Processed Fruits and Vegetables Market 2023 By Manufacturers, Regions, Type And Application, Forecast To 2029
Global Processed Fruits and Vegetables Market was valued at USD 308.56 Billion in 2021 and is expected to reach USD 528.82 Billion by the year 2028, at a CAGR of 8.0%.
Processing of Fruits and Vegetables refers to turning the raw material (cleaning, trimming, and peeling of fruits and vegetables) into a product with greater shelf life and which can be available for consumers in the form of ready-to-eat, this is achieved by cooking, canning, or freezing. Such Processing usually involves canning, drying, freezing, and preparation of juices, jams, and jellies that are done in order to increase the life of fruits and vegetables. Also, as per the availability and specialization, fruit processing plant operations are often seasonal.
As Fruits and vegetables are the most perishable commodities and also as they are important ingredients in the human dietaries there is a greater need for their processing and packaging. Fruits and vegetables are seasonal in nature and their market face price drops during the glut period and the production becomes uneconomical too due to distressed sales. Hence, the production of these commodities has little value if not properly handled, processed, or utilized. Due to this, fruit and vegetable processing has received greater attention in recent years.
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A greater economical need to preserve fruits and vegetables for off-season and properly handle the glut along with the fast-paced lifestyle and sifting preference towards quick food by the consumers are helping the processed fruits and vegetables market to attain greater growth. Moreover, the consumption of ready-to-eat and convenient food products has greatly increased which is also driving the demand for Fruit and Vegetable processing.
The processed fruits & vegetables market is expected to gain a higher share due to the busy lives of consumers and processed fruit and vegetable products being a time-saving alternative. the Further rise in the demand for dried fruits and fruit snacks along with new products with exotic fruits, citrus fruits, and berries and greater health and wellness is expected to boost the market growth.
The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis
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Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.
By Product Type
• Dried & Dehydrated
• Fresh Cut
• Food Service Industry
• Direct Consumption
By Processing Equipment
By Distribution Channels
• Specialty Store
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Regional Analysis in Processed Fruits and Vegetables Market
North America dominates the processed fruits and vegetables market owing to high consumer spending on convenience food, rising the awareness regarding the benefits of fruits and vegetables among the people. Furthermore, gaining popularity of vegan food diet along with organic food will helps the market growth. In addition, presence of major key players such as ConAgro, Dole Food Company Inc. and high capital investment on automation technologies will boost the market growth over forecast period.
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
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Key Players Covered in Processed Fruits And Vegetables Market
• GEA Group
• ConAgro Brands Inc.
• Dole Food Company Inc.
• The Kroger Company
• Olam International
• The Kraft Heinz Company
• Greencore Group
• Nestle S.A.
• JBT Corporation
• Crones and other major players.
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Key Industry Developments
In November 2019, Olam International invested in Dangote Flour Mills Plc. a flour and pasta manufacturing company. This investment helped in rising consumer demands for organic and chemical free products.
In January, 2019, The Kraft Heinz Company added Primal Nutrition, LLC, which make kitchen branded products. This investment will help company by its growth across multiple segments and meeting consumer demand.
Report includes Competitor's Landscape:
• Major trends and growth projections by region and country
• Key winning strategies followed by the competitors
• Who are the key competitors in this industry?
• What shall be the potential of this industry over the forecast tenure?
• What are the factors propelling the demand for the Action Figures and Statues?
• What are the opportunities that shall aid in significant proliferation of the market growth?
• What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures and Statues?
• How has the covid-19 impacted the growth of the market?
• Has the supply chain disruption caused changes in the entire value chain?
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