Global Fruit & Vegetable Processing
The Global Fruit and Vegetable Processing industry has stagnated as a result of offsetting consumer trends across the world. The growth in global disposable income has driven demand away from processed foods toward fresh produce in developed countries such as the United States and the United Kingdom, where consumer trends have been unfavorable for the industry. The performance of the industry in developed markets such as Europe and North America has the largest influence on the industry's global performance. As a result, the sluggish growth of the industry in these regions has been the heaviest burden on global revenue growth. Consumer shifts toward fresh products have negatively affected demand for processed fruits and vegetables. Unfavorable weather conditions have created volatility in input prices. The industry is expected to set foot on a growth path over the five years to 2024 as industry performance in developing countries increasingly drives revenue growth.
Operators in this industry process fresh fruit and vegetables into canned, bottled, preserved, frozen, dried (except sun-dried) or otherwise processed or preserved food products for human consumption. The industry also blends salt, sugar, preservatives and other ingredients with fruits and vegetables to make consumer food products. This industry does not include producers of wine (IBISWorld report C1123-GL) or vegetable cooking oils.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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