The global Fruit and Vegetable Processing Market size is projected to reach a CAGR of 6.4% from 2023-2030.
Processing fruits and vegetables is very important to produce products for direct consumption and as food ingredients. During processing, the main objectives are to preserve the color, flavor, texture, and nutrition while prolonging the shelf life of perishable fruits and vegetables. Processing (canning, drying, freezing, and preparation of juices, jams, and jellies) increases the shelf life of fruits and vegetables. Processing steps include the preparation of the raw material (cleaning, trimming, and peeling followed by cooking, canning, or freezing.
Growth in the Fruit and Vegetable Processing Market can largely be attributed to factors such as the Rising understanding of fruit and vegetable benefits is a major factor fruit - vegetable processing market. Furthermore, the factors that will propel the growth of the market are rising demand for convenience foods, increasing food service industry, and increasing modern retail outlets driving the fruit-vegetable processing market growth.
On the other hand, food recalls incidences, complex supply chains, and high inventory carrying costs hinder the growth of the fruit-vegetable processing market. The major challenges faced by the processors and manufacturers are the high capital investment for equipment and stringent regulations that ensure consumer safety in the fruit-vegetable processing market.
The COVID-19 pandemic is projected to have a significant impact on the fruit and vegetable processing market, as it has highlighted the significance of safe, healthy, and nutritive eating. Food security, food safety, and food sustainability have been considerably affected during the Covid-19 pandemic. Consumer behavior related to the food consumed saw sharp shifts, with a higher preference for safety and quality. These have further propelled the manufacturers to assess the safety parameters of their food products to be able to sustain their product values in the market.
The fruit and vegetable processing market is a rapidly growing industry that plays a crucial role in ensuring food security, reducing food waste, and increasing the shelf life of fresh produce. The market is primarily driven by the increasing demand for convenience food, the use of natural and organic ingredients in the food processing industry, growing awareness about the health benefits of fruits and vegetables, and the expansion of the food processing industry. The fruit and vegetable processing market is characterized by the presence of several large multinational players such as Nestle, Conagra Brands, and Dole Food Company, as well as several smaller regional players. Innovation and product development are key strategies to stay competitive in the market. Else Distribution networks and Economies of scale are the only moats of this industry.
Asia Pacific to Dominate the Market
