Global Fruit & Vegetable Processing Market
GMI Research analyses that the Fruit & Vegetable Processing Market will surge up at a CAGR of 7.95% over the forecast period. This is because of the expansion in the foodservice industry and the augmenting consciousness about the benefits of consuming fruits and vegetables.
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Fruit & Vegetable Processing Market Dynamics
Fruit and vegetable processing holds a significant prominence before their direct consumption. The central purpose of the processing is to maintain the taste, color, consistency, and nutritional value while raising the shelf life of putrescible fruits and vegetables. The increasing reliability of processed food throughout the world has propelled the growth of the global fruit and vegetable processing market. Also, as per the market report, the expansion in the foodservice industry and the accelerating number of retail stores with a growing demand for ready-to-eat food has proliferated the growth of the market. The intensified investment in introducing automation in processing instruments will complement the market growth. Besides this, the changes in the dietary habits of consumers are anticipated to elevate the market growth. However, the major obstacles faced by the producers are the rigorous norms to certify consumer safety in the fruit and vegetable industry, and the need for excessive capital investment is likely to restrain the Fruit & Vegetable Processing market growth.
Regional Drivers
Based on the regional analysis, the North American region is anticipated to flourish at a notable rate over the coming years. The developed fruit and vegetable processing industry and the participation of leading organizations will drive market growth.
On the other hand, the Asia Pacific region will expand at a faster CAGR over the next few years. This is because of the accelerating middle-class population and increasing health consciousness among individuals.
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