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Fruit & Vegetable Processing in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 103 June 2024 Spotlight Report

Revenue

€113.0bn

2019-2024 3.6 %
2024-2029 X.X %

Employees

486k

2019-2024 4.1 %
2024-2029 X.X %

Businesses

24,370

2019-2024 6.2 %
2024-2029 X.X %

Profit

€X.Xbn

2019-2024 X.X %

Profit Margin

X.X%

2019-2024 X.X pp

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Fruit & Vegetable Processing in Europe industry analysis

In recent years, Europe's fruit and vegetable processing industry has been challenged by sticky inflation, shifting consumer behaviour and emerging tech innovations. Swelling demand for organic produce, stemming from a hike in health-conscious consumers, has pushed processors towards more sustainable sourcing and processing methods. The change bolstered profit as processors passed higher organic costs down to consumers. Still, many consumers in countries like France and Germany have been forced to cut back on these high-margin items, switching to cheaper, locally sourced fresh food. Over the five years through 2024, revenue is projected to slump at a compound annual rate of 3.6%, reaching an estimated €113 billion in 2024. In 2024 alone, revenue is anticipated to fall by 2.7% as inflation will continue to stifle demand.

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Industry Statistics and Trends

Fruit & Vegetable Processing in Europe key trends

Europe's fruit and vegetable processing industry is going green.

 

In line with the EU's Green Deal and Farm to Fork strategy, processors are being nudged towards renewable energy and local sourcing.

Plant-based diet trends will encourage processors to innovate.

 

Fruits and vegetables are increasingly being processed in unique ways to mimic meat and dairy.

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Fruit & Vegetable Processing in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Fruit & Vegetable Processing in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 3.6 % over the past five years, to reach an estimated €113.0bn in 2024.

Trends and Insights

An organic shift reshapes produce processing

  • Growing consumer demand for organic products has pushed the fruit and vegetable processing industry toward organic produce. This trend has forced processors to adapt their sourcing and processing methods, shifting their focus to sustainability.

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Fruit & Vegetable Processing in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

Sustainability shifts reshape Europe’s produce processing future

  • Carbon emission caps and taxes are nudging processors towards renewable energy and efficient operations. Innovations like precision irrigation and waste heat energy generation will become increasingly crucial for resource management.

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Revenue

€113.0bn

2019-2024 3.6 %
2024-2029 X.X %

Employees

486k

2019-2024 4.1 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 4.1 % *
  • Job Growth

Top 5 Countries

  1. Bulgaria +15.3%
  2. Russia +9.9%
  3. Denmark +8.6%
  4. Turkey +6.8%
  5. Czechia +6.4%

Bottom 5 Countries

  1. Slovakia -5.7%
  2. Sweden -2.0%
  3. Malta -2.0%
  4. Finland -1.4%
  5. Iceland -0.4%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Fruit & Vegetable Processing in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Greenyard NV
4,920.0
75.0
1.5
Groupe Bonduelle
2,527.8
69.9
2.8
Orkla ASA
6,065.7
634.1
10.5

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Fruit & Vegetable Processing in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Fruit & Vegetable Processing industry in Europe in 2024?

The market size of the Fruit & Vegetable Processing industry in Europe is €113.0bn in 2024. 

How many businesses are there in the Fruit & Vegetable Processing in Europe industry in 2024?

There are 24,370 businesses in the Fruit & Vegetable Processing industry in Europe, which has grown at a CAGR of 6.2 % between 2019 and 2024.

Has the Fruit & Vegetable Processing industry in Europe grown or declined over the past 5 years?

The market size of the Fruit & Vegetable Processing industry in Europe has been declining at a CAGR of 6.2 % between 2019 and 2024. 

What is the forecast growth of the Fruit & Vegetable Processing industry in Europe over the next 5 years?

Over the next five years, the Fruit & Vegetable Processing industry in Europe is expected to decline.

What are the biggest companies in the Fruit & Vegetable Processing market in Europe?

The biggest companies operating in the Fruit & Vegetable Processing market in Europe are Greenyard NV, Groupe Bonduelle and Orkla ASA

What does the Fruit & Vegetable Processing in Europe include?

Prepared and packaged vegetables and Frozen vegetables are part of the Fruit & Vegetable Processing industry.

Which companies have the highest market share in the Fruit & Vegetable Processing in Europe?

The company holding the most market share in Europe is Greenyard NV.

Which countries have the most businesses in the Fruit & Vegetable Processing industry in Europe?

The European country with the most businesses in the Fruit & Vegetable Processing industry is Russia.

How competitive is the Fruit & Vegetable Processing industry in Europe?

The level of competition is high and increasing in the Fruit & Vegetable Processing industry in Europe.

Related Industries

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Table of Contents

About this industry

Industry definition

Operators in the industry produce food products consisting mainly of fruit or vegetables. Additionally, companies are involved in the preserving of fruit, nuts or vegetables, as well as production of jams and pastes from nuts. The industry also produces perishable prepared foods, including packaged salads, peeled or cut vegetables and tofu.

Related Terms

High-Pressure Processing (HPP)Flash FreezingBlanchingPulping

What's included in this industry?

Prepared and packaged vegetablesFrozen vegetablesPrepared, packaged and dried fruitJams, jellies and nut buttersNutsPickled fruits and vegetablesDried fruits and vegetables

Companies

Greenyard NVGroupe BonduelleOrkla ASA

Industry Code

ISIC 2006

103 - Processing and preserving of fruit and vegetables in Europe

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Performance

Key Takeaways

An organic shift reshapes produce processing

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Fruit & Vegetable Processing in Europe industry (2011 -2029)
  • Employees in the Fruit & Vegetable Processing in Europe industry (2011 -2029)
  • Business in the Fruit & Vegetable Processing in Europe industry (2011 -2029)
  • Profit in the Fruit & Vegetable Processing in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Fruit & Vegetable Processing in Europe industry?


Outlook

Analysis

What's driving the Fruit & Vegetable Processing in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Fruit & Vegetable Processing in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Fruit & Vegetable Processing in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Prepared and packaged veggies are a win-win for busy consumers and producers. They're easy and fast to cook, ride the wave of health trends, and advances in packaging have enhanced their shelf life.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Fruit & Vegetable Processing in Europe industry's products and services performing?

Analysis

What are innovations in the Fruit & Vegetable Processing in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Fruit & Vegetable Processing in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Market share concentration is low. Low concentration stems from the presence of many small to medium-sized players, each holding a small portion of the market without dominant leaders.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Greenyard NV
  • Countries of operation for Groupe Bonduelle
  • Countries of operation for Orkla ASA
  • Countries of operation for Agrana Group
  • Countries of operation for Eckes-Granini Group GmbH
  • Countries of operation for Conserve Italia
  • Countries of operation for Nomad Foods Europe Ltd
  • Countries of operation for Agrial
  • Countries of operation for FRoSTA AG
  • Countries of operation for Vegenat SA

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Europe's food processing industry navigates a myriad of complex regulations. These rules address everything from food safety, sustainability, waste management to providing transparent information for consumers.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Fruit & Vegetable Processing in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Healthy eating trends are boosting profit for produce processors. Consumers opting for veggie snacks and plant-based foods have allowed processors to charge more, particularly those in the beverage sector making fresh juices and smoothies.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Fruit & Vegetable Processing in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.