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 market data figures spread through 110 Pages and an in-depth TOC on "Global Fresh Food Market"

https://www.techsciresearch.com/report/fresh-food-market/9431.html


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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