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    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
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    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 ...

     
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