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Processed Fruits and Vegetables Market Growth Analysis 2019 by Key Players Archer Daniels Midland Company, Nestle, Sysco Corporation, Conagra Foods
Processed Fruits and Vegetables Industry
Strong outlook along with versatile applications across beverages, jams, dairy & ice cream, bakery, snacks, and confectionery industry are among key factors driving the processed vegetables and fruits market.
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Key Profiles:
• Dole Food Company
• SVZ
• Archer Daniels Midland Company
• Sysco Corporation
• Conagra Foods
• Nestle
Longer shelf-life can be achieved by subjecting fruits and vegetables to various forms of processing such as freezing, fresh-cutting, and canning. This procedure offers a higher convenience factor and enhances the product scope in various food applications.
Key aspects such as prolonged shelf life, ease of preservation & storage, and openness in the global market for trade will promulgate the processed fruits and vegetables business.
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Growing health consciousness among consumers has led to the appropriate intake of vitamins and nutrients rich foods which has resulted in increased adoption of canned fruits and vegetables, thereby fueling industry expansion.
Processed fruits is expected to hold over 35% of the overall market in 2018. Growing awareness among the consumers regarding intake of fruits daily owing to its nutrient-rich profile and high fiber content will propel the demand for the product.
Processing equipment dominated the overall market accounting for over 30% of the industry share in 2018. Increasing consumption of convenience and RTE food owing to busy lifestyles and their ready availability will support the demand for this equipment in the forthcoming years.
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North America dominated the overall market in 2018 owing to high consumer spending on convenience foods coupled with growing awareness regarding the benefits of consuming fruits and vegetables.
Asia Pacific is expected to witness the highest growth over the forecast period owing to rapid urbanization, penetration of organized retail, and foodservice industry across the region.
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