Fruit & Vegetable Processing Market

Market Leader - Fruit & Vegetable Processing Market

The key players in the fruit & vegetable processing market include the players from the processed fruits & vegetables market and the fruit & vegetable processing equipment market. The market for processed fruits & vegetables is dominated by Conagra Brands (US), Dole Food (US), Kroger (US), Olam International (Singapore), The Kraft Heinz Company (US), Albertsons (US) Greencore Group (Ireland), and Nestlé (Switzerland), while the market for fruit & vegetable processing equipment is dominated by key players such as Bosch (Germany), Buhler (Switzerland), GEA Group (Germany), JBT Corporation (US), and Krones (Germany). These key players focused on various business strategies such as expansions, acquisitions, new product launches, and joint ventures/partnerships/collaborations with other players to strengthen their business, explore new and untapped markets, expand in local areas of emerging markets, and develop a new customer base for long-term client relationships.

In the fruit & vegetable processing market, Conagra Brands is one of the leading players in the processed fruits & vegetables that has a robust position in this market. The company is engaged in the distribution of frozen potato and sweet potato products, other vegetables, spices, and grain products to a variety of restaurants, foodservice operators, and commercial customers. The company also produces and markets private label products. The company manages its business through five reporting segments—grocery & snacks, refrigerated & frozen, foodservice, international, and commercial. The consumer foods segment of the company offers private labeled and customized food to retail and foodservice channels, especially in North America. The commercial foods business segment offers specialty food and ingredients to restaurants, foodservice operators, and other global F&B manufacturers. The company operates through several brands such as Healthy Choice, Slim Jim, Reddi-wip, Hunt’s, Blake’s, Frontera, Alexia, Bertolli, P.F. Chang’s, and Marie Callender’s. Furthermore, acquisition is the key strategy adopted by Conagra Brands which helped it to expand its business worldwide. For instance, in September 2016, Conagra Brands acquired the packaged food business of Frontera Foods, Inc. (US) and Red Fork LLC, (US) to expand its presence in the food segment.

Bosch is one of the top companies in the fruit & vegetable processing equipment market. It is a leading global supplier of automotive components, technology, and services. Its operations are divided into four segments—mobility solutions, industrial technology, consumer goods, and energy and building technology. Bosch Packaging Technology, a subsidiary of Bosch, is a leading global supplier of process and packaging machinery and is a part of the company’s industrial technology segment. The company ensures that the packaging machinery manufactured are safe and sterile and meet the highest hygiene standards. It caters to the pharmaceutical, food, and confectionery industries, and also several sectors of the beverage industry.  In August 2016, Bosch Packaging Technology launched fill-and-seal equipment for pre-made containers. This equipment was to be applicable for liquid, viscous, and pumpable foods. In June 2016, Bosch Packaging Technology launched the new fill-and-seal machine to increase its production capacity. In addition, the company has 440 subsidiaries and regional companies in approximately 60 countries, providing services and sales across the Asia Pacific, the Americas, Europe, and Africa. It has also adopted acquisitions and new product launches as its key strategies to maintain and strengthen its leading position in the global fruit & vegetable processing equipment market. For instance, in August 2016, Bosch Packaging Technology launched fill-and-seal equipment for pre-made containers. This equipment was to be applicable for liquid, viscous, and pumpable foods. In June 2016, Bosch Packaging Technology launched the new fill-and-seal machine to increase its production capacity. In September 2015, Bosch Packaging Technology acquired Kliklok-Woodman Corporation (US), a leading manufacturer of packaging machines for the food industry. This enabled Bosch to expand its position in the food industry, particularly in the confectionery sector.

The major players in the fruit & vegetable market focus on diversifying their businesses in the Asia Pacific and South American regions due to enormous growth potential in countries such as India, China, and Argentina, where key players can explore a vast amount of agricultural produce such as potatoes, apples, and tropical fruits coupled with factors such as lower labor cost and increasing income levels of the population in these regions.

Related Reports:

Fruit & Vegetable Processing Market by Product Type (Fresh, Fresh-cut, Canned, Frozen, Dried & Dehydrated, Convenience), Equipment (Pre-processing, Processing, Washing, Filling, Seasoning, Packaging), Operation, and Region - Global Forecast to 2022

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Report Code
FB 2939
Published ON
Jan, 2018
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