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NEW YORK , May 30, 2022 /PRNewswire/ -- According to the market research report published by P&S Intelligence, the global fruit and vegetable processing equipment market accounted for $5.6 billion revenue in 2021, which is set to reach $10.2 billion by 2030, advancing at a 6.9% CAGR between 2021 and 2030. The growing population and changing food choices, as people's purchasing behavior shifts toward higher-value commodities, are the major factors driving the market.
The demand for pre-processing equipment holds the largest market share, and it is expected to grow at a CAGR of around 7.0% in the coming years. This is because fruits and vegetables gathered from farms contain dirt, germs, external nutrients, and biocides, making them unfit for direct eating.
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Key Findings of Fruit and Vegetable Processing Equipment Market Report
Vegan cuisine's growing popularity has resulted in a favorable change in the vision of plant-based food companies. As per Plant Proteins.com, plant-based food retail sales in the U.S. rose by 11% between 2018 and 2019. As a result, food processing firms are augmenting their manufacturing capacity to meet the growing demand for plant-based products.
Browse detailed report on Fruit and Vegetable Processing Equipment Market Analysis, Growth and Demand Forecast Report, 2030
The main companies in the fruit and vegetable processing equipment market have used a variety of methods, including the release of new and innovative equipment as well as improvements in the existing equipment, to strengthen their position. These companies are Turatti Group, Syntegon Technology GmbH, Marel, Krones AG, JBT Corporation, Heat and Control Inc., GEA Group AG, FENCO Food Machinery S.R.L., Bühler AG, Bigtem Makine A.S., ANKO FOOD MACHINE CO. LTD., and Alfa Laval.
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