In 2021, the fruit and vegetable processing equipment market contribute $5.6 billion, and it is projected to generate $10.2 billion, advancing at a rate of 6.9%. It is attributed to the growing population, and rising dietary habits led by the increasing purchase power for higher-value products. Therefore, it contributes to the rising demand for food processing, packaging, storage, and preparation equipment.
The pre-processing equipment captures a significant share of the fruit and vegetable processing equipment industry, accounting for 20%. The fruits and vegetables are more prone to contain dust, soil, bacteria, and foreign materials, thus it makes them unsafe for direct consumption. The pre-processing intervention is required for maintaining hygiene to ensure their healthy consumption.
The pre-processing equipment performs the entire cleaning in significantly less time without impacting the hygiene and quality of products. Moreover, pre-processing equipment cleans off pesticides and other substances on crops, used by farmers. In addition, new equipment is being launched in the market with automation to significantly reduce output cost and time.
Moreover, the packaging and handling equipment is predicted to experience extensive growth in the coming future in the industry. It is led by the growing demand for packaging and handling equipment to improve the duration of a product’s shelf life. In addition, companies are increasingly focusing on good packaging to increase the sales of the products. Packaging saves the products from contamination; it becomes easy to identify the product of a specific brand.
According to World Bank, two-thirds of the global population would reside in urban areas by the next decade. Thus, it will lead to rapid urbanization, hectic lifestyles, and the growing effort of the younger generation to manage their busy schedules. Hence, they prefer ready-to-eat products and frozen foods. It will result in increased sales of convenience food products.
Browse detailed report – Fruit and Vegetable Processing Equipment Market Analysis and Demand Forecast Report
APAC-based fruit and vegetable processing equipment industry is experiencing significant growth, led by the rising population, increasing FDI, and changes in food preferences. The rising consumption of ready-to-eat food is luring companies to invest in food equipment.
Therefore, the rising population, rapid urbanization, and growing preferences for ready-to-eat food create opportunities for companies operating in the industry to expand their business.
