Fresh Food – Market Trends, Drivers, and Growth Prospects until 2021

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According to Technavio’s latest market research study, the global fresh food market is expected to grow at a CAGR of close to 3% during the forecast period, 2017-2021.

This report by Technavio provides an in-depth analysis of the global fresh food market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

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The top three revenue contributing product type segments are discussed below:

Global fresh food market for fruits and vegetables: The increasing trend toward adopting vegetarianisms is one of the fundamental driving forces behind the growth of the global fresh fruits and vegetable market. Large fruits and vegetable retailers are now contracting growers to provide consumers with fresh products, which are in huge demand globally.

Fresh fruits and vegetable constitute an important part of healthy diet and their consumption on a daily basis aids in preventing certain cancer and cardiovascular diseases. Increased awareness about the benefits of including fresh fruits and vegetables in diets is propelling their demand in the global market,” says Manjunath Reddy, a lead analyst at Technavio for research on food.

Global fresh food market for meat and poultry: When it comes to fresh meat and seafood, open and wet market are the most preferred destinations in APAC; however the trend is currently shifting toward supermarkets and hypermarkets owing to hygiene, labeling of products, and convenience of shopping. Rapidly changing food preferences and people opting for more protein intake in their diet are factors fueling the demand for meat and seafood.

Global fresh food market for fish/seafood: The fish/seafood segment in the global fresh food market is expected to witness a steady growth during the forecast period as consumers are significantly shifting toward seafood as a rich source of protein. The availability of different fish species such as oysters, salmon, and shrimps will drive the aquaculture market and subsequently, lead to the growth of the fresh fish/seafood market.

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The top vendors operating in the global fresh food market are:

  • Danish Crown
  • Fresh Del Monte Produce
  • Greenyard Foods
  • Tyson Foods

Other prominent vendors in the market include D’Arrigo, Driscoll Strawberry Associates, Dole Food Company, Grimmway Farms, NatureSweet, Reynolds Catering Supplies, Sunfed, and Sunkist Growers.

A more detailed analysis is available in the Technavio report titled, ‘Global Fresh Food Market 2016-2021’. Technavio also customizes reports by other regions and specific segments upon request.

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