Industry Analysis & Industry Trends
The strength of the Fruit and Vegetable Processing industry has been tested over the past five years by the deteriorating economic climate, rising production costs and thinner profit margins. Tighter household budgets mean people have been choosing to cook at home instead of eating out, which supported demand for processed food ingredients to some extent. However, weak consumer confidence translated into cautious spending and consumers traded down their food choices, picking low-cost items over more expensive products. Industry players have had to compete with aggressive promotions and discounting by major retailers, which fought hard to maintain and expand their customer bases during the recession... purchase to read more
Industry Report - Industry Analysis Chapter
The Fruit and Vegetable Processing industry has faced challenging trading conditions over the past few years, and achieved mixed results. On the positive side, busier lifestyles and heavier workloads have made consumers more reliant on convenience products like pre-cut frozen vegetables and ready-made salads. On the other hand, however, a sharp economic downturn, rising input prices and intense competition between supermarkets has weighed on industry revenue and profit margins. Over the five years through 2013-14, industry revenue is estimated to decline at a compound annual rate of 0.1% to £2.4 billion.
Industry revenue is expected to grow by 2.4% during 2013-14... purchase to read more