Preserving food and vegetables using natural preservatives and additives, to extend their shelf lives, is a practice embraced by our ancestors since the beginning of time. Modern processing units, too, work on the same lines, with few adaptions here and there. The processed fruit and vegetable market, currently valued at US$ 74,134.8 million, holds prospects of a bright future in the coming years.
The internet and eCommerce boom in emerging economies has made the general population come across a plethora of foreign fruits and vegetables from international marketplaces. This is said to take the market to a staggering US$ US$ 107,500.4 million by the year 2034. Countries like India, China, Spain, Egypt, Tunisia, etc., which are known for their high-quality fruits and vegetables, are some of the most lucrative markets.
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The processed fruit and vegetable market is currently rising in the sustainability wave, with companies embracing sustainable harvesting, procuring, processing, and packaging of processed fruits and vegetables. The market is slated to develop at a CAGR of 3.80% during the forecasted period. Besides this, consumer demand to eat certain fruits throughout the year is also augmenting the market growth in the past few years.
“There are still a lot of concerns regarding the nutritional values of processed fruits and vegetables. Companies in the market must plan their marketing strategies accordingly so that they win back the trust of the general populace again”, opines an FMI analyst.
Key Takeaways from the Market Study
- The fruits segment dominates the processed fruit and vegetable market with a share of 52.30% in 2024.
- Based on product, the frozen segment leads the processed fruit and vegetable industry with a share of 25.60% in 2024.
- The processed fruit and vegetable industry in India is anticipated to progress at a CAGR of 8.60% through 2034.
- The processed fruit and vegetable market in Germany is estimated to rise at 7.10% CAGR through 2034.
- The processed fruit and vegetable industry in Japan has the potential to increase at 8.30% CAGR through 2034.
- The United States processed fruit and vegetable industry is predicted to rise by 6.70% CAGR through 2034.
- The processed fruit and vegetable market in China is very likely to progress at a CAGR of 7.90% through 2034.
Competitive Landscape
The processed fruit and vegetable market is mature with several local and international companies having a strong foothold.
- eCommerce platforms in emerging economies have drastically changed the market dynamics.
- Kellogg NA Co., Bühler, Welch’s, Sysco Corporation, Mott’s LLP, Krones AG, BonduelleTop of Form, etc., are some of the major players in the global processed fruits and vegetables market.
- Companies are now directly supplying fruits and vegetables to supermarkets and food chains.
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Recent Developments:
- In November 2023, a joint venture between NADEC and Del Monte was established in Saudi Arabia. The primary aim of the joint venture was to increase the production and distribution of fresh commodities, including fruits, vegetables, and juices. NADEC secured a 37.5% stake in the new company, which specialized in various products.
- In March 2024, AgriNurture, Inc. completed its acquisition of Freshness First Pty. Ltd., an Australian firm. The acquisition process had been initiated nearly five years prior, and ANI now has full control over the company. The deal, which was announced in October 2018, was finalized for AUS $1.00.
Key Companies
- Kellogg NA Co.
- Bühler
- Welch’s
- Sysco Corporation
- Mott’s LLP
- Krones AG
- Bonduelle
- USA Foods
- Dole Foods
- Jr. Simplot
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Key Segments Covered in the Processed Fruit and Vegetable Market
By Type:
- Fruits
- Vegetables
By Processing Equipment:
- Processing
- Pre-processing
- Seasoning
- Washing
- Filling
- Packaging
By Product:
- Fresh
- Canned
- Fresh-Cut
- Drying & Dehydration
- Frozen
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact FMI:
Nandini Singh Sawlani
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