Fruit and Vegetable Processing Market will Procure $319.9 billion by 2020

Fruit and Vegetable Processing Market will Procure $319.9 billion by 2020

According to the report, global demand for fruit and vegetable processing was valued at USD 203.3 billion in 2014, is expected to reach USD 319.9 billion in 2020 and is anticipated to grow at a CAGR of 7.9% between 2016 and 2020. Zion Market Research has published a new report titled “Fruits and Vegetables Processing Market (Fresh, Canned, Frozen, Fresh Cut, Dried, And Convenience Products) by Processing Equipment (Packaging, Pre-Processing, Washing and Dewatering, Processing, Filling, and Seasoning), Operation Type (Automatic and Semiautomatic): Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020.”

Fruits and vegetables are amongst the perishable commodities and vital ingredients in the human dietaries. They are the cheaper and better food source and make a considerable nutritional contribution to human well-being owing to their high nutritive value. Fruit and vegetable processing is done widely in the food and beverage industry. Several types of processing such as drying, canning, freezing, and preparation of jams, juices, and jellies augment the shelf life of fruits and vegetables.

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Rising disposable incomes, quality and convenience, increasing levels of fruit and vegetable imports, increasing rates of urbanization, consumer demand for safety, scientific and technological developments, and the growth of fast food chains and supermarkets are driving the growth of processed fruits and vegetable market in developing the region. Currently, processed, ready-to-eat or frozen food is gaining popularity owing to product diversification, changing food habits, mass production practices, and busy lifestyle. However, stringent food safety regulation for processed food products affects the market growth.

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The processing method is different for each of these product segments. Several types of processing equipment used include packaging, pre-processing, washing and dewatering, processing, filling, and seasoning. The product type segment of the fruit and vegetable market include fresh, canned, frozen, fresh cut, dried, and convenience products. Canned fruits and vegetables emerged as potential segments due to rising demand and consumption worldwide and acquired around 20% of the overall market share in 2014. Different operation types of processing equipment are semi-automatic and automatic.

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North America dominated the fruit and vegetable processing market in 2014 which was mainly contributed by high consumption of frozen food products in U.S. and Canada. However, due to increasing health awareness consumers are expected to shift their preference toward fresh produce in the long run. Demand for processed fruits and vegetables have grown strongly in the developing countries of Asia-Pacific over the past five years. China is the world’s leading exporter of processed fruit and vegetables. India is one of the world’s largest producers of fresh fruit and vegetables, however, fruit and vegetable processing is relatively undeveloped in this country.

Due to the variety of products in this market, there are regional differences in specific fruit and vegetable input production and different vegetable and fruit product preferences country-by-country. Well known players in this market space are McCain Foods Ltd., GEA Group AG, Del Monte Foods, Inc., Nestle S.A., Safeway, Inc., Krones AG, Conagra Foods, Inc., Dole Food Company, Inc., Maxwell Chase Technologies, The Kroger Company, Greencore Group PLC, Campbell Soup Company and H. J. Heinz Company.