Industry Analysis & Industry Trends
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... purchase to read more
Industry Report - Industry Analysis Chapter
The Fruit and Vegetable Processing industry has performed well since 2009-10. Just prior to this, the economic downturn and pressure on consumer spending pushed revenue down considerably, meaning some of the industry's growth in the past few years has been a recovery from that recession-induced trough. However, steady rises in fruit and vegetable prices, together with more widespread health consciousness, have helped industry revenue to increase well beyond its pre-recession peak. 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.
One of the big trends of the past decade has been consumers' growing interest in their health and eating habits... purchase to read more