Fruit & Vegetable Processing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 10/9/2017
SIC Codes: 2033, 2034, 2035, 2037
NAICS Codes: 3114
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Fruit & Vegetable Processing Industry Profile

Companies in this industry use freezing, canning, dehydrating, and pickling processes to preserve fruits and vegetables. Major companies include Dole Food, Kraft Heinz, JM Smucker, JR Simplot, Pinnacle Foods, and Seneca Foods (all based in the US); as well as AGRANA (Austria), Bonduelle (France), Del Monte Pacific (Singapore), Greenyard Foods (Belgium), La Doria (Italy), McCain Foods (Canada), and divisions of large food companies such as ConAgra and General Mills (US).

Global export revenue of processed fruits and vegetables totals about $75 billion, according to the United Nations. Major exporters include China, the US, the Netherlands, Italy, and Belgium. The US is by far the industry’s largest importer. China and India are high-growth markets for processed fruit and vegetables due to rising disposable income and large agricultural production.

The US fruit and vegetable processing industry includes about 1,900 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $74 billion.

COMPETITIVE LANDSCAPE

Demand is driven by food consumption, which depends on population growth. The profitability of individual companies depends on efficient operations, because products are commodities subject to intense price competition. Companies compete largely based on cost and their ability to distribute the finished product. Large companies have advantages in purchasing and distribution. Small companies can compete effectively in local or regional markets. The US industry is concentrated: the 50 largest companies generate about 65% of revenue.

Imports of fruit and ...

 
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