The global fruit & vegetable processing market was valued at USD 230.96 Billion in 2016 and is projected to grow at a CAGR of 7.1% from 2017, to reach USD 346.05 Billion by 2022. The global fruit and vegetable processing market comprises the global fruit & vegetable processing equipment market and processed fruits & vegetables market.
To define, segment, and project the global fruit & vegetable processing equipment market size, with respect to type, operation type, and key regions.
To define, segment, and project the global processed fruits & vegetables market size with respect to type, product type, and key regions.
To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
To analyze the opportunities in the market for stakeholders and provide the competitive landscape of the market leaders
To project the size of the market and its submarkets, in terms of value and volume, with respect to the regions (along with the key countries)
To strategically profile key players and comprehensively analyze their market position and core competencies
To analyze the competitive developments such as expansions, acquisitions, joint ventures/partnerships/collaboration, and new product developments in the fruit & vegetable processing market
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The fillers segment is estimated to account for the largest share of the fruit & vegetable processing equipment market in 2017. The rising demand for convenience, easy-to-carry, handle, and store products is driving the demand for automated filling systems and flexible filling technologies. The growth in demand for viscous and semi-viscous products such as tomato paste, fruit concentrates, jams, fruit pulp, and sauces is expected to drive the demand for fillers during the forecast period.
The fruits segment is projected to grow at the highest CAGR during the forecast period, in the processed fruits & vegetables market, in terms of value and volume. Various nutritional benefits of fruits and initiatives by government & regulatory bodies such as WHO (Fruit and Vegetable Promotion Initiative) and USDA (Nutrition Assistance Programs) are some of the major factors responsible for the high demand for processed fruits in the market. Moreover, the growing number of supermarkets and hypermarkets that offer value-added fruits in emerging markets such as India, Brazil, Argentina, and East European countries also drives the growth of the fruits segment in the fruit & vegetable processing market.
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The Asia Pacific market is projected to grow at the highest CAGR during the forecast period followed by the South American region. Countries such as India and China are expected to be the major emerging markets for processed fruits & vegetables as well as fruit & vegetable processing equipment. The growth in the purchasing power and the wider availability of freezer units such as IQFs, increasing working population, growing number of distribution channels, and food service industry outlets such as McCain Foods, coupled with the government support in terms of foreign direct investment (FDI) and domestic policies are expected to drive the market growth in these regions.
The market for fruit & vegetable processing equipment is dominated by key players such as Bosch (Germany), Buhler (Switzerland), GEA Group (Germany), JBT Corporation (US), and Krones (Germany), while the market for processed fruits & vegetables is dominated by Conagra Brands (US), Dole Food (US), Kroger (US), Olam International (Singapore), The Kraft Heinz Company (US), Albertsons (US) Greencore Group (Ireland), and Nestlé (Switzerland).
Raw material suppliers
Fruit & vegetable processing companies and suppliers
Equipment manufacturers and suppliers for fruit and vegetable processing
Regulatory bodies such as government agencies and NGOs
Commercial research & development (R&D) institutions and financial institutions
Traders and distributors of processed fruit & vegetables
Traders and distributors of fruit & vegetable processing equipment
Government organizations and consulting firms
Trade associations and industry bodies