Market Overview
Depth filters are the filtration medium which are retained particles throughout the medium within its structure and adds the advantage to attain a high quantity of particles removal without compromising the separation efficiency. Depth filters represent a wide range of different applications in the food and beverages industry including turbidity removal, from coarse to fine particles, colloidal removal, chill haze removal, removal of microbial spoilage, reduction of microorganism such as yeast, bacteria, molds. It helps in the Production of clear and stable products related to the food and beverages such as wine, beer, fruit juice, water, tea, soft drinks, baby food and among others.
Market Dynamics
Drivers
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Rise in demand of depth filters for the food and beverage industry due to increasing consumption of the carbonated drinks around the globe.
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Rising investment by the leading players for enhancing production capabilities of sugar-based beverages.
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Increasing consumption of alcoholic and non-alcoholic drinks with a surge in disposable income of the people around the globe.
Restraints
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High capital cost required for manufacturing depth filtration systems, Stringent rules need to follow for manufacturing depth filters as well as low filtration capacity hampers the growth.
Market Segmentation
Filter sheets segment in the depth filtration market is valued at US$ 94,997.03 Thousand in 2019 and is estimated to grow at a CAGR of 6.0% over the forecast period to reach a US$ 146,570.55 Thousand by 2027.
Depth filter sheets made from matrix cellular or polymer fiber-enriched with mineral filter aids and bonded together with the help of resin binder. These sheets are used for removing suspended particles from fluids due to their high dirt holding capacity for particles for clarifying filtration products. Filter sheets with thickness of 3–4 mm have high microbial retention rate, which can trap millions of microparticles in every square meter of filter area. Depth filter sheets are available in various grades for a wide variety of end use products in food and beverages manufacturing such as soft drinks, chocolates, alcoholic beverages etc.
Wine segment in depth filtration market is valued at US$ 67,017.29 Thousand in 2019 and is estimated to grow at a CAGR of 6.9% over the forecast period to reach a US$ 110,679.59 Thousand by 2027.
Depth filters of different types such as press filter housing, sheets and modules are used in medium and large wineries due to their high flow rate and ability to handle wines with higher solids levels. Small filter sheets are used in small wineries due to their low cost as compared to other filters. Plate and frame depth filtration are used in the wineries due to its high dirt holding capacity. It is made from a stainless steel frame, which holds a varying number of plates, usually between 20 to 60 plates. This stainless steel frame with filter pads is placed between the plates to allow wine flow through alternating plates/pads, which can be used for small-batch filtration. Frame can also be fitted with a crossover plate that allows two different filtration levels on a single pass. It can be used for small-batch filtration.
Geographical Analysis
The North America region has the highest depth filtration market share for the growth of the depth filtration market. It is primarily due to rising demand in the food & beverages applications. Depth filters are widely used in the food and beverage industry's manufacturing facilities for performing several operations such as separation, concentration and purification of specific macromolecules, remove particles, submicron particles, colloidal material, and soluble material. The depth filtration systems use particular media for high levels of contaminant removal in the beverage industry.
North America region of depth filtration market is valued at US$ 1,64,034.45 Thousand in 2019 and is estimated to grow at a CAGR of 4.9% over the forecast period to reach a US$ 2,34,084.36 Thousand by 2027
Depth filtration by type is segmented into filter sheets, filter modules and filter housing. Among these filter modules, segment has the highest market share in the North American region, primarily owing to rising demand for depth filtration in several leading food and beverages such as soft drinks, tea, fruit juices due for carrying out filtration activity. For instance, as per the Sustainability Accounting Standards Board report in 2015, ready-to-drink juices and tea production generates over US$ 21 billion in revenue annually. In contrast, annual revenue generated by soft drinks and bottled water reached US$ 20.4 billion and US$ 8.5 billion every year in the United States. Thus it created a massive demand for the growth of the depth filtration market.
Competitive Landscape
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In 2019, more than 70 new food and beverages projects expansion have been planned in North America by the leading players such as Coca-Cola, PepsiCo etc.
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Metro Inc., a Canadian food retailer, have announced the largest investment of more than US$ 420 million for the construction of a 600,000 square-foot distribution center in Terrebonne, Quebec, Canada. Also, in the first quarter of 2019, Coca-Cola invested around US$ 300 million for the food processing and distribution center by constructing the one-million-square-foot area in Brandon, Florida
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In addition to this, in 2019, Red Bull, one of the leading energy drink manufacturers, planned to expand its production capabilities in North America to construct a 700,000 square-foot distribution center in Glendale, Arizona. The plant expansion has planned to complete by 2021
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Nor-Cal Beverage North America’s beverage bottling and distribution company also planned to construct a 422,000-square-foot warehouse and distribution facility in West Sacramento, California, United States. Thus such massive investment in the North American region by the leading food and beverage companies have propelled the depth filtration market
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