The Fruit and Vegetable Processing industry has grown well during the past five years. After the financial crisis and its effect on consumer spending, the industry has more than recovered as a result of strong demand for healthy products that offer busy consumers time savings. At a time when the average number of hours worked is rising and the advance of smartphones means people are ever more connected, products that come in small convenient packages so they can be eaten on the go or added to meals have become more popular. During the five years through 2014-15, industry revenue is estimated to increase at a compound annual rate of 4.7% to £4.5 billion.
Fruit and vegetable processors slice, roast, bottle, can, preserve, freeze and quick-dry fruit and vegetables. The industry’s products include jams, roasted nuts, pastes and other fruit and vegetable products. The industry also produces perishable prepared foods, including packaged salads, peeled or cut vegetables and tofu. Ready meals, crisps and chips are not covered by the industry (see IBISWorld reports C10.850 and C10.310).
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.