Strong presence of health-conscious consumers to bolster global Processed Fruits & Vegetables Market outlook over 2021-2027

Global processed fruits & vegetables market share is projected to grow at a commendable rate over 2021-2027. This is driven by the rising preference for convenience and canned food products, alongside the strong focus on health and wellness among consumers. Likewise, the rapid innovations in the processed fruit sector and the rising inclination towards plant-based foods will drive the demand for fruits and vegetables processing equipment over the forthcoming years.

Imports of processed fruits and vegetables have increased steadily in Europe over the past years, with a considerable share of imports from Germany, the UK, France, and the Netherlands. This, coupled with the high awareness among consumers regarding the health benefits of canned tropical and frozen fruits, will also serve as a factor contributing to industry expansion.

As per Global Market Insights, Inc. estimates, the Processed Fruits & Vegetables Market size crossed USD 280 billion in 2020 and is estimated to grow at over 7% CAGR from 2020 to 2027.

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Apart from the incorporation of additives, food processing comprises basic technologies like freezing to remove toxins and preserve nutrients in natural foods. Freezing, often classified as minimal processing, enables fruits and vegetables to retain their nutrients without degradation, making it a sought-after method for processed fruits and vegetables.

On the basis of type, the processed fruits & vegetables market from the vegetables segment is poised to exhibit a CAGR of nearly 7% through 2027. This is attributable to the increasing consumption of packaged vegetables and salads, which are an excellent source of fibers, minerals, proteins, and vitamins.

Fresh cut products are set to emerge as a prominent segment for the processed fruits & vegetables industry, given the strong demand for fresh-cut products from the hotel and food service sector to reduce preparation time. The global processed fruits & vegetables market from the fresh-cut fruit segment is likely to expand at a CAGR of over 7.5% through 2027. This can be credited to the growing product intake as a convenient, on-the-go, and healthy snacking option, in addition to benefits like freshness, high nutritional value, and absence of preservatives.

With regards to processing equipment, the processed fruits & vegetables market from the filling segment will record revenue of above $40 billion by 2027. This can be attributed to the myriad usage advantages of the equipment, including increased production speed, limited labor requirement, reliability on automation, and consistency.

From a regional perspective, the Asia Pacific processed fruits & vegetables industry is poised to depict around 7.5% CAGR through 2027. This is a result of the rising per capita income, changing food habits, high purchasing power, and the growing number of working women who prefer convenient and ready-to-eat foods in developing nations like the Philippines, China and Indonesia. In addition, the significant expansion of retail store, hypermarket, and supermarket presence will further augment the demand for processed fruit and vegetable products in the APAC region.

North America processed fruits & vegetables industry is also is likely to register commendable revenue share by 2027. This is due to the surging intake of healthy and ready-to-eat foods, including canned beans, packed salad, and frozen products in the region.

Key players operating in the processed fruits & vegetables market include Agrana, Jr. Simplot, Ardo Seneca, U.S. Foods, Dole Foods, Bonduelle, Sysco Corporation, and Total Produce. These companies are focusing on various strategic initiatives, such as partnerships and new product developments, to boost their product portfolio in the global market.

Processed food products have emerged as a healthy alternative for direct consumption among the ever-increasing working population worldwide. As a result, the strong focus on maintaining a healthy lifestyle, high purchasing power, changing eating habits, and awareness about the health benefits of minimally processed foods will trigger processed fruits & vegetables market expansion in the years ahead.

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