Frozen Fruit Market Trends, Demand, Scope, Growth Analysis and Industry Forecast To 2030
Market Overview
The
global frozen fruits market was valued at USD 4.45 billion and is expected to
grow at a compound annual growth rate (CAGR) of 7.05%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.
Market Segmentation
The
Frozen
Fruits Market Share has been segmented to meet
the needs of the global audience and hence, help in the expansion of the global
market.
●
Product
Outlook
●
Citrus
●
Tropical
●
Berries
●
Others
●
Distribution
Channel Outlook
●
Online
●
Offline
●
Regional
Outlook
●
North
America
●
The U.S.
●
Europe
●
Germany
●
The U.K.
●
France
●
Asia Pacific
●
China
●
Japan
●
Central
& South America
●
Brazil
●
Middle East
& Africa
Regional Analysis
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.
Industry News
The
demand for Frozen
Fruits Market Trends 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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