Fruit And Vegetable Processing Equipment Market to grow at a CAGR of 6.8% during 2024-2028
The Fruit And Vegetable Processing Equipment Market is expected to grow at a CAGR of 6.8% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2753.2 million. The global fruit and vegetable processing market has experienced notable technological progression, revolutionizing the production process and enhancing the final product's quality. A significant advancement in this sector is the implementation of automated sorting and grading systems. Utilizing sophisticated sensors and computer vision technology, these systems accurately sort and grade fruits and vegetables based on size, color, shape, and defects. This innovation eradicates the requirement for manual sorting, leading to reduced labor costs and improved product consistency. For instance, Tomra Systems' optical sorting technology effectively distinguishes fruits and vegetables based on various criteria, ensuring only superior produce enters the market.
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Technavio analysts predict that the Pre-processing equipment subsegment will lead the Type segment during 2024 and 2028 In the realm of fruit and vegetable processing, pre-processing is a crucial stage that sets the foundation for the subsequent processing phases. This initial step encompasses activities such as sorting, grading, washing, and removing unwanted parts like stems or leaves. Pre-processing equipment plays a pivotal role in preparing fruits and vegetables for the main processing line by ensuring their uniformity, cleanliness, and optimal quality. Sorting is an indispensable task within pre-processing, as it facilitates the separation of produce based on specific criteria, such as size, shape, color, or other desirable attributes. By sorting fruits and vegetables homogeneously, the processing line maintains consistent product quality throughout the entire production process.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish growing demand for processed fruits and vegetables
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The Fruit and Vegetable Processing Equipment Market is witnessing significant growth due to the increasing vegetarian population and the rising demand for healthier food options. This market includes various types of equipment such as pre-processing, processing, handling, and packaging equipment. Pre-processing equipment like washing, peeling, and cutting machines are used to prepare fruits and vegetables for further processing. Processing equipment like canning, freezing, and dewatering machines are used to preserve the freshness and extend the shelf life of these foods. Handling equipment like conveyors and sorting machines are used to move and sort the produce during processing. Packaging equipment like fillers, sealers, and labelers are used to package the final products. The market for fruit and vegetable processing equipment is driven by the demand for exotic fruits, fresh-cut vegetables, frozen fruits, ready-to-drink beverages, and packaged food. Health awareness and changing eating habits in the fastest growing economies are also contributing to the growth of this market. The industry chain includes food processing enterprises, trade, and various processing techniques like seasoning, filling, and washing. Higher value-added foods like ready-meals and convenience foods are also driving the demand for advanced processing equipment.
The Fruit and Vegetable Processing Equipment Market is a significant segment of the larger global Electrical Components and Equipment Market. This market encompasses businesses involved in the production of electrical cables and wires, electrical components, and electrical equipment. According to Technavio's market analysis, the Electrical Components and Equipment Market size is determined by the consolidated revenue generated by manufacturers of various sub-segments, including water heaters and accessories, motors, motor control, encoder and amplifier, automation solutions, electrical distribution and protection equipment, small generators, wire and cable accessories, power supplies and conditioners, sensors, meters and indicators, recorders and loggers, process safety systems, instrumentation, test and measurement equipment, switches, transmitters and receivers, HVAC, and safety components. Furthermore, the market size includes revenue from the rental and leasing of electrical components and equipment to industrial, commercial, and residential sectors.
The Fruit And Vegetable Processing Equipment Market is experiencing significant growth, fueled by the growing demand for processed fruits and vegetables. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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