality functional food, exhibiting perishable or semi-perishable properties, nanomaterials demonstrate relatively more adoption in the food and beverage industry. Apart from this, the benefits encompass the detection of microbial contamination, enhanced mechanical barriers, and potentially improved bioavailability of nutrients.
The Global Nanotechnology in Food & Beverage Market is projected to grow at a CAGR of more than 10% during the forecast period, i.e., 2023-28. The growth primarily attributes to the strengthening millennial inclination toward processed & packaged food. Other than this, alarming microbial food contamination prevalence and intensifying lightweight & durable materials propensity has necessitated the incorporation of Nanotechnology in Food & Beverages. Perhaps it is why the utilization of metal nanoparticles such as nano zinc oxide (ZnO), silver nanoparticle (AgNP), etc., in edible coating materials to attain improved barrier properties, antimicrobial capacities, and controlled release of nutrients has propelled the market in recent years.
|Study Period||Historical Data: 2018-21|
|Base Year: 2022|
|Forecast Period: 2023-2028|
|CAGR (2023-2028)||More than 10%|
|Regions Covered||North America: USA, Canada, Mexico|
|Europe: Germany, UK, France, Italy, Spain, Russia|
|Asia-Pacific: China, India, Japan, South Korea, Australia and Others|
|South America: Brazil, and Argentina|
|Middle East & Africa: GCC, South Africa|
|Key Companies Profiled||Aquanova AG, Nanopack Inc., Pen Inc., Valentis Nanotech|
|Unit Denominations||USD Million/Billion|
Correspondingly, the advent of robust advancements in nanotechnology encourages additional food export activities across the globe. As such, burgeoning innovations & advancements in packaging solutions act as growth determinants to the Global Nanotechnology in Food & Beverage Market. Besides, nanoparticles can be employed as a nano sensor to alert the consumer if the product is no longer safe to ingest. For instance, there are barcodes glued on the milk bottle for babies to ensure food security by notifying the consumer about the condition of the food. As such, the versatility of this ultra-modern technology is anticipated to foster market growth in the projected time frame.
Based on Material Types
Here, Silver Nanoparticles acquired a considerable revenue share in the Global Nanotechnology in Food & Beverage market during the historical period. It attributes primarily to their eminence as packaging films owing to their outstanding mechanical properties and thermal performance. Another reason for their swift adoption is their ability to remarkably downsize flammability while keeping the transparency of the polymer matrix intact. Besides, Nano silver coatings are applied on vegetables and fruits to make them fresh during transit and storage, as the additional silver layer alter their respiration mechanism. For instance,
Based on Application
Among all, Food & Beverage Packaging is anticipated to attain a considerable share of the market during the projected time frame. It owes principally to the unparalleled potential of nano food packaging material in increasing food longevity and, in turn, ensuring food safety. Further diversifying, nanotechnology is used in active packaging to integrate active ingredients in food. By interacting carrier components with internal and external elements, the technology lengthens the shelf life of food. Another factor backing the popularity of the packaging segment is the ability to improve by blending with polymers to attain increased moisture resistance of the gas barrier characteristics.
Geographically, the Global Nanotechnology in Food & Beverage Market expands across:
Among all regions, North America garnered the highest share of the Global Nanotechnology in Food & Beverage market in the previous few years and is expected to prevail in the same dominance during the forecast period. The leading position can be attributed to the extensive adoption of nanotechnology in the food industry. It is because of the growing popularity of processed food. Another factor enthralling the nanotechnology market in the US is the surging working populace posing the demand for ready-to-eat and exotic foods. Since such foods require extended shelf life and suitable packaging, the adoption of nanotechnology to cater to the vast population is expected to intensify in the coming years.
Recent Developments in the Global Nanotechnology in Food & Beverage Market
The frequent instances of foodborne diseases among people due to food contamination require immediate and concrete solutions. As such, antimicrobial food packaging using nano techniques is gaining traction these days. Likewise, the swiftly augmenting demand for ready-to-eat food that remains fresh for a longer duration has encouraged the adoption of nano packaging materials, which possess antibacterial properties and are degradable in nature. Such broad adoption in foods to prevent microbial contamination has pushed the Nanotechnology in Food & Beverage Market in the historical period.
Since the nanoparticles in the food can migrate and cause an imbalance in the use of biomass for producing food, there is always a risk associated. Moreover, the impact of nanotechnology has been enigmatic to scientists to date. Even slight negligence can lead to tremendous data and outcome discrepancies. The relationship between the experiment's findings and hypothesis is crucial. Hence, the data must be carefully examined and interpreted. For this, skilled personnel are required, and any shortage may lead to erroneous results in research labs, thereby impacting production and restricting market growth in the coming years.
The expanding need for agricultural productivity improvement techniques with increasing food demand emerges and an area of remunerative opportunities before the market players. As such, agriculture uses nano-products like nano pesticides and nano fertilizers to improve yields by managing pesticides and nutrients, decreasing chemical propagation, and limiting nutrient losses in fertilizers. As a result, new agricultural nano tools can enhance nanotechnology, aiding the food and beverage industry.
Key Questions Answered in the Market Research Report:
Frequently Asked Questions
A. The Nanotechnology in Food & Beverage Market is projected to grow at a CAGR of more than 10% during 2023-28.
A. Escalating concern about microbial contamination in foods and beverages is likely to push the market during the forecast period.
A. Aquanova AG, Nanopack Inc., Pen Inc., Valentis Nanotech are the leading players Global Nanotechnology in Food & Beverage Market.
A. ‘Silver nanoparticles’ is anticipated to lead the market among other material types in the Nanotechnology in Food & Beverage Market during 2023-28.
A. ‘North America’ is expected to lead the Nanotechnology in Food & Beverage Market during 2023-28.
A. The advent of agricultural productivity improvement nano tools anticipated to emerge as an area of remunerative opportunities for the leading players in the Nanotechnology in Food & Beverage Market during the forecast period.
A. The lack of technological expertise in the field seems to restrains the growth of the Nanotechnology in Food & Beverage Market during 2023-28.