Processed Vegetables and Fruits Market is estimated to surpass USD 392 billion by 2025. 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. Shifting consumer preference towards RTE food, and canned products will supplement market expansion. Additionally, technological innovation in dispensation techniques has enabled the manufactures to launch new products with a higher amount of nutritional content.
Companies Profiled based on Business Overview, Financial Data, Product Landscape, Strategic Outlook & SWOT Analysis:
· Archer Daniels Midland Company
· Conagra Foodservice
· B&G Foods
· Pinnacle Foods
· AGRANA Group
· Dole Food Company
· Greencore Group
· The Kraft Heinz Company
· Albertsons Companies
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2018 Market Size –USD 245 billion
Compound annual Growth Rate (CAGR)- 6.5%
2025 Forecast Value – USD 392 Billion +
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. Technological advancements by means of incorporating a high degree of automation at various stages of processing are providing a positive outlook for the product demand.
Key Highlights of this report:
Base Year: 2018
Growth Projections – 2019-2025
Historical data coverage: 2014 to 2018
Number of Pages – 300
Data Tables – 200
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. Additionally, processed products can be stored and preserved for a longer duration of time and are available even during the off-season thereby providing the market with improved growth avenues.
Growth Drivers of Processed Vegetables and Fruits Market:
Strong outlook along with versatile applications across beverages, jams, bakery, snacks, dairy & ice cream and confectionery industry are among key factors driving the processed vegetables and fruits market.
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. Additionally, rising consumer demand for exotic, healthy and fresh products that are readily available and require minimum preparation time are expected to gain higher importance in the future which will give an impetus to the business growth.
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Processed Vegetables and Fruits Market Segmentation:
· Drying & Dehydration
By Processing Equipment
At Global Market Insights, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
- Definition and scope of research
- Market dynamics, growth drivers and industry pitfalls
- Regulatory and political guidelines for the industry
- Demographics and statistical data
All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.
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