The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Fruit And Vegetable Processing Global Market Report 2024, the fruit and vegetable processing market is expected to show significant growth in the forecast period.

The fruit and vegetable processing market has witnessed substantial growth, with the market size projected to reach $238.84 billion in 2024, reflecting a compound annual growth rate (CAGR) of 7.7%. This expansion can be attributed to various factors such as supply chain efficiency and evolving consumer preferences.

Anticipating Further Expansion

Looking ahead, the fruit and vegetable processing market is expected to experience robust growth, reaching $328.09 billion by 2028, driven by factors including the plant-based diet movement and the demand for customized and personalized food products.

The Surging Demand For Ready-To-Eat Foods Propels The Fruit And Vegetable Processing Market

Convenience is Key

The increasing demand for ready-to-eat (RTE) food products is a primary driver fueling the fruit and vegetable processing market. RTE foods offer consumers convenience and ease of consumption, catering to busy lifestyles and changing dietary preferences.

Insights from the Market

According to innovations in Food Technology, the convenience food sector witnessed significant growth, reaching £12,648 million ($15,176.5 million) in 2021. This underscores the growing preference for RTE foods and their impact on the fruit and vegetable processing market.

Energy-Efficient Equipment Reshapes The Landscape Of Fruit And Vegetable Processing

Embracing Efficiency

The adoption of energy-efficient food processing equipment is a key trend shaping the fruit and vegetable processing market. Companies are investing in innovative solutions such as the multi-level impingement freezer, which enhances energy efficiency and boosts production capacity.

Strategic Acquisitions

In November 2021, JBT Corporation acquired Urtasun Tecnología Alimentaria S.L., expanding its product portfolio within fruit and vegetable processing. This strategic move underscores the importance of broadening capabilities to meet evolving market demands.

Market Segmentation and Regional Dynamics

Understanding Market Dynamics

The fruit and vegetable processing market is segmented based on product type, operation type, material, processing systems, and equipment type, catering to diverse industry needs and preferences.

Regional Outlook

North America emerged as the largest region in the fruit and vegetable processing market in 2023. However, Asia-Pacific is poised to be the fastest-growing region in the forecast period, driven by rapid urbanization and changing consumption patterns.

In conclusion, the fruit and vegetable processing market is characterized by innovation and strategic investments aimed at meeting consumer demands and industry regulations. As companies embrace energy-efficient technologies and expand their product portfolios, the market is primed for continued growth, offering opportunities for stakeholders across the food industry landscape.

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The Fruit And Vegetable Processing Global Market Report 2024  provides an in-depth analysis on the fruit and vegetable processing market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the fruit and vegetable processing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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