Global Fruit and Vegetable Processing Market Set for Rapid Growth, To Reach Around USD 319.9 Billion by 2020
Sarasota, FL -- (SBWIRE) -- 11/09/2016 -- The report covers forecast and analysis for the fruit & vegetable processing market on a global and regional level. According to the report, global demand for fruit and vegetable processing was valued at USD 203.3 billion in 2014, is expected to reach USD 319.9 billion in 2020 and is anticipated to grow at a CAGR of 7.9% between 2016 and 2020.The study includes drivers and restraints for the fruit & vegetable processing market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the fruit & vegetable processing market on a global level.
In order to give the users of this report a comprehensive view on the fruit & vegetable processing market, we have included a detailed segmentation of fruit and vegetables. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the fruit & vegetable processing market has also been included. The study encompasses a market attractiveness analysis, wherein product segments and processed product segments are benchmarked based on their market size, growth rate and general attractiveness.
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Significantly changed eating habit and technological innovation in processing techniques helped fruit and vegetable processing industry reach the great height. Further factors such as rising consumer demand for fresh and healthy products that are easily available and need minimum preparation time are further fuelling the market growth. Several processed fruits and vegetable products are, fruits, juices vegetables and others. Out of which processed vegetables and fruits shows great potential and holds majority of share approximately 52% of the overall market in 2014. These segments are projected to grow at the strong CAGR by 2020. Demand for processed products has grown mainly faster in developing economies as industrial growth has translated into greater urbanization, higher per capita incomes, and rising middle class population.
Processing method is different for each of these product segments. Several type of processing equipment used includes packaging, pre-processing, washing and dewatering, processing, filling, and seasoning. The product type segment of the fruit and vegetable market include fresh, canned, frozen, fresh cut, dried, and convenience products. Canned fruits and vegetables emerged as potential segments due to rising demand and consumption worldwide and acquired around 20% of the overall market share in 2014. Different operation types of processing equipment are semi-automatic and automatic.
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North America dominated the fruit and vegetable processing market in 2014 which was mainly contributed by high consumption of frozen food products in U.S. and Canada. However, due to increasing health awareness consumers are expected to shift their preference toward fresh produce in the long run. Demand for processed fruits and vegetables have grown strongly in the developing countries of Asia-Pacific over the past five years. China is the world's leading exporter of processed fruit and vegetables. India is one of the world's largest producers of fresh fruit and vegetables, however, fruit and vegetables processing is relatively undeveloped in this country.
The study provides a decisive view on the fruit & vegetable processing market by segmenting the market based on product, processed product, processing equipment and operation type. All the product segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. The processing equipment used in the global fruit and vegetable market are filling, processing, packaging, pre-processing, seasoning and washing & dewatering. The product segment of fruit and vegetable includes fresh cut, canned, fresh, dried, and frozen & convenience. The processed product segment of fruit and vegetable includes vegetables, fruits, juices, wines, sauces and other products such as jellies, mixed pickles and sugar.
Automatic and semi-automatic are the operation types segment of fruit and vegetable market. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific and Rest of the world. This segmentation includes demand for fruit & vegetable processing based on individual applications in all the regions.
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The report also includes detailed profiles of end players such Nestle S.A., GEA Group AG, Del Monte Foods, Inc., Safeway, Inc., Krones AG, Conagra Foods, Inc., JBT Corporation Dole Food Company, Inc., Maxwell Chase Technologies, The Kroger Company, Greencore Group PLC, Bosch Group, Buhler Group and H. J. Heinz Company. The detailed description of players includes parameters such as company overview, financial overview, business strategies and recent developments of the company.
The report segments the global fruit & vegetable processing market as:
Global Fruit & Vegetable Processing Market: Product Segment Analysis
Global Fruit & Vegetable Processing Market: Processed Product Segment Analysis
Others (jellies, mixed pickles, acetic acid, sugar, jams, vinegar etc.)
Global Fruit & Vegetable Processing Market: Processing Equipment Segment Analysis
Washing & Dewatering
Global Fruit & Vegetable Processing Market: Operation Type Segment Analysis
Global Fruit & Vegetable Processing Market: Region Segment Analysis
Rest of Europe
Rest of Asia Pacific
Rest of the World (RoW)
Rest of RoW
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