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%.
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
List of Figures
FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Processed Fruits and Vegetables Market Revenue, 2016 - 2026 (USD Billion)
FIG. 5 Porter’s Five Forces Analysis for Global Processed Fruits and Vegetables Market
FIG. 6 Global Processed Fruits and Vegetables Market Attractiveness, By Type
FIG. 7 Global Processed Fruits and Vegetables Market Attractiveness, By Product
FIG. 8 Global Processed Fruits and Vegetables Market Attractiveness, By Region
FIG. 9 Company Share Analysis, 2019
FIG. 10 Global Processed Fruits and Vegetables Market Revenue Share, by Type, 2019 & 2026
FIG. 11 Global Processed Fruits and Vegetables Market for Fruits, Revenue (USD Billion) 2016 - 2026
FIG. 12 Global Processed Fruits and Vegetables Market for Vegetables, Revenue (USD Billion) 2016 - 2026
FIG. 13 Global Processed Fruits and Vegetables Market Revenue Share, by Product, 2019 & 2026
FIG. 14 Global Processed Fruits and Vegetables Market for Fresh Cut, Revenue (USD Billion) 2016 - 2026
FIG. 15 Global Processed Fruits and Vegetables Market for Canned, Revenue (USD Billion) 2016 - 2026
FIG. 16 Global Processed Fruits and Vegetables Market for Frozen, Revenue (USD Billion) 2016 - 2026
FIG. 17 Global Processed Fruits and Vegetables Market for Dried, Revenue (USD Billion) 2016 - 2026
FIG. 18 Global Processed Fruits and Vegetables Market for Others, Revenue (USD Billion) 2016 - 2026
FIG. 19 Global Processed Fruits and Vegetables Market Revenue Share, by Region, 2019 & 2026
FIG. 20 North America Processed Fruits and Vegetables Market Revenue, 2016 - 2026 (USD Billion)
FIG. 21 Europe Processed Fruits and Vegetables Market Revenue, 2016 - 2026 (USD Billion)
FIG. 22 Asia Pacific Processed Fruits and Vegetables Market Revenue, 2016 - 2026 (USD Billion)
FIG. 23 Latin America Processed Fruits and Vegetables Market Revenue, 2016 - 2026 (USD Billion)
FIG. 24 The Middle-East and Africa Processed Fruits and Vegetables Market Revenue, 2016 - 2026 (USD Billion)
List of Tables
TABLE 1 Global Processed Fruits and Vegetables Market: Snapshot
TABLE 2 Drivers of the Processed Fruits and Vegetables Market: Impact Analysis
TABLE 3 Restraints for the Processed Fruits and Vegetables Market: Impact Analysis
TABLE 4 Global Processed Fruits and Vegetables Market Revenue, by Region, 2016 – 2026 (USD Billion)
TABLE 5 North America Processed Fruits and Vegetables Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 6 North America Processed Fruits and Vegetables Market Revenue, by Type, 2016 – 2026 (USD Billion)
TABLE 7 North America Processed Fruits and Vegetables Market Revenue, by Product, 2016 – 2026 (USD Billion)
TABLE 8 Europe Processed Fruits and Vegetables Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 9 Europe Processed Fruits and Vegetables Market Revenue, by Type, 2016 – 2026 (USD Billion)
TABLE 10 Europe Processed Fruits and Vegetables Market Revenue, by Product, 2016 – 2026 (USD Billion)
TABLE 11 Asia Pacific Processed Fruits and Vegetables Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 12 Asia Pacific Processed Fruits and Vegetables Market Revenue, by Type, 2016 – 2026 (USD Billion)
TABLE 13 Asia Pacific Processed Fruits and Vegetables Market Revenue, by Product, 2016 – 2026 (USD Billion)
TABLE 14 Latin America Processed Fruits and Vegetables Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 15 Latin America Processed Fruits and Vegetables Market Revenue, by Type, 2016 – 2026 (USD Billion)
TABLE 16 Latin America Processed Fruits and Vegetables Market Revenue, by Product, 2016 – 2026 (USD Billion)
TABLE 17 The Middle-East and Africa Processed Fruits and Vegetables Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 18 The Middle-East and Africa Processed Fruits and Vegetables Market Revenue, by Type, 2016 – 2026 (USD Billion)
TABLE 19 The Middle-East and Africa Processed Fruits and Vegetables Market Revenue, by Product, 2016 – 2026 (USD Billion)
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