2019 Processed Fruits and Vegetables Market By Growth Factors, Trends, Key Players, Opportunities, And Forecast To 2025
Category: #business  By Partha Ray  Date: 2019-07-16
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2019 Processed Fruits and Vegetables Market By Growth Factors, Trends, Key Players, Opportunities, And Forecast To 2025

Global Market Insights, Inc. has added a new report on Processed Fruits and Vegetables Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of market in tandem with its competitive terrain.

The global processed fruits and vegetables market has been registering rapid growth with the increase in consumption of frozen and tinned fruit and vegetables that have come to be preferred over the non-consumption of any kind of fruit and vegetables at all. Modern lifestyles with hectic schedules have made it harder to opt for the consumption of fresh fruits and vegetables but awareness about lack of fruit and vegetables in diet that can lead to chronic diseases has added considerable stimulus to the processed fruits and vegetables industry across all nations.

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A recent instance demonstrating the popularity of processed fruits & veggies is the setting up of the fruit and vegetable processing plant by Lavifood Joint Stock Company in Tay Ninh province of Vietnam. The US$76.7 million plant has a production capacity of approximately 60,000 tons of finished products per annum. In recent years, noting the rising demand for Vietnamese fruits and vegetables, many investors have leveraged the abundance of local agricultural products in Vietnam and funded projects involving such processing plants, thus adding significant impetus to the regional processed fruits and vegetables market.

Fruit and vegetable processing in the Lavifood plant are at par with international standards as the plant reportedly uses modern technologies and machinery such as high-pressure processing that is reputed for preserving natural flavors and nutrition of produce while extending their shelf life. The plant would be producing frozen fruits, soft-dried fruits, juices and fruit juice concentrates that would be exported to Australia, Japan, South Korea, EU and U.S.

Processed Vegetables and Fruits Market, By Product

  • Fresh
  • Fresh-Cut
  • Canned
  • Frozen
  • Drying & Dehydration

Not only bad weather but the aging farmers of Japan have also been a driving factor for the growth of the processed fruits and vegetables market, as their retirement has brought about tightened supply. However, health-conscious consumers with increased purchasing power have boosted the demand for foods like salads and since companies now have stable procurement from customers, they have increased investment in food processing and emerged with considerable profits.

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Processed fruits and vegetables sector, had been previously hampered by the notion that processed items are not nutritionally as good as fresh ones. However such notions are being changed by studies that have shown that nutrient content of frozen fruits and vegetables as well as canned ones are comparable to fresh fruits and vegetables as freezing and canning can help to lock in the nutrition of produce at the peak of their freshness.

Processed Vegetables and Fruits Market, By Processing Equipment

  • Pre-processing
  • Processing
  • Washing
  • Filling
  • Seasoning
  • Packaging

North America dominated the overall market in 2018 owing to high consumer spending on convenience foods coupled with growing awareness regarding the benefits of consuming fruits and vegetables. Additionally, increasing adoption of vegan & flexitarian diets owing to the increasing health issues along with demand for organic fruits & vegetables will provide strong growth prospects for the future.

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Asia Pacific is expected to witness the highest growth over the forecast period owing to rapid urbanization, penetration of organized retail, and foodservice industry across the region. Additionally, factors such as favorable industrialization policy, emphasis on novel technologies, and increasing cultivation of fruits and vegetables in countries such as India, China, and Indonesia will boost the product demand.

The processed vegetables and fruits market share is highly fragmented with the presence of many regional players and multinational corporations. The key manufacturers include Dole Food Company, SVZ, Archer Daniels Midland Company, Sysco Corporation, Conagra Foods, and Nestle. The industry participants are involved in product innovation, collaborations, M&A, and capacity expansions to gain competitive advantage.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Corporate Sales, USA
Global Market Insights, Inc.
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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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