$370.2bn
$XX.Xbn
923k
15,776
$XX.Xbn
Global fruit and vegetable processors have steadily grown as a result of favorable consumer trends across the world. The growth in global disposable income has driven demand toward healthier and more convenient processed foods in developed countries such as the United States and the United Kingdom, where consumer trends have been slightly shifting. However, unlike the case for developed countries, this income growth has fomented demand for processed foods in developing countries like China. The industrialization of the industry in these countries has also improved distribution and production capacity to benefit the global industry. Overall, the industry has been growing at a CAGR of 2.9% over the past five years and is expected to total $370.2 billion in 2024, when revenue will climb to 3.5%.
Industry revenue has grown at a CAGR of 2.9 % over the past five years, to reach an estimated $370.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Kraft Heinz Company | 8,489.9 | N/A | N/A | |
Campbell Soup Company | 7,471.1 | N/A | N/A | |
Fresh Del Monte Produce Inc. | 339.6 | N/A | N/A |
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Industry revenue is measured across several distinct product and services lines, including Frozen fruits and vegetables, Canned vegetables and Canned fruits. Frozen fruits and vegetables is the largest segment of the Global Fruit & Vegetable Processing.
Growing middle class driving frozen fruits and vegetables growth
Operators in the Global Fruit and Vegetable Processing 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.
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Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Higher prices and production spurred growth. Increased input costs, which forced manufacturers to hike prices, combined with rising consumption and production in developing c...
Learn about an industry's products and services, markets and trends in international trade.
Health consciousness tempers juice sales. Processors respond by producing more natural fruit and vegetable juices to cater to the increasing demand for healthier beverage opt...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Populous regions provide a steady market for processors. The number of supermarkets and grocery stores tends to be higher in more populated areas, giving nearby processors mo...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Price competition prevents significant market domination. Since processed products are known for being economical, price is a considerable basis of competition for global fru...
Learn about the performance of the top companies in the industry.
No company has amassed more than 5.0% of the market. The massive global production makes it difficult for one company to accumulate a considerable market share.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
US tariffs apply to most countries, with certain free trade agreements providing exceptions. Asian and Australian tariffs focus on agricultural sector support and free trade ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit in fruit and vegetable processing varies widely. Companies with efficient operations and robust supply chains achieve better profitability, reducing costs and improvin...
Including values and annual change:
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The market size of the Global Fruit & Vegetable Processing industry in Global is $370.2bn in 2024.
There are 15,776 businesses in the Global Fruit & Vegetable Processing industry in Global, which has declined at a CAGR of 1.8 % between 2019 and 2024.
The market size of the Global Fruit & Vegetable Processing industry in Global has been growing at a CAGR of 2.9 % between 2019 and 2024.
Over the next five years, the Global Fruit & Vegetable Processing industry in Global is expected to grow.
The biggest companies operating in the Global Fruit & Vegetable Processing market in Global are Kraft Heinz Company, Campbell Soup Company and Fresh Del Monte Produce Inc.
Canned fruit and vegetables and Canned dry bean production are part of the Global Fruit & Vegetable Processing industry.
The company holding the most market share in Global is Kraft Heinz Company.
The level of competition is moderate and increasing in the Global Fruit & Vegetable Processing industry in Global.