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The processed fruits market share is expected to increase by USD 160.83 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.24%.
This processed fruits market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers processed fruits market segmentation by product (fresh cut, canned fruits, and frozen fruits) and geography (APAC, Europe, North America, Middle East and Africa, and South America). The processed fruits market report also offers information on several market vendors, including AGRANA Beteiligungs AG, Aohata Corp., Calavo Growers Inc., Capricorn Food Products India Ltd., CHB Group, Del Monte Food Inc., Delicia Foods India Pvt. Ltd., Dole Food Co. Inc., Mysore Fruit Products Pvt. Ltd., Ninos Fresh Cut Fruit and Veg LLC, Rhodes Food Group Holdings Ltd., Royal Ridge Fruits, Speyfruit Ltd, Sysco Corp., and US Foods Holding Corp. among others.
Download Report Sample to Unlock the Processed Fruits Market Size for the Forecast Period and Other Important Statistics
The increase in demand for processed fruits is notably driving the processed fruits market growth, although factors such as the side effects of chemically processed fruits and fruit products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the processed fruits industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Processed Fruits Market Driver
Key Processed Fruits Market Trend
Key Processed Fruits Market Challenge
This processed fruits market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global processed fruits market as a part of the global packaged foods and meats under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the processed fruits market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the processed fruits market encompasses successful business strategies deployed by the key vendors. The processed fruits market is concentrated and the vendors are deploying growth strategies such as quality, brand reputation, and price to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The processed fruits market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the processed fruits market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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36% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for processed fruits market in APAC. Market growth in this region will be slower than the growth of the market in Europe and North America.
The established processed fruit vendors, such as Del Monte, are strengthening their presence in India through their strong distribution network with the retailers in the country, which will facilitate the processed fruits market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 had a moderate impact on the regional market. However, in 2021, the initiation of vaccination drives by the governments of APAC countries led to the lifting of lockdown restrictions and the resumption of activities in offline retail channels. This has increased the demand for processed fruits in offline channels. Such factors are expected to drive the growth of the market during the forecast period.
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The processed fruits market share growth by the fresh-cut segment will be significant during the forecast period. Fresh-cut fruits are defined as any fresh fruits that are physically altered from their original form but remain fresh. The steps of physical alteration include minimal processing, such as washing, peeling, and cutting into pieces for the convenience of consumers. Moreover, the increasing consumer awareness about the health benefits of minimally processed fruits is the major factor driving the growth of this segment.
This report provides an accurate prediction of the contribution of all the segments to the growth of the processed fruits market size and actionable market insights on post COVID-19 impact on each segment.
Processed Fruits Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.24% |
Market growth 2022-2026 |
$ 160.83 billion |
Market structure |
Concentrated |
YoY growth (%) |
6.5 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 36% |
Key consumer countries |
US, Canada, China, India, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
AGRANA Beteiligungs AG, Aohata Corp., Calavo Growers Inc., Capricorn Food Products India Ltd., CHB Group, Del Monte Food Inc., Delicia Foods India Pvt. Ltd., Dole Food Co. Inc., Mysore Fruit Products Pvt. Ltd., Ninos Fresh Cut Fruit and Veg LLC, Rhodes Food Group Holdings Ltd., Royal Ridge Fruits, Speyfruit Ltd, Sysco Corp., and US Foods Holding Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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