Global Fruit and Vegetable Processing Market: A Growing Industry at 6.5% CAGR and Will Reach 14.1 Billion by 2030 Fueled by Consumer Trends and Health Awareness report by Zion Market Research

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02 Mar, 2023, 11:12 ET

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NEW YORK, March 2, 2023 /PRNewswire/ -- As per Zion Market Research study, The global fruit & vegetable processing market size was worth around USD 8.5 Billion in 2022 and is predicted to grow to around USD 14.1 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.5% between 2023 and 2030.

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Fruit & Vegetable Processing Market: Overview

Fruit and vegetables are both major food products in their own right and key ingredients in many processed foods. There has been growing research on their importance to health and techniques to preserve the nutritional and sensory qualities desired by consumers. Processing (canning, drying, freezing, and preparation of juices, jams, and jellies) increases the shelf life of fruits and vegetables. Processing steps include preparation of the raw material (cleaning, trimming, and peeling followed by cooking, canning, or freezing). Processing fruits and vegetables is intended to do two things: First is to preserve them by slowing down the natural processes of decay caused by micro-organisms, enzymes in the food, or other factors such as heat, moisture, and sunlight.

The second one is to change them into different foods, which are attractive and in demand by consumers. Like chefs and caterers, processors should use their skills to develop attractive recipes and make products that consumers want to eat. By doing this successfully, they can increase sales and earn an income.

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Key Industry Insights & Findings of the Fruit & Vegetable Processing Market Reports:

Zion Market Research published the latest report titled "Fruit & Vegetable Processing Market By Type (Fruit And Vegetable), By Product Type (Frozen, Canned, Dried & Dehydrated And Others), By Technology (High Pressure Processing (HPP), Microwave Processing, And Pulsed Electric Field Processing (PEF)), By Processing System (Small Scale Processing, Intermediate Scale Processing, And Large Scale Processing) By Equipment Type (Pre-Processing Equipment, Peeling/Inspection/Slicing, Washing & Dewatering, Fillers, Seasoning, Packaging & Handling, And Others), By Operation (Automatic And Semi-Automatic) And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030" into their research database.

Industry Dynamics:

Fruit & Vegetable Processing Market: Growth Drivers

In terms of customer preferences, ready-to-eat goods have gradually replaced traditionally prepared breakfasts and snacking meals in emerging countries such as China, India, and Brazil during the last two decades. According to a December 2020 "Food Processing" report, sales of pantry products and other home needs soared during COVID-19. Frozen food sales surged by 40% in March, while canned soup sales increased by 200% year on year. Demand for fruit juices and other comfort foods increased dramatically. This has aided the growth of the industry for processed fruits and vegetables.

Fruit & Vegetable Processing Market: Restraints

Recalls of food goods occur when they are contaminated as a result of a supply chain flaw or failure. A food recall is defined by the food standards Australia New Zealand (FSANZ) as an action done to remove unsafe food from sale, distribution, and consumption that may endanger consumers' safety. A notice or complaint regarding the product's quality leads to the start of a food recall. Therefore, it is anticipated that the rising frequency of food recalls would restrain the global fruit & vegetable processing market expansion.

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Fruit & Vegetable Processing Market: Opportunities

The desire for organic, fresh, and exotic fruits and vegetables is driving the growth of the fruit and vegetable processing industry. Customers want premium goods with unaltered nutritional, mineral, and calcium qualities. The industry for processing fruits and vegetables is being driven by changes in people's eating habits over the past several years and the rising popularity of veganism. Due to their affordability and ease of availability, the presence of retail and e-commerce platforms has further fueled the industry for processed fruits and vegetables.

Fruit & Vegetable Processing Market: Challenges

Agriculture production is fundamentally reliant on the fresh food value chain. It affects a wide range of additional factors, including farmer profit margins, export conditions, and the consequences on a country's economy. The likelihood of loss can be increased by typical physiological changes brought on by environmental factors that hasten natural degradation, such as high temperatures, low air humidity, and physical damage.

Aberrant physiological deterioration is typically observed when fresh food is subjected to temperature extremes, air changes, or contamination. Due to undesirable odors, inability to ripen, or other changes in the food's biological processes, the product may become unsuitable. Thus, acts as a major challenge for market growth.

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Global Fruit & Vegetable Processing Market: Segmentation

Based on the type, the global market is bifurcated into fruit and vegetable. The vegetable segment held the largest revenue share in 2022 and is expected to show its dominance during the forecast period. The growth in the segment is attributable to the growing demand for processed vegetables across the globe particularly frozen vegetables, vegetable sauce, and vegetable juice. On the other hand, the fruits segment is expected to grow at the highest CAGR over the forecast period owing to the increasing demand for jams, fruit jellies, dried fruits, and others.

Based on the product type, the global fruit & vegetable industry is segmented into frozen, canned, dried & dehydrated, and others. The canned segment is expected to dominate the market throughout the forecast period due to rising demand for canned fruits and vegetables in both developed and developing nations, particularly for fresh-cut canned items. Furthermore, rising demand for canned veggies in salt brine, canned goods in vegetable oils, and canned products in tomato concentrated juice are likely to propel the market forward.

Based on the technology, the global fruit & vegetable processing market is divided into High Pressure Processing (HPP), Microwave Processing, and Pulsed Electric Field Processing (PEF). The High Pressure Processing (HPP) segment is expected to hold the largest market share during the forecast period. The growth in this is due to the increased use of HPP technology in the preparation of jams and similar goods to maintain the natural fruit flavor. This method is ideally suited for high-value, higher-priced products that must keep flavor and color. HPP is a vital technique in ensuring food safety because the product is not reopened until it reaches the customer, which is projected to promote sector expansion.

Based on the processing system, the global fruit and vegetable processing industry is segmented into small-scale processing, intermediate-scale processing, and large-scale processing.

Based on the equipment type, the market is bifurcated into pre-processing equipment, peeling/inspection/slicing, washing & dewatering, fillers, seasoning, packaging & handling, and others.

Based on the operation, the global industry is divided into automatic and semi-automatic.

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List of Key Players in Fruit & Vegetable Processing Market:

Key questions answered in this report:

Report Scope:

Report Attribute

Details

Market size value in 2021

USD 8.5 Billion

Revenue forecast in 2030

USD 14.1 Bllion

Growth Rate

CAGR of almost 6.5% 2023-2030

Base Year

2020

Historic Years

2016 – 2022

Forecast Years

2023 – 2030

Segments Covered

By Type, By Product Type, By Technology, By Processing System, By Equipment Type, By Operation, And By Region

Forecast Units

Value (USD Billion), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2023 to 2030

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Companies Covered

SPX FLOW, GEA Group Aktiengesellschaft, Tetra Pak International S.A., Krones AG, ALFA LAVAL, JBT., I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A, Feldmeier Equipment, Inc., Scherjon Dairy Equipment Holland B.V., Coperion GmbH, Van den Heuvel Dairy & Food Equipment B.V., GEMAK, Sealtech Engineers Private Limited, Inoxpa S.A., Stephan Machinery., SSP Pvt. Ltd, Saputo Inc., Mahanagar Engineering Pvt. Ltd, Dairy Tech India., ABL TECHNOLOGIES LTD, and Varsha Engineers among others.

Report Coverage

Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Customization Scope

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Recent Developments

Regional Dominance:

North America is expected to dominate the global fruit & vegetable processing market during the forecast period. The growth in the region is attributable to the rising consumer expenditure on convenience foods, rising knowledge of the health advantages of eating fruits and vegetables, and rising imports of processed fruits and vegetables. For instance, according to the US Department of Agriculture, in the last ten years, U.S. fruit imports increased by $8.9 billion to meet rising demand.

As more Americans choose fresh foods instead of processed ones to eat better, consumers have favored more fresh vegetables. Additionally, expanding imports of fruits like pineapples, mangos, and papaya are the result of increasing ethnic variety and a growing need for more tropical produce. Furthermore, since canned and other processed fruits and vegetables have a relatively longer shelf life than fresh food, customers prefer them. In the United States, Canada, and other nations, various businesses provide equipment for processing fruits and vegetables.

The majority of these manufacturers are small and medium-sized businesses (SMEs), although a lot of big, well-known American brands do business internationally. For instance, Excalibur provides dehydrators to dry fruits, vegetables, and leafy greens for nutritious snacks, as well as various shelf-stable food varieties that are secure to consume at home. Along with the end-user need, factors such as the high cost of labor in the US, low workforce retention rates, and immigration regulations are predicted to hasten the demand for innovation and equipment automation with enhanced functionality.

On the other hand, the Asia Pacific is expected to grow at the highest CAGR over the forecast period. The growth in the region is owing to the expansion of the processed food and beverage sector and the rising demand for fresh produce. Moreover, the increasing production of fruits and vegetables especially in the countries like China and India. All types of fresh fruits and vegetables are widely available because of India's diverse environment. After China, it is the second-largest producer of fruits and vegetables in the world.

India produced 200.45 million metric tonnes of vegetables and 102.48 million metric tonnes of fruits in 2020–21, according to the National Horticulture Database (Second Advance Estimates) issued by the National Horticulture Board. Fruits were grown on an area of 9.6 million hectares, while vegetables were grown on an area of 10.86 million hectares. Additionally, according to FAO (2021), India is the leading producer of ginger and okra among vegetables, and it ranks second in the production of potatoes, onions, cauliflowers, brinjal, cabbages, and other vegetables. Among fruits, the country produces the most bananas (26.45%), mangoes (including mangosteens and guavas) (43.80%), and papayas (39%).

Global Fruit & Vegetable Processing Market is segmented as follows:

Fruit & Vegetable Processing Market: By Type Outlook (2023-2030)

Fruit & Vegetable Processing Market: By Product Type Outlook (2023-2030)

Fruit & Vegetable Processing Market: By Technology Outlook (2023-2030)

Fruit & Vegetable Processing Market: By Processing System Outlook (2023-2030)

Fruit & Vegetable Processing Market: By Equipment Type Outlook (2023-2030)

Fruit & Vegetable Processing Market: By Operation Outlook (2023-2030)

Fruit & Vegetable Processing Market: By Region Outlook (2023-2030)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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