The demand for pre-processing equipment holds the largest market share, and it is expected to grow at a CAGR of around 7.0 per cent in the coming years
According to the market research report published by P&S Intelligence, the global fruit and vegetable processing equipment market accounted for $5.6 billion revenue in 2021, which is set to reach $10.2 billion by 2030, advancing at a 6.9 per cent CAGR between 2021 and 2030. The growing population and changing food choices, as people’s purchasing behaviour shifts toward higher-value commodities, are the major factors driving the market.
The demand for pre-processing equipment holds the largest market share, and it is expected to grow at a CAGR of around 7.0 per cent in the coming years. This is because fruits and vegetables gathered from farms contain dirt, germs, external nutrients, and biocides, making them unfit for direct eating.
Key findings:
- In the fruit and vegetable processing equipment market, the packaging and handling equipment category is expected to grow at a significant rate. This will be due to the rising need for packaging and handling equipment to extend the products’ shelf life and mandates by government for proper product labelling.
- Due to the high nutritional content, manufacturers of plant-based meals are focused on legumes, fruits and vegetables, and pulses to improve the flavour and texture of meals, which offers lucrative opportunities to industry players.
- The APAC fruit and vegetable processing equipment market is advancing at a significant rate due to the surging population, growing FDI, changing food preferences, and increasing disposable income.
- The US has a massive market for the equipment in North America, since it ranks third in the globe for ready-to-eat and packaged food consumption. Furthermore, the safety precautions implemented by authorities such as the FDA have resulted in a stronger public trust in processed food.
