Global Fruit Processing Equipment Market Poised for a Robust 6.2% CAGR, Targeting US$ 6,934.7 Million by 2033 | FMI

North America dominates the global fruit processing equipment market, driven by population growth, higher incomes, and increased processed food consumption.

NEWARK, DELAWARE, UNITED STATES OF AMERICA, December 6, 2023 /EINPresswire.com/ -- According to Future Market Insights, the global fruit processing equipment market size is anticipated to grow from US$ 3,800 Million in 2023 to US$ 6,934.7 Million by 2033, with overall sales accelerating at 6.2% CAGR throughout the forecast period (2023 to 2033).

Rising consumption of processed fruit products across the world, growing need for extending the shelf life of fruits, and increasing penetration of automation across fruit industry are some of the key factors driving demand for fruit processing equipment in the market.

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Similarly, growing focus on improving productivity and reducing overall costs across fruit processing industries is expected to boost the fruit processing equipment market. Adoption of automation in fruit processing industry has significantly cut down various costs which used to occur while processing fruits.

Furthermore, rise in the export of fruit-based products and relaxations in the export of Fruit Processing Equipment will aid in the expansion of fruit processing equipment market during the next ten years.

Key Takeaways from the Fruit Processing Equipment Market Study:

Based on equipment type, the pre-processing segment holds the largest market share of the global fruit processing equipment market while the packaging and handling segment is likely to grow at a higher pace during the forecast period.

North America and Europe together hold the largest share of the global fruit processing equipment market and the trend is likely to continue during the forecast period.

The U.S. holds around 72% of the North America fruit processing equipment market.

The U.K. fruit processing equipment market size is currently valued at around US$ 332.1 Million.

Demand for fruit processing equipment across China is expected to grow at a robust pace during the next ten years.

“Rapid expansion of fruit processing industry due to changing lifestyles, growing demand for processed foods, and increasing disposable income will play a crucial role in propelling the sales of fruit processing equipment during the next ten years,” - Nandini Roy Choudhury, Client Partner at Future Market Insights.

Who is Winning?

Top players operating in the global Fruit Processing Equipment market include Marel HF, Key Technology Inc., John Bean Technologies Corporation, CTB Inc., and Baader Food Processing Machinery Inc. These companies are continuously upgrading their product portfolios by launching new and advanced fruit processing equipment.

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Fruit Processing Equipment Market by Category

By Product Type:

Fresh
Fresh cut
Canned
Frozen
Dried & dehydrated
Convenience

By Equipment Type:

Pre-processing
Peeling/Inspection/Slicing
Washing & Dewatering
Fillers
Packaging & Handling
Seasoning Systems

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa (MEA)

Authored by:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Ankush Nikam
Future Market Insights, Inc.
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