In the wake of Industry 4.0, several technologies have emerged that are becoming inevitable in modern life. While 3D printing technology is making a mark in several sectors, it is also gaining ground in Fruit and Vegetable Processing Market. Scientists are investing in the development of food technology in order to offer endless possibilities of shape, texture, composition, and taste of several food products in the near future, using various fruits, vegetables, and others. With the feeling of cooking for oneself, 3D food printing will customize the final dish with specific demands without the hard work. Several organizations and research academies believe that this flourishing technology will attract not only retailers and consumers but also food producers, reducing the waste produced from 'traditional' cooking. Hence, the prospects for the fruit and vegetable processing market look interesting and promising in the upcoming years. The global 3D printing market is expected to surpass $32 billion by 2023, creating several opportunities for the fruit and vegetable processing market leaders, who are constantly tracking the trends to give a next level food experience to the consumers.The report covers Fruit and Vegetable Processing Market size by operation type and product type, Fruit and Vegetable Processing Market share by top 5 companies and also the market share by start-ups during the forecast period.
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As of 2018, the global fruit and vegetable processing market size were evaluated at $253.97 billion, which is estimated to escalate at a CAGR of 6.8% during the forecast period 2019-2025.
Apart from 3D printing technology, several other innovations are directly building the future of the fruit and vegetable processing market. High-pressure processing (HPP) is the latest breakthrough that the food processors are looking forward to, as it extends the shelf life of a food product by several times than the conventional norm. Reports suggest that almost 1.9 million tons of food are wasted by the food industry every year in the UK, which can be well tackled by this discovery.Moreover, companies like Mimica, SCiO are launching upgraded packaging techniques involving micro-spectrometer and smart labels to enlighten consumers with the accurate freshness of processed food. Also, several preservatives used during fruit and vegetable processing include micro-organisms that are harmful to health. This innovation nullifies those, guaranteeing food freshness and safety. The other benefit of HPP is that this does not involve any chemical preservatives or irradiation during the preservation. Besides, the worldwide organic food and beverage market is poised to grow at a CAGR of 11.9% in the next five years. Hence, this revolutionary reform, combined with the organic food and beverage industry, is set to create an increase in the fruit and vegetable processing market demand in the upcoming years.
Fruit and Vegetable Processing Market Analysis: Key Application
Fruits occupy the most significant utilization in the fruit and vegetable processing market. The growing concern for obesity, which affected more than 1.9 billion adults across the world in 2016, is contributing to the increased usage of fruits as natural sweeteners in the processing. The miracle is one of those companies who are tackling obesity problems in the US by acquiring sweetness through fruit processing of exotic fruits and natural proteins by fermentation technology. Moreover, during Fruit Logistica 2019, Cormac demonstrated the semi-automatic slice and wedge cutter F-2000 and the FS-3600/Multicut that gives high quality of peeled and wedged fruits, benefiting the fruits and vegetable processors. With a growing health and wellness concerned population, there is a demand influx in the organic fruits and vegetable market, which collected revenue avenue of around $32 billion in 2018 and is expected to witness an increment at profitable CAGR of 14% during the forecast period 2019-2025. A part of this industry is attributable to the heightening application of fruits in vegetable and fruit processing market. The usage of fruit in the fruit and vegetable processing market is expected to witness growth at a CAGR of 8.3% throughout 2025.
APAC Fruit and Vegetable Processing Market Overview:
In 2018, APAC garnered the largest fruit and vegetable processing market share with 32.14% of the global market. The discovery of innovative technologies such as blockchain, vertical farming, and others across the countries of the region are enhancing the APAC fruit and vegetable processing market growth. Here are the drivers that are contributing to the expansion of the marketplace –
Aris' AQS System to Drive the Fruit and Vegetable Processing Market of the Region –
The company based in the Netherlands have invented an AQS system for grading multifarious plants such as orchids, seedlings, and pot-plants at an impressive rate per hour. This level of automation can completely replace humans giving a greater level of accuracy and can operate without any breaks and escalate the rate of vegetable processing. This advanced technology will attract several market leaders, thereby contributing to the expansion of the APAC fruit and vegetable processing market.
APAC Fruit and Vegetable Processing Market to Gain Ground with the Adoption of Blockchain Technology by Unilever and Nestle -
The global blockchain market is projected to grow at an outstanding CAGR of 79.6% during the forecast period 2018-2023. Food processing chains are largely implementing this revolutionary technology that gives improved transparent traceability of the agri-food supply chain. Unilever, along with Edit and Beringea is set to use IBM Blockchain Platform to help its advertisers and consumers with refined data. Also, in July 2019, Nestle has announced to have a pilot open blockchain technology along with Open SC that will trace various productions from farms and producers in New Zealand to several factories and warehouses of the company in the Middle East. The growing demand for clarity and transparency will be met through the adoption of this technology, which will, in return, support the growth of the fruit and vegetable processing market in APAC.
Japan's Increasing Hydroponic Agriculture System to Boost the APAC Fruit and Vegetable Processing Market –
The burgeoning population and depleting farmland are spreading the application of hydroponic agriculture or vertical farming across the world. Natural disasters in 2011, resulted in a nuclear disaster in Japan. Since then, this method of cultivation is extensively embraced across the country. Japan had around 210 vertical farming projects in 2016, which is anticipated to increase in the upcoming years. This will stimulate the APAC fruit and vegetable processing market expansion, as these farms can produce a larger quantity in an environment-friendly manner.
India's Flourishing Food Processing Industry and Growing Virtual Restaurants to Create an Impact on the APAC Fruit and Vegetable Processing Marketplace –
The food processing industry of India accounts for 32% of the country's total food market. Moreover, the country received $7.54 billion worth of Foreign Direct Investment (FDI) until 2017, which has the potential to escalate to $33 billion of investment over the next 10 years. Also, several supply chains such as Amazon, Parle Agro Pvt Ltd, and others are planning to invest in the country's food processing industry. Besides, the Government of India has formed initiatives to attract foreign investment firms to spend in the food processing sector. Furthermore, the virtual restaurants of the country implementing the usage of canned vegetables, frozen vegetables, and others witnessed an amazing growth rate of over 50% between November 2017 and January 2018, with a hike of 90% online payment procedures. These all are contributing to the growth prospects of the fruit and vegetable processing market players in the upcoming years.
Fruit and Vegetable Processing Market Trends & Growth Drivers:
The diet-conscious era is pushing towards several discoveries using fruits and vegetables in the food processing industry to fulfill the growing demands. Chemical-free, unaltered, and natural food is adding up to the heightening fruit and vegetable market across the worldwide. Here are the several trends and drivers contributing to its growth –
Egg and Seafood Processed from Plants to Create New Scope for the Fruit and Vegetable Processing Market –
With the growing clean meat initiative, several companies are trying to process meat from the cells instead of confined animals. JUST, Inc. has come up with a technology to manufacture powder and bottled egg-like tasting products from plants. Also, Ocean Hugger Foods is on a mission to manufacture seafood proteins by the processing of several plant-based alternatives. These innovative techniques will create novel opportunities for the fruit and vegetable processing market leaders in the upcoming years.
Personalized Nutrition to Create an Upsurge of the Fruit and Vegetable Processing Market –
Several chronic diseases are tailoring the concept of personalized nutrition that involves specific fruit and vegetable processed food, according to the person's genetic makeup. The medical nutrition market is growing at a CAGR of 8% during the forecast period 2018-2023. A part of this data is attributable to personalized nutrition, which is thriving the fruit and vegetable processing market.
Moley Robotics' Latest Invention to Attract Investors to the Fruit and Vegetables Processing Market –
Processed food involving various fruits and vegetables are used in cooking. While celebrity chefs and spurring dine-out places attracting customers, Moley Robotics has come up with Robochef that has the same level of dexterity as that of a human. In the long run, the company plans on making a self-contained kitchen that can be operated by a smart device app. This innovation involving automation, which reduces human energy, will attract several customers, thereby, increasing the fruit and vegetable processing market demand.
Fruit and Vegetable Processing Market: Competitive Landscape
The principal business leaders who are currently holding maximum fruit and vegetable processing market shares in the world and are focusing on the expansion of their manufacturing capacity to gain an edge over other market players are Robert Bosch GmbH, Bühler Group, GEA Group AG, JBT Corporation, Krones AG, Conagra Brands, Inc., Dole Food Company, Inc., The Kroger Co.,, Olam International, The Kraft Heinz Company, Albertsons Companies LLC, Greencore Group plc, Nestlé S.A., and others.
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16-sep-19 India being the second-largest producer of fruits and vegetables, facilitates the fruit and vegetable processing industry in acquiring its primary resources.
Canning, dehydration, pickling, provisional preservation, and bottling are some of the methods used in fruit and vegetable processing which help increase the shelf life of seasonal fruits and vegetables.Market insights:The fruit and vegetable processing industry in India is likely to expand at a compound annual growth rate (CAGR) of ~7.62% between FY 2018 and FY 2023 to reach a value of INR 256.4 Bn in FY 2023.
Currently, commercial processing of fruits and vegetables is extremely low in India, at around 2.2% of the total production as compared to countries like Philippines at 78%, China at 23% and the United States (U.S.) at 65%.
The unorganized sector witnesses a stiff competition, owing to the presence of a large number of players competing for small shares in the overall market.
Organized players compete with each other to maintain their market share and gain brand loyalty.Serve your search need here @ https://www.radiantinsights.com/research/fruit-and-vegetable-processing-market-in-india-2018-2023/request-sampleExport opportunities:As India is the second-largest producer of fruits and vegetables globally, its vast production base offers massive opportunities for exports.
Moreover, India also has a geographical advantage being close to the key export destinations such as Africa, the Middle East, Oceania and the Southeast Asia.
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