Global market for processing fruit & vegetabl to grow by 40% by 2022
All countries
Thursday 12 April 2018
FJ
The global market for fruit & vegetable processing is expected to reach $ 346.05 billion by 2022.
According to a recent study, the global market for processed fruit & vegetable, estimated at 245.97 billion USD in 2017, is expected to reach 346.05 billion USD by 2022, an increase of 40.6%.
The global market for processed fruit & vegetable includes the global market for processing equipment and the processed fruit and vegetable market. This market will show significant growth as the number of distribution channels increases and the average population and disposable income increase in developing countries.
Increasing investments in automation development of processing technology as well as freezing and packaging technology are the main factors contributing to the demand for processed fruit & vegetable equipment worldwide.
The Asia-Pacific region is expected to be the fastest growing market for processed Fruits & Vegetables and processing equipment. Countries such as India and China are expected to be the main markets. The other most dynamic region will be South America.
source : whatech.com