Frozen Fruits Market size, share & Trends

Frozen Fruits Market

The Frozen Fruits Market was estimated around USD 4,300 million in 2019 and is predicted to grow at a CAGR of 5.3% over the forecast period (2020-2027).

The factors driving growth of the Frozen Fruits Market includes increasing consumers inclination towards adopting healthy lifestyles, growing popularity of summer fruits such as watermelons, oranges, cantaloupes, and raspberries, rising internet penetration rates worldwide and improvements in the living standards. Increasing use of frozen bananas for preparing soft serve, ice creams, chocolate-dipped frozen bananas, rising focus on enhancing the shelf life and quality of bakery food items, and growing demand for ready-to-eat food products, are some of the factors pushing the Frozen Fruits Market size. Moreover, growing adoption of advanced technologies such as tunnel freezers, contact freezers and liquid carbon dioxide freezers, rise in the launch of innovative products, and rapid urbanization, are some of the additional factors supplementing the Frozen Fruits Market share. In addition, the increasing investments on R & D activities, strategic partnerships, and collaborations among leading players are further contributing towards the market growth.

However, growth of the Frozen Fruits Market is hindered attributed to challenges with high-moisture fruits.

The leading players operating in the market are HARVEST FOOD GROUP, Titan Frozen Fruit, Meel Corp, Kendall Fresh Frozen Fruits, Inc., Del Monte Produce Inc., Nomad Foods, Val-Mex Frozen Foods, LLC, Royal Ridge Fruits, Nature’s Touch, and SunOpta, among others.

Based on Product Type, the Tropical Fruit segment is predicted to expand at a remarkable CAGR during the forecast period

Difficulties in the production of tropical fruits such as passion fruit, avocado and guava, owing to adverse climatic conditions, is pushing the companies to produce frozen variants, is propelling the segment’s growth.

Based on Distribution Channel, the Supermarket/Hypermarket segment is projected to capture the largest market share over the forecast period

Supermarket and hypermarkets offer wide range of frozen food products, at attractive discounts, provides multiple payment options and free delivery services on certain purchases, are some of the factors pushing growth of the segment.

Based on Region, the North American region is anticipated to hold the highest market share during the forecast period

Emerging trend of veganism across Untied States and Canada, increasing availability of frozen food products at online stores, rapid urbanization, growing population growth rates and high per capita incomes, are some of the factors augmenting the market growth in North America.

 

Market Segmentation

Segmentation by Product Type 

Segmentation by Distribution Channel 

Segmentation by Region

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