Analysis of Processed Fruits and Vegetables Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~6% During 2023-2035 and Attain ~USD 600 Billion by 2035
Research Nester assesses the growth and market size of the global processed fruits and vegetables market which is anticipated to be on account of growing investment in food processing sector.
New York – April 18, 2023- Research Nester’s recent market research analysis on “Processed Fruits and Vegetables Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global processed fruits and vegetables market in terms of market segmentation by type, product, processing equipment, and by region.
Higher Intimation Towards Healthy Lifestyle to Promote Global Market Share of Processed Fruits and Vegetables
The global market for processed fruits and vegetables is expected to develop significantly due to the growing consumption of nutritious foods and a preference for healthy lifestyles. The consumer's food habits have changed as a result of the covid19 epidemic. As an outcome, many people eat less fresh food, especially fruits and vegetables, and conventional buying groceries forms and locations are becoming uncommon. They have been supplanted by more processed goods such as snack foods, which are expected to increase the market for processed fruits and vegetables in the future. Moreover, rising awareness among consumers related to processed food, as they are easy to eat, and store as compared to fresh food.
Besides this, the rising export of processed fruits and vegetables followed by growing investment intake in the food processing sector is one of the major factors driving the demand for processed fruits and vegetables. India exported processed food worth USD 5,559.84 million in 2021-2022, which comprised mango pulp worth USD 124.11 million, processed vegetables amounting to USD 534.98 million, processed fruits, juices, and nuts of around USD 486.58 million, and other commodities. Furthermore, from April 2021 to March 2022, the Food Processing Industry in India received around USD 700 million in FDI equity. From April 2000 to September 2022, the food processing industry drew around USD 10 billion in FDI.
Some of the major growth factors and challenges that are associated with the growth of the global processed fruits and vegetables market are:
• Rise in the Wastage of Fresh Fruits & Vegetables
• Higher Trade of Processed Fruits and Vegetables
There are various health issues associated with consuming processed food and vegetables. Washing, cleaning, grinding, cutting, chopping, heating, pasteurizing, blanching, boiling, canning, freezing, drying, dehydrating, mixing, or packing are all the various steps of processing. The food undergoes so many treatments that alters the way they were originally produced. Furthermore, additives, flavorings, nutrients, and other chemical compounds, as well as authorized elements such as salt, sugar, and fat, may be added. As a result, their naturally occurring nutrients are reduced and additional sugar or salt may raise the risk of high blood pressure and diabetes.
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The global processed fruits and vegetables market is divided into fruits and vegetables. The fruits segment is expected to generate the most revenue by the end of 2035, expanding at a considerable CAGR during the forecast period. The segment's rise can be ascribed to an increase in the number of individuals devouring more fruits, followed by an improvement in the number of people being health conscious. Furthermore, the overall flavor of fruits makes them appealing to veggies. In America, roughly 9% of people take the necessary daily dose of veggies, and approximately 11% of adults consume the recommended daily amount of fruit. Most fruits, on the other hand, barely endure about 4 days after being sliced. Furthermore, humidity and high temperatures cause fruits to spoil within a few hours of being cut. As a result, demand for processed fruits is expected to rise, pushing market growth even more.
By the end of 2035, the North American processed fruits and vegetables market is to generate the highest revenue. The market growth in the region is expected on account of higher demand for processed fruits and vegetables which has increased the import of the fruits and vegetables, as well. People are becoming more conscious about the benefits of consuming fruits and thus spending more on its purchase. In 2020, about 35% of Americans purchased ready-to-eat meals. This could be due to the rising standard of living in the region. Furthermore, a big number of Gen-Z are expected to live independently, and so demand among them is expected to rise, driving the market growth.
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This report also provides the existing competitive scenario of some of the key players of the global processed fruits and vegetables market which includes company profiling of GEA Group AG, Krones AG, Heat and Control, Inc., Finis, Inc, Conagra Brands, Inc., Greenscore Group Plc, Nestle S.A, The Kraft Heinz Company, Agrana AG, and Anko Food Machine Co, Ltd.
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