The global fruit & vegetable processing market size was worth around USD 8.5 Billion in 2022 and is predicted to grow to around USD 14.1 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.5% between 2023 and 2030.
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➤ The market is expanding due to the increasing demand for convenience goods.
In emerging countries like China, India, and Brazil, ready-to-eat products have progressively replaced traditionally prepared breakfasts and snacking meals in terms of customer preferences over the past two decades. The “Food Processing” report from December 2020 indicates that the sale of larder products and other household necessities experienced a significant increase during the COVID-19 pandemic. In March, frozen food sales experienced a 40% increase, while canned broth sales increased by 200% year over year.
➤ The market’s expansion is restricted by foodrecalls.
Food commodities are recalled when they become contaminated as a consequence of a supply chain flaw or failure. A food recall is an action taken to remove unsafe food from sale, distribution, and ingestion that may endanger consumers’ safety, as defined by the Food Standards Australia New Zealand (FSANZ). The initiation of a food recall is initiated by a notice or objection regarding the product’s quality. Consequently, it is expected that the global fruit and vegetable processing market will be constrained by the increasing frequency of food recalls.
➤ A lucrative opportunity is presented by increased awareness of health.
The fruit and vegetable processing industry is expanding due to the demand for organic, fresh, and exotic fruits and vegetables. Customers desire premium products that maintain their original nutritional, mineral, and calcium properties. The industry that processes fruits and vegetables is being buoyed by the increasing prevalence of veganism and changes in consumer eating patterns that have occurred in recent years. The industry for processed fruits and vegetables has been further stimulated by the presence of retail and e-commerce platforms, which are attributed to their affordability and simplicity of availability.
➤ The market’s expansion is significantly impeded by infections and physiological deterioration.
The fresh food value chain is the foundation of agricultural production. It has a significant impact on a variety of additional factors, such as the economic consequences of a country, farmer profit margins, and export conditions. Typical physiological changes that are induced by environmental factors that accelerate natural degradation, such as high temperatures, low air humidity, and physical injury, can increase the probability of loss.
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The Global Fruit & Vegetable Processing Market is segmented based on product, application and region
Global Fruit & Vegetable Processing Market: Product Segment Analysis
● Frozen
● Canned
● Dried & Dehydrated
● Others
Global Fruit & Vegetable Processing Market: Application Segment Analysis
● Pre-Processing Equipment
● Peeling/Inspection/Slicing
● Washing & Dewatering
● Fillers
● Seasoning
● Packaging & Handling
● Others
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The global Fruit & Vegetable Processing market profiles key players such as:
● SPX FLOW
● GEA Group Aktiengesellschaft
● Tetra Pak International S.A.
● Krones AG
● ALFA LAVAL
● JBT.
● I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A
● Feldmeier Equipment Inc.
● Scherjon Dairy Equipment Holland B.V.
● Coperion GmbH
● Van den Heuvel Dairy & Food Equipment B.V.
● GEMAK
● Sealtech Engineers Private Limited
● Inoxpa S.A.
● Stephan Machinery.
● SSP Pvt. Ltd
● Saputo Inc
???? Recent Developments:
• Quintus Technologies announced its re-entry into the high pressure processing (HPP) market for food and beverage applications in September 2021. The company will be utilizing state-of-the-art HPP equipment and customized service solutions.
• Nestle India was granted authorization under the Government of India’s production linked program (PLI) in December 2021 for the food processing industry in the relevant categories of processed fruits and vegetables and ready-to-eat/ready-to-cook foods. Nestle India Limited’s proposal for the processing of fruits and vegetables was approved under this program.
➤ The market is anticipated to be dominated by North America during the forecast period.
The global fruit and vegetable processing market is anticipated to be dominated by North America during the forecast period. The region’s expansion is due to the increasing knowledge of the health benefits of consuming fruits and vegetables, the increasing consumer expenditure on convenience foods, and the increasing imports of processed fruits and vegetables. For example, the United States Department of Agriculture reports that fruit imports have increased by $8.9 billion over the past decade in response to the increasing demand for the product.
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