Processed Fruits and Vegetables Market by Type (Fruits and Vegetables), By Product (Fresh Cut, Canned, Frozen, Dried, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

The processed fruits and vegetables market is set for a rapid growth over the forecast period. In terms of revenue, the global processed fruits and vegetables market accounted for USD 287.9 Billion in 2019 and is expected to reach USD 504.7 Billion by 2026, growing at a CAGR of 8.4%.

12-Nov-2020 | Number of pages: 110 | Report Code: ZMR-4215 | Report Format : | Status : Published

Abstract

Global Processed Fruits and Vegetables Market: Overview

Processing of fruits & vegetables is vital for manufacturing products for direct intake as food ingredients. During the processing of fruits & vegetables, the key objective is to maintain the nutritive value, color, texture, and flavor of these products. Processing helps in enhancing the shelf life of all perishable vegetables and fruits.

Global Processed Fruits and Vegetables Market: Growth Factors

The processed fruits and vegetables market is primarily driven by the numerous factors such as growing demand for processed foods with an increased shelf life, adoption of advanced processing methods, and rising disposable income among people in developing economies. Rising demand for organically processed fruits and vegetables is another key factor enhancing the market growth. Moreover, changing consumer dietary patterns due to the stimulus of vegan lifestyle is expected to positively impact the processed fruits and vegetables market demand over the forecast period.

Market players are focusing on investing heavily to develop new products and expand their business in various regions. The outbreak of COVID-19 has led to an increase in buying groceries online to prevent the spread of the virus. Moreover, retailers such as Amazon.com, Inc., Walmart, JD.com, Inc. are also expanding their business operations and investing heavily to offer groceries online. This is expected to positively impact the market growth over the coming years.

Global Processed Fruits and Vegetables Market: Segmentation

The processed fruits and vegetables market is bifurcated on the basis of type, product, and region. The type segment is further divided into fruits and vegetables. Based on product, the market is bifurcated into fresh cut, canned, frozen, dried, and others.

Global Processed Fruits and Vegetables Market: Regional Analysis

Based on regions, the global processed fruits and vegetables market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The North America region held a considerable share in 2019. This is attributable to the presence of major companies such as Dole Food Company Inc., Del Monte Foods, Inc., The Kraft Heinz Company, and Conagra Brands, Inc., among others.

The Asia Pacific region is expected to grow at a significant rate during the forecast period. This rise is due to the increasing demand in China and India. Rapid urbanization, changing lifestyle due to hectic schedules, and availability of easily consumable food are some of the major factors that augment the market growth in this region.

Global Processed Fruits and Vegetables Market: Competitive Players

Some of key players in processed fruits and vegetables market are Nestlé, Dole Food Company Inc., Del Monte Foods, Inc., The Kraft Heinz Company, Conagra Brands, Inc., McCain Foods Limited, PepsiCo, Unilever, Parle Agro, and Kellogg's Company, among others. 

Global Processed Fruits and Vegetables Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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