Fruit and Vegetable Processing Market By Type (Fruits, Vegetables), By Product Type (Fresh, Fresh-cut, Canned, Frozen, Dried), By Processing Equipment (Pre-processing, Processing, Washing, Filling, Seasoning, Packaging), And Region - Global Analysis of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031
Global Fruit & Vegetable Processing Market to surpass USD 615.8 billion by 2031 from USD 306 billion in 2021 at a CAGR of 7.2% in the coming years, i.e., 2021-2031.
Food processing extends the shelf life of fruits and vegetables through canning, freezing, drying, and preparing jams, juices, and jellies. Cleaning, cutting, and peeling the raw material are the first steps in the processing process, followed by canning, cooking, or freezing. The operation of a plant is frequently seasonal. Large volumes of solid waste and effluents are common in the fruit and vegetable industry. High organic loads, salt, cleansing and blanching agents, and suspended solids such as fibers and soil particles are also present in the effluents. Pesticide residues from the raw components may also be present. Organic products, such as rejected fruits and vegetables, make up the majority of solid trash.
Global Fruit & Vegetable Processing Market is projected to register a notable CAGR of 7.2% by 2031
Global Fruit & Vegetable Processing Market to surpass USD 615.8 billion by 2031 from USD 306 billion in 2021 at a CAGR of 7.2% in the coming years, i.e., 2021-2031. Increased demand for ready-to-eat and on-the-go food items has resulted in market growth. Also, a rise in the need for convenience due to hectic customer lifestyles and an increase in per-capita income are a few other factors. As a result, there has been an increase in demand for processed foods. Because of the industry's rapid growth, the forecast for the fruit and vegetable processing market is predicted to stay good.
Fruit segment is predicted to witness significant growth during 2021-31
On the basis of type, the Fruit and Vegetable Processing Market is categorized into fruits and vegetables. During the forecast period, the fruit segment is expected to grow at the fastest CAGR. Because of the growing preference for healthy foods such as organic, ready-to-eat fruits, the segment is expected to grow significantly. Customers are urged to choose fruit items that are widely available and much tastier, such as fruit juices, as they become more health-conscious.
Fresh segment is expected to lead the market with the highest CAGR during 2021-31
On the basis of product, the Fruits and Vegetables Processing Market is divided into Fresh, Fresh-cut, Canned, Frozen, and Dried. In the fruit and vegetable processing industry, the fresh segment is expected to have the highest share. The rising demand for ready-to-cook produce is to blame for the increase. As a result of busy consumer lives, the market for processed fruits and vegetables is likely to be driven by demand for convenience foods, increased health consciousness, demand for fresh and fresh-cut fruits and vegetables that save the time for preparation, and convenient storage and longer shelf life.
Major focus on minimizing consumer risk is impelling the market growth
Since consumers are highly preferring raw, uncooked, or barely processed fruits and vegetable products, microbiological safety is becoming increasingly important. The growing requirement to use chemical treatments to limit the growth of natural microbial populations, such as sanitization and cleaning, will propel the market forward. Processed foods, such as canned foods, have a longer shelf life, which provides convenience, which is a primary growth driver for the business. The demand for fruit and vegetable processing has also been spurred by shifting consumer patterns in terms of nutritional choices as a result of the influence of western culture.
Growing purchasing power of processed foods is impacting the market growth
Processed food products benefit consumers since they are easier to use, eat, and store for a long period of time. Over the last few decades, consumer preferences in developing countries such as China, India, and Brazil have gradually shifted away from traditionally prepared breakfasts and snacking meals and toward ready-to-eat items.
Food recalling is hampering the Fruit & Vegetable Processing Market
Food recalls occur when food goods become contaminated as a result of a supply chain failure or gap. A food recall is initiated in response to a report or complaint regarding the product's quality. Any food recall tarnishes the company's reputation that produces it. This could result in a drop in sales of the company's other items, slowing market growth.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Fruit & Vegetable Processing Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Owing to high fruit and vegetable production and low-cost processing, the Asia Pacific region retained the largest market share. The increasing demand for nutritional food is having a big impact on the market for fruits and vegetables, and this is likely to offer additional investment opportunities in this region, which dominates in numerous agricultural products.
Owing to the concern of consuming safe, healthy, and nutritious food, the COVID-19 pandemic is expected to have a substantial impact on the fruit and vegetable processing sector. During the Covid-19 pandemic, food safety, food security, and food sustainability were all severely impacted. Consumer attitudes on food consumption have shifted dramatically, with a greater emphasis on safety and quality. Manufacturers have been compelled to analyze the safety standards of their food goods in order to maintain their production values in the market.
Global Fruit & Vegetable Processing Market is further segmented by region into:
Market size value in 2021
USD 306 billion
Revenue forecast in 2031
USD 615.8 billion
CAGR of 7.2% from 2021 to 2031
Base year for estimation
Revenue in USD million and CAGR from 2021 to 2031
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Type, Product Type, Processing Equipment, and Region
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Key companies profiled
GEA Group AG, Bühler, Alfa Laval, JBT Corporation, Syntegon Technology GmbH, Krones AG, Marel, Bigtem Makine A.S., FENCO Food Machinery S.R. L., ANKO FOOD MACHINE CO.LTD, Heat and Control, Inc., and Finis.
The fruit & Vegetable Processing Market size was estimated at USD 306 billion in 2021 and is expected to reach USD 615.8 billion in 2031
The goal of fruit and vegetables processing is to deter microbial spoilage and natural physiological deterioration of the plant cells. Generally, the techniques include blanching, dehydrating, canning, freezing, fermenting and pickling, and irradiating, which make the products consumable for humans.
The Fruits segment accounted for the largest Fruit & Vegetable Processing Market share.
Key players in the Fruit & Vegetable Processing Market include GEA Group AG, Bühler, Alfa Laval, JBT Corporation, Syntegon Technology GmbH, Krones AG, Marel, Bigtem Makine A.S., FENCO Food Machinery S.R. L., ANKO FOOD MACHINE CO.LTD, Heat and Control, Inc., and Finis.
Rising demand for convenience foods, increasing modern retail outlets, and increasing food service industry, drive the fruit & vegetable processing market growth.
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