The Fruit and Vegetable Processing Market is projected to reach a value of nearly USD 11.8 billion by 2027, growing at a CAGR of 6.4% from 2022. It is estimated to account for nearly USD 8.7 billion in 2022. In the 21st century, globalization has led to an increase in trade and resulted in aggressive R&D initiatives by several food & beverage manufacturers. Advanced technologies for food ingredients and food processing include membrane technology, super-critical fluid technology, and molecular techniques such as Polymerase Chain Reaction (PCR) and High-Pressure Processing (HPP) technology. Other new processing technologies use non-thermal preservation techniques such as pulsed electric fields, ultrasound, pulsed light, and hurdle systems to maintain the texture and freshness of the food products. Development of new machinery and enhancement of the existing ones are the key strategies adopted by many players in the fruit and vegetable processing market. In addition, increasing focus on the expansion of facilities, marketing schemes, and information exchange programs to create awareness and enhance the applications of fruit and vegetable processing is projected to contribute to the growth of the market.
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Opportunities: Growing demand for Vegan food products
Over the last few years, there has been growing interest in the development and production of plant-based alternatives to meat. The global market for plant-based substitutes is projected to reach USD 85 million by 2030. Also, in the US, the demand for beef and dairy products is expected to shrink by 80–90% by 2035. Manufacturers of plant-based foods are capitalizing on the use of fruits & vegetables, legumes, and pulses; they are also mulling over fruit-based products because of their nutritional composition and superior functionality, which can bring upon textural and flavor enhancements.
Challenges: Physiological deterioration and infections
The fresh produce value chain is a basic and monumental aspect of agricultural production. Among many other factors, it affects the quality of products for consumers, profit margins for farmers, and export conditions and consequences for a country. There can be an increased risk in the rate of loss because of normal physiological changes caused by conditions that increase the rate of natural deterioration, such as high temperature, low atmospheric humidity, and physical injury. Fresh produce, when subjected to extremes of temperature, atmospheric modification, or contamination, abnormal physiological deterioration is often observed. This may cause unpalatable flavors, failure to ripen, or other changes in the living processes of the produce, making it unfit for use.
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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)
