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A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Global Fruit and Vegetable Processing Equipment Market was worth USD 3.14 billion in the year 2021. The market is projected to grow at a CAGR of 8.9%, earning revenues of around USD 5.24 billion by the end of 2028.
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Fruit and Vegetable Processing Equipment Market, Global Industry Size, Share, Trend Analysis and Forecast Report, 2022-2028
Global Fruit and Vegetable Processing Equipment Market - Industry Trends & Forecast Report 2028 A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Global Fruit and Vegetable Processing Equipment Market was worth USD 3.14 billion in the year 2021. The market is projected to grow at a CAGR of 8.9%, earning revenues of around USD 5.24 billion by the end of 2028. Globalization, which has expanded trade and led some food and beverage sectors to begin ambitious R&D operations, is mostly to blame for the market's quick expansion. Advanced food ingredient and food processing technologies include membrane technology, super-critical fluid technology, and molecular processes like Polymerase Chain Reaction (PCR) and High-Pressure Processing (HPP).
Growth Drivers Using Energy-efficient Food Processing Machinery The food industry's major players are transitioning to energy-efficient and multi-functional food processing equipment, which may reduce operational costs and lead to long-term product development. Tetra Pak, for example, has developed sophisticated equipment solutions that enable beverage makers to carbonize at a cheap cost. Furthermore, food production accounts for a major share of global industrial energy consumption. Developing energy-efficient equipment, increasing equipment safety, and lowering maintenance costs are all critical components for the growth of the food processing equipment industry.
Restraints Disadvantages of Plastic Canned Processed Foods and Vegetables Processed Plastic food storage containers are lightweight, affordable, and widely available. Food containers, while their benefits in terms of storing supper leftovers and other food goods, can represent several dangers. These hazards and risks vary from human health issues to environmental damage. Some plastic food containers were not made to withstand cooking in a microwave oven. Furthermore, in high temperatures, such containers might melt or deform. Furthermore, putting a non-microwave-safe plastic container in a microwave might cause harmful chemicals to leach into the food. All these factors hinder the growth of the Global Fruit and Vegetable Processing Equipment Market.
Impact of COVID-19 Food security, food safety, and food conservation were all significantly impacted by the Covid-19 pandemic. Due to a greater focus on safety and quality, consumer attitudes around eating have radically changed. To keep their products' market worth, manufacturers are now required to assess the safety requirements of their products. As a result of the Covid-19 pandemic, a sizable section of the world's population has changed their eating patterns. Due to the reduced availability of conventional supermarket formats and outlets, many individuals are eating fewer fresh fruits and vegetables. As a replacement for these products, more processed goods have evolved, including convenience foods and processed foods.
By Region Geographically, the Global Fruit and Vegetable Processing Equipment Market are segmented into North America, Europe, The Asia Pacific, Latin America, The Middle East, and Africa. Among these, the Asia Pacific region accounted for the largest revenue share in the market for processing fruits and vegetables. Due to the region's increased productivity and lower cost of fruits and vegetables, this segment is expanding at an increasing rate. The market for fruits and vegetables is being significantly impacted by the rising demand for nutrient-dense food, and this is likely to present more investment opportunities in this area, which specializes in several agricultural items. Increased purchasing power and lower prices for freezers like IQFs are likely to encourage the ongoing expansion.
Competitive Landscape The leading market players in the Global Fruit and Vegetable Processing Equipment Market are Robert Bosch GmbH, Buhler Group, FTNON, GEA Group AG, JBT Corporation, Krones AG, and Maxwell Chase Technologies, Meyer Industries, Scholle Packaging, Turatti SRL, and other prominent players. Sample Copy of the Report: https://www.blueweaveconsulting.com/report/fruit-and-vegetable-processing-equipment-market/report-sample
Key Players Robert Bosch GmbH, Buhler Group, FTNON, GEA Group AG, JBT Corporation, Krones AG, Maxwell Chase Technologies, Meyer Industries, Scholle Packaging, Turatti SRL, and other prominent players
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