December 2024
21 Dec 2022
The global fruit and vegetable processing market size was exhibited at USD 342.55 billion in 2022 and is expected to gain around USD 545 billion by 2030, poise to grow at a compound annual growth rate (CAGR) of 5.98% during the forecast period 2022 to 2030.
During the pandemic, there was a growth in awareness regarding the importance of the fruit and vegetable processing market in developing as well as developed economies. As this market offers products that are healthy nutritive and safe for consumption there was a growing demand for these products during the pandemic. consumers were analyzing the quality and nutritive contents of these products during the pandemic in order to enhance the immunity
Report Highlights
Fruit And Vegetable Processing Market Report Scope
| Report Coverage | Details |
| Market Size In 2022 | USD 342.55 Billion |
| Market Size By 2030 | USD 545 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 5.98% |
| Base Year | 2022 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | By Type, By Product, By Material, By Technology, By Processing Systems and By Equipment Type |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Regional Snapshots
The Asia Pacific region is expected to have the largest growth during the forecast period in terms of revenue. Major nations contributing to the generation of maximum revenue in the fruit and vegetable processing market are India China and Japan. In order to facilitate technological advancements in this industry then increase in the government initiatives in the Asia Pacific region. Rapid industrialization and increased per capita income are auto factors that are responsible for the growth of this market. The high amount of disposable income and improved lifestyles amongst many consumers in the nations like Japan China and India have led to a great demand for processed fruits and vegetables.
The presence of major market players in the European nations is leading to the growth of the market. Availability of these processes' fruits and vegetables on the plant platforms is also helping in the growth of the market. North American region will also have a large share off revenue of the fruit and vegetable processing market during the forecast period. There has been a change in the lifestyle of consumers across many nations in the North American region in order to enhance their nutritive food intake. Growing awareness about health and the availability of nutritive food products in the market is leading to the growth of these products.
Market Dynamics
Drivers
As the majority of the households in the developed, as well as the developing economies, are dual-income households these couples lead a busy lifestyle. In order to seek convenience and ease of cooking processed food market is expected to grow in this region. when it comes to understanding the health benefits and the nutritive value of these food products consumers have a positive outlook. Increased demand for on-the-go food items is due to the rise in per capita income of these households. Owing to all of these reasons the market for processed foods is expected to grow during the forecast period.
In recent years even in developing economies, there has been a great demand for ready to eat products or snacking meals in the countries like India China or Brazil. This shift from traditional homemade meals two processed food products is driving the market growth.
Restraints
When there is a delay in supply or the demand for processed food products is less there is a wastage which leads to losses in terms of revenue. An action which is taken to stop the sale distribution or consumption of any of these food products as they may be risky for consumption is called a food recall. there have been many instances of food recall in the processed food market due to its contamination. This procedure is extremely important in order to prevent unsafe foods from being consumed by consumers. In case of any food poisoning cases or any other cases relating to the consumption of contaminated food will hamper the reputation of the manufacturing company. All of these reasons are the restraining factors in the growth of processed food products. One major reason which hampers the growth of this market is the fear among consumers regarding the risk associated with the consumption of contaminated processed food products.
Opportunities
The growing trend of a vegan diet and increasing demand for plant-based foods is providing a great opportunity for the growth of the fruit and vegetable processing market.
The rapid shift to urbanization has encouraged the use of packed and processed food products owing to the fast lifestyles adopted by society. People are much more concerned about the waste of time which is calculated as waste of money and hence ready to eat food products have made their way through the lives of people.
Challenges
Major market players are taking a keen interest in developing plant-based alternatives for meat and hence products obtained from animal sources have to face challenges in terms of the government guidelines and policies which stop their supply. These norms and regulations are strict enough to hamper the market growth during the forecast period. The high cost associated with the storage processes of these raw materials has also challenged the growth of the market. The transfer of a number of uncommon diseases from the sources from which collection has been obtained have also posed a challenge to the growth of the market during the forecast period.
Recent Developments
Key Market Players
Market Segmentation
By Type
By Product
By Mode of Operation
By Material
By Technology
By Processing Systems
By Equipment Type
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