In 2021, the size of the fruit and vegetable processing equipment market was around $6 billion and will propel at a rate of about 7% in the years to come and reach over 10 billion in 2030. The industry is increasing with the snowballing global population, and altering dietary habits because of the increasing purchasing power of individuals toward higher-value items. Consequently, the requirement for food processing, storing, packing, and preparation apparatus has increased.
The requirement for pre-processing equipment was the largest in 2021 and will grow at a rate of around 7%. This is since after being accumulated from farms, fruits and vegetables are disposed to have dirt, dust, bacteria, and other materials, making them dangerous for direct consumption. For making them useable, pre-processing involvement is r needed for maintaining hygiene.
The packaging and handling equipment will have the fastest growth in the near future. This is credited to the increasing requirement for packaging and handling equipment to surge the product’s shelf-life. Furthermore, most players focus on good packaging, helping in boosting their productivity. Also, packaging averts the products from getting polluted, and it is easy to identify a product of a precise brand.
As per the World Bank, in the next decade, two-thirds of the global population will live in urban areas. Because of fast urbanization and hectic routines, young and working, professionals are trying to continue with their busy schedules, and therefore prefer processed products and frozen foods, as these have less preparation time. This trend will push the sales of convenience food products.
Most industries move toward automation. Likewise, fruit and vegetable processing corporations are including automatic machinery in processing plants, which helps in improving productivity and efficiency of operations. Yet, fully automatic processing equipment help in effective processing, production processes, effective time management, sinking labor costs, and controlled operations in fruits and vegetable processing equipment. Therefore, most equipment producers provide fully automatic solutions for pre-processing, processing, and packing of food substances.
APAC fruit and vegetable processing equipment market is witnessing the highest growth, because of factors such as rising population, snowballing FDI, surging disposable income, and changing food preferences. Also, the increasing consumption of processed food is attracting new ventures to participate in the business of food equipment. For example, by 2035, the demand for processed food will increase by 60% in the region. To accomplish the increasing demand, industry stalwarts are exponentially expanding, which is increasing the demand for novel equipment.
The U.S. is a mainstay of the market in North America, having the third position across the globe in the consumption of processed and packaged food. Correspondingly, the safety measures espoused by agencies FDA helped the nation to bid more trust to the individuals.
The increasing population and also the changing dietary habits with increased spending power have a lot to do with the increasing demand for fruit and vegetable processing equipment all over the world.
