Market Overview:
The Global Processed Fruits and Vegetables Market was valued at USD 12.78 Billion in 2023 and is expected to reach USD 18.45 Billion by the year 2030, at a CAGR of 4.7%.
Fruits and vegetables are processed after being harvested using various techniques such as washing, chopping, drying, packaging, and more to make them ready for consumption. Additionally,processed fruits and vegetables packed in jars and cans offer a nutritious approach to extending the shelf life of the product while maintaining its nutritional value. For instance, jarred strawberries and oranges, salad kits, packs of sliced baby carrots, prewashed lettuce, cans of corn, and a variety of trays of fruits and vegetables. The market for processed fruits and vegetables will also rise throughout the forecast period due to people's fast-paced lifestyles and shifting preferences towards ready-to-eat foods.
Top Key Players Covered In The Processed Fruits and Vegetables Market:
- GEA Group (Germany)
- ConAgro Brands Inc. (Germany)
- Dole Food Company Inc. (Ireland)
- The Kroger Company (US)
- Olam International (Singapore)
- The Kraft Heinz Company (US)
- Greencore Group (Ireland)
- Nestle S.A. (Switzerland)
- Bosch (Germany)
- Buhler (Switzerland), and Other Major Players.
Market Dynamics and Factors:
Growing consumer awareness of the health advantages of fruits and vegetables, a busy lifestyle, changing consumer eating patterns, and rising demand for fresh produce all contribute to the market's rise throughout the anticipated period. Additionally, the market is expanding due to the expansion of the food service sector and the availability of contemporary retail stores. The market will grow as processed fruits have a longer shelf life, have a superior nutritional profile with vitamins, minerals, and fibers, and are easier to transport. In addition, consumers favor fruits and vegetables as healthy snack options because they are readily available throughout the year.
The processed fruit and vegetable business have prospects for expansion due to new product development, advancements in processing technology, feasibility and transparency in the supply chain, significant capital expenditure by the producers, and rising demand in developing countries. The majority of households desire ready-to-eat foods, and this demand is anticipated to increase in the upcoming years. The quality and nutritional value of processed foods are driving up consumer demand for them. The fruit and vegetable processing industry's increased reliance on robotics and automatics has increased output while also lowering operating costs for these businesses.
Processed Fruits and Vegetables Market Report Highlight:
- By Product type, the canned segment is anticipated to lead the growth of the Processed Fruits and Vegetables market in the forecasted timeframe. In developing as well as developed nations there is a great demand for canned vegetables and fruits. In developing nations, canned fruits and vegetables have held great demand even in the past. Maximum revenue will be generated through this segment
- By Application, the Food Service Industry segment is expected to have the highest share of the Processed Fruits and Vegetables market over the projected period. Rising consumption of outside food, Changing lifestyles are the factor that drive the growth of the market. The food service or catering industry includes the businesses, institutions, and companies which prepare meals outside the home
- By Processing Equipment, the Pre-processing equipment segment is set to develop at the highest CAGR during the forecasted timeframe Pre-processing equipment enables rapid cooling of fresh produce after the harvest and restricts deterioration, thereby enhancing its overall quality. Driven by these factors, the equipment helps manufacturers to process fresh quality products, thereby bolstering segment expansion.
- By Distribution Channels, the Supermarket/Hypermarket segment is expected to have the highest share of the Processed Fruits and Vegetables market over the projected period. Supermarkets are becoming increasingly popular due to the availability of a diverse range of consumer goods under a single roof, ample parking space, and convenient operating hours. These stores offer a variety of brands in a specific product category, giving customers more options.
- The North American region is expected to have the highest share of the Processed Fruits and Vegetables market over the projected period. The high consumer spending on convenience food, rising awareness regarding the benefits of fruits and vegetables among the people. Furthermore, gaining the popularity of a vegan food diet along with organic food will help the market grow.
Key Industry Development:
In September 2021, The Kraft Heinz Company agreed to acquire “Hemmer,” a Brazilian company focused on condiments and sauces. The acquisition is designed to expand consumers’ taste options in Brazil while supporting Kraft Heinz’s strategy of growing its International Taste Elevation product platform and its presence in emerging markets.
In June 2021, the Kraft Heinz Company announced that it has reached an agreement to purchase Assan Foods. Assan Foods manufactures and sells a wide range of products, including those that appeal to a variety of international cuisines and are sold under brands including Colorado.
Processed Fruits and Vegetables Market Segmentation:
By Product Type
- Fresh
- Frozen
- Dried & Dehydrated
- Fresh Cut
- Canned
- Others
By Application
- Food Service Industry
- Direct Consumption
By Processing Equipment
- Pre-Processing
- Processing
- Washing
- Filling
- Seasoning
- Packaging
By Distribution Channels
- Specialty Store
- Supermarket/Hypermarket
- Online
- Others
For this report, Introspective Market Research has segmented the Processed Fruits and Vegetables Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
