Global Food Grade Hoses Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Food Grade Hoses Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A hose is a flexible hollow tube used to transport liquids from one place to another. Food grade hoses mainly refer to safety hoses used for food and beverage distribution.

Market Overview:

The latest research study on the global Food Grade Hoses market finds that the global Food Grade Hoses market reached a value of USD 943.14 million in 2022. It’s expected that the market will achieve USD 1216.28 million by 2028, exhibiting a CAGR of 4.33% during the forecast period.

From an upstream perspective, since March 2020, the COVID-19 outbreak has put severe pressure on the supply of plastic raw materials, basic plastics and composite plastics. As the epidemic spreads around the world, most of the Western developed countries most affected by the epidemic, such as the United States, Spain, Italy, Germany, the United Kingdom, and France, have suspended related construction and closed ports on a large scale. The global food-grade hose international trade supply chain is broken. The situation of one refund and two refunds continued to decrease occurred, that is, contract orders were cancelled, all returned goods were sealed, and the acceptance of foreign orders continued to decrease significantly. This shortage has dealt a heavy blow to manufacturers of food-grade hose products. For example, in the United States, there has been a trend of tight plastic supply before the fourth quarter of 2020. The impact of the shortage of these materials is that the supply is very tight, the price is at a historical high, and the delivery is delayed. These effects extend to components, especially those made of high-quality plastic. When COVID-19 first hit the United States in March 2020, plastic suppliers reduced their inventories based on uncertainty about the impact of COVID-19 on the market. However, the changes in the plastics market did not develop as expected. As the social impact of COVID has gradually emerged, the demand for plastic products has surged. This surge is mainly due to changes in consumer buying behavior. In addition, the early recovery of COVID in Asia and the surge in demand in all markets have led to an increase in international trade.

From the perspective of the product manufacturer, at present, the profitability of an enterprise depends on agility and ability. As a product whose consumer demand is constantly changing, the proliferation of stock keeping units (SKUs) will eventually increase the number of different products that brands offer to customers. Coupled with the logistics bottleneck caused by slow sales or obsolete inventory, the surge of SKUs has advantages and disadvantages in the entire supply chain. Being able to provide customers with what they want in a more precise way will definitely increase the likelihood of sales, but it will incur additional financial and administrative costs in terms of managing the complexity of the supply chain.

At the same time, e-commerce complicates the problem. Customers are now increasingly expecting express delivery and delivery speed, which means retailers need to maintain more inventory. In many cases, storage capacity has not grown exponentially. For manufacturers, manufacturing equipment needs to be more flexible than before, but to retain the ability to run for a long time, while optimizing rapid conversion to ensure consistent productivity. An important part of a more malleable and agile production capacity is the ability to introduce new materials and design variants at a faster rate, so as to quickly and effectively meet the needs of consumers. Again, this will lead to an increase in overall delivery costs, but it can be compensated by customer loyalty and long-term sales.

Food Grade Hose Drivers

For food-grade hoses, the continuous development of the food and beverage industry is an important factor to promote the development of the industry. In recent years, due to the continuous growth of the population size and the stable economic development, the global food and beverage industry is in a state of rapid development. At the same time, the North American and European markets have steadily increased demand for the food and beverage industry. High-potential markets such as India, Brazil, Mexico, Indonesia and Vietnam have also brought opportunities for the development of the food and beverage industry. This is mainly due to more and more middle-class consumers and consumers' higher demand for staple foods and dairy products.

In the food and beverage industry, food-grade hoses are mainly used for the transportation and transfer of milk, juice, soft drinks, beer, wine and other substances. Food-grade hoses mainly ensure food safety, sanitation and pollution-free. Therefore, food-grade hoses occupies an important position in the food industry. At the same time, with the continuous enrichment of food-grade hose materials. A variety of food-grade hoses have gradually been able to meet most food industry environments. As a result, the continuous development of the food and beverage industry is driving the continuous growth of the food-grade hose market.

Strict regulatory policies in the food industry

For the food-grade hose industry, because the products directly transport tea, coffee, soft drinks, juices, carbonated beverages and other substances, there are certain food safety risks such as food contamination. Therefore, the country and the government have conducted a lot of supervision on the food-grade hose industry. For example, the design and manufacture of food-grade hoses must meet the specifications set by the U.S. Food and Drug Administration (FDA). This ensures that they allow the clean and safe transfer of food materials. The US FDA 21 CFR 177.2600 standard elaborates the product standards in detail. China has implemented strict controls on food safety and detailed regulations on plastic materials and products used in food contact. Such as GB 4806.7-2016, GB 31604.30-2016 and so on. For companies that want to enter the food-grade hose industry, these product-related regulatory policies put forward higher requirements for product production, process development, and product quality to a certain extent. Therefore, the emergence of these policies has brought challenges to product manufacturers.

Region Overview:

In 2021, the share of the Food Grade Hoses market in North America stood at 34.08%.

Company Overview:

Eaton Corporation PLC is one of the major players operating in the Food Grade Hoses market, holding a share of 3.97% in 2022.

Eaton Corporation PLC

Eaton is a power management company that helps customers solve their biggest power management challenges through industry-leading electrical, aerospace, hydraulic and vehicle products and services. Eaton is committed to manufacturing excellence and providing innovative products to make Eaton customers more successful.

Swagelok Company

Swagelok is an American private company that provides sales and service of fluid system components.

Segmentation Overview:

By type, Silicone & PVC segment accounted for the largest share of market in 2021.

Application Overview:

The market's largest segment by application is the segment Milk, with a market share of 34.6% in 2021.

Key Companies in the global Food Grade Hoses market covered in Chapter 3:

Eldon James Corp.
GEA
Tigers Polymer Corporation
Kuriyama of America
U.S. Rubber Supply
Plastiflex
Cjan Fluid Technology
Southeastern Hose
McGill Hose & Coupling
REHAU
Eaton Corporation PLC
Swagelok Company
DeLaval
Toyox Co., Ltd.
Jason Industrial
Luohe Letone Hydraulics Technology Co.,Ltd
DELOX
Parker

In Chapter 4 and Chapter 14.2, on the basis of types, the Food Grade Hoses market from 2018 to 2029 is primarily split into:

Rubber
Polyurethane
Silicone & PVC

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Food Grade Hoses market from 2018 to 2029 covers:

Milk
Juice
Beer
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)