The latest market research report by Technavio on the global fruit processing equipment marketpredicts a CAGR of close to 6% during the period 2018-2022.
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Technavio has published a new market research report on the global fruit processing equipment market from 2018-2022. (Graphic: Business Wire)
The report segments the global fruit processing equipment market by application, including fruit juice, fruit powder, and fruit squash; jam and jellies; frozen and dried fruit; and canned fruit and by geography, including the Americas, EMEA, and APAC. It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Here are some key findings of the global fruit processing equipment market, according to Technavio food and beverage researchers:
- Growing opportunities for expansion of fruit processing sector: a major market driver
- Growing availability of advanced food processing equipment: emerging market trend
- The Americas dominated the global fruit processing equipment market with 40% share in 2017
- In 2017, fruit juice, fruit powder, and fruit squash held the highest market share of nearly 34%
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Growing opportunities for expansion of fruit processing sector: a major market driver
Many agriculture-based, developing countries may also contribute to the growth of the global fruit processing equipment market during the forecast period. Such niche economies provide the opportunities for growth owing to certain domestic factors. Ethiopia has a favorable climate for horticulture products such as pineapples, passion fruits, bananas, avocados, citrus fruits, mangoes, mandarins, papayas, guavas, and grapes. It also exports fresh fruits to the EU and the Middle East. The demand for fruit juice is high in the country. The government also helps by providing various incentives for investing in the fruit processing sector. Therefore, there are ample opportunities for the expansion of the fruit processing industry in the country.
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Growing availability of advanced food processing equipment: emerging market trend
Several technologies have been implemented in fruit processing equipment to increase the quality of the processed fruit products through R&D. HPP is used to pasteurize fresh fruits using high pressure, which is created using water. This method aids in preserving the nutrients in the fruits. This resulted in the processed fruits being in uniform shape, which can be used for instant transmission. The technique that is used to measure the freshness of the fruits is coated fabric. It is used in the processing of oranges for tracking the evolution of chemical changes occurring in oranges due to a long period of storage at 41° F.
According to a senior analyst at Technavio for research on food service, "Pulsed electric fields is a non-thermal method of food preservation. It implements short pulses of electricity to maintain microbial hygiene. This technique has a much less harmful effect on food quality attributes."
Global market opportunities
In terms of regional dominance, the Americas led the global fruit processing equipment market, followed by EMEA and APAC in 2017. In the Americas, the market is majorly influenced by the expansion of the fruit processing industry, the growing population, and the increasing number and varieties of marketing strategies implemented by the players in the market. The increasing demand for canned fruits due to their ease of use, increased shelf life, and concentrated flavor will also drive the demand for canned fruit processing equipment.
In EMEA, the rising demand for convenience foods such as canned fruits, frozen fruits, and dried fruits will contribute towards market growth. One of the most produced and processed fruits in this region are apples. Similarly, other fruits such as grapes, pears, peaches, and berries are processed on a large scale.
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