The global fresh food market is anticipated to project robust growth in the forecast period, 2022-2027, with an impressive CAGR of 4.23% and reach USD3922 billion by 2027 on account of increasing population, economic development, and rising purchasing power of consumers. Food is a major contributing factor to the population’s health, nutritional condition, and productivity. Fresh food is food that has not been canned, dehydrated, frozen, or smoked in order to preserve it. Fresh fruits and vegetables are popular due to their health benefits. In recent years, people have become more aware of the need to eat a nutritious diet. This factor has further resulted in an increase in demand for fresh snacks, particularly fruits and vegetables, as well as a need for cleaner, more natural items.
A significant percentage of North American and European consumers are opting for clean and natural goods. The primary reason consumers purchase organically grown fruits and vegetables is since they are connected with superior health and taste. Also, quality is a key consideration when it comes to fresh food; as a result, people trust the company with a good reputation. Market players аrе оffеring сhорреd frеsh fruits аnd vеgеtаblеs tо mаkе it effortless fоr реорlе tо соnsumе frеsh fооd. Moreover, willingnеss tо sреnd еxtrа аmоunt оn a variety of attributеs such as оrgаniсаllу рrоduсеd, оr lосаllу рrоduсеd fruit оr vegetable is increasing. Such factors are projected to bolster market growth. In addition, the fresh food market players are coming up with a variety of packaging products, innovative branding activities, promotional events, and marketing strategies in order to expand their consumer base and are further aiding the market growth of the fresh food market around the world.
Additionally, fruit snacks in "single-serve packaging" are expected to observe great demand in the forecast period. Healthy snacking is growing more popular, with "grab and go" becoming the norm. Furthermore, it is projected that the plant-based diet movement will continue to rise, which will be especially important for meat substitute products.
Rising Online Sales Boosting the Market Growth
Millennials and families with children have hectic schedules and frequently lack time to prepare and purchase nutritious meals. The ease of online grocery shopping appeals to this group, allowing shoppers to acquire fresh and other foods without having to peruse store shelves. Moreover, due to the popularity of online deliveries, food and beverage businesses are now selling their products on a national and international scale. Moreover, in order to assist fresh food manufacturers, online grocers such as Grofers and BigBasket in India provide consumers with a virtual marketplace where they can access their orders online and receive quick doorstep delivery.
Changes in Dietary Preferences Aiding the Market Growth
The prevalence of lifestyle diseases and disorders such as diabetes and obesity has risen dramatically in recent years. As a result, consumers are becoming more health-conscious, and they are focusing on making lifestyle adjustments to lower their susceptibility to certain diseases and disorders. This will raise the demand for fresh food. More than 60% of grocery consumers are seeking methods to strengthen their health and wellness, and they are attracted to services that help them make nutritious food choices and manage health concerns. This factor is expected to drive the demand for the fresh food market across the globe during the forecast period.
Rising Health Consciousness Among Consumers Fueling the Market Growth
The growing awareness of heart- and weight-related health issues, particularly among teenagers and young people, has increased the consumption of fresh food products. The rising percentage of millennials and generation Z are becoming health-conscious and gravitating toward better eating options. Moreover, consumers are increasingly seeing a link between what they eat, how they feel, and their health requirements. Consumers are focusing more on exotic or high-quality fruits and vegetables when shopping. Products having specialized health benefits, such as berries, avocados, mangoes, pomegranates, papayas, and sweet potatoes, have grown in popularity, particularly in northern and western Europe.
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Market Segmentation
The global fresh food market is segmented based on type, distribution channel, region, and competitional landscape. On the basis of type, the market is further fragmented into meat, vegetables, fruits, fish, and other seafood. Based on distribution channel, the market is segmented into open market, supermarkets/hypermarkets, departmental store, online and others (grocery retailers, independence store, etc.) The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Company Profiles
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. are among the major market players in the global platform that lead the market growth of the global fresh food market.
Attribute | Details |
Market Size Value in 2021 | USD3077.43 Billion |
Revenue Forecast in 2027 | USD3922.70 Billion |
Growth Rate | 4.23% |
Base Year | 2021 |
Historical Years | 2017 – 2021 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Billion and CAGR for 2017-2021 and 2022-2027 |
Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | · Category· Type· Distribution Channel· Region· Company |
Regional Scope | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
Country Scope | United States; Canada; Mexico; Russia; Germany; France; United Kingdom; Italy; China; India; Japan; Indonesia; Vietnam; Brazil; Argentina; Colombia; South Africa; Saudi Arabia; UAE |
Key Companies Profiled | 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. |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
Report Scope
In this report, global fresh food market has been segmented into the following categories, in addition to the industry trends which have also been detailed below
- Fresh Food Market, By Product Type
- Meat
- Vegetables
- Fruits
- Fish
- Other Seafood
- Fresh Food Market, By Distribution Channel
- Open Market
- Supermarkets/Hypermarkets
- Departmental Store
- Online
- Others
- Fresh Food Market, By Region
- Asia-Pacific
- China
- India
- Japan
- Indonesia
- Vietnam
- Europe
- Russia
- Germany
- France
- United Kingdom
- Italy
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa