Global Fruit & Vegetable Processing - Industry Market Research Report

Global Fruit & Vegetable Processing - Industry Market Research Report

Global Fruit & Vegetable Processing

Global fruit and vegetable processors have steadily grown as a result of favorable consumer trends across the world. The growth in global disposable income has driven demand toward healthier and more convenient processed foods in developed countries such as the United States and the United Kingdom, where consumer trends have been slightly shifting. But unlike the case for developed countries, this income growth has fomented demand for processed foods in developing countries such as China. The industrialization of the industry in these countries has also improved distribution and production capacity to the benefit of the global industry. Overall, the industry has been growing at a CAGR of 1.2% over the past five years and is expected to total $339.6 billion in 2023, when revenue will jump by an estimated 0.8%.

Operators in the Global Fruit and Vegetable Processing industry process fresh fruit and vegetables into canned, bottled, preserved, frozen, dried (except sun-dried) or otherwise processed or preserved food products for human consumption. The industry also blends salt, sugar, preservatives and other ingredients with fruits and vegetables to make consumer food products. This industry does not include producers of wine (IBISWorld report C1123-GL) or vegetable cooking oils.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.