Fruit & Vegetable Processing Market Size, Share, Growth, And Industry Analysis, By Type (Pre-processing, Processing, Washing, Filling), By Application (Fruit, Vegetables, Other) and Regional Forecast From 2024 To 2031

Fruit And Vegetable Processing Market Report Overview

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The global Fruit & Vegetable Processing Market size was 284530 million in 2022 & the market is expected to reach USD 488872 million by 2031, exhibiting a CAGR of 7.0% during the forecast period.

The COVID-19 pandemic has been unprecedented and staggering, with the Fruit & Vegetable Processing Market experiencing higher/lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Fruit and vegetable preparation is essential prior to direct consumption of nutritional elements. The fundamental goal of processing is to keep the colour, taste, texture, and nutrients of perishable fruits and vegetables while improving their shelf life. Advanced fruit and vegetable processing technologies provide various benefits, and quality is defined by four factors: colour, texture, flavour, and nutrient content. The majority of these processes rely on heat, and the quality criteria of fruits and vegetables are very heat sensitive.

Market growth has been attributed to increased demand for ready-to-eat and on-the-go food items. Other variables include an increase in the need for convenience due to hectic client lifestyles and an increase in per-capita income. As a result, the demand for processed foods has increased. Because of the industry's rapid growth, the forecast for the fruit and vegetable processing market is likely to stay good.

COVID-19 Impact: Due to rising purchase, COVID-19 pandemic has increased the productivity of the market

The COVID-19 pandemic has resulted in a significant shift in consumer purchase patterns. Most customers worldwide are looking for fresh foods to substitute junk food. The global market for processed fruits and vegetables is expanding in order to increase immunity. Automation and robots are increasingly being used in industries that prepare fruits and vegetables, which helps to reduce costs while increasing productivity.

Latest Trends

"Use of Energy-Saving Food Processing Equipment"

According to the US Energy Information Administration, food processing accounts for 4% of worldwide industrial energy use and is expected to remain so in 2040. This has prompted many significant participants in the food industry to transition towards energy-efficient and multi-functional food processing equipment, which may lower operational costs and lead to the development of sustainable products. Tetra Pak, for example, has created modern equipment solutions that allow beverage makers to carbonise at a low cost. Increasing energy-efficient equipment, improving equipment safety, and lowering maintenance costs are some of the essential elements driving the growth of the food processing machinery market. Flexibility in terms of compact design and the production of beverages is becoming increasingly important in the beverage processing industry. Beverage processing increasingly necessitates flexibility in terms of compact design and the ability to transition between products with as little downtime as feasible. The increase in the number of health-conscious consumers has aided the development of the fruit and vegetable processing market, owing to the desire for organic, fresh, and exotic fruits and vegetables. Customers want high-quality products with constant nutrition, minerals, and calcium levels. As more individuals adopt vegan diets, changes in people's food consumption patterns in recent years have driven the rise of the fruit and vegetable processing sector. Because of their simple availability and low cost, retail and e-commerce platforms have also boosted the market for processed fruit and vegetable goods.

Fruit And Vegetable Processing Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Pre-processing, Processing, Washing, Filling. Pre-processing is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into Fruit, Vegetables, Other. Fruit will be the dominating segment.

Driving Factors

"Demand for convenience foods is increasing"

The processed food market is being pushed by the increased need for convenience as a result of busy client lifestyles. In addition, rising per capita income has raised demand for ready-to-eat and on-the-go food items. As a result, demand for processed fruit and vegetable products have increased. Because of significant expansion in the fruit and vegetable processing sector, the outlook for the fruit and vegetable processing market is likely to remain positive. Consumers gain from the purchase of processed food goods since they are easier to use, eat, and store for a longer period of time. Over the last few decades, consumer preferences in developing countries such as China, India, and Brazil have gradually shifted from traditional handmade breakfasts and snacking meals to ready-to-eat items. According to a December 2020 "Food Processing" article, sales of pantry and other home necessities were stored among Covid-19.

"Rising demand for ready to eat food fuel the market expansion"

The majority of households prefer ready-to-eat foods, and this trend is projected to continue in the future years. Because of their high quality and nutritional content, processed foods are becoming increasingly popular. The increased reliance on robots and automation in the fruit and vegetable processing industry has increased output while lowering operating costs for these businesses. There are very severe government rules and food safety standards in place to maintain quality. Many different market participants compete to produce the best products at competitive prices in the worldwide fruit and vegetable processing market. Many mergers and acquisitions have occurred among industry participants in order to create more efficient processes for the expansion of this market. As a result of all of these reasons, the market for fruit and vegetable processing is predicted to expand significantly during the forecast period.

Restraining Factors

"Increasingly government's stringent market growth policies and regulations may hamper the market growth"

The absence of professional fruit and vegetable processing system organisation, as well as the government's increasingly stringent market growth policies and regulations, have stifled market expansion. High capital expenditure in equipment and stringent consumer safety laws are impeding market expansion. A lack of proper storage facilities, inefficient distribution, and insufficient cold storage and transportation are impeding market expansion.

Fruit And Vegetable Processing Market Regional Insights

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"Asia Pacific region is predicted to have the highest revenue increase during the projection period "

The Asia Pacific area is predicted to have the highest revenue increase during the projection period. The expansion of this market in the Asia Pacific region is aided by several government initiatives that support technical improvements in the region. Fruit and vegetable output is high in countries such as Japan, China, and India when compared to other crops. Because of the existence of key market players in this region, European markets will experience consistent expansion in the future years. The European market for processed fruits and vegetables is nearing saturation. The growing nations of the Asia Pacific area are looking into the industry. This region offers numerous chances for growth in the fruit and vegetable processing business. Even if the cultivation of fruits and vegetables is high in many countries such as India, there is a growing demand for processed fruits and vegetables due to many customers' improved lifestyles and high disposable income.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

LIST OF TOP FRUIT & VEGETABLE PROCESSING COMPANIES

• Bosch
• Buhler (Switzerland)
• GEA (Germany)
• JBT (U.S.)
• Krones (Germany)
• Conagra Brands (U.S.)
• Dole Food (U.S.)
• Greencore (Ireland)
• Nestle (Switzerland)
• Kroger
• Olam International (Singapore)
• The Kraft Heinz (U.S.)
• Albertsons

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.