Market Size of Fruits And Vegetables Processing Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.70 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Fruit & Vegetable Processing Market Analysis
The Fruits And Vegetables Processing Market size is expected to grow from USD 63.72 billion in 2023 to USD 76.42 billion by 2028, at a CAGR of 3.70% during the forecast period (2023-2028).
Over the medium term, changing consumer patterns, in terms of dietary habits, due to the influence of Western culture have fueled the demand for fruit and vegetable processing. Thus, companies are developing many products, such as cold-pressed fruits and vegetables, to meet the demand for plant-based products. This is mainly due to consumers' preference for products that have a longer shelf life and easy-to-store properties when compared to fresh fruits & vegetables that are commonly available in the market.
The processed food market is driven by the increase in the need for convenience due to busy customer lifestyles. Further, growth in per-capita income has resulted in greater demand for ready-to-eat and on-the-go food items. This, in turn, has led to an increase in demand for processed fruit and vegetable products. The busy lifestyles of consumers across major cities and other places have significantly impacted the market as they prefer to reduce visits to retail establishments to save time.
Moreover, products that are labeled as organic, and free from various allergen contents are gaining importance in the market for their natural and nutritonal value. Manufacturers in the market tend to process these products in various techniques to maintain their nutritoinal profiles as it is post processing. Freeze drying, Freezing, and Fresh cutting are among the commonly preferred techniques by the manufacturers in the market.
