Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8.5 Billion | USD 14.1 Billion | 6.5% | 2022 |
FrequentlyAsked Questions
Processing fruits and vegetables help items like frozen vegetables and fresh fruits last longer and are of higher quality. Processing of fruits and vegetables helps to boost the output of goods meant for use as food components.
The fruit & vegetable processing market has been largely driven by the growing demand for convenience foods, the growing food service industry, the increased presence of modern retail outlets, and growing awareness about the benefits of fruits & vegetables.
According to the report, the global market size was worth around USD 8.5 billion in 2022 and is predicted to grow to around USD 14.1 billion by 2030.
The global fruit & vegetable processing market is expected to grow at a CAGR of 6.5% during the forecast period.
The global fruit & vegetable processing market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market owing to the rising consumer expenditure on convenience foods, rising knowledge of the health advantages of eating fruits and vegetables, and rising imports of processed fruits and vegetables.
The global fruit & vegetable processing market is dominated by players like SPX FLOW, GEA Group Aktiengesellschaft, Tetra Pak International S.A., Krones AG, ALFA LAVAL, JBT., I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A, Feldmeier Equipment, Inc., Scherjon Dairy Equipment Holland B.V., Coperion GmbH, Van den Heuvel Dairy & Food Equipment B.V., GEMAK, Sealtech Engineers Private Limited, Inoxpa S.A., Stephan Machinery., SSP Pvt. Ltd, Saputo Inc., Mahanagar Engineering Pvt. Ltd, Dairy Tech India., ABL TECHNOLOGIES LTD, and Varsha Engineers among others.
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