Fruit Processing Market Report: Industry Analysis, Trends, Size, and Forecasts 2032
Fruit Processing Market Overview:
The Fruit Processing Market will attain a CAGR of 6.37% and
reach a valuation of USD 14.14 billion by 2024-2032.
The lifestyle changes in consumers with alterations in their
eating habits are driving the market’s growth. The research and development
initiatives in the food & beverage industry are promoting the market
globally.
The advanced techniques for fruit processing include
supercritical fluid technology, membrane technology, and molecular techniques
like High-Pressure Processing (HPP) technology and Polymerase Chain Reaction
(PCR). The fruit processing industry is also using non-thermal preservation
techniques to maintain the texture of the fruit. Moreover, the new machinery
invention and upgradation of existing ones bring up robust growth opportunities
for the Fruit
Processing Market. The growing focus on advanced facilities, and
marketing schemes, to create awareness to contribute to promoting the market’s
growth rate.
During the COVID-19 pandemic, the market was positively
impacted because of its significant factors, such as healthy, safe, and
nutritive eating. Also, the industrial players’ development meets the
convenience demand of busy customers. The increased per-capita income is
driving the demand for ready-to-eat food items. All these growth and
opportunistic factors will promote the market’s growth in the forecast period.
Key Players:
Major Fruit
Processing Market Companies including Safeway Inc. (US), Gourmet Foods
International (US), The Kroger Company (US), Dole Food Company Inc. (US),
Nestle S.A. (Switzerland), Del Monte Foods Inc. (Singapore), ConAgra Foods Inc.
(US), and others, are attempting to increase market demand by investing in
research and development operations.
Market Segmentations:
The Fruit Processing Market is categorized into segments
such as type, operation type, and equipment type.
The type segment of the market is classified into dried
type, canned type, frozen type, fresh type, fresh-cut type, and many others.
With the rise in demand for convenient food items, fresh processed fruits are
the leading largest market share.
The equipment type segment is categorized into packaging
equipment type, filling equipment type, seasoning equipment type, processing
equipment type, washing & dewatering equipment type, and pre-processing
equipment type. Among these, the packaging equipment type is leading the
market.
The operation type segment is subdivided into semi-automatic
operation type and automatic operation type. The automatic operation type is
leading the market due to the rising technological innovation.
Regional Analysis:
The Fruit
Processing Industry covers the major regions such as the North American
region, European region, Asia-Pacific region, Latin American region, and the
Middle East and Africa.
The North American region is capturing the largest share due
to the presence of top industrial players. The Asia-Pacific is the next leading
region with the fastest growth rate. The regional market is accelerating due to
the rapid urbanization rate, and lifestyle changes are driving the market
demand.
The European region is the third leading region due to the
presence of advanced infrastructure, which is driving the regional market.
Other regions, such as Latin America, the Middle East, and Africa, capture the
least market share because of underdeveloped infrastructure. Moreover, low per
capita income restricts regional market growth in these regions.
Industry News:
In September 2022, the Spanish Government approved 12
million euros to support the fruit processing plants. This initiative was taken
to overcome the effect of the April frost. On September 13, the Council of
Ministers adopted a royal decree to lay down the regulatory basis to grant
minimum State aid to fruit processing plants. The legislative text includes
grants of subsidies to process pome fruit, stone fruit, and/or nuts.
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