27-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Fruit & Vegetable Processing Market By Product (Fresh Cut, Canned, Frozen, Fresh and Others), by Processed Product (Fruits, Sauces, Juices, Vegetables, Wines and Others) by Equipment (Washing and Dewatering, Filling, Pre-Processing, Seasoning, and Packaging) by Type (Automatic and Semiautomatic): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Fruit & Vegetable Processing market in 2019 was approximately USD 280 Million. The market is expected to grow at a CAGR of XX% and is anticipated to reach around USD 450 Million by 2026.
Longer shelf-life of processed foods such as canned foods provide the convenience factor that is serving as the industry's major growth drivers. Due to the influence of western culture, the increasing consumer preferences in terms of dietary habits have also fuelled demand for the fruit and vegetable processing industry. New product production, high R&D investment and growing demand in the developing world are potential growth opportunities for the food canned industry.
Browse the full “Fruit & Vegetable Processing Market By Product (Fresh Cut, Canned, Frozen, Fresh and Others), by Processed Product (Fruits, Sauces, Juices, Vegetables, Wines and Others) by Equipment (Washing and Dewatering, Filling, Pre-Processing, Seasoning, and Packaging) by Type (Automatic and Semiautomatic): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/fruit-vegetable-processing-market-by-product-fresh-cut-999
Increasing discretional income had led to high spending capacity on the quality of the food which is likely to drive the fruit and vegetable processing market in this region. Increasing the number of working women in India and China has led the population to opt for food packed and ready. In the forecast period, this factor may spring up on the fruit and vegetable processing market. The majority of the Asian population's pull towards western fast food is expected to promote the growth of this region's processed food industry. On the other hand trend for the consuming healthy natural food and stringent regulations on processed foods may hinder the growth of the market.
Canned fruit can provide an excellent source of vitamins and minerals. The market in processing fruit and vegetables is segmented by product and by the size of processing equipment. Irradiation does not make foods toxic and does not affect the nutritional quality or change the taste, texture or appearance of foods significantly.
Fruits and vegetables are an important part of the global food market where processed food dominates in many parts of the world. The Asia Pacific is projected to be the fastest-growing market for processing fruit and vegetables, and it is estimated to uphold its trend over the forecast period. The growing craze for processed and packaged foods, particularly in India and China, may lead to growth in the market for fruit and vegetable processing in the forthcoming time.
North America led the market in fruit and vegetable processing in 2016 and is expected to keep pace in the coming years due to the increasing attraction towards convenience food. There are numerous U.S. government-led mandates on the protection of consumable foods that may hinder the growth of this region's fruit and vegetable processing industry. Europe is the second-largest market for fruit and vegetable processing. Germany is the biggest frozen food consumer. Changing patterns in food consumption and ever-increasing demand for frozen food in Germany are likely to force the growth of European fruit and vegetable processing.
The market is quite fragmented and intense rivalry exists in the market. The key market players in the market are JBT Corporation, Inc., Safeway, Inc., H. J. Heinz Company, Krones AG, Bosch Group, Conagra Foods, Inc., Greencore Group PLC, The Kroger Company, GEA Group AG, Buhler Group, Nestle S.A., and Del Monte Foods, Inc.
This report segments the Fruit & Vegetable Processing market as follows:
Global Fruit & Vegetable Processing Market: By Product Segmentation Analysis
- Fresh Cut
Global Fruit & Vegetable Processing Market: By Processed Product Segmentation Analysis
- Others (jellies, mixed pickles, acetic acid, sugar, jams, vinegar, etc.)
Global Fruit & Vegetable Processing Market: By Equipment Segmentation Analysis
- Washing & Dewatering
Global Fruit & Vegetable Processing Market: By Type Segmentation Analysis
Global Fruit & Vegetable Processing Market: Regional Segmentation Analysis
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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