Leading Companies Fortify Their Presence in the Fruit and Vegetable Processing Market

The fruit and vegetable processing sector is on track for notable expansion in the coming years, driven by evolving consumer preferences and technological advancements. With increasing demand for healthier, convenient, and transparent food options, this industry is poised to reach impressive new heights. Let's explore the market's projected growth, key players, emerging trends, and the segmentation shaping its future.

Projected Market Size and Growth Trajectory for the Fruit and Vegetable Processing Industry
The fruit and vegetable processing market is anticipated to witness significant growth, reaching $353.05 billion by 2029. This expansion corresponds to a compound annual growth rate (CAGR) of 8.4% over the forecast period. Factors fueling this growth include the rising popularity of plant-based diets, stronger consumer demand for clean labels and transparency, increased customization and personalization of products, as well as accelerating urbanization, globalization, and trade. Key trends likely to influence this market involve enhanced food safety measures, improved transparency and traceability, a growing appetite for global and exotic flavors, personalized food options, and the development of functional and fortified foods.

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Leading Companies Influencing the Fruit and Vegetable Processing Market
Several prominent companies play a vital role in shaping the fruit and vegetable processing landscape. These include Del Monte Foods, Bühler Holding AG, Alfa Laval AB, JBT Corporation, Syntegon Technology GmbH, Krones AG, Bigtem, FENCO Food Machinery SRL, Dole PLC., Heat and Control Inc., Conagra Foods, The Agrana Group, Sysco Corporation, B&G Foods Inc., Nestlé S.A., Albertsons Companies Inc., Olam International, SVZ International, Archer Daniels Midland Company, Kraft Heinz Company, GEA Group, Robert Bosch GmbH, Tetra Laval International S.A., SPX Flow Inc., KHS GmbH, HRS Process Systems Ltd., Turatti Srl, Sormac B.V., Vanmark Corporation, Key Technology Inc., and TOMRA Systems ASA.

Strategic Acquisition Enhances Capabilities in Fruit and Vegetable Processing
In September 2024, Tweet/Garot Mechanical Inc., a US-based company specializing in the design, engineering, fabrication, and installation of HVAC and plumbing systems, acquired G.J. Olney Inc. Although the financial details were not disclosed, this transaction strengthens Tweet/Garot's footprint in the food and beverage industry by integrating G.J. Olney's innovative product line into its portfolio. G.J. Olney Inc., known for providing advanced machinery and services focused on fruit and vegetable processing, aims to improve food production efficiency. This acquisition reflects Tweet/Garot's dedication to innovation and growth within this sector.

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Rising Adoption of Energy-Efficient Technologies in Fruit and Vegetable Processing
A prominent market trend is the increasing use of energy-efficient food processing equipment. Leading companies are investing in technologies designed to reduce energy consumption without compromising productivity. For example, in March 2022, OctoFrost, a Swedish supplier of food processing machinery, introduced the Multi-Level Impingement Freezer. This freezer employs high-speed airstreams from both the top and bottom to freeze thin food products quickly and efficiently. Its design, featuring multiple belt layers and a compact footprint, enables manufacturers to more than double their factory production capacity compared to conventional belt freezers.

Fruit and Vegetable Processing Market Segmentation and Forecast
This market report segments the fruit and vegetable processing industry into various categories as follows:

By Product Type:
- Fresh
- Fresh-Cut
- Canned
- Frozen
- Dried and Dehydrated
- Convenience

By Operation Type:
- Automatic
- Semi-Automatic

By Material:
- Fruits
- Vegetables

By Processing Systems:
- Large-Scale Processing
- Intermediate-Scale Processing
- Small-Scale Processing

By Equipment Type:
- Pre-Processing
- Peeling, Inspection, or Slicing
- Washing and Dewatering
- Fillers
- Packaging and Handling
- Seasoning Systems
- Other Equipment

Further breakdown of subsegments includes:

By Fresh: Whole Fresh Fruits, Whole Fresh Vegetables
By Fresh-Cut: Fresh-Cut Fruits, Fresh-Cut Vegetables
By Canned: Canned Fruits, Canned Vegetables
By Frozen: Frozen Fruits, Frozen Vegetables
By Dried and Dehydrated: Dried Fruits, Dehydrated Vegetables
By Convenience: Ready-To-Eat Fruits, Ready-To-Eat Vegetables, Pre-Packaged Snacks

This detailed segmentation provides a comprehensive view of the market's composition, highlighting the diverse product offerings and processing methods that cater to varying consumer and industrial needs worldwide.

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This release was published on openPR.