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Processed Fruits & Vegetables Market size to surpass $585Bn by 2032

  • Published Date: November 10, 2022

Processed Fruits & Vegetables Market size is anticipated to surpass USD 585 billion in revenue by 2032, as per a recent research report announced by Global Market Insights Inc.

Escalating inclination of consumers toward a healthy lifestyle and increased fitness consciousness as the chief drivers of the processed fruits & vegetables sector. In addition, the significant rise in food & beverage consumption due to extensive campaigns through varied media platforms is fueling the demand for processed fruits & vegetables. For instance, the new initiative by CGIAR called the Fruit and Vegetables for Sustainable, Healthy Diets (FRESH) aims to refine food security and food consumption in low-income nations. The campaign comprises various objectives, including influencing consumer behavior and ensuring safe production, among others.

Increasing vegan population to boost vegetables industry share

With respect to type, the study classifies the processed fruits & vegetables market into fruits and vegetables. In 2022, the vegetables segment valuation exceeded USD 195 billion. Surging awareness regarding the health benefits of processed vegetables is projected to push the demand for processed vegetables. In addition, the broadening vegan population, along with a positive outlook toward organic food, is slated to augment segment growth.

Escalating demand for clean label packaging to push fresh-cut segment expansion

Heavy demand for fresh-cut fruits & vegetables. In 2022, the processed fruits & vegetables market share from the fresh-cut segment was worth over USD 90 billion and is foreseen to depict decent growth trends until 2032. The snowballing demand for clean-label packaging and natural products is driving product utilization. Additionally, the hectic schedules of people globally are set to further boost the consumption of fresh-cut fruits & vegetables.

Need for alleviating contamination of food products to augment demand for washing equipment

Washing processing equipment segment was valued at more than USD 45 billion in 2022 as a result of the mounting need for reducing contamination that causes food product deterioration. Separation of heavy materials through gravity, flotation, picking, screening, dewatering, and others provides effective cleaning of fresh-cut produce, including lettuce and cabbage. This has encouraged companies to opt for washing equipment, which is speculated to benefit segment expansion over 2023-2032.

Browse key industry insights spread across 450 pages with 495 market data tables and 30 figures & charts from the report “Processed Fruits & Vegetables Market Statistics, Type (Fruits, Vegetables), Product (Fresh, Fresh-cut {Fruit Mix, Apples, Mangoes, Trays, Pineapples, Bananas, Melons}, Canned, Frozen, Drying & Dehydration), Processing Equipment (Pre-Processing, Processing, Washing, Filling, Seasoning, Packaging), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023 – 2032”, in detail along with the table of contents:

Soaring migrant population to promote MEA region processed fruits & vegetables industry landscape

Middle East & Africa processed fruits & vegetables market is estimated to grow at more than 5.5% CAGR from 2023 to 2032. The region may emerge as a major hub for this industry owing to a substantial upsurge in disposable incomes of people and an increasing migrant population. This has elevated the consumption of different native cuisines and novel products, thereby pushing the regional market growth. Notably, the food imports in GCC reached USD 53.1 billion in 2020 and are primed to increase in the coming years.

Innovation in food product and services to remain a key growth strategy

The strategic landscape of the processed fruits and vegetables industry is expected to witness a series of product development, R&D initiatives, and partnerships with food & beverage companies by industry players. For instance, in September 2020, Sysco Corporation, an American packaged food distributor, launched Foodie Solutions, an innovative platform created to support foodservice operations. The platform was designed to meet the increased demand for delivery and alternative dining options by utilizing toolkits such as Virtual Kitchens, Grab & Go Foods, and more to gain a competitive advantage. Some key players mentioned in the processed fruits & vegetables market report include U.S. Foods, Sysco Corporation, Total Produce, Dole Foods, Bonduelle, and Agrana, among others.

Authors: Kunal Ahuja, Tushar Malkani

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