Global Processed Fruits and Vegetables Market

Processed Fruits and Vegetables Market Size, Share, Growth Analysis, By Product(Dried, Canned, Frozen), By Distribution Channels(Offline and Online), By Region - Industry Forecast 2024-2031


Report ID: SQMIG30C2114 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 61 |Figures: 77

Processed Fruits and Vegetables Market Insights

Global Processed Fruits and Vegetables Market size was valued at USD 80.3 Billion in 2022 and is poised to grow from USD 12.65 Billion in 2023 to USD 42.35 Billion by 2031, growing at a CAGR of 4% in the forecast period (2024-2031).

Anticipated market growth in the upcoming years is poised to benefit from multiple drivers, prominently propelled by the rapid expansion of the processed food industry and amplified spending on food products, particularly in the realm of packaged vegetables. The surge in demand for processed vegetables in emerging economies mirrors the continuous development of novel products coupled with enticing packaging strategies, effectively capturing consumer attention.

The anticipated expansion of the global market is intricately tied to several key demographic and societal shifts forecasted for the coming years. Among these influential factors is the projected growth of the middle-class population on a global scale. This upward trajectory, coupled with rising disposable incomes, serves as a potent catalyst driving market expansion. Concurrently, the ongoing wave of urbanization sweeping across various regions worldwide adds impetus to this growth.

Market Snapshot - 2024-2031

Global Market Size

USD 80.3 Billion

Largest Segment

Online

Fastest Growth

Offline

Growth Rate

4% CAGR

Global Processed Fruits and Vegetables Market ($ Bn)
Country Share for North America Region (%)

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Processed Fruits and Vegetables Market Segmental Analysis

The global processed fruits and vegetables market is segmented on the basis of product, distribution channels and region. By product, the market is segmented into dried, canned, frozen. By distribution channels, the market is segmented into offline and online. By region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.

Analysis By Distribution Channel

The online segment emerges as the frontrunner, poised for rapid growth and projected to exhibit the fastest CAGR within the market landscape. This surge is intricately tied to the substantial increase in global internet usage witnessed in recent years, which has notably propelled the exponential growth of the e-commerce industry worldwide. The market's upward trajectory is further fueled by the extensive online presence of numerous goods producers leveraging websites and e-commerce platforms.

The offline channel asserts its dominance within the global market, particularly in the realm of consumer goods, groceries, and processed foods. Consumers favor this channel due to the opportunity it affords them to personally inspect goods before making a purchase, a critical aspect in their decision-making process. Furthermore, several elements are poised to bolster the expansion of this segment in the coming years.

Analysis By Product

The canned product sector stands tall as a dominant force, showcasing remarkable prevalence and influence. Forecasts for the upcoming period suggest sustained growth, primarily propelled by the burgeoning popularity of canned goods. Concurrently, a significant driver fueling this expansion is the escalating consumer focus on health concerns.

The frozen segment emerges as a frontrunner poised for rapid growth, projected to exhibit the fastest CAGR within the market landscape. Consumer accessibility to frozen vegetables through retail channels underscores their practicality, nutritional value, and health benefits, contributing significantly to their appeal. Moreover, the burgeoning popularity and increased demand for frozen foods represent substantial drivers propelling market expansion. Concurrently, the ascending disposable income among consumers plays a pivotal role in fueling this growth trajectory. The confluence of these factors not only amplifies the consumer preference

Global Processed Fruits and Vegetables Market By Distribution Channel, 2023 (%)

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Processed Fruits and Vegetables Market Regional Insights

North America stands as the dominant force within the global market, maintaining a stronghold driven by rapid growth fueled by dynamic shifts in consumer lifestyles, particularly the heightened emphasis on health and wellness. This evolving consciousness among consumers has led to a marked surge in the consumption of packaged food items, predominantly in the United States and Canada. The increasing recognition of vegetables for their exceptional nutritional value and low-calorie content has been a pivotal factor propelling this surge.

The Asia Pacific emerges as a powerhouse poised for rapid growth, anticipated to exhibit the fastest CAGR within the market landscape. This surge in demand for processed and frozen vegetables is propelled by the substantial consumer bases in key countries such as China, India, and Japan. These nations boast sizable populations, contributing significantly to the escalating demand for these food products.

Global Processed Fruits and Vegetables Market By Region, 2024-2031
  • Largest
  • Fastest

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Processed Fruits and Vegetables Market Dynamics

Drivers

Increasing Demand from Foodservice Industry

  • The foodservice industry stands as a significant consumer of processed and frozen vegetables, drawn to their inherent cost-effectiveness and convenience in catering to large-scale vegetable requirements. These products offer an efficient solution for foodservice establishments, enabling them to effortlessly incorporate vegetables into their menus in sizable quantities. The escalating demand for processed and frozen vegetables within the foodservice sector serves as a compelling driver propelling market growth.

Restraints

Seasonal Availability

  • Processed and frozen vegetables, despite their extended shelf life, remain intrinsically reliant on fresh produce as their primary raw material. This dependence exposes these products to the inherent constraints of seasonal variations and weather conditions impacting agricultural yields. The availability of specific vegetables is intricately tied to their seasonal growth patterns, subjecting the supply chain to fluctuations based on climatic conditions. Consequently, the impact of seasonality or adverse weather can significantly affect both the supply and cost of processed and frozen vegetable products.

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Processed Fruits and Vegetables Market Competitive Landscape

The competitive environment of the global Processed Fruits and Vegetables Market is characterized by a dynamic interplay of key players and evolving strategies within the food processing industry. Innovation is a key competitive factor. smaller and niche players are making a notable impact by focusing on specialized solutions and offering customizable blends to cater to specific meat processing needs. This diversity within the market allows food processors to select tailored solutions that align with their specific requirements.

Top Player’s Company Profiles

  • Pinnacle Foods
  • B&G Foods, Inc.
  • McCain Foods Limited
  • H.J. Heinz Company
  • Nestle SA
  • Unilever Group
  • The Kraft Heinz Company
  • Simplot Food Group
  • Lamb Weston Holdings, Inc.
  • Greenyard NV
  • Seneca Foods Corporation
  • Birds Eye
  • Dole Food Company, Inc.
  • J.R. Simplot Company
  • Bühler AG
  • Givaudan SA
  • Olam International Limited
  • Ardo NV
  • D'Arrigo Bros. Co. of California

Recent Developments

  • In March 2023, McCain Foods Inc., renowned as the world's foremost producer of french fries, unveiled plans for a substantial investment totaling USD 600 million aimed at expanding the dimensions of its potato processing facility located in southern Alberta. This strategic move underscores the company's commitment to bolstering its production capacity, positioning itself to meet the escalating global demand for its iconic french fry products.

Processed Fruits and Vegetables Key Market Trends

Longer Shelf Life

  • The extended shelf life characteristic of processed and frozen vegetables carries significant advantages for retailers and food manufacturers alike. This longevity allows for prolonged storage and transportation of products without succumbing to spoilage, thereby mitigating the costs associated with food waste and product deterioration. Additionally, this extended shelf life empowers retailers and manufacturers to uphold a consistent supply chain, ensuring a steady availability of products for consumers.

Processed Fruits and Vegetables Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global processed fruits and vegetables market analyses, the surge in the processed food market finds its impetus in the escalating need for convenience, intricately woven into the fabric of modern, fast-paced consumer lifestyles. The concurrent rise in per-capita income has further fueled a heightened demand for ready-to-eat and on-the-go food items, triggering an upswing in the market for processed fruit and vegetable products. This shift in consumer preferences is notably influenced by bustling lifestyles prevalent across major urban centers and other regions, where individuals prioritize efficiency and seek to curtail frequent visits to retail outlets to save valuable time.

Report Metric Details
Market size value in 2023 USD 80.3 Billion
Market size value in 2031 USD 42.35 Billion
Growth Rate 4%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Dried, Canned, Frozen
  • Distribution Channels
    • Offline and Online
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Pinnacle Foods
  • B&G Foods, Inc.
  • McCain Foods Limited
  • H.J. Heinz Company
  • Nestle SA
  • Unilever Group
  • The Kraft Heinz Company
  • Simplot Food Group
  • Lamb Weston Holdings, Inc.
  • Greenyard NV
  • Seneca Foods Corporation
  • Birds Eye
  • Dole Food Company, Inc.
  • J.R. Simplot Company
  • Bühler AG
  • Givaudan SA
  • Olam International Limited
  • Ardo NV
  • D'Arrigo Bros. Co. of California
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Processed Fruits and Vegetables Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Processed Fruits and Vegetables Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Processed Fruits and Vegetables Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Processed Fruits and Vegetables Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Processed Fruits and Vegetables Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Processed Fruits and Vegetables Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Processed Fruits and Vegetables Market size was valued at USD 80.3 Billion in 2022 and is poised to grow from USD 12.65 Billion in 2023 to USD 42.35 Billion by 2031, growing at a CAGR of 4% in the forecast period (2024-2031).

The competitive environment of the Processed Fruits and Vegetables Market is characterized by a dynamic interplay of key players and evolving strategies within the food processing industry. Innovation is a key competitive factor. smaller and niche players are making a notable impact by focusing on specialized solutions and offering customizable blends to cater to specific meat processing needs. This diversity within the market allows food processors to select tailored solutions that align with their specific requirements. 'Conagra Brands ', 'General Mills ', 'Bonduelle SCA ', 'Pinnacle Foods', 'B&G Foods, Inc.', 'McCain Foods Limited', 'H.J. Heinz Company', 'Nestle SA', 'Unilever Group', 'The Kraft Heinz Company', 'Simplot Food Group', 'Lamb Weston Holdings, Inc.', 'Greenyard NV', 'Seneca Foods Corporation', 'Birds Eye', 'Dole Food Company, Inc.', 'J.R. Simplot Company', 'Bühler AG', 'Givaudan SA', 'Olam International Limited', 'Ardo NV', 'D'Arrigo Bros. Co. of California'

The foodservice industry stands as a significant consumer of processed and frozen vegetables, drawn to their inherent cost-effectiveness and convenience in catering to large-scale vegetable requirements. These products offer an efficient solution for foodservice establishments, enabling them to effortlessly incorporate vegetables into their menus in sizable quantities. The escalating demand for processed and frozen vegetables within the foodservice sector serves as a compelling driver propelling market growth.

The extended shelf life characteristic of processed and frozen vegetables carries significant advantages for retailers and food manufacturers alike. This longevity allows for prolonged storage and transportation of products without succumbing to spoilage, thereby mitigating the costs associated with food waste and product deterioration. Additionally, this extended shelf life empowers retailers and manufacturers to uphold a consistent supply chain, ensuring a steady availability of products for consumers.

North America stands as the dominant force within the market, maintaining a stronghold driven by rapid growth fueled by dynamic shifts in consumer lifestyles, particularly the heightened emphasis on health and wellness. This evolving consciousness among consumers has led to a marked surge in the consumption of packaged food items, predominantly in the United States and Canada. The increasing recognition of vegetables for their exceptional nutritional value and low-calorie content has been a pivotal factor propelling this surge.

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Global Processed Fruits and Vegetables Market

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