Industry Analysis & Industry Trends
The Fruit and Vegetable Processing industry has managed to record respectable growth during the past five years. The economic downturn, heavy price discounting from supermarkets and falling fruit and vegetable consumption have weighed on sales of the industry's products. However, the industry has still managed to expand because consumers traded down from fresh vegetables to cheaper, processed options, and resilient demand for healthy, convenient meal and snack options boosted revenue. Since 2012-13, strengthening economic conditions and sharp rises in fruit and vegetable prices have boosted industry revenue growth. A rise of 3.5% is forecast in 2014-15. During the five years through 2014-15, industry revenue is estimated to increase at a compound annual rate of 2.9% to £4.7... purchase to read more
Industry Report - Industry Analysis Chapter
The Fruit and Vegetable Processing industry has performed well under challenging conditions since 2009-10. The economic downturn and strong price competition from downstream supermarkets depressed sales and industry revenue. Despite this, fruit and vegetable processors have managed to record solid revenue growth due to rising consumer demand for good-value, healthy, convenient products. Industry revenue has also been inflated by strong rises in fruit and vegetable prices. During the five years through 2014-15, industry revenue is estimated to increase at a compound annual rate of 2.9% to £4.7 billion. This includes growth of 3.5% in 2014-15.
Green and growing
The economic downturn means demand for the industry's products has taken a hit over the past five years... purchase to read more