Processed vegetables are usually vegetables which are available within the able to eat formats. Vegetables are usually processed after harvesting so that nutrients can be locked for the longer period of time.Global processed vegetable market is set to witness a substantial CAGR of 9.15% in the forecast period of 2019 -2028. Expanding e- commerce platform and increasing vendors selling processed vegetables are the factor for the marker growth.Strong demand for organic foods with use of natural flavors ingredients due to rise in health consciousness and favorable government policies will augment the merchandise penetration.
Top Driver: Growing demand for ready to eat food will drive the market growth
Rising awareness about the health benefits of processed vegetable will also enhance the growth of this market in the forecast period. Longer shelf-life of processed food like canned foods offer the convenience factor which act because the major growth drivers for the industry. The changing consumer patterns in terms of dietary habits thanks to the influence of Western culture have also fueled the demand for fruits and vegetable processing market. New development , high investment in R&D and growing demand within the developing world are growth opportunities for the canned foods industry. Increasing offerings of processed vegetable under halal category will also impact the market growth positively. Increasing availability of processed vegetable online is another factor boosting the market growth
Canned vegetables to Make Crucial Contribution for Growth of Global Processed vegetables
The growing demand for processed vegetables has led to the growth of the canned vegetables segment. Canning can retain a significant amount of the nutritional value of vegetables.
Market growth in this segment will be slower than the growth of the market in the frozen and fresh-cut vegetables segment. Fresh vegetables packaged into cans, thermoform, sealed trays, and other casing solutions after preliminary quality control processes are processed vegetables. They are available in the ready-to-eat format. Nutrients in processed vegetables are retained for a longer time compared with the fresh ones. Fresh vegetables tend to lose their nutritional value over time during shipping and shelving. Hence, they are processed within a few hours of harvest to lock their nutrients for a longer duration
As per the Application The oil & gas industrial application segment dominated the worldwide TDLA demand and was valued at over USD 85 million in 2015 which may be attributed to the rising demand for the low concentration gas detection and sophisticated hydrocarbon gas detection across process activities in oil fields and therefore the petrochemical industry.
North America dominated to witness fastest growth in Global Processed vegetables Market
North America dominated the fruit and vegetable processing market in 2015. There is a high consumption of frozen fruits and vegetables in the United States and Canada. However, due to the increasing health awareness, consumers are expected to shift toward fresh produce in the long run. Demand for processed fruits and vegetables have grown strongly in the developing countries of Asia-Pacific over the past five years.
Asia Pacific will generate notable gains at around 7.5% CAGR from 2019 to 2028. Innovative and convenient fruits and vegetables ingredient solutions are offered to food processing companies amid increasing count of supermarkets within the region, is proliferating the industry growth. Strong demand for dried fruits owing to increasing per capita income and availability of imported products will promulgate the product penetration. Aspects such as large geriatric population particularly in Japan, economic growth, and busier schedules, and urbanization positively influence the industry advancement.
Players to Focus on Processed vegetables Market
Few of the major competitors currently working in the global processed vegetable market Conga Brands, Inc.; Loam International; The Kraft Heinz Company; The Kroger Co; Sara Foods Ltd; AGRANA Beteiligungs-AG; ADINATH AGRO PROCESSED FOODS PVT. LTD.; Industrial Fruit & Vegetable Ingredients; YSM Biotech International; Loerie Processed Veg; AOHATA CORPORATION; Bemis Company, Inc; Shimlahills; KAGOME Australia Pty Ltd; Tarai Foods Limited; Bonduelle; among others.
Bonduelle: In July 2018, Bonduelle announced the acquisition of Del Monte processed fruit and vegetable business with Conagra Brands Inc. This acquisition will help the company to enhance their production capabilities and will help them to enhance their product portfolio. This will also strengthen their processed fruit and vegetable business and supply better products to their customer
SpartanNash : In November 2016, SpartanNash announced the acquisition of fresh cut fruits and vegetables business of Caito Foods Service and logistics business of Blue Ribbon Transport. Through expanding into the fast-growing freshly prepared centerplate and side dish markets, the acquisition would boost SpartanNash’s product offerings to its existing customer base. This will strengthen their position in the market and meet the rising demand of their customers by providing them high quality products
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