Market Size of Fruits And Vegetables Processing Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.70 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | High |
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*Disclaimer: Major Players sorted in no particular order |
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Fruit & Vegetable Processing Market Analysis
The Fruits And Vegetables Processing Market size is expected to grow from USD 63.72 billion in 2023 to USD 76.42 billion by 2028, at a CAGR of 3.70% during the forecast period (2023-2028).
Over the medium term, changing consumer patterns, in terms of dietary habits, due to the influence of Western culture have fueled the demand for fruit and vegetable processing. Thus, companies are developing many products, such as cold-pressed fruits and vegetables, to meet the demand for plant-based products. This is mainly due to consumers' preference for products that have a longer shelf life and easy-to-store properties when compared to fresh fruits & vegetables that are commonly available in the market.
The processed food market is driven by the increase in the need for convenience due to busy customer lifestyles. Further, growth in per-capita income has resulted in greater demand for ready-to-eat and on-the-go food items. This, in turn, has led to an increase in demand for processed fruit and vegetable products. The busy lifestyles of consumers across major cities and other places have significantly impacted the market as they prefer to reduce visits to retail establishments to save time.
Moreover, products that are labeled as organic, and free from various allergen contents are gaining importance in the market for their natural and nutritonal value. Manufacturers in the market tend to process these products in various techniques to maintain their nutritoinal profiles as it is post processing. Freeze drying, Freezing, and Fresh cutting are among the commonly preferred techniques by the manufacturers in the market.
Fruit & Vegetable Processing Industry Segmentation
Fruit and vegetable processing involves in grading and processing the raw vegetables and fruits into pieces, paste, and usually packed in cans. Additionally, to extend the shelf life fruits and vegetables are frozen, chilled, and dried by adopting various processes such as freeze-dry, sun-dry, and others. The fruit and vegetable processing market is segmented on the basis of the type of fruits and vegetables. By product, the market is segmented into fresh, fresh-cut, canned, frozen, and dried. By processing equipment, the market is segmented into pre-processing, processing, washing, filling, seasoning, and packaging. The report also provides geographical segmentation, including North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million). The market sizing has been done in value terms in USD for all the abovementioned segments.
| Type | |
| Fruits | |
| Vegetables |
| Product | |
| Fresh | |
| Fresh-cut | |
| Canned | |
| Frozen | |
| Dried |
| Processing Equipment | |
| Pre-processing | |
| Processing | |
| Washing | |
| Filling | |
| Seasoning | |
| Packaging |
| Geography | |||||||||
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Fruits And Vegetables Processing Market Size Summary
The fruit and vegetable processing market is experiencing significant growth, driven by evolving consumer preferences and lifestyle changes. The increasing demand for convenience foods, influenced by busy urban lifestyles, has led to a rise in the consumption of processed fruits and vegetables. Consumers are increasingly opting for products with longer shelf lives and easier storage options, such as cold-pressed and ready-to-eat items, which are seen as more convenient compared to fresh produce. This shift is further supported by rising per-capita incomes, which have boosted the demand for on-the-go food options. Additionally, the market is seeing a growing preference for organic and allergen-free products, prompting manufacturers to employ various processing techniques like freeze drying and fresh cutting to preserve nutritional value. The focus on energy-efficient and multifunctional processing equipment is also shaping the industry, as companies seek to reduce operational costs and enhance sustainability.
North America stands out as a dominant region in the fruit and vegetable processing market, driven by high consumer spending on convenience foods and increased awareness of the benefits of processed produce. The region's market is supported by a robust manufacturing base, with numerous small and medium enterprises, alongside large public companies, producing processing machinery. The competitive landscape is marked by price competition, with companies striving to diversify their product offerings to maintain retailer interest and enhance brand positioning. Key players in the industry, such as Dole Food Company Inc., Agrana, and Kraft Heinz Company, are focusing on innovation in packaging and ingredient formulation to attract consumers. Strategic acquisitions and technological advancements, like those seen with Agrana and Sorma Group, are further propelling market growth, highlighting the industry's dynamic nature and its response to evolving consumer demands.
Fruits And Vegetables Processing Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Fruits
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2.1.2 Vegetables
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2.2 Product
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2.2.1 Fresh
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2.2.2 Fresh-cut
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2.2.3 Canned
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2.2.4 Frozen
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2.2.5 Dried
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2.3 Processing Equipment
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2.3.1 Pre-processing
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2.3.2 Processing
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2.3.3 Washing
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2.3.4 Filling
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2.3.5 Seasoning
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2.3.6 Packaging
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.1.4 Rest of North America
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2.4.2 Europe
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2.4.2.1 Spain
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2.4.2.2 United Kingdom
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2.4.2.3 Germany
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2.4.2.4 France
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2.4.2.5 Italy
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2.4.2.6 Russia
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2.4.2.7 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 South Africa
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2.4.5.2 United Arab Emirates
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2.4.5.3 Rest of Middle-East and Africa
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Fruits And Vegetables Processing Market Size FAQs
What is the current Fruits And Vegetables Processing Market size?
The Fruits And Vegetables Processing Market is projected to register a CAGR of 3.70% during the forecast period (2024-2029)
Who are the key players in Fruits And Vegetables Processing Market?
Dole Food Company Inc., Agrana, Sysco Corporation, Conagra Foods and B&G Foods are the major companies operating in the Fruits And Vegetables Processing Market.
