Fresh Food Market to Grow at a CAGR of Over 4% During the Forecast Period
Rising disposable
income and growing healthy eating habits of people are the leading factors driving
the global fresh food market during the forecast period.
According to TechSci Research report, “Fresh
Food Market – Global Industry Size, Share, Trends, Competition, Opportunities
and Forecast, 2017-2027F”,
the global fresh food market is
expected to project an impressive CAGR of around 4% and and reach over USD3900
billion by 2027, on account of rapidly surging demand from the health-conscious
population.
The fresh food market is being
supported by the major factors such as rising population and the growing inclination towards healthy eating
habits. Additionally, high nutrition value and easy availability are the other
factors driving the growth of this market. Fresh food is the type of food that
has not been canned, dehydrated, frozen, or smoked to preserve it.
Vitamins, minerals, and plant compounds are abundant in fresh fruits and
vegetables, and they are also high in fiber. There are a variety of fruits and
vegetables to choose from, along with numerous ways to prepare, cook, and serve
them. Diseases such as cancer, heart disease, diabetes, etc., can all be
prevented by eating a diet rich in fresh fruits and vegetables.
Fresh food was the only орtiоn bеfоrе the invention of рrосеssed fооd,
which is high in calories and low in nutrients and is widely consumed across
the globe. However, almost everyone buys fresh food products such as fruits,
vegetables at least once a month. Consumers seeking better versions of the food
they purchase and avoiding preservatives and chemicals are also driving fresh
food purchases, despite the fact that pricing is a crucial issue for most.
Another factor aiding the growth of the fresh food market is the rising
health issues such as obesity, diabetes, etc. therefore, people are inclining
more toward fresh food over processed food. Furthermore, manufacturers of fresh
food goods are pursuing new distribution and marketing tactics in order to
expand their market share. Such activities enable them to boost revenue and
expand their customer base, putting them ahead of the competition.
Browse over 84
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and an in-depth TOC on "Global Fresh Food Market"
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The global fresh food market is segmented into type, distribution channel,
region, and company. Based on type, the global fresh food market can be
segregated into vegetables, fruits, meat, fish, and other seafood. Among these,
the meat segment has accounted for the largest market share in 2021. This is
due to factors such as increasing awareness regarding the advantages of protein
and vitamin intake in the daily diet of an individual, rising new products
launched by the leading regional and international key market participants,
etc. These are some of the major factors influencing the growth of
meat within global fresh food market.
In terms of regional analysis, the global fresh food market is segmented
into North America, Europe, Asia-Pacific, South America, and Middle East &
Africa. Out of which, Asia-Pacific has accounted for the majority of market
share in the global fresh food market in 2021, and the region is anticipated to
maintain its dominance over the next five years as well. The reason is the
rising population, growing health awareness among the young and millennial
population, and so on. Also, with much of Europe embracing a gluten-free diet,
the egg-free fresh food is becoming a significant primary phenomenon. Germany
is one of the critical markets for fresh food in the European region.
Key market players in the global fresh food market include:
·
JBS
S.A.
·
Sysco
Corporation
·
Tyson
Foods, Inc.
·
Greenyard NV
·
Fresh Del Monte Produce Inc.
·
Cargill Meat Solutions Corp.
·
Dole Food Company, Inc.
·
Sanderson Farms, Inc.
·
D’Arrigo Bros Co.
·
Itoham Yonekyu Holdings Inc., etc.
Companies like JBS S.A., Tyson Foods, Sysco Corporation,
BRF S.A., Danish Crown, Fresh Del Monte Produce Inc., and Itoham Yonekyu
Holdings Inc. are some of the leading players operating in the global fresh
food market. Major fresh food companies are expanding their manufacturing bases
to meet the rising demand across developing countries.
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Furthermore, the
COVID-19 pandemic situation has prompted consumers to opt for fresh food
products, particularly that are consumed on a daily basis such as fruits,
vegetables, meat, etc. Consumers are now more concerned about the freshness of
eatables. Also, the rising concerns of proper protein and nutrient intake is
encouraging the population to purchase and consume fresh and healthy products.
This factor is expected to further boost the market of fresh food in the
forecast period.
“The global fresh
food market is competitive, with the existence of various international brands
and a modest market share of indigenous firms in both established and
developing countries. Because of the ever-changing nature, taste, and
preferences of consumers, the introduction of a new product has become the most
integral approach above all others. Furthermore, corporations are embracing growth
through multinational mergers and acquisitions, which will prove to be
influential in broadening their influence and expanding their consumer base.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
"Global
Fresh food Market By Type (Meat, Vegetable, Fruit, Fish and Other Seafood, By Distribution Channel (Open Market,
Supermarkets/Hypermarket, Departmental Store, Online and Others (Grocery
Stores, Independence store, etc.)), By Region, Competition,
Forecast & Opportunities, 2017-2027F", has evaluated the future growth potential of global fresh food
market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in global fresh food market.
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