The global processed fruits market is set for remarkable expansion, driven by shifting consumer lifestyles, increasing demand for convenient food options, and the rising popularity of various processed fruit products.
The market, which was valued at USD 357.15 billion in 2023, is projected to nearly double, reaching USD 683.42 billion by 2031. This significant growth translates to a Compound Annual Growth Rate (CAGR) of 8.45% over the forecast period of 2024 to 2031.
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Market Overview Of processed fruits market
Processed fruits encompass a wide variety of products, including juices, jams, jellies, preserves, canned fruits, dried fruits, frozen fruits, and fruit purees. The market's robust growth is underpinned by several factors. The most prominent driver is the urbanization and busy schedules of consumers globally, which necessitates quick and easy meal and snack solutions.
Processed fruit products offer extended shelf life and year-round availability, regardless of seasonal limitations, making them highly attractive to both consumers and the food service industry.
Furthermore, the growing awareness of the nutritional benefits of fruits, combined with the food industry's continuous innovation in product development (such as reduced-sugar and fortified fruit snacks), is contributing to higher adoption rates. The rising demand for natural ingredients in the beverage and dairy sectors also fuels the utilization of fruit purees and concentrates.
Market Segmentation Of processed fruits market
The processed fruits market is typically segmented based on product type, application, and distribution channel:
- By Product Type: This segment includes Dried/Dehydrated Fruits (like raisins, apricots, and prunes), Canned Fruits (such as peaches, pineapples, and cherries), Frozen Fruits (berries, mangoes, and mixed fruits), Fruit Pulps & Concentrates, and Jams & Jellies. Fruit Pulps & Concentrates often hold a significant market share due to their extensive use as fruit ingredient solutions in beverages, confectionery, and dairy products.
- By Application: Major applications include Beverages (juices, smoothies), Bakery & Confectionery, Dairy & Desserts (yogurts, ice creams), and Ready-to-Eat (RTE) Meals/Snacks. The Beverages segment is a dominant category, consuming large volumes of processed fruit, particularly concentrates.
- By Distribution Channel: This includes Supermarkets/Hypermarkets, Convenience Stores, Online Retail, and Business-to-Business (B2B) sales to food and beverage manufacturers.
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Key Players Of processed fruits market
- ADM (U.S.)
- Sysco Corporation (U.S.)
- Conagra Foodservice, Inc. (U.S.)
- Royal Ridge Fruits (U.S.)
- Capricorn Food Products India Ltd. (India)
- ALFA LAVAL (Sweden)
- Tricom Fruit Products Limited (India)
- Capuzzo S.r.l. (Italy)
- Freudenberg Group (Germany)
- Saraf Foods Ltd (India)
- Mysore Fruits (India)
- Rhodes Food Group (South Africa)
- Del Monte (U.S.)
- MANDAR FOOD PRODUCTS (India)
- AOHATA CORPORATION. (Japan)
- Reid Produce Co. (U.S.)
- Speyfruit Ltd. (U.K.)
- PACIFIC COAST FRUIT COMPANY (U.S.)
- Washington Fruit & Produce Co (U.S.)
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Forecast Outlook
The processed fruits market is experiencing an accelerated phase of expansion, fundamentally driven by the global consumer's demand for convenience, health-conscious snacking, and the versatile application of fruit ingredient solutions across the food and beverage industry.
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