The global frozen fruits market was valued at USD 3.32 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.7% from 2020 to 2027. Gaining popularity of non-seasonal fruits at the global level due to their freshness and exceptional nutritional benefits is expected to remain a key driving factor.
Over the past few years, summer fruits like watermelons, oranges, cantaloupes, honeydew melons, blackberries, raspberries, apples, figs, pears, apricots, peaches, and others like nectarines have been witnessing traction throughout the year. The culinary world has progressed immensely in the past few decades due to the exposure of the common mass to the changing fundamentals of food revolutions.
Increasing demand for non-regional fruits is also a major factor contributing to the market's growth. The availability of the internet and media has made people familiar with the culture and lifestyles of different regions and counties. Certain food products, particular to a specific region, have become globally popular owing to their increased availability through all retail channels and their rapid adoption among health-conscious consumers. Humans consume over 2000 different varieties of fruits across the globe.
The frozen fruits market has been segmented to meet the needs of the global audience and hence, help in the expansion of the global market.
- Product Outlook
- Distribution Channel Outlook
- Regional Outlook
- North America
- The U.S.
- The U.K.
- Asia Pacific
- Central & South America
- Middle East & Africa
- North America
North America led the frozen fruits market and accounted for over 30.0% of the global revenue in 2019. There has been an increasing demand for frozen fruits in this region is attributed to veganism, which has enhanced the dependence of the common mass on fruits and veggies. Fruit-based food and beverage have also played a crucial role in the consumption of frozen fruits in the region. Pies, a Greek food, have woven their way into the American food culture, thus becoming a symbol of home and tradition. A variety of sweet pies available in the market involve different kinds of frozen fruits, including strawberry, cranberry, cherry, banana, apple, raspberry, blueberry, nectarine, peach, blackberry, pear, raspberry, and others like cranberry.
Asia Pacific is expected to register the fastest CAGR of 7.7% from 2020 to 2027. The Meat Guy, a Japan-based company, offers many frozen fruits, including frozen blueberries, raspberries, strawberries, peach, papaya, pineapple, mango, and grapes, to restaurants and hotels, resorts, private clubs, and individuals throughout Japan.
The prominent players profiled in this MRFR report for an in-depth share analysis of the global Key frozen fruits market Players are Ardo NV (Belgium), Dole (U.S.), Pinnacle Foods Corp. (US), HJ Heinz (US), General Mills (U.S.), Simplot Australia PTY Ltd (Australia), Findus Sverige AB, (Sweden), and Bonduelle Group (France).
The demand for frozen fruits has been witnessing growth for various reasons beyond preservation. Banana is the most popular variety of fruit and is produced in over 135 countries across tropical and subtropical regions. According to the information stated under the Food and Agricultural Organization of the United Nations, 114 million tons of bananas were globally produced in 2017. The large production promises the availability of fresh bananas across the globe, yet the demand for frozen bananas can be seen surging. They are used to prepare soft serve, milkshakes, chocolate-dipped frozen bananas, smoothies, ice creams, pops, fudgesicles, and baking brownies, waffles, and muffins. Growing demand for the aforementioned prepared dishes or servings in the household and commercial sectors is expected to upscale the requirements for frozen fruits shortly.
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