Market Overview
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.
Market Forecast
Global fruit processing market is anticipated to be driven by the increasing demand for 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 is also positively impacting the demand of fruit processing market during the forecast period.
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Moreover, the advancement of fruit processing technology is anticipated to create extra spaces among the processed fruits 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 fruit processing market, especially from the regions where fresh fruits are not easily available. 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.
Downstream analysis-
Among all the product type, canned fruit is estimated to account maximum market proportion in 2017. Also, the segment is projected to exhibit moderate growth during the forecast period. However, frozen segment is estimated to witness high growth during the reviewed period of 2017-2023. Due to the bust life schedules of the consumer along with the increasing middle income population group in developing economies, the demand of the frozen food is escalating over the past few years. Among the operation type, semi-automatic machinery is gaining traction in the global food processing market.
Competitive analysis-
The major key players in the Fruit Processing ingredients market are
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.)
Safeway, Inc. (U.S.)
Global Fruit Processing market is highly concentrated in North America, Europe. Latin America and Middle East & Africa region offer also lucrative opportunity for the fruit processing manufacturers. Increasing per capita disposable income coupled with changing lifestyles of the consumer is anticipated to create a massive scope to the fruit processing manufacturers in the upcoming decade.
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 is accounting 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 processing 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 of 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.
Market Segmentation-
Global Fruit Processing market is segmented by product type, processing equipment type, operation type and region
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