A homogenization device having an inlet valve, a flow-through chamber and a discharge valve. A baffle element reciprocatingly moves between an upstream portion and a downstream portion of the flow-through chamber. When the baffle element moves downstream, the inlet valve opens and liquid is admitted into the upstream portion. When the baffle element moves upstream, the inlet valve closes, the liquid in the upstream portion is pressurized and forced to flow downstream through a gap or local constriction between the outer perimeter of the baffle element and the inner surface of the chamber, causing cavitation bubbles to form and collapse.