Los Angeles, November 28, 2019 – QY Research has added a new report to its repository of machinery and equipment market research studies. Carrying the title “Global Industrial Extraction Equipment Market Insight and Professional Survey Report 2019,” the report gives a detailed account of crucial growth drivers, restraints, trends, and opportunities of the global industrial extraction equipment market. According to the report, the global industrial extraction equipment market is predicted to rise at an exponential growth rate of 13.64% during the forecast period 2018-2025. By the end of 2025, the global industrial extraction equipment market is projected to earn revenue of more than US$120 Mn, increasing from just over US$50 Mn reached in 2018.
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High Popularity of Cannabis-infused Butter Likely to Strengthen Demand in Food Industry
In the food industry, industrial extraction equipment finds application in the extraction of cannabis or specific cannabis compounds, which could be used to prepare weed butter or cannabis-infused butter. Cannabutter is in turn used to prepare infused cannabis edibles. Strong demand for different cannabinoids and cannabis chemicals such as terpenes is anticipated to create profit-making opportunities in the global industrial extraction equipment market. Supercritical CO2 extraction is a popular method used to extract high-quality oils and process large amounts of cannabis and hemp biomass.
Strong Demand for Cannabis Extract Expected to Increase Sales of Industrial Extraction Equipment
The report covers important product type segments of the global industrial extraction equipment market such as <15 L, 16-50 L, 51-100 L, 101-200 L, and >200 L. It also provides segmental analysis of key applications of industrial extraction equipment, including chemical process, pharmaceutical industry, food and fragrance industry, and others. One of the popular pharmaceutical applications of industrial extraction equipment is the separation of specific desirable cannabis compounds from the plant matrix. Cannabis extracts are used to prepare marijuana concentrate, tetrahydrocannabinol tincture, cannabidiol oil, and several other cannabis products.
Asia Pacific Predicted to Show Growth Potential with Acceptance of Medical Marijuana
North America could be among high-growth regional markets for industrial extraction equipment. Heavy presence of popular players in the US and Canada is anticipated to increase the prominence of the North America industrial extraction equipment market. Legalization of few types of cannabis in some parts of the US and Canada could increase the demand for industrial extraction equipment in the cannabis industry of North America. Gradually increasing acceptance of medical cannabis in Asia Pacific is expected to create opportunities for manufacturers operating in the region. Thailand is one of the first Asian countries to legalize cannabis for medical use and research.
Players Anticipated to Continue to Focus on Improving Continuous Processing Capacity
Some of the leading manufacturers operating in the global industrial extraction equipment market are Pure Extraction, Precision Extraction, Isolate Extraction, MRX Xtractors, Vitalis Extraction, Waters, Accudyne Systems, extraktLAB, Joda Technology, Eden Labs, Taiwan Supercritical, and Apeks Supercritical. Manufacturers are predicted to launch innovative products with a revolutionary modular design and smaller size but greater output. They could also focus on introducing products that allow streamlined and simplified extraction and continuous processing.
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