Fruit and Vegetable Processing Market – Trends Forecast Till 2030

Market Snapshot

Market Overview

The global Fruit and Vegetable Processing Market size is projected to reach a CAGR of 6.4% from 2023-2030.

Processing fruits and vegetables is very important to produce products for direct consumption and as food ingredients. During processing, the main objectives are to preserve the color, flavor, texture, and nutrition while prolonging the shelf life of perishable fruits and vegetables. Processing (canning, drying, freezing, and preparation of juices, jams, and jellies) increases the shelf life of fruits and vegetables. Processing steps include the preparation of the raw material (cleaning, trimming, and peeling followed by cooking, canning, or freezing.

Growth in the Fruit and Vegetable Processing Market can largely be attributed to factors such as the Rising understanding of fruit and vegetable benefits is a major factor fruit - vegetable processing market. Furthermore, the factors that will propel the growth of the market are rising demand for convenience foods, increasing food service industry, and increasing modern retail outlets driving the fruit-vegetable processing market growth.

On the other hand, food recalls incidences, complex supply chains, and high inventory carrying costs hinder the growth of the fruit-vegetable processing market. The major challenges faced by the processors and manufacturers are the high capital investment for equipment and stringent regulations that ensure consumer safety in the fruit-vegetable processing market.

The COVID-19 pandemic is projected to have a significant impact on the fruit and vegetable processing market, as it has highlighted the significance of safe, healthy, and nutritive eating. Food security, food safety, and food sustainability have been considerably affected during the Covid-19 pandemic. Consumer behavior related to the food consumed saw sharp shifts, with a higher preference for safety and quality. These have further propelled the manufacturers to assess the safety parameters of their food products to be able to sustain their product values in the market.

Delvens Industry Expert's Standpoint

The fruit and vegetable processing market is a rapidly growing industry that plays a crucial role in ensuring food security, reducing food waste, and increasing the shelf life of fresh produce. The market is primarily driven by the increasing demand for convenience food, the use of natural and organic ingredients in the food processing industry, growing awareness about the health benefits of fruits and vegetables, and the expansion of the food processing industry. The fruit and vegetable processing market is characterized by the presence of several large multinational players such as Nestle, Conagra Brands, and Dole Food Company, as well as several smaller regional players. Innovation and product development are key strategies to stay competitive in the market. Else Distribution networks and Economies of scale are the only moats of this industry.

Market Portfolio

Key Findings

• The fruit and vegetable segment is sub-segmented into Fruits, Vegetables, and Others. The fruits segment is expected to dominate the market during the forecast period. The fruit segment is projected to witness significant growth due to the increasing preference for healthy food such as organic, ready-to-eat fruits. As customers are becoming more health conscious, they are encouraged to opt for fruit products that are readily available and much tastier like fruit juices.
   
• The product type segment is sub-segmented into Fresh, Fresh-cut, Canned, Frozen, Dried & dehydrated, and Convenience. The fresh segment is anticipated to dominate the market. the segment dominates the market because of its 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.
   
• The market is segmented into various regions such as Asia Pacific, North America, Europe, South America, and Middle East & Africa. The Asia Pacific market is projected to grow at the highest CAGR during the forecast period.

Regional Analysis

Asia Pacific to Dominate the Market

• The market was the largest in the Asia Pacific region, owing to the high production of fruits & vegetables and low-cost processing of fruits & vegetables. The growing demand for nutritional food is significantly impacting the increasing demand for fruits & vegetables and is expected to create more investment opportunities in this region, as it majorly dominates in various agricultural produce.
   
• During the forecast period, the increasing purchasing power and the wider availability of freezer units such as IQFs are expected to drive continued geographic expansion by major international players such as McCain Foods, dominating in processed potato market.

Competitive Landscape

• GEA Group Aktiengesellschaft
• SPX FLOW
• Krones AG
• Tetra Pak International S.A.
• 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.

Recent Developments

• In September 2021, The Kraft Heinz Company entered into an agreement to acquire “Hemmer,” a Brazilian company focused on condiments and sauces. The acquisition is designed to expand consumers’ taste options in Brazil while supporting Kraft Heinz’s strategy of growing its International Taste Elevation product platform and its presence in emerging markets.
   
• In June 2021, the Kraft Heinz Company announced today that it has reached an agreement to purchase Assan Foods. Assan Foods manufactures and sells a wide range of products, including those that appeal to a variety of international cuisines and are sold under brands including Colorado.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and most suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
   
• Gain authentic and granular data access for Fruit and Vegetable Processing Market so as to understand the trends and the factors involved in changing market situations.
   
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
   
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

Report Scope