ID: MRFR/F-B & N/1219-HCR | February 2021 | Region: Global | 144 pages
Globally, the frozen fruit market projects at a high market value of about USD 4.45 billion with a high CAGR of about 7.05% during the market forecast period of 2020 to 2027. It has been marked that the frozen fruit is said to be stored at low temperatures which avoids the growth of micro-living organisms. This raises the shelf life by not allowing the microorganisms to grow. These organisms may be available in sliced, cubed, whole, and any other form. Frozen food is said to be one of the healthiest foods which can easily keep its flavor, its nutritional value and help in retaining the texture of those frozen fruits. They are very much famous among the consumers and are available at cheap rates. They refer to those fruits which have been kept at low temperatures. This makes transportation easy for them and is advantageous for its increase in storage facilities. Some of the frozen types of food products include ready-to-eat food, fruit juices, smoothies, and salads.
Freezing is that important method that is very much important for preserving. Availability of media and the internet along with the rise in demand for non-regional foods contributes towards the expansion of the frozen fruit industry. Some of the specific products which are famous to a particular region increase their availability throughout all the supply channels.
Covid 19 Analysis
The outbreak of the COVID deteriorated the supply from the Manufacturing units. This outbreak led to the shortage in supply of various raw materials. The whole of the world suffered from health issues. A change in consumer behavior was marked which disrupted the market value.
A rise in disposable income, along with a transformation in the lifestyle of the people drives up the demand. Continuous supplying the frozen fruit from the fast supply from the fruit industry steers up the frozen fruit market growth. With the increase in concern towards the use of healthy foods, the users are now drawing an inclination towards the use of canned food products towards frozen fruits, thus expecting to propel the frozen fruit market size. The high disposable income nature of the population rises the market growth. The rise in the convenience of the food increases when the frozen fruit has been removed from the food category. The growth in the food industry which supports seasonal fruits every year is a major influencing factor involved in the development of the frozen fruit market.
Adopting new lifestyles along with the high demand for food among the people stretches up the growth. On a global scale, the increase in demand for frozen fruit markets in the rest of the world grows at an exponential rate. This was because of the setting up of more of the food industry in the South American region basically, Argentina and Brazil. Frozen food is very much adopted because the freezing process is very much adopted which reduces the chemical reactions and reduces the cellular metabolic activities. Due to this, the microorganisms are not able to develop. The freezing process is used for the preservation of both fruits and vegetables, which raises the shelf life of frozen products. Removal of energy takes place when the physical state of the food transforms up where chemical changes take place. The rise in demand for food in those regions where the growth of frozen food is less brings opportunity for growth.
The raw materials available at an easy rate drive up the frozen fruit market growth. The presence of high moisture foods which taste pulp-like or are good when thawed is the main Challenging factor.
Delay in microbial activities deteriorates the quality of frozen products.
The frozen fruit market has been classified into type, its category, form, supply chain, and region. globally, the type of the frozen fruit market has been classified into melons, citrus, berries, fruits, mango, peaches, kiwi, and many more. Moreover, globally the frozen fruit market based on category is being divided into organic and conventional. Based on form, the market is being divided into cubed, sliced, whole, and many more. Based on distribution channels, globally the market is being divided into a store-based channel and non-store-based. The store-based channel is being further classified into supermarkets, hypermarkets, convenience stores, and many more. Regionally, the frozen fruit industry is being classified into North America, the dome of the European region, Asia Pacific, and the rest of the world.
Technological advancement led to the increase in growth and improvement of the refrigeration supply chain in developing countries. The advanced technology so used for production rises the aggressive marketing techniques by the manufacturers due to which the market becomes more prevalent throughout the world.
The North American market is being classified into the United States, Canadian region, and Mexican region. The European market is being classified into the United Kingdom region, Germany, France, Italy, Spain, and some regions of the rest of the world. Some regions of the Asia Pacific region are divided into the region of China, India, New Zealand, Australia, and the rest regions in the Asia Pacific world. The rest region has been segmented into South America, the Middle East, and some of the African region. Moreover, the North American frozen fruit market covers a huge dominant frozen fruit market share owing to covering a highly developed supply chain. Its proper infrastructure and all the facilities so available drive up the market. The Asia Pacific market projects at high frozen fruit market value. It was due to its rise in demand for food due to the rise in population basically in this region.
A rise in the demand for more healthy food increases the growth. Availability of certain raw materials raises the growth. From the market outlook, it was found that buying up more staple food products increases the frozen fruit market size. Arranging more of the frozen fruit during the foreseen period shows the rise in frozen fruit market size. The region of Latin America shows moderate growth in the awareness and the availability of quality food. Moreover, the production of new products during the assessment period raises the growth. Moreover, the world has progressed owing to the change in exposure towards the food revolution. This expands up the scope of the market.
Some of the market players in the frozen fruit industry are Ardo NV of Belgium region, Rasanco Ltd of the United Kingdom, Simplot Australia Pty Ltd of Austria region AXUS International LLC of the United States, Dole Food Company Ltd of the United States, Alasko Foods Inc. of Canada, the HJ Heinz Company of the United States, Breukers Scamp Food of Netherlands, Pinnacle Food Corporation of the United States, Capricorn food products India Ltd of India, Findus Sverige Ab of Sweden, Frucktana Ltd of North Barcelona, General Mills Inc. of the United States, SunOpta inc. of Canada, Bonduelle Group of France and many more.
The report gives a good analysis of the frozen fruit market forecast period during which maximum growth took place. It gives a good analysis of the developments at different country levels, regional levels, and globally. It signifies the growing marketing trends and the opportunities that are being so taken place. From the report, you will know about the frozen fruit market segmentation so done and the subsegments to which the market has been divided. It gives a good comprehensive analysis of the growth driving factors that will help in the improvement of the market. It signifies and gives a clear view of the market scenario. It gives information regarding the impact of COVID on the world and the different health issues that it creates.
Frequently Asked Questions (FAQ) :
Frozen fruits market is projected to grow at a 7.05% CAGR between 2020- 2027
North America is expected to dominate the frozen fruits market
Frozen fruits market is predicted to touch USD 4.45 billion by 2027
Demand for frozen food and changing lifestyles are the key factors driving the frozen fruits market.
Leading players profiled in the frozen fruits market include Rasanco Ltd (UK), AXUS International LLC (US), Alasko Foods Inc (Canada), Breukers Schamp Foods (Netherlands), Capricorn Food Products India Ltd. (India), Fruktana Ltd (North Macedonia), SunOpta Inc. (Canada), Bonduelle Group (France), General Mills, Inc. (US), Findus Sverige AB (Sweden), Pinnacle Foods Corp. (US), The H. J. Heinz Company (US), Dole Food Company, Inc. (US), Simplot Australia PTY Ltd (Australia), and Ardo NV (Belgium).