Global Market Insights, Inc. has announced the launch of Processed Fruits and Vegetables Market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.
Rapid expansion of advanced fruits and vegetables processing centers will also provide positive business outlook for manufacturers. These facilities are capable of manufacturing juices, pickles, tomato juice, dried & dehydrated finished products, ketchup & paste, jams, jellies, marmalades and semi processed fruits. This allows manufacturers to enhance its production capabilities as these centers can handle many products without major alterations.
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As per industry trends, fruits & vegetables processing technology should be in line with material resources, capital and labor for developing countries. This means quantity of goods produced and distribution channel are only considered which will help in producing region specific products. However, implementation of international trade agreements such as NAFTA and MERCOSUR will significantly impact overall growth of processed fruits & vegetables market.
Fresh produce segment accounted for over 30% share of overall market. According to FAO, United States dominates international trade of fresh produce accounting 18% of overall trade. Growing urban population, changing consumer perception about food quality & safety and increase in urban purchasing power have led to shift away from staple carbohydrates foods towards fresh produce products. Most of the fresh produce come from rural areas. Due to expansion of cities, length of rural-urban supply chain has increased. This has led processed fruits & vegetables manufacturers to sign agreements with farmers to ensure better availability and consistency of raw materials.
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Pre-processing equipment will witness significant gains at over 6.5% in the projected time frame in the overall processed fruits & vegetables market growth. Pre-processing equipment allows rapid cooling of fresh produce following harvest which will restrict deterioration and maintain fresh produce products in a condition acceptable to processed fruits and vegetable manufacturers. This will help manufacturers to develop fresh quality products in order to cater quality product demand from consumers.
North America is anticipated to surpass USD 123 billion in the overall processed fruits and vegetables market by 2025. The U.S. is the largest market for organic foods and beverages in the world, thus creating new business opportunities for manufacturers in the region. Growing consumer interest in organic chocolate in this region will help to promulgate industry growth.
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Processed fruits and vegetables market is competitive in nature owing to presence of several global and regional players. Major companies present in the industry include SVZ, Sysco Corporation, Archer Daniels Midland Company, Conagra Foods and Nestle. Other notable players include B&G Foods, Pinnacle Foods, Bunge, and Agrana.
Production capacity enhancement, product development, supply chain agreements, and mergers & acquisition are among key strategies adopted by major industry players. For instance, in February 2019, SVZ USA announced that it had increased production capacity in Othello, to meet the growing demand of customers for processed fruits and vegetables in North America region.
Partial Report Content:
Chapter 1. Methodology & Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.2. Data sources
Chapter 2. Executive Summary
2.1. Processed fruits & vegetables industry 3600 synopsis, 2013 – 2025
2.1.1. Business trends
2.1.2. Type trends
2.1.3. Product trends
2.1.4. Application trends
2.1.5. Regional trends
Chapter 3. Processed Fruits and Vegetables Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2025
3.3. Industry ecosystem analysis
3.4. Technology landscape
3.5. Raw material trends
3.6. Consumer buying behavior
3.7. Regulatory landscape, by region
3.8. Pricing analysis, 2013 – 2025
3.9. Global processed food industry outlook, 2018-2025
3.10. Industry impact forces
3.11. Growth potential analysis, 2018
3.12. Competitive landscape, 2018
3.13. Porter’s analysis
3.14. PESTEL analysis
Chapter 4. Processed Fruits and Vegetables Market, By Type
4.1. Global processed fruits & vegetables market share by type, 2018 & 2025