The global Fruit Processing Industry was valued at USD 8.67 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 14.20% from 2024 to 2030, reaching nearly USD 21.98 billion by 2030.
Market Overview
Fruit processing involves transforming fresh fruits into products with extended shelf life through methods such as canning, drying, freezing, and the creation of new ingredients. This process enhances the value of fresh produce and caters to the increasing consumer demand for convenient and long-lasting food options.
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Key Drivers
- Rising Demand for Processed Foods: The growing consumption of ready-to-eat foods in countries like Mexico, Brazil, Argentina, UAE, India, and China is a significant factor driving the fruit processing market.
- Health Awareness: Consumers are increasingly recognizing the health benefits associated with fruit consumption, leading to a higher demand for processed fruit products that retain nutritional value.
Regional Insights
Highly populated countries such as Brazil, China, India, and South Africa are among the largest consumers of processed foods globally. In India, for instance, there are about 1,000 varieties of mangoes, and the country produces approximately 350,000 tons of mango pulp annually, accounting for half of the global mango production. India exports to over 89 countries, with 200,000 tons of mangoes exported each year and 150,000 tons consumed domestically.
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Challenges
The fruit processing market has faced challenges due to global events:
- COVID-19 Pandemic: The pandemic disrupted supply chains, leading to a 20% inflation in the processed fruit market. Increased energy and fertilizer prices have also negatively impacted global agricultural production, affecting developing countries in particular.
- Geopolitical Tensions: Events such as Brexit and the Russia-Ukraine conflict have led to higher import prices and sourcing challenges for processed fruits. For example, all segments except frozen fruit have seen declines in imports to the UK since Brexit, with edible nuts imports declining by an average of 10% annually since 2017.
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Future Outlook
Despite these challenges, the fruit processing market is expected to continue its growth trajectory, driven by increasing consumer demand for convenient and nutritious food options. Companies are likely to focus on innovation and efficiency to navigate the evolving market landscape.
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