The 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%.
The processing of fruits and vegetables after harvesting through washing, cutting, drying, packaging, and other methods, and making them available for consumers in the form of ready-to-eat. Additionally, processed fruits and vegetables are stored in cans and jars to provide a healthy way to elongate the product's shelf life while preserving its nutrition. For instance, bags of cut baby carrots, prewashed and chopped lettuce or salad kit, containers of fruits, jarred strawberries and oranges, canned corn, and a variety of trays of fruits and vegetables. Moreover, a fast-paced lifestyle and sifting preference towards ready-to-eat food by people will help to growth of the processed fruits and vegetables market during the forecast period. In addition, India is the second largest producer of fruits and vegetables globally. According to a study, processed fruits and vegetables were exported around 391,283.8 metric tons globally by India in 2018 and were worth INR 34.04 Bn.
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Top 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., Bosch, Buhler, JBT Corporation, Crones and other major players.
Processed Fruits and Vegetables Market in-depth and offers a comprehensive analysis of the major growth determinants, Processed Fruits and Vegetables Market share, current trends, key players, and their future predictions. In addition, market demand and supply, each geographical region's growth rate, and market potential are all included in the global Processed Fruits and Vegetables Market study. Raw materials, marketing channels, client surveys, industry trends and proposals, CAGR status, product scope, Processed Fruits and Vegetables Market trends, major leading countries/regions, market risk, and market driving force are all included in the market research. The market prediction was based on a thorough market investigation completed by several industry experts.
Segmentation Analysis of the Processed Fruits and Vegetables Market:
The Processed Fruits and Vegetables Market can be segmented based on various factors to provide a comprehensive understanding of its dynamics. Common segmentation criteria include:
By Product Type
- Fresh
- Frozen
- Dried & Dehydrated
- Fresh Cut
- Canned
- Others
By Application
- Food Service Industry
- Direct Consumption
By Processing Equipment
- Pre-Processing
- Processing
- Washing
- Filling
- Seasoning
- Packaging
By Distribution Channels
- Specialty Store
- Supermarket/Hypermarket
- Online
- Others
Market share data Market Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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Market Dynamics And Factor
- Drivers:
Rising demand for fresh fruits and vegetables, busy lifestyle, changing consumer patterns in terms of dietary habits, and understanding the benefits of fruits and vegetables leads to growth of the market in the projected period. In addition, the increasing food service industry and the presence of modern retail outlets drive the market growth. Longer shelf life of processed fruits, excellent nutritional profile including vitamins, minerals, and fibers, and convenience for transportation will help to boost the market. Furthermore, the availability of fruits and vegetables during the year, makes them prefer healthy snacking options among the consumer.
- Restraints:
Complex supply chain and high inventory carrying costs hampering the market growth during the forecast period. In addition, the lack of awareness regarding the benefits of fruits and vegetables among the youth is unfastened the market growth.
- Opportunities:
New product development, innovation in processing technology, feasibility and transparency in the supply chain, high capital investment by the manufacturers, and growing demand in developing nations are growth opportunities for the processed fruits and vegetables industry.
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