Frozen Fruits Market Opportunities, Business Forecast To 2028
The global frozen fruits market size was valued at USD 27.3 billion in 2021 and is poised to grow at a significant CAGR of 6.2% during the forecast period 2022-28. Frozen fruits and vegetables are quickly gaining popularity among customers due to their numerous benefits over fresh food. Fruits and vegetables are frozen using a procedure that helps to preserve their colour, flavour, and nutritional content. It slows decomposition by freezing any remaining moisture into ice, which inhibits germs from growing. Frozen fruits and vegetables are also resistant to spoiling caused by rough handling and exposure to light, heat, and dust. They have a lot of advantages, including as inexpensive cost, ease of preparation, and availability during the off-season. The ongoing COVID-19 situation has had a significant impact on various industrial sectors' supply chains, particularly the food and beverage industry. Barriers within the supply chain are anticipated to remain a major hurdle for companies in the frozen fruits market as governments around the world continue to put strong controls on cross-border commerce and transit. Consumers are increasingly choosing unfrozen vegetables and fruit over frozen counterparts, resulting in a decrease in demand for frozen food products around the world. However, because to fears of a lockdown, the sale of frozen fruit pulps as well as syrups increased in the first two quarters of 2020 in various parts of the world, including the United States, Australia, and others.
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Growing demand for frozen fruit around the world as a consequence of increased consumer knowledge of various frozen fruits is expected to propel the global market forward. Other factors projected to enhance the worldwide market's growth during the forecast period include a growing number of working people around the world and a hectic lifestyle leading to an increase in demand for frozen fruit in various regions of the world. The freezing procedure is used to store a variety of fruits and vegetables for a longer period of time, extending their shelf life. The temperature of the substance must be reduced to -18oC or lower for the process to work. As energy is absorbed by cooling the fruits below freezing temperatures, it causes a change in the physical condition of the food.
The global frozen fruits market segmentation:
1) by Form: Whole, Puree, Topping Bar, Other Processed Forms.
2) by Application: Dairy, Confectionery & Bakery, Fruit-based Beverages, Jams & Preserves, Others.
3) by Fruit Type: Red Fruits, Berries, Tropical Fruits, Citrus Fruits.
4) by Technique: Freeze Drying, IQF.
5) by Distribution Channels: Supermarkets, Convenience Stores.
Owing to the high disposable income and high adoption of frozen food items in these countries, the frozen fruits and vegetables market in Europe owns the largest share of the worldwide market, followed by the market in Asia Pacific. In addition, in these regions, changing lifestyles and developing food sectors in nations like Germany, France, Italy, China, India, and Japan. Because of the increasing demand for easy-to-cook food items and frozen fruits in countries like the United States and Canada, the North American market is predicted to grow rapidly in the worldwide industry.
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There are several industry players working in the Frozen Fruits Market, which include Dole (U.S.) Ardo NV (Belgium) HJ Heinz (US) Simplot Australia PTY Ltd (Australia) General Mills (U.S.) Findus Sverige AB, (Sweden) Pinnacle Foods Corp. (US) Bonduelle Group (France)
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