Having realized the perks of being healthy, the young and geriatric populace across the world have been opting for healthy food options, creating significant growth opportunities for the global processed fruits and vegetable market. Increased demand for canned food products on account of their numerous properties such as high nutritional value and longer shelf -life has further accelerated market growth. Besides, increasing demand for ready-to-use products on account of changing lifestyle is supporting the demand for global processed fruits and vegetables market.
As per recent reports by Global Market Insights Inc. the processed fruits and vegetables market size is anticipated to exceed USD 465 billion by 2027.
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In recent years, fresh-cut products have gained significant popularity across the world. Studies suggest that the fresh-cut product segment is expected to grow at a rate of more than 6.5% CAGR by 2026. This growth can be attributed to less processing procedure and high nutritional content.
Evidently, industry participants are also utilizing several packaging techniques for maintaining freshness in fresh-cut vegetables and fruits. They are using edible coatings and MAP (Modified Atmosphere Packaging) for enhancing the shelf?life of fresh?cut fruits and vegetables.
Industry participants are using cellulose-based coating and wax coating on fresh-cut fruits and vegetables to improve the shelf life of a product, predominantly accelerating the demand for processed fruits and vegetables market growth.
On the regional front, Europe is expected to offer lucrative growth opportunities for the processed fruits and vegetables market. Studies suggest that Europe processed fruits and vegetables market is expected to record a 6.5% CAGR over the forecast period. This growth can be attributed to shifting consumer trends from eating regular meals to ready to eat meals. The increasing popularity of snacks among the younger population has further accelerated the demand for processed foods in the nation.
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The increasing demand for vegetables and frozen fruits from the European nations including Germany, UK, Ireland, Belgium, and France is expected to offer new growth opportunities for the frozen exporting nations. This growth can be attributed to a growing number of mainstream stores, particularly online stores offering frozen, canned, and fresh-cut fruits and vegetables may further accelerate the product demand in the region.
Burgeoning consumer inclination towards ready-to-eat meals, packaged, and instant food are key factors accelerating the regional market growth over the forecast period.
While talking about the regional landscape, it is pivotal to mention that the processed fruits and vegetables market has a strong presence of industry participants. These companies are undertaking several organic and inorganic growth strategies such as new product launches, acquisitions, partnerships, etc. to tap major market share.
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Notably, companies such as U.S. Foods Inc, J R Simplot Company, OLAM International, Total Produce PLC, Kroger, Sysco Corporation, Greencore Group Plc, SVZ International, Kraft Heinz Company, B&G Foods, Albertsons Companies Inc., Conagra Foods, Pinnacle Foods, Archer Daniels Midland Company, Nestle, Agrana, and Dole Food Company Inc. are currently at the forefront of processed fruits and vegetables market.
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Related Report from Other Source: Processed Fruits & Vegetables Market to hit $465 billion by 2027, Says Global Market Insights Inc.
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