Processed Fruits & Vegetables Market Analysis

Processed Fruits & Vegetables Market Analysis

In terms of type, the processed fruits & vegetables market is categorized into fruits and vegetables. The fruits segment was valued at over USD 120 billion in 2022 and is slated to grow substantially through 2032. The segment growth is attributed to numerous benefits of super fruits such as improved immunity, and prevention of heart attacks & strokes among others. The shifting lifestyles of people and increasing per capita income are also anticipated to push the sales of processed fruit products.
 

With respect to product, the processed fruits & vegetables market is divided into fresh, canned, fresh-cut, frozen, and drying & dehydration. The fresh processed fruits & vegetables segment amassed more than USD 90 billion in 2022. These products are easily prepared and consumed directly. Factors such as the absence of harmful contaminants, the use of environmentally friendly preservation methods, and the freshness of the products are elevating the demand for fresh fruits & vegetables.
 

Based on processing equipment, the processed fruits & vegetables market is classified into pre-processing, seasoning, washing, processing, filling, and packaging. The pre-processing equipment segment registered over USD 65 billion in 2022. Pre-processing equipment enables rapid cooling of fresh produce after the harvest and restricts deterioration, thereby enhancing its overall quality. Driven by these factors, the equipment helps manufacturers to process fresh quality products, thereby bolstering segment expansion.
 

Asia Pacific processed fruits & vegetables market is foreseen to witness over 6% CAGR from 2023 to 2032. The significant demand for dried fruits due to increasing per capita income of individuals in the region & upsurge in imported products are pushing APAC market growth. In addition, the massive geriatric population particularly in Japan, economic growth, busy lifestyles, and urbanization are proliferating regional market statistics.