Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Fruit and Vegetable Processing Market size is expected to reach $12.1 billion by 2028, rising at a market growth of 5.3% CAGR during the forecast period.
The Automatic segment acquired maximum revenue share in the Global Fruit and Vegetable Processing Market by Mode of Operation in 2021, thereby, achieving a market value of $8,550 million by 2028. The increasing growth of the segment is owing to the increasing adoption of technologies all over the world. Factors such as increased traction, availability, and distribution of processed fruits and vegetables across e-commerce channels and organized retail, as well as the requirement for faster processing and higher product quality. Fruits and vegetables are sorted according to their, shape, size, and other aspects and graded by weight using an automated fruit and vegetable sorting system. It can quickly sort fruits and vegetables, and the sorting grade can be adjusted.
The Canned segment is showcasing a CAGR of 5% during (2022 - 2028). The growth of this segment is attributed to the rising demand for canned fruits and vegetable goods, particularly fresh-cut canned products, in developed and emerging nations. Furthermore, the rising demand for canned vegetables in salt brine prepared foods in vegetable oil, and canned products in tomato condensed juice, among other products, is likely to boost the growth of this segment.
The Fruits segment has shown growth rate of 5.5% during (2022 - 2028). The increasing growth of the segment is attributed to increased demand for jams, frozen fruit, fruit jellies, dried fruit, fruit cheese, fruit juice, and fruit syrup around the world.. Moreover, Fruits are rich in various minerals and vitamins. Products, such as jams and jellies can be consumed as time-efficient appetizers due to their simplicity and ease of convenience.
The Fillers segment is leading the Global Fruit and Vegetable Processing Market by Equipment Type in 2021, thereby, achieving a market value of $3,066.2 million by 2028. The increasing growth of this segment is owing to the rising number of supermarkets and convenience stores. Filling machines, also known as fillers, are devices used in the production industry to quickly fill containers with the exact weight of the product. The majority would fill a vessel regarding product volume associated with net weight. After packaging, these products are supplied to convenience stores, supermarkets, and other distribution channels.
The Asia Pacific market dominated the Global Fruit and Vegetable Processing Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,917 million by 2028. The Europe market is estimated to witness a CAGR of 4.9% during (2022 - 2028). Additionally, The North America market would exhibit a CAGR of 4.6% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of PepsiCo, Inc., Conagra Brands, Inc., Nestle S.A., Syntegon Technology GmbH (Bosch Packaging Technology), Buhler Group, The Krones Group, Bonduelle S.A., GEA Group AG, Olam International Limited, and The Kraft Heinz Company.
By Mode of Operation
By Product Type
By Equipment Type
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