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Global Post-Harvest Treatment Market Size, Share, Trends and Forecast
Posted: Jan 05, 2024
The global post-harvest treatment market size was valued at USD 2.01 billion in 2022 and is projected to reach USD 3.12 billion by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 7.6% during the study period. The post-harvest treatment sector plays a crucial role in addressing fruit and vegetable losses, estimated to be between 30% and 40%.
This substantial amount of discarded produce signifies both food and financial losses. Implementing post-harvest treatments can mitigate these losses by extending the shelf life of fruits and vegetables, reducing susceptibility to decay. The economic benefits include diminished food waste, increased profits, and enhanced market access, fostering sustainability and profitability in the post-harvest treatment business. Additionally, it opens avenues for exporting exotic fruits like avocados, dragon fruits, and jackfruit.
Dynamics of the Post-Harvest Treatment Market Report:
Drivers: The rising imperative to reduce post-harvest losses in perishable fruits and vegetables due to various factors such as physical, physiological, and mechanical influences, as well as hygiene issues. The high metabolic rate of horticulture crops shortens their shelf life, leading to losses caused by abiotic and biotic stressors.
Restraints: Challenges stemming from insufficient infrastructure and inadequate post-harvest handling practices, particularly in less-developed and emerging regions like Asia Pacific, Africa, and South America. Inappropriate crop management at various stages of post-harvest processing results in losses, hindering market expansion.
Opportunities: The emergence of organic and bio-based post-harvest products, driven by the growing consumer demand for safer and higher-quality food, coupled with a focus on healthy diets. The demand for chemical-free and environmentally friendly post-harvest treatment methods for organic fruits and vegetables is on the rise.
Challenges: Low awareness among farmers, especially in underdeveloped nations, regarding the benefits of post-harvest treatment. Shifting perceptions and increasing knowledge among farmers and stakeholders are crucial to influencing market dynamics positively.
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Market Ecosystem: Key players in the global post-harvest treatment market boast robust distribution networks, strong financial records, extensive experience, established manufacturing facilities, research and development centers, and skilled workforces. Notable market players include JBT (US), AgroFresh (US), Syngenta Crop Protection AG (Switzerland), DECCO (US), and BASF (Germany).
By type, coatings is projected to gain largest share in the post-harvest treatment market during the study periodThe global commerce in fruits and vegetables is rapidly expanding. This necessitates the development of post-harvest treatments to assist preserve the freshness and safety of fruits and vegetables throughout transportation and storage. Organic and sustainable products are becoming increasingly popular among consumers. This is increasing demand for post-harvest treatments derived from natural and sustainable chemicals. Convenience foods, such as pre-cut and pre-washed fruits and vegetables, are growing popular among the consumers. This is creating a demand for coatings that can assist to increase the shelf life of these items while also making them more user-friendly. Thus, driving the growth of segment in the market.
By crop type, fruits is forecasted to be the largest segment in the market during the research periodFruits are frequently consumed raw, which means they are not cooked or treated before consumption. As a result, they are more prone to deterioration and loss during post-harvest processing. Fruits are a seasonal crop, which means they are only accessible for a short period of time each year. This may raise the demand for post-harvest treatments, as producers and merchants seek ways to extend the shelf life of fruits in order to keep them available for extended periods of time.
By origin, synthetic segment is anticipated to occupy major share in the post-harvest treatment market during the study periodThis is because they are less expensive to create and use, synthetic items are frequently more cost-effective than natural products. Synthetic products are often more easy to use than natural treatments since they are easier to apply and do not necessitate as much specialized equipment. A substantial corpus of research is being conducted to produce novel and creative synthetic post-harvest treatments. This is resulting in the creation of more effective, cost-efficient, and user-friendly goods.
About the Author
I am a market research analyst in agriculture and food & beverages domain
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