Market Trends of Fruits And Vegetables Processing Industry
Adoption of Energy-efficient Food Processing Equipment
As per the US Energy Information Administration, food processing held a share of 4% of global industrial energy consumption, and it is projected to remain the same in 2040. This has led many key players in the food industry to shift toward energy-efficient and multi-functioning food processing equipment that may reduce operational costs and lead to sustainable product development. Companies like Tetra Pak have developed advanced equipment solutions that enable beverage manufacturers to carbonize cost-efficiently. Increasing energy-efficient equipment, increasing the safety of the equipment, and minimizing the cost of maintenance are some of the critical factors that drive the growth of the food processing machinery market. Beverage processing increasingly calls for flexibility in terms of compact design and the ability to switch between products with minimum possible downtimes.
With a widespread inclination towards convenience processed fruits and vegetables are preferred by consumers in the market to compensate for the nutrient intake. Hence, the demand for processed fruits and vegetables is expected to grow resulting in the flourishing of the fruit and vegetable processing market in the coming years.
Growth in North America is Stipulated to Flourish
North America remains the dominant region owing to the increasing import of processed fruits and vegetables and also the growing awareness regarding the benefits of consuming fruits and vegetables, and high consumer spending on convenience foods will steer the product demand across the North American market. Furthermore, consumers demand canned and other processed fruits and vegetables due to their comparatively longer shelf lives than fresh produce. There are numerous companies manufacturing fruits and vegetable processing machinery in the United States, Canada, and other countries. Most of these manufacturers are small and medium enterprises (SMEs), but many large, public companies and iconic American brands trade on a global scale. For example, Excalibur offers dehydrators to dry fruits, vegetables, and leafy greens for healthy snacks, and different types of shelf-stable foods and safe to eat at home. Besides the end-market demand, the high cost of labor in the United States, low labor retention rates, and immigration policies are anticipated to accelerate the need for innovation and equipment automation with improved functionality.
