Operators in the Canned Fruit and Vegetable Processing industry flourished during the recession as cash-strapped consumers substituted fresh food with cheaper, premade alternatives. However, as the economy has recovered, the industry is struggling to stay afloat due to higher disposable incomes enabling consumers to once again purchase fresh foods. Despite increasing export levels, import penetration and the failure of new products to gain substantial traction will continue to hinder industry performance.
Operators in this industry purchase fruits and vegetables and process them with other ingredients to create a variety of food products including canned juices, canned soups (except seafood), jams, baby food, sauces and dehydrated fruits and vegetables. The final products are then packaged and sold to consumers at various retail channels. This industry does not include frozen fruits and vegetables, which are discussed in IBISWorld report 31141.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.