Fruit and Vegetable Processing Global Market Report 2024

The global fruit and vegetable processing market has grown strongly in recent years. It will grow from $221.74 billion in 2023 to $238.84 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth observed in the historical period can be attributed to the efficiency of supply chains, prevailing health and wellness trends, consumer demand for product diversity, the industrialization of agriculture, and trends in retail and distribution.

The global fruit and vegetable processing market is expected to see strong growth in the next few years. It will grow to $328.09 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The projected growth in the forecast period can be linked to the plant-based diet movement, the emphasis on clean label and transparency, a surge in customization and personalization, the increasing urbanization, and the expansion of globalization and trade. Key trends expected in the forecast period encompass a strong focus on food safety assurance, a commitment to transparency and traceability, the incorporation of global flavors and exotic varieties, an ongoing trend in customization and personalization, and a growing market for functional and fortified foods.

The growth in the demand for convenience food products is a key driver propelling the fruit and vegetable processing market. Convenience foods, especially those that are ready-to-eat and require minimal preparation, have gained popularity among consumers, particularly office workers seeking quick and easy meal options. The convenience food sector's significant market size, estimated at £12,648 million in 2021, reflects the increasing reliance on ready-to-eat processed foods. This trend is indicative of changing consumer lifestyles and preferences, emphasizing the need for processed fruits and vegetables that align with the demand for convenience.

The rising demand for frozen foods is expected to contribute to the growth of the fruit and vegetable processing market. Frozen food, as a preservation method, offers extended shelf life to fruits and vegetables, reducing food waste and ensuring year-round availability. The survey conducted by the American Frozen Food Institute (AFFI), indicating high consumer engagement with frozen foods, underscores the market's potential. The convenience and preservation benefits associated with frozen fruits and vegetables drive the demand for processing these items to create a range of frozen products. As consumers continue to prioritize convenience and seek alternatives with longer shelf lives, the fruit and vegetable processing market is positioned for growth.

The adoption of energy-efficient food processing equipment is a key trend gaining traction in the fruit and vegetable processing market. Major companies are increasingly investing in energy-efficient technologies, such as the multi-level impingement freezer introduced by OctoFrost. This freezer utilizes a high-speed airstream from both sides, resulting in quicker freezing compared to other belt freezers. The emphasis on energy efficiency aligns with sustainability goals and enhances production efficiency, making it a prominent trend in the industry.

Major companies in the fruit and vegetable processing market are focusing on expanding their facilities to modernize production capabilities. Facility expansion is a strategic move to increase production capacity and keep pace with growing demand. Conagra Brands' opening of a new processing facility in Waseca, Minnesota, highlights the industry's commitment to modernization and efficiency. The new facility, equipped with automation and state-of-the-art design, not only supports Conagra's frozen meals business and Birds Eye brand but also prioritizes food safety and optimal processing of fresh vegetables. Such expansions are crucial for meeting market demand, improving efficiency, and ensuring the competitiveness of companies in the fruit and vegetable processing sector.

In November 2021, JBT Corporation, a leading technology solutions provider based in the United States, successfully acquired UrtasunTecnologíaAlimentaria S.L. for a total consideration of $40 million. This strategic acquisition significantly enriches JBT's product portfolio, particularly in the domain of fruit and vegetable processing, with a specific emphasis on the fresh packaged and frozen markets. By incorporating Urtasun into its FoodTech division, JBT aims to leverage its extensive global sales and service network to accelerate growth. UrtasunTecnologíaAlimentaria S.L., headquartered in Spain, is recognized for providing innovative fruit and vegetable processing solutions.

Major companies operating in the fruit and vegetable processing market report are Del Monte Foods, Bühler Holding AG, Alfa Laval AB, JBT Corporation, Syntegon Technology GmbH, Krones AG, Bigtem, FENCO Food Machinery SRL, Dole PLC., Heat and Control Inc., Conagra Foods, The Agrana Group, Sysco Corporation, B&G Foods Inc., Nestlé S.A., Albertsons Companies Inc., Olam International, SVZ International, Archer Daniels Midland Company, Kraft Heinz Company, GEA Group, Robert Bosch GmbH, Tetra Laval International S.A., SPX Flow Inc., KHS GmbH, HRS Process Systems Ltd., Turatti Srl, Sormac B.V., Vanmark Corporation, Key Technology Inc., TOMRA Systems ASA, Bajaj Processpack Limited

North America was the largest region in the fruit and vegetable processing market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fruit and vegetable processing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fruit and vegetable processing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary product types resulting from fruit and vegetable processing are fresh, fresh-cut, canned, frozen, dried and dehydrated, and convenient. Fresh products are minimally processed, enhancing functionality without significantly impacting freshness. These products maintain a fresh taste, show no noticeable change in appearance, and retain their nutritional value. Operations in fruit and vegetable processing can be categorized as automatic or semi-automatic, utilizing materials such as fruits and vegetables. Processing systems encompass large-scale, intermediate-scale, and small-scale processing, with equipment types including pre-processing, peeling/inspection/slicing, washing and dewatering, fillers, packaging and handling, seasoning systems, and other specialized equipment. This comprehensive approach ensures the suitability of processed fruits and vegetables for a variety of applications while preserving their inherent qualities.

This report provides fruit and vegetable processing market statistics, including fruit and vegetable processing industry global market size, regional shares, competitors with a fruit and vegetable processing market share, detailed fruit and vegetable processing market segments, market trends, and opportunities, and any further data you may need to thrive in the fruit and vegetable processing industry. This fruit and vegetable processing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The fruit and vegetable processing market consist of sales of cleaning, trimming, and peeling, followed by cooking, canning, or freezing of fruit and vegetable processing products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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