Dublin, Aug. 13, 2021 (GLOBE NEWSWIRE) -- The "Frozen and Fruit & Veg Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
The global frozen and fruit & veg market is expected to grow from $407.07 billion in 2020 to $440.6 billion in 2021 at a compound annual growth rate (CAGR) of 8.2%. The market is expected to reach $585.25 billion in 2025 at a CAGR of 7%.
The frozen and fruit and vegetables market consists of sales of frozen and canned fruit and vegetables by entities (organizations, sole traders and partnerships) that produce frozen and canned fruit and vegetables. This market does not include unprocessed fruit and vegetables which are part of the agricultural market.
The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments. The frozen and fruit and vegetables market is segmented into frozen food and canned and ambient food.
Asia Pacific was the largest region in the global frozen and fruit & veg market, accounting for 32% of the market in 2020. North America was the second largest region accounting for 28% of the global frozen and fruit & veg market. Africa was the smallest region in the global frozen and fruit & veg market.
Frozen food manufacturers are using technologies such as individual quick freezing (IQF) to improve yield and quality of frozen foods. The IQF method involves transferring the individual food items on a conveyor belt into a blast freezer that quickly freezes the items. With IQF method, every individual piece of food is frozen separately, as opposed to bulk or block freezing.
This method boosts yield by 1.5-3% and results in better quality products with high nutritional value and less wastage. Examples of IQF foods include fruits such as blueberries, strawberries and peaches, and vegetables such as corn, peas and green beans. The global IQF vegetable market is expected to reach $2 billion by 2026, thus indicating significant demand for IQF food products in future.
The increasing demand for local, sustainable and organic food production is expected to positively impact the frozen and fruit & veg market during the forecast period. Organic food production including organic frozen and fruit & veg market places a strong emphasis on consumer health, environmental protection and animal welfare.
Consumers now are becoming more concerned with how food is raised and prepared and are willing to pay a little more for something they recognize as healthy. Across Europe, there is a very high import rate (especially for fruits and vegetables) as the rate of production is far lower than the consumption demands for organic produce.
For instance, according to the Soil Association, sales of organic products in the UK increased by 4.5% in 2019 to reach £2.45 billion. Similarly, sales of organic in the US increased by 5.9% to reach $47.9 billion wherein the sales of organic dried beans, along with dried fruits and vegetables increased by 9%, according to the 2019 Organic Industry Survey.
This growing demand for organic products offers considerable opportunities for frozen and fruit & veg market producers in both developed and developing countries, thus likely to drive the market during the forecast period.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Frozen And Fruit & Veg Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Frozen And Fruit & Veg Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Frozen And Fruit & Veg Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Frozen And Fruit & Veg Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Frozen And Fruit & Veg Market Trends And Strategies
8. Impact Of COVID-19 On Frozen And Fruit & Veg
9. Frozen And Fruit & Veg Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Frozen And Fruit & Veg Market Regional Analysis
10.1. Global Frozen And Fruit & Veg Market, 2020, By Region, Value ($ Billion)
10.2. Global Frozen And Fruit & Veg Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
10.3. Global Frozen And Fruit & Veg Market, Growth And Market Share Comparison, By Region
11. Frozen And Fruit & Veg Market Segmentation
11.1. Global Frozen And Fruit & Veg Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Frozen Food
- Canned And Ambient Food
11.2. Global Frozen And Fruit & Veg Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Supermarkets/Hypermarkets
- Convenience Stores
- E-Commerce
- Others
12. Frozen And Fruit & Veg Market Segments
12.1. Global Frozen Food Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Frozen Fruit, Juice, And Vegetable; Frozen Specialty Food
12.2. Global Canned And Ambient Food Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Fruit And Vegetable Canning; Specialty Canning; Dried And Dehydrated Food
13. Frozen And Fruit & Veg Market Metrics
13.1. Frozen And Fruit & Veg Market Size, Percentage Of GDP, 2015-2025, Global
13.2. Per Capita Average Frozen And Fruit & Veg Market Expenditure, 2015-2025, Global
Companies Mentioned
- Dole
- Ardo NV
- HJ Heinz
- Simplot
- General Mills
For more information about this report visit https://www.researchandmarkets.com/r/qo7p23
