The global fruit and vegetable processing market size is expected to reach USD 14.50 billion by 2030, according to a new study by Polaris Market Research. The report “Fruit and Vegetable Processing Market Share, Size, Trends, Industry Analysis Report, By Product (Fresh, Fresh-cut, Canned, Frozen, Dried & Dehydrated, Convenience); By Equipment; By Mode of Operation; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The demand for processed food has increased due to rapid changes in the lifestyle of people globally. Thus, the food processing companies have upgraded their machinery, which can offer high capacity to meet the growth in demand. Moreover, manufacturers have focused on customer needs while maintaining global quality standards. Furthermore, a surge in demand for processed quality food is the primary driver for the market.
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Though the technological advancements, such as minimization of energy consumption & waste generation, support the high sales of the machinery, the implementation of stringent regulations pertaining to the industry set by the government organizations can hinder the market growth in the long term.
Conversely, the latest technology innovation where energy consumption and waste generation are minimized and high sales & industry growth are anticipated to provide potential opportunities for industry expansion.
Consumers are more likely to spend on food handling machines, which enable them to save their time and efforts due to changes in lifestyle patterns of consumers and a rise in disposable income due to an increase in financial stability in various regions of Asia Pacific, such as India and China. Moreover, an increase in the consumption of processed foods fuels industry growth.
Factors such as a change in preference towards processed foods, increasing disposable income, and replacement of older techniques are expected to drive the growth of the industry. For instance, the older equipment used for food handling is being replaced with new advanced machines equipped with high-end technologies such as high-pressure processing and the usage of power ultrasound and pulsed electric fields in the machinery. Moreover, conventional preserving techniques are now replaced with newer methods, and therefore people prefer these time-saving machines, which provide fast and efficient results.
The fresh fruit and vegetable segment is anticipated to experience lucrative growth in the fruit and vegetable industry in 2021. This is due to the growing inclination for healthy food such as organic, ready-to-eat foods. Moreover, consumers are inclined more toward becoming more health-conscious, and therefore, they are opting for readily available and much tastier products.
Based on the mode of operation, the report is segmented into automatic and semi-automatic segments. The automatic segments accounted for the largest share during the forecast period due to the increased traction and availability of processed food through various e-commerce platforms and established retail stores.
Fruit and Vegetable Processing Market Report Highlights
- The canned segment accounted for the largest revenue share in 2021, owing to the increasing demand for packaged foods
- Fillers are expected to be the fastest-growing segment during the forecast period as the demand for processed food is growing, and the companies are trying to increase their production capacities
- The automatic segment accounted for the largest share in 2021 as the companies operating in the industry are attempting to reduce human intervention to maintain standards and food quality
- Asia Pacific is expected to grow significantly over the projected period account owing to the increasing demand in developing economies such as China and India
- The global market is highly competitive owing to prominent players with a worldwide presence, including AGRANA Group, Alfa Laval, Anko Food Machine Co. Ltd., Bigtem Makine A.S, and Bonduelle, Bühler
Polaris Market Research has segmented the fruit and vegetables processing market report based on product, equipment, mode of operation, and region:
Fruit and Vegetable Processing, Product Outlook (Revenue – USD Billion, 2018 – 2030)
- Dried & Dehydrated
Fruit and Vegetable Processing, Equipment Outlook (Revenue – USD Billion, 2018 – 2030)
- Peeling & slicing
- Seasoning system
- Packaging and handling
Fruit and Vegetable Processing, Mode of Operation Outlook (Revenue – USD Billion, 2018 – 2030)
Fruit and Vegetable Processing, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa