April 02, 2020
As per the report titled ‘Processed Fruits and Vegetables Market Size By Type, By Product, By Processing Equipment, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the global processed fruits and vegetables market is projected to exhibit a strong CAGR during 2019-2025.
Rising consumer awareness regarding the health benefits of fruits and vegetables is driving the growth of processed fruits and vegetables market. Increasing health conscious population in tandem with surging demand organic food products free from additives will drive the market growth in the coming years. Rapid expansion of technologically advanced fruits and vegetables processing centers is positively impacting the market outlook. These facilities allow manufacturers to ramp up their production speed and yield higher returns.
Based on the type, fresh produce segment presently holds 30% share of processed fruits and vegetables market. Increasing urban population, growing consumer awareness, and rising preference for food quality and safety are boosting the popularity of fresh produce. Increasing purchasing power, coupled with partnerships between manufacturers and farmers to ensure availability and consistent product quality will augment the segment growth in the years to come.
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Elaborating on the processing equipment, pre-processing segment is projected to grow by 6.5% during 2019-2025. The growth is attributable to the ability of these equipment to prevent decaying and maintain fresh produce through rapid cooling.
Considering the regional outlook, processed fruits and vegetables market in North America is projected to grow substantially and accumulate USD 123 billion by the year 2025. The regional growth can be credited to large demand of organic food particularly from the U.S. Growing consumer interest in organic chocolate will further enhance the regional business outlook.
Major players of processed fruits and vegetables market are SVZ, Sysco Corporation, Archer Daniels Midland Company, Conagra Foods, B & G Foods, Nestle, Pinnacle Foods, Agrana, Bunge, Dole Food, Greencore group., The Kraft Heinz Company, Kroger, Albertsons, and OLAM international.
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