Fruit and Vegetable Processing Market
The global fruit and vegetable processing market is expected to witness a CAGR of 8.3% during the forecast period (2018-2023). The processed fruit segment is 65% of fruit and vegetable processing sector, by market share. The processed fruit and vegetable sector includes frozen, canned, dried fruit & vegetables and others. With a significant percentage of imports, at an average of 35%, revenues to processors and producers from the processed food products sector are strongly influenced by international trade.
Longer shelf-life of processed food like canned food offer the convenience factor which act as the major growth drivers for the industry. The changing consumer patterns in terms of dietary habits due to the influence of western culture have also fueled the demand for fruits and vegetable processing market. New product development, high investment in R&D and growing demand in the developing world are growth opportunities for the canned food industry.
Canned fruits can be a good source of vitamins and minerals. The fruit and vegetable processing market is segmented by type and by processing equipment type. Irradiation does not make foods radioactive, and does not compromise nutritional quality, or noticeably change the taste, texture, or appearance of food. In fact, any changes made by irradiation are so minimal.
North America dominated the fruit and vegetable processing market in 2015. There is a high consumption of frozen fruits and vegetables in the United States and Canada. However, due to the increasing health awareness, consumers are expected to shift toward fresh produce in the long run. Demand for processed fruits and vegetables has grown strongly in the developing countries of Asia-Pacific over the past five years.
China being 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 vegetable processing is relatively undeveloped in the country.
Competition between companies in fruits and vegetables processing industry is chiefly based on price, though companies have been striving to increase the diversity of their product range offering to remain attractive to retailers, to leverage brand position and increase capacity utilization.
Key players such as Little Potato Company picks Linkfresh, SVZ, Nestle, B&G Foods, Pinnacle Foods and other companies have innovations in packaging, changed or reduced the number of ingredients, touted the health and freshness of their ingredients and created more innovative items in the fruits and vegetables segment. The industrial processing of fruit and vegetables is a major market. With a global network of suppliers and cultivators, SVZ is one of the larger players in this segment. The firm is active in the business-to-business segment and supplies its products to the international food industry.
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1.1 Research Methodology
1.2 Market Definition
1.3 Report Description
2. Market Overview
2.1 Market Trend
3. Market Overview
3.1 Market Dynamics
188.8.131.52 Rising consumer demand for fresh and healthy products
184.108.40.206 Development of New Technologies for Fruit & Vegetable Processing
220.127.116.11 Significant Seasonal Fluctuations in the Share of Returns
18.104.22.168 High demand in Processing Equipment market
22.214.171.124 Government Funding
3.1.4 Porter's Five Forces Analysis
126.96.36.199 Bargaining Power of Suppliers
188.8.131.52 Bargaining Power of Buyers
184.108.40.206 Threat of New Entrants
220.127.116.11 Threat of Substitute Products and Services
18.104.22.168 Degree of Competition
4. Market Segmentation
4.1 By Type
4.1.1 Blanching/Minimally Processed
4.1.5 Fermentation and pickling
4.2 By Processing Equipment Type
4.2.1 Pre-Processing Equipment
22.214.171.124 Fruit and vegetable cleaners
4.2.2 Processing equipments
126.96.36.199.1 Peeling machinery
188.8.131.52.2 Cutting, slicing and dicing machinery
4.2.3 Packaging Equipments
184.108.40.206 Capping machine
220.127.116.11 Sealing machine
4.3 By Geography
4.3.1 North America
18.104.22.168 The United States of America
22.214.171.124 The United Kingdom
4.3.4 South America
126.96.36.199 South Africa
5. Competitive Landscape
5.1 Strategy adopted by Key players
5.2 Most active companies in the past five years
5.3 Market Share Analysis
6. Company Profiles
6.1 Bosch Packaging Technology
6.2 Bühler Group
6.3 Campbell Soup Company
6.4 Conagra Foods Inc.
6.5 Del Monte Foods Inc.
6.6 Dole Food Company Inc.
6.7 GEA Group AG
6.8 Greencore Group PLC
6.9 Group PLC
6.10 H. J. Heinz Company
6.11 Inc., Dole Food Company, Inc.
6.12 JBT Corporation
6.13 Krones AG
6.14 Maxwell Chase Technologies
6.15 McCain Foods Ltd.
6.16 Nestle S.A.
6.17 SVZ USA Inc
6.18 Safeway Inc.
6.19 The Kroger Company