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The processed vegetable market size is valued to increase USD 89.9 billion, at a CAGR of 11.04% from 2023 to 2028. Increasing demand for processed vegetables will drive the processed vegetable market.
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The processed vegetable industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The canned vegetables segment is estimated to witness significant growth during the forecast period.
In the ever-evolving the market, canned vegetables hold a significant position, accounting for the moderately processed vegetable category. These vegetables, which include peas, carrots, and corn, among others, retain a substantial amount of their nutritional value during the canning process. The canning technique, which involves vegetable blanching, sterilization validation, and microbial contamination control, ensures spoilage prevention and extended shelf life. The industry's focus on waste reduction strategies, such as juice extraction and concentration processes, and energy efficiency improvements, is a testament to its commitment to sustainability. Moreover, the adoption of advanced techniques like high-pressure processing, pasteurization methods, and modified atmosphere packaging, has led to product safety standards that prioritize texture analysis methods, sensory evaluation parameters, and color stability.
The market's ongoing activities include process optimization strategies, such as enzyme inactivation, filtration techniques, and pulping technology, to enhance food preservation techniques. PROFEL, an influential European Union organization, reports that its members produce almost 2 million tons of canned vegetables annually, underscoring the market's continuous growth.
The Canned vegetables segment was valued at USD 39.90 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 36% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Processed vegetables have gained significant traction in the Asia Pacific (APAC) region, with China, Japan, and Australia being major markets. Key players in this market include Del Monte and Mitsubishi Corporation (Mitsubishi). The consumption of canned food is on the rise, particularly in China, which is becoming a leading consumer of processed vegetables globally. China is projected to remain a significant exporter and consumer of frozen vegetables throughout the forecast period. The demand for processed vegetables in China is escalating due to factors such as the rise in childhood obesity, driven by unhealthy diets, and the increasing emphasis on health and well-being.
Processed vegetables offer a convenient and nutritious alternative, making them an attractive choice for consumers in this health-conscious era.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market is a significant sector in the global food industry, with continuous growth driven by consumer demand for convenient, nutritious, and high-quality food products. Processing techniques play a crucial role in preserving vegetable nutrient content, minimizing nutrient loss, and enhancing product quality. The impact of processing on nutrient content is a critical consideration. Thermal processing parameters, such as temperature and time, must be optimized to ensure maximum retention of essential vitamins and minerals. Techniques like blanching, pulping, and juice extraction are employed to minimize nutrient loss and improve product quality. Packaging is another essential factor in the market. Effective packaging solutions extend shelf life, maintain product integrity, and ensure microbial safety. Assessment of packaging material properties, such as oxygen barrier and moisture resistance, is crucial to maintaining product quality and safety. Advanced food processing technologies, including high-pressure processing and pulsed electric fields, offer improved methods for food preservation. These techniques minimize the need for high temperatures and prolong shelf life while preserving sensory attributes. Strategies for enhancing sensory attributes include techniques for maintaining texture quality, preserving color, and retaining flavor. Modeling of food processing operations is essential to optimize processing conditions and ensure consistent product quality. Microbial safety is a critical concern in the market. Evaluation of processing methods, such as blanching and high-pressure processing, is essential to ensure effective microbial reduction. Strategies for minimizing waste and reducing processing costs are also essential to maintaining competitiveness in the market. In conclusion, the market is a dynamic and evolving industry that requires continuous innovation and improvement. Processing techniques, packaging solutions, and advanced technologies all play a crucial role in delivering high-quality, nutritious, and convenient vegetable products to consumers.
The processed vegetable market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the processed vegetable market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Processed Vegetable Industry
Companies are implementing various strategies, such as strategic alliances, processed vegetable market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Amazon.com Inc. - This company specializes in the development and distribution of innovative sports products, catering to various markets and consumer needs. Through rigorous research and analysis, our offerings aim to enhance athletic performance, promote health and fitness, and provide unique solutions for diverse customer segments. Our commitment to quality and continuous improvement sets US apart in the competitive sports industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Processed Vegetable Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
180 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.04% |
Market growth 2024-2028 |
USD 89.9 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
9.65 |
Key countries |
US, China, UK, Germany, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What is the expected growth of the Processed Vegetable Market between 2024 and 2028?
USD 89.9 billion, at a CAGR of 11.04%
What segmentation does the market report cover?
The report is segmented by Product (Canned vegetables, Frozen vegetables, and Fresh-cut vegetables), Distribution Channel (Hypermarkets and supermarkets, Independent retailers and convenience store, Speciality food stores, and Online retailers), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)
Which regions are analyzed in the report?
APAC, North America, Europe, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Increasing demand for processed vegetables, Threat from unorganized players and intense competition among vendors
Who are the major players in the Processed Vegetable Market?
Amazon.com Inc., Archer Daniels Midland Co., Ardo Coordination Center NV, B and G Foods Inc., Charoen Pokphand Foods PCL, Conagra Brands Inc., Cooperatie Koninklijke Cosun UA, Dole plc, Farmers Market Foods Inc., J.D. Irving Ltd., Libbys Brand Holding, Mitsubishi Corp., Ninos Fresh Cut Fruit and Veg LLC, NutriAsia Inc., Del Monte Pacific Ltd., Seneca Foods Corp., Smith Frozen Foods Inc., Sprouts Farmers Market Inc., Sysco Corp., and The Fresh Gourmet Co.
We can help! Our analysts can customize this processed vegetable market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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