Global Fruit And Vegetables Processing Industry

1087 Words Dec 2nd, 2015 5 Pages
Overview of the global fruit and vegetables processing industry SABREENA (1 to 2 pages)
The Global Fruit and Vegetables Processing market can be defined as an industry, which emphasizes on altering fresh fruit or vegetables in order to add value for human consumption. The market comprises of canned fruits and vegetables, fruit and vegetable juices, soups, sauces and dehydrated fruits and vegetables (Global Fruit & Vegetables Processing, 2015)

The increased demands in the Global Fruit and Vegetables Processing industry can be justified by growing economies of scale and increased consumer spending. According to the report published by IBISWorld (2015) the industry revenue is forecast to grow from 0.4% to $271.3 billion in 2015,further the industry is expected to grow at an annualized rate of 3.0% over the five years from 2015 to 2020, reaching $315.0 billion (Global Fruit & Vegetables Processing, 2015)
Demands in the developed nations for Global Fruit and Vegetables Processing has been stable over the past five years (2010-2015), provided the various product options available in the market. Specifically, in Europe it can be seen that the demand for processed fruit and vegetable products is expected to remain stable over the next five years from 2015 to 2020. Industry operators in North America, Europe and Oceania are expected to increase their share of production of Global Fruit and Vegetables Processing to export markets. Hence, the overall, industry revenue is expected to…
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