New York, United States , July 02, 2024 (GLOBE NEWSWIRE) -- The Global Frozen Fruits Market Size is to Grow from USD 4.29 Billion in 2023 to USD 7.69 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 6.01% during the projected period.
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Frozen fruit is packed with vitamins, minerals, and antioxidants that promote overall health, making it one of the healthiest foods to consume. Frozen fruits provide a convenient alternative to fresh fruits, which are in season. Within a few hours after being harvested, the frozen fruits are harvested at their ripest, blanched, diced, frozen, and stored. Frozen fruits are covered with sugar or ascorbic acid to prevent them from spoiling. The amount of nutrients remains unchanged even after freezing. Fruits are picked when they are at their peak ripeness and then frozen to preserve their flavor, freshness, and nutritional value. By quickly freezing the food at extremely low temperatures, this preservation method prevents the formation of germs and enzymes that might lead to deterioration. The demand for ready-to-eat products like frozen fruits is rising due to the growing number of people who work and have busy lives, which is expected to promote the industry's rise. In addition to ensuring optimal fruit utilization, this lowers waste. These factors are anticipated to aid in the frozen fruit industry's growth. Changes in people's lives and greater disposable money both drive up demand. However, it is anticipated that consumer beliefs regarding the nutrient deficiency of frozen fruits are preventing them from growing in the market. In more prosperous nations like as the United States, the impression of them as manufactured meals with added preservatives have partly changed.
Browse key industry insights spread across 220 pages with 100 Market data tables and figures & charts from the report on the "Global Frozen Fruit Market Size, Share, and COVID-19 Impact Analysis, By Product (Citrus, Tropical, and Berries), By Distribution Channel (Online, Offline), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The tropical segment is anticipated to hold the greatest share of the global frozen fruits market during the projected timeframe.
Based on the product, the global frozen fruits market is divided into citrus, tropical, and berries. Among these, the tropical segment is anticipated to hold the greatest share of the global frozen fruits market during the projected timeframe. In these fruits are frozen papaya, pineapples, mangoes, coconuts, bananas, avocados, guavas, nance, and mamey. Unfavorable weather makes it difficult to produce these fruits, which drives up demand. Due to rising demand, businesses are now required to make frozen versions in order to avoid supply shortages. The demand for frozen tropical fruits, such as avocado, papaya, pineapple, and mango, has increased significantly in recent years.
The offline segment is anticipated to hold the greatest share of the global frozen fruits market during the projected timeframe.
Based on the distribution channel, the global frozen fruits market is divided into online, and offline. Among these, the offline segment is anticipated to hold the greatest share of the global frozen fruits market during the projected timeframe. Offline links include things like specialist frozen food stores, convenience stores, supermarkets, and hypermarkets. Along with the convenience of in-person browsing and selection, these real retail sites provide clients access to a wide variety of frozen fruit choices. In-person product inspection and selection, familiarity with customers, and established market dominance are the reasons behind the offline segment's continued success.
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North America is expected to hold the largest share of the global frozen fruits market over the forecast period.
North America is expected to hold the largest share of the global frozen fruits market over the forecast period. The region's dominance may be attributed to its well-established frozen food infrastructure as well as the significant demand from customers for quick and wholesome meal options. As supermarkets, hypermarkets, and convenience stores are so extensively dispersed across North America, a vast variety of frozen fruit products are readily available. Furthermore, contributing to North America's dominant market position in the frozen fruits sector is the region's emphasis on living a healthy lifestyle and the rising popularity of smoothies and frozen desserts.
Asia Pacific is predicted to grow at the fastest pace in the global frozen fruits market during the projected timeframe. Changes in nutritional preferences, rising levels of disposable income, and increasing urbanization are some of the factors driving the region's remarkable market expansion. As people in the Asia Pacific grow more health aware and seek quick food options, the use of frozen fruit is increasing. Furthermore, the expansion of the retail sector, improved cold chain infrastructure, and the impact of Western culinary customs are all contributing factors to the growth of the frozen fruit market in Asia Pacific. The region's proliferation of exotic and tropical fruit varieties contributes to the rising popularity and demand for frozen fruits across the Asia Pacific.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global frozen fruits market include SunOpta Inc, Diafrost Frozen Fruit Industry N.V., Arla Foods, Dean Foods,Capricorn Food Products India Ltd., Cal Pacific Specialty Foods, Ravifruit (Kerry Group), Uren Food Group Limited., Venus Processing and Packaging Limited (Sympli), Nestlé, Inventure Foods, Inc., Dairy Farmers of America, Fruitex Australia, Danone, Rosemary and Thyme Limited, Others.
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