Fruit & Vegetable Processing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 5/10/2021
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
View Full Sample Add To Cart

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, JR Simplot, Kraft Heinz, Seneca Foods and The JM Smucker Co, and divisions of large food companies such as Conagra Brands and General Mills (all based in the US); as well as AGRANA (Austria), Bonduelle (France), Del Monte Pacific (Singapore), Greenyard (Belgium), La Doria (Italy), and McCain Foods (Canada).

The worldwide fruit and vegetable processing market is estimated to reach $428 billion by 2025, according Data Bridge Market Research. Major exporters include China, the US, the Netherlands, 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 $73 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 66% of revenue.

Imports of fruit ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu

Related Profiles

Here are a few profiles related to Fruit & Vegetable Processing that you also might be interested in viewing:

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options