Fruit and Vegetable Processing Market to Witness Excellent Revenue Growth
13-sep-19 India being the second-largest producer of fruits and vegetables, facilitates the fruit and vegetable processing industry in acquiring its primary resources. Canning, dehydration, pickling, provisional preservation, and bottling are some of the methods used in fruit and vegetable processing which help increase the shelf life of seasonal fruits and vegetables. Market insights: The fruit and vegetable processing industry in India is likely to expand at a compound annual growth rate (CAGR) of ~7.62% between FY 2018 and FY 2023 to reach a value of INR 256.4 Bn in FY 2023. Currently, commercial processing of fruits and vegetables is extremely low in India, at around 2.2% of the total production as compared to countries like Philippines at 78%, China at 23% and the United States (U.S.) at 65%. The unorganized sector witnesses a stiff competition, owing to the presence of a large number of players competing for small shares in the overall market. Organized players compete with ...