Fruits and Vegetables Processing Market
Fruits and vegetables are one of the most consumable commodities globally and also serves as an important ingredient in human dietaries. There are a lot of different varieties of fruit and vegetable and the prices keep fluctuating of the products. The production of fruit and vegetables needs to be handled, processed, or utilized properly. The costs involved in preventing the losses are always cheaper than the cost of production, therefore processing receives higher attention in recent years. The fruits and vegetables processing industry was earlier highly unorganized but due to the increasing demand for processed food, the industry has started attracting investors. India facilitates the fruits and vegetables processing industry in obtaining its primary resources; India is the second-largest producer of fruits and vegetables. The global fruit and vegetable processing market includes the global fruit & vegetable processing equipment market and processed fruits & vegetables market. There are different methods included in fruits and vegetable processing that helps in increasing the life of seasonal fruits and vegetables are canning, dehydration, freezing, pickling, etc.
Processes for the Preservation of Fruits and Vegetables:-
Freezing – It is a low-temperature preservation process in which the products are frozen at -38 degrees Celsius and stored -18 degrees Celsius. Frozen products are very close to fresh products and are of better quality. Freezing doesn’t need much food preparation before storage and can also be done under optimum conditions it provides the best nutrition, flavor, and texture retention. Dehydration – Dehydration contains the removal of moisture from fruits and vegetables by the heat produced artificially under the controlled condition of temperature, with relative humidity and airflow. Hydration is the procedure where sufficient moisture is removed so as to keep the product free from spoilage. Dehydration is done in hygienic conditions to get products of uniform color than sun-dried. Dehydration helps in reducing bulk, needs less storage, and is cheaper than the other methods of preservation. Canning – Canning is also one of the methods of food preservatives that contain several procedures from grading, washing, peeling, cutting, blanching, cooling, exhausting, and processing. Canning is defined as heating and sealing of food materials in a hermetically sealed container. For the canning method fruits and vegetables need to be fresh.
Growth and Market Insights of Food Processing Market
Globally, in the year 2016 fruits and vegetable processing market had a value of USD 230.96 Billion and is expected to grow at a CAGR of 7.1% from the year 2017, to raise USD 346.05 billion by 2022. In India, the food and vegetable processing industry is expected to expand at a CAGR of 7.62% between 2018 and 2023 to reach a value of INR 256.4 billion in 2023. The key growth drivers of the food and vegetable processing market are the increasing number of nuclear families due to which the demand of processing food is also increasing. The busy lifestyle of females, families’ dependence on food items that require less time to prepare is also the reason. Due to the growing penetration of organized retail in the country, the demand for processed fruit and vegetables is expected to reach heights. The processing market of fruit and vegetables has been majorly driven by the high demand for convenience foods, the growing food service industry, and the increased presence of modern retail outlets along with the growing awareness about the health benefits of fruits and vegetables.
The research reports by NPCS on “Fruits and Vegetables Value addition, Food Processing, Dehydration, Canning and Preservation, Processed Food Projects” provides all the verified data on investing, diversifying, market potential, characteristics, and segmentations of the products. It also gives an overview of forecasted market growth that is verified and has been taken from the reliable sources of information and database.