Fruits and vegetable market grows at a CAGR of ~7.62% by 2023

India stands second when it comes to fruits and vegetable Processing Market and hence it is a great supplier of primary resources to fruits and vegetables processing industry. This includes bottling, provisional preservation, picking, dehydration, canning, etc. These methods used for fruit and vegetables processing have been a great help for the increased shelf life of fruits and vegetables.

As the market is on the verge of expansion due to growing demand, it is projected to have a CAGR of ~7.62% between FY 2018 and FY 2023. This would value the market around 256.4 billion Indian Rupees by 2023.

Fruit And Vegetable Processing Market In India

If compared with the other economies such as the Philippines at 78%, China at 23%, or the US at 65%, India contributes as little as 2.2% to the total production. Though the present events show an extreme low in the commercial processing of fruits and vegetables, it is likely to be improved in the upcoming years.

Its unorganized nature, stiff competition over small shares of the total market, a massive number of players for small shares, etc. are the reasons why the Indian market is facing challenges in growing faster to contribute to the global market. The small number of organized players have a little competition amongst themselves to gain brand loyalty and maintain the share.

Export status:

As India the second largest producer of fruits and vegetables market, it offers a gamut of opportunities for marketers to export products through processing. Its geographical position can benefit fruit and vegetable industry to export to various other nations. In 2018, the export of processed fruits and vegetables had crossed 391,283.8 metric tonnes (MT) generating revenue of around INR 34.04 Billion.

A new research report offered by Aarkstore delivers key information about the market. The report helps understand key growth drivers of the market.

The research report covers the following Fruit processing companies and analyzes their company profiles.

Dabur India Limited

ITC Limited

Freshtrop Fruits Limited

Hindustan Unilever Limited

Tai Industries Limited

Capricorn Food Products India Limited

Cremica Food Industries Limited

Fieldfresh Foods Private Limited

Mother Dairy Fruit & Vegetable Private Limited

Shimla Hills Offerings Private Limited

With the increasing demand for processed food, the Indian Fruit and Vegetable Processing Market views opportunities to grow faster in the upcoming years. The market players may encounter a competitive landscape in the Indian markets.

Category: Food and Beverages

Contact Details:

Aarkstore Enterprise 24/7 Online Support: +91 9987295242 | contact@aarkstore.com

#IndiafruitandvegetableprocessingMarket #Fruitprocessing #Fruitandvegetablemarketindustry #Fruitprocessingcompanies #Fruitsandvegetablesindustry #FruitandVegetableProcessing2023 #ProcessedFruitandVegetablesinIndia