Worldwide Fruit Processing Market Expected to Grow at CAGR of 7.60% by Forecast to 2023

Tue Apr 17, 2018 - 6:45am UTC

Global Fruit Processing Market Research Report: by type (fresh, fresh cut, canned, frozen, others), by processing equipment (preprocessing, processing, washing & dewatering, filling, seasoning, packaging), operation (Automatic, semi-automatic), and region – Forecast to 2023

pune, India – April 17, 2018

Market Overview:
Global Fruit Processing Market is expected to grow at the CAGR of 7.60% during the forecast period. Fruits are processed so as to increase the shelf life of fruits, fruit processing involves various stages such as procurement & transportations, primary processing, secondary processing, wholesale trade and retailing. Various processed fruits types are available in market such as frozen fruits, fresh fruit cuts, and dry fruits. 

Global fruit processing market is anticipated to be driven by the increasing demand of convenience food both in developed and developing economies over the past few years. The changing lifestyle leading to evolving dietary patterns and spending habits of consumers which led to the surge in sale of convenience food. Also, increasing number of working women in developing economies will positively impact the demand for processed fruits during the forecast period.

Moreover, the advancement of fruit processing technology is anticipated to create extra spaces among the fruit processing manufacturers. Food service industry is witnessing a substantial growth over the last few years which in turn intensifies the demand for processed fruit which is anticipated to be a key driver in the processed fruit market. In addition, government of various developing countries have formulated several schemes for small and medium enterprises to provide the financial support and aid for establishing modern infrastructure.

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Key players in the global fruit processing market are emphasizing on increasing their investments on new product development and improved product formulation in order to extend the product line. Also, the companies are inclined to increase their footprint across the world by acquiring local and regional players. Apart from that, the companies are introducing their products in the developing economies in order to penetrate in the untapped market.

Major Key Players:
This report includes a study of strategies such as mergers and acquisitions, product launches, partnerships & joint ventures, and expansion & investments by the major Fruit Processing market players. It further includes product portfolios, developments of leading major players which includes

ConAgra Foods, Inc. (U.S.)
Del Monte Foods, Inc. (Singapore)
Nestle S.A. (Switzerland)
Dole Food Company, Inc. (U.S.)
The Kroger Company (U.S.)
Gourmet Foods International (U.S.) and
Safeway, Inc. (U.S.)

Key Findings:
Europe region will witness high demand for canned, processed fruits in upcoming years.

The major destinations for Indian processed fruits are UAE, Bangladesh, Malaysia, the Netherlands, Sri Lanka, Nepal, U.K and Saudi Arabia

Segments:
The global fruit processing market is segmented into type, form, and packaging.

On the basis of the type, it is segmented into fresh, fresh cut, canned, frozen, dried, and others. Among all, the fresh processed fruits dominate the market followed by frozen fruits owing to increasing demand for convenient food items.

On the basis of the processing equipment type, it is segmented into pre-processing, processing, washing & dewatering, filling, seasoning, packaging. Among all, the packaging equipment type will witness a higher growth rate compared to others.

On the basis of the operation type, it is segmented into automatic and semi-automatic in which the automatic segment is dominating the market due to innovation in technology.

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Regional Analysis:
The global fruit processing market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these, North America accounted the highest market proportion in the global fruit processing market in the year of 2016. The region is estimated to register a decent CAGR during the forecast period of 2017 -2023. This is attributed by the massive development of food technology coupled with the increasing per capita disposable income. However, Asia Pacific region is projected to witness highest CAGR during the reviewed period of 2017-2023. China & India are the lucrative destination among the fruit processing manufacturers owing to the higher production capability of both the countries. Also, the demand for processed fruit is rising in the developing economies in Asia Pacific which is anticipated to be the strategic factor for the massive growth of fruit processing in the Asia Pacific region during the forecast period.

Contact Info:
Name: Abhishek
Organization: market research future
Address: Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune – 411028 Maharashtra, India
Phone: 6468459312

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