The processed fruit and vegetable market currently holds a valuation of USD 74,134.8 million in 2024. With more local and indigenous companies entering the industry, this valuation is ready to jump to USD 107,500.4 million by 2034, registering a CAGR of 3.8%.
The processed fruit and vegetable industry, in the limelight of sustainable production, processing, and packaging methods, is proliferating considerably. The World Health Organization’s recommendation of consuming at least 400 grams of fruits and vegetables has changed people’s eating habits on a daily basis.
Attributes | Details |
---|---|
Processed Fruit and Vegetable Market Value for 2024 | USD 74,134.8 million |
Projected Market Value for 2034 | USD 107,500.4 million |
Value-based CAGR of the Market from 2024 to 2034 | 3.80% |
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Attributes | Details |
---|---|
Type | Fruits |
Market Share (2024) | 52.30% |
Processed fruits, for their longer shelf lives and all-year availability, are slated to hold 52.30% of the total market share in 2024. Processed fruits are in great demand, as compared to vegetables, thanks to the ongoing health and wellness trends in the general population, especially those living in urban settings.
Processing also ensures that consumers get to eat these fruits throughout the year. Transparent labeling and natural preservative practices can instill immense trust in consumers regarding processed fruits, aiding the overall growth of the market.
Attributes | Details |
---|---|
Product | Frozen |
Market Share (2024) | 25.60% |
Freezing fruits and vegetables below their optimal storage temperature can help manufacturers retain their freshness. Frozen fruits and vegetables are accounted to hold a major chunk, i.e. 25.6%, of the global market.
Frozen fruits and vegetables offer almost the same amount of taste, texture, nutrition, and flavor to the consumers seeking on-the-go consumption without compromising on the quality.
These fruits also are lighter on the pockets as compared to their fresh counterparts. This makes them a suitable choice for consumers on strict budgets or people who live with limited access to fresh produce.
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Processed fruits and vegetables are consumed all over the world. However, the market growth in countries like India, China, Germany, Japan, and the United States is better. Drawing from these statistics, it can be concluded that the demand for processed fruits and vegetables is relatively high in Asian countries. This can be attributed to their enormous population, emerging eCommerce platforms, large primary sector, and large-scale vegetarianism.
Countries | CAGR (2024 to 2034) |
---|---|
India | 8.60% |
Japan | 8.30% |
China | 7.90% |
Germany | 7.10% |
United States | 6.70% |
The market in India is slated to develop at a CAGR of 8.60% during the forecasted period. India is blessed with diverse climatic conditions where a broad spectrum of fruits and vegetables are grown.
The nation is known for its mangoes, apples, grapes, bananas, strawberries, etc. in the international market. This abundant availability of fruits and vegetables creates a conducive environment for fruit and vegetable processing companies in the nation to curate innovative offerings.
Japan is also one of the most lucrative countries in this market. It is very likely to progress at a CAGR of 8.30%. Japan, geographically, is a very small country with limited arable land for the cultivation of fruits and vegetables. This pushes Japan to import certain fruits and vegetables from the neighboring countries.
To tackle the problem of transportation time, these fruits and vegetables are often processed by keeping them in preservatives or by adding chemical additives in them. This extends the shelf-life of these products while substantially contributing to the growth of this market.
China, like India, also has a high population engaged in the primary sector. The market in China is set to progress at a 7.9% CAGR through 2034, showcasing the country’s conducive scope for players.
China is home to an enormous arable land and a substantial amount of the population is engaged in the primary sector. Due to these factors, surplus produce of fruits and vegetables is generated every year. With the growing veganism and the e-commerce boost, this produce is processed and marketed domestically and internationally.
The market in Germany is also a promising one. It is slated to inflate at a CAGR of 7.1% through 2034, making it a highly lucrative pocket for producers of processed fruits and vegetables.
Germany’s geographical proximity to Mediterranean countries, like Spain, Italy, France, Tunisia, etc., which are some of the largest producers of fruits and vegetables in the world, facilitates high-quality and fresh raw materials for fruit processing. This proximity also reduces the transportation time, bringing fresh produce to these manufacturing units.
Germany’s sport-loving community also generates unprecedented demand for healthy and organic fruits and vegetables. This will bode well for the overall market performance.
The United States is one of the most vibrant markets for processed fruits and vegetables. It is inclined to flourish at a CAGR of 6.7% through 2034.
The market in the United States is filled with companies that cater to the demands of a growing health-conscious and vegan populace. These companies also collaborate with fitness club chains to provide them with fresh fruits and vegetables.
The hospitality sector in the nation also generates huge demand for processed fruits and vegetables. The nation, every year, serves around 20 million tourists of different nationalities. Hotels and restaurants in the United States have to make sure that they have fruits and vegetables from each region on their menus.
The processed fruit and vegetable market, when seen from the marketing point of view, is a much more mature one. Numerous local and international companies have had a strong foothold in the market.
Things have drastically changed with the advent of eCommerce platforms in emerging economies. These companies are directly supplying fruits and vegetables to supermarkets and food chains.
For instance, Hessing Supervers, headquartered in Noord-Holland, Netherlands, is a company that offers a wide range of products including pre-cut vegetables, processed fruits, and meal salads, directly to supermarkets, fast food chains, wholesalers, catering companies, and inflight caterers.
Another company, Nile Agro Industries, is one of the largest companies in Egypt specializing in agricultural processing. The company concentrates on frozen vegetables, frozen fruits, juices, pickles, jams, olive oil, and vinegar.
Recent Developments
The processed fruit and vegetable market is valued at USD 74,134.8 million in 2024.
The processed fruit and vegetable market is expected to reach USD 107,500.4 million by 2034.
The processed fruit and vegetable market is developing at a CAGR of 3.80% through 2034.
Kellogg NA Co., Bühler, Welch's, Sysco Corporation, Mott's LLP, Krones AG, Bonduelle, USA Foods, Dole Foods, Jr. Simplot, etc., are some top players in the processed fruit and vegetable market.
The valuation of the processed fruits and vegetables market in 2019 was USD 63,700 million.
Estimated Size (2024E) | USD 6,855.0 million |
---|---|
Projected Value (2034F) | USD 9,763.5 million |
Value-based CAGR (2024 to 2034) | CAGR 3.6% |
Market Value for 2024 | USD 1,932.0 million |
---|---|
Projected Market Value for 2034 | USD 3,882.2 million |
Value-based CAGR (2024 to 2034) | 7.2% |
Market Size (2023) | USD 4.31 billion |
---|---|
Market Size (2033) | USD 8.24 billion |
Market CAGR (2023 to 2033) | 6.7% |
Market Value (2023) | USD 9.95 Billion |
---|---|
Market Value (2033) | USD 12.01 Billion |
CAGR (2023 to 2033) | 1.9% |
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