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Follow on Google News | Processed fruit and vegetables industry grows as consumer demands food with increased shelf life- The processed fruits and vegetable market is expected to experience growth as the demand for freshly cut and frozen food products grows.
This report, Fruit & Vegetable Processing Market by Product Type (Fresh, Fresh Cut, Canned, Frozen, Dried, Convenience) Key regions of growth The Asia-Pacific region is expected to record the highest CAGR during the forecast period. This is due to change in lifestyle due to improved standards of living and growing demand for convenient food products which include ready-to-eat meals like salads and soups. Furthermore, to cater to the growing demand of consumers from this market, the key players are using strategies like novel product launches and expansion and investment strategies to maintain its dominance. The processed products market was valued at around USD 188 billion in 2013, with North America having the largest market for processed fruits and vegetables. As per the market experts, over 2009 to 2014, the key players of the processed fruit and vegetables industry include the following: General Mills (U.S.), Campbell Soup Company (U.S.), and ConAgra Foods, Inc. (U.S.). Driving growth of fruit & vegetable processing equipment market The advancement in processing technology and growing investments in research by key players of fruit and vegetable industry are fuelling the growth of fruit and vegetable market. In 2014, Asia-Pacific had the largest processing equipment market for fruits and vegetables. China remains the largest producer of fruits and vegetables and therefore, several key processing companies are currently operating in this market and using processing equipment to meet the demand for processed fruit and vegetables. For further insights, click here End
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