Global Fruit and Vegetable Processing Equipment Market Driven by Increase in Demand for Frozen Foods: Technavio
February 17 2017 - 11:43AM
Business Wire
The global fruit and vegetable processing equipment
market size is projected to reach USD 3,320 million by 2021,
growing at a CAGR of close to 5% over the forecast period,
according to Technavio’s latest report.
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Technavio has published a new report on
the global fruit and vegetable processing equipment market from
2017-2021. (Graphic: Business Wire)
In this report, Technavio covers the market outlook and
growth prospects of the global fruit and vegetable processing
equipment market for 2017-2021. The research report provides
actionable intelligence alongside the market size of various
segments and details of the major factors influencing the
market.
The global demand for frozen fruits and vegetables is
rapidly growing, as consumers expect seasonal products to be
available throughout the year. Also, fruits and vegetables that are
cut and frozen are in high demand from consumers who prefer to
spend a lesser amount of time cooking. These needs are driving the
demand for fruit and vegetable processing equipment, thereby
driving market growth.
Technavio’s research study segments the global fruit and
vegetable processing equipment market into the following
regions:
- APAC
- North America
- Europe
- ROW
APAC: largest fruit and vegetable processing equipment
market
“APAC is the largest and fastest growing regional segment of
the fruit and vegetable processing equipment market, driven by
fast-growing economies such as India, China, and Indonesia,”
says Anju Ajaykumar, one of the lead analysts at Technavio for
engineering tools research.
China is the largest contributor to the market from APAC, due to
a shift in dietary habits and preference towards value-added foods.
Also, there is an overall increase in disposable incomes in APAC,
which is increasing the demand for processed and frozen foods.
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multiple sections of the report including the market size and
forecast, drivers, challenges, trends, and more.
North America: home to largest manufacturer of food
processing machinery
The fruit and vegetable processing equipment market in North
America is expected to grow moderately during the forecast period.
The market growth will be driven by the US, which is the largest
global manufacturer of food processing machinery. The country
exports machinery to other regions, supported by duty-free or
preferential duty rates, increased competition from low-cost
products, and increased investments in the overseas market. These
factors aid in bringing in a high amount of revenue to the North
American market, thereby driving its growth.
Europe: rising consumption of processed vegetables driving
market segment
“Europe is driven by stringent food safety rules and
regulations regarding residue level limit and stability of raw
material supply. Also, consumers in Europe are increasing their
consumption of processed vegetables, thus driving the demand for
processed vegetables,” says Anju.
The increase in production of raw materials from APAC countries
is leading to increased imports and a stable supply of fruits and
vegetables to EMEA. Germany is the largest importer of processed
fruits and vegetables in Europe, followed by the UK, France,
Belgium, and the Netherlands.
The top vendors in the global fruit and vegetable processing
equipment market highlighted in the report are:
- Bühler
- FENCO Food Machinery
- JBT Corporation
- Meyer Industries
- Turatti Group
Browse Related Reports:
- Food Processing Machinery Market in
the US 2016-2020
- Global Canned Food Market
2016-2020
- Organic Food and Beverages Market in
Europe 2016-2020
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About Technavio
Technavio is a leading global technology research and
advisory company. The company develops over 2000 pieces of research
every year, covering more than 500 technologies across 80
countries. Technavio has about 300 analysts globally who specialize
in customized consulting and business research assignments across
the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of
bottom-up and top-down approaches, besides using in-house market
modeling tools and proprietary databases. They corroborate this
data with the data obtained from various market participants and
stakeholders across the value chain, including vendors, service
providers, distributors, resellers, and end-users.
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Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
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