The fruit and vegetable processing market is estimated to account for nearly USD 8.7 billion in 2022 and is projected to reach a value of nearly USD 11.8 billion by 2027, growing at a CAGR of 6.4% from 2022. The demand for fruit and vegetable processing is increasing significantly, due to the increasing consumption of processed fruit and vegetables products in developing countries such as China, India, South Africa and Brazil.
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Key players in this market include GEA Group (Germany), Alfa Laval (Sweden), JBT Corporation (US), Heat & Control Inc. (Sweden), Krones AG (Germany), Bühler (Switzerland), Marel (Iceland), Bigtem Makine A.S. (Turkey), Fenco Food Machinery S.R.L (Italy), Anko Food Machine co., Ltd (Taiwan), Syntegon Technology GmbH (Germany) and Finis (US).
The fresh fruits and vegetables segment is estimated to account for the largest share in the fruit and vegetable market
The fresh segment includes minimally processed agricultural produce. Fruits and vegetables are treated to be preserved and packaged to prevent wastage or spoilage(by microbial contaminants) during transport. Various government initiatives and food policy councils have been created to increase the consumption of fruits and vegetables which in turn increased the demand for fresh fruits and vegetables.
By product type, the fresh fruit and vegetable segment is projected to be the fastest-growing segment during the forecast period in the processed fruit and vegetables market .
During the forecast period, the fresh fruit and vegetables segment is projected to grow at the highest CAGR in the processed fruit and vegetables market, in terms of value. This segment is estimated to grow due to the increasing demand for ready-to-cook produce. Thus, due to the busy consumer lifestyles, demand for convenience food, growth in health awareness, demand for fresh and fresh-cut fruits & vegetables that save preparation time, and convenient storage & longer shelf life are expected to drive the market for processed fruits & vegetables.
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The Asia Pacific is estimated to dominate the processed fruit and vegetables market in 2022.
The Asia Pacific is estimated to account for the largest market share in the processed fruits & vegetables market in 2022. The fruit & vegetable processing industry in developing economies such as Asia Pacific and South American countries has developed due to factors such increasing number of working women and middle-class population, bulk production of various agricultural products, and government subsidies in countries such as India, coupled with trade liberation.
This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the bakery processing equipment market. It includes the profiles of leading companies such as Conagra brands (US), Greencore group (Ireland), Nestle (Switzerland), Olam International (Singapore), The Kraft Heinz Company (US), Pepsico Inc. (US), AGRANA Group (Austria), Bonduelle (France), Dole Food (US), SVZ International B.V. (US), Sahyadri Farms (India), Diana Group S.A.S. (France) and Raje Agro Food (India)