Technavio, a tech-focused market research firm, has published a new report on the global fruit and vegetable processing equipment market, which is expected to grow at a CAGR of close to 5% during the forecast period, 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global fruit and vegetable processing equipment market into the following key regions: APAC, Europe, North America, and ROW.
Source: Technavio
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Top three contributors for the global fruit and vegetable processing equipment market are elaborated below:
Fruit and vegetable processing equipment market in APAC: APAC is anticipated to be the fastest-growing segment of the global fruit and vegetable processing equipment market. China is the major revenue contributor and is the largest market for fruit and vegetable processing equipment within APAC. One of the major drivers for the growth of the market in this region is the increased demand for processed foods in developing nations such as China and India.
According to Anju Ajaykumar, a lead analyst at Technavio, specializing in research on engineering tools, “The ongoing shift in dietary habits in countries like China and Japan towards healthy foods, such as vegetable and fruit juices, will prompt manufacturers to expand their operations and invest in additional manufacturing capacity in these countries.”
Fruit and vegetable processing equipment market in North America: The fruit and vegetable processing equipment market in North America is anticipated to experience moderate growth during the forecast period. The growth of the market in this region is attributable to the high production of food processing machinery in the US.
Fruit and vegetable processing equipment market in Europe: The demand for fruit and vegetable processing machinery in Europe is driven by the rising consumption of frozen fruits and vegetables in the region. The trend, spurred by increasing awareness about the higher nutrient content in frozen fruits and vegetables, is anticipated to continue through the forecast period and lead to the growth of the market.
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The top vendors operating in the global fruit and vegetable processing equipment market are:
- Bühler
- FENCO Food Machinery
- JBT Corporation
- Meyer Industries
- Turatti Group
Other prominent vendors in the market include Petruzalek, KRONEN, TMCI PADOVAN, NAVATTA GROUP Food Processing, Unitec Industries, Bertuzzi Food Processing, Terlet, Bajaj ProcessPack, and GEA Group.
A more detailed analysis is available in the Technavio report titled, ‘Global Fruit and Vegetable Processing Equipment Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other 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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