Processed Fruits & Vegetables Market size to exceed $465bn by 2027

Processed Fruits & Vegetables Market size is set to surpass USD 465 billion by 2027, according to a new research report by Global Market Insights Inc.
 

Processed fruits & vegetables industry is expected to garner gains owing to increasing applications in the food & beverage industry to enhance the taste, nutritional content, flavor, color, and texture of the products. Robust demand for products made with natural flavors rather than artificial ingredients is generating new growth opportunities in the market.

 

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The rising focus of supermarkets & hypermarkets operating worldwide toward offering high-quality processed fruits and vegetables at affordable prices is supporting high product sales. this factor, in turn, is fueling the industry expansion.
 

Processed fruits segment demand is set to grow at a CAGR of over 7.5% through 2027 owing to increasing use as an ingredient in beverages and bakery products.

Processed fruits segment held a significant share in the overall market in 2020. Process fruits are increasingly used as a major ingredient in various food & beverage products such as fruit juices, flavored bars, and fruit-flavored dairy products including ice-creams & yogurts. An increase in consumer spending on high-fiber processed fruits that offer superior taste is generating new growth opportunities for the manufacturers.
 

High acceptance of fruit-flavored food & beverages among consumers, especially children, has increased processed fruit demand from the food & beverage industry, thereby propelling product demand.
 

Fresh product segment is set to record over 6.5% CAGR between 2021 and 2027 due to rising awareness of the high nutritional value and health benefits offered by fresh fruits and vegetables.

The fresh product segment dominated the global processed fruits & vegetables market in 2020. Fresh vegetables and fruits are rich in vitamins, fiber, antioxidants & minerals and are highly effective against chronic diseases including cancer and heart disease. Due to the above factors, consumers are adding a wide range of fresh fruits & vegetables to their daily diet, thereby propelling product demand. Regular consumption of freshly grown vegetables with limited processing owing to easy availability and high shelf life is augmenting the market expansion.
 

Packaging equipment segment is expected to register over 7.5% CAGR between 2021 and 2027 owing to the introduction of advanced packaging solutions and attractive packaging designs.

The packaging segment is projected to cross USD 90 billion by 2027. Innovations in the packaging industry to improve the product shelf life and reduce costs will drive the packaging equipment segment growth. The emergence of new technologies and packaging materials will save time, reduce waste, expand product reliability, and improve customer experience, thus boosting product sales.
 

The emergence of antimicrobial packaging techniques helps fresh produce to retain texture and composition, thus facilitating the products to remain in their natural form. Additionally, packaging innovations have led to the introduction of products in smaller quantities, thereby contributing to a variety of options for consumers, in turn, accelerating the processed fruits & vegetables market statistics.
 

Browse key industry insights spread across 420 pages 495 market data tables and 30 figures & charts from the report “Processed Fruits & Vegetables Market Forecasts, By Type (Fruits, Vegetables), By Product (Fresh, Fresh-Cut {Fruit Mix, Apples, Mangoes, Trays, Pineapples, Bananas, Melons}, Canned, Frozen, Drying & Dehydration), By Processing Equipment (Pre-processing, Processing, Washing, Filling, Seasoning, Packaging), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/processed-fruits-and-vegetables-market
 

Shifting consumer preference toward a healthy lifestyle in Europe will propel product demand

Europe processed fruits & vegetables market is anticipated to reach USD 135 billion by 2027. High consumer disposable income coupled with growing health consciousness has urged food & beverage manufacturers to use processed fruits and vegetables in diverse food & beverage applications.
 

Product branding & advertising, such as organic, GMO-free, gluten-free, and low calorie, attract health-conscious consumers in the market. Consumers in European countries including Germany, the UK, France, and Italy are willing to pay higher for premium and high-quality processed fruit & vegetable products. This is due to shifting trends toward healthy lifestyles, which in turn, will accelerate the regional market size.
 

Companies operating in the processed fruits & vegetables industry are implementing multiple strategies, such as new product launches, partnerships, collaborations, research & development, and mergers & acquisitions, to sustain their position in the global market. The major players operating in the processed fruits & vegetables market include Agrana, Jr. Simplot, Ardo Seneca, U.S. Foods, Dole Foods, Bonduelle, Sysco Corporation, and Total Produce.
 

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