Frozen Fruit Market

Frozen Fruits Market Size, Growth, Forecast (2023-2028)

The global Frozen Fruits Market size was assessed to be USD 27.1 billion in 2022, and it is estimated to reach a value of about USD 30.7 billion by 2028 at a CAGR of 5.3% over the prophesized period. Frozen fruits have been kicked out of the food category immediately as the demand for convenience is increasing worldwide.

Market Overview:

Frozen fruit is a convenient and healthy food. Frozen fruits easily retain the flavor, nutritional value, and texture of food. They are popular with consumers and are readily available on the market at low prices. Frozen fruit refers to fruits that have been chilled and kept below freezing for storage and transportation until ready to eat. Additionally, they can be commercially packaged or frozen at home. In addition to this, various frozen fruits are sold in supermarkets and hypermarkets. Various types of frozen fruits include ready-to-eat foods, fruit juices, smoothies, and salads, and other fruits are the most famous products in the world. Freezing is among the most common methods that are employed for preserving food. Through this process, you can preserve the texture, taste, and nutritional value of food. The freezing process reduces the chemical reaction, slows down cellular metabolic reactions and has the advantage of low temperatures that microorganisms cannot develop. The freezing process is used for the long-term preservation of various foods and vegetables, which provides a long shelf life. This includes reducing the product temperature to below -18°C. The physical state of the food changes because the fruit cools below freezing temperature to remove energy. Extreme cold temperatures decrease chemical changes that delay microbial growth and affect product quality.

Recent Developments in Frozen Fruits Industry:

• In November 2018, Nestlé introduced its new product Wild Space, which is a range of healthy frozen foods in reusable and recyclable packaging.
• Nestlé adds new coconut and banana flavors to the range of frozen fruit bars. Coconuts and bananas are a good combination, and a creamy banana and coconut water can be combined for a smooth and realistic frozen treat.
• Conagra acquires Pinnacle Foods Inc. This acquisition helped Pinnacle Foods expand the categories of frozen fools, snacks, and snacks.

REPORT COVERAGE:

Frozen Fruits Market Growth:

The growing trend in the food industry to constantly supply seasonal fruits throughout the year is a key factor in the industry.

Drivers:

Frozen fruits are gaining popularity with consumers because they offer many advantages over fresh produce.  It has also revitalized the industry as awareness of the nutritional value of frozen fruits and vegetables increases and clean eating habits increase. In addition, a systematic supply of frozen fruit nets has been developed as technological developments have increased along with improvements in the refrigeration chain in emerging countries. Other factors that have a positive impact on the global frozen fruit market include urbanization, rapidly changing consumer lifestyles, increased disposable income, and active marketing by manufacturers. Demand increased due to consumer consumption patterns and increasingly busy changes in lifestyle. Industrial growth was also supported by the rising call for new flavors and ingredients in products. Countries that lack fresh fruit prefer frozen fruit because the frozen process preserves food and does not use unwanted additives in frozen food bags such as strawberries and spinach. Also, the increased demand for frozen fruits in different parts of the world due to the large population and busy lifestyles worldwide is another factor driving growth in the global market during the outlook period.

Furthermore, the increase in preferences for frozen fruit among people due to various benefits, such as shorter cooking time, convenience, no need to peel, wash and cut, etc., is another factor that is expected to accelerate the growth of the worldwide frozen fruits market. In addition, as the popularity of a variety of foods that are easy to cook around the world increases, the demand for frozen fruits is expected to increase, accelerating world market growth during the forecast period. In addition to this, the development of cold chain logistics is expected to be a dynamic factor in the growth of the global frozen fruit market. Besides, with the increase in the number of working populations, women are expected to precisely increase their consumption of frozen fruits, offsetting the growth of the global frozen fruit market during the forecast period. Also, the number of technologies used for frozen fruit increases with aggressive marketing by manufacturers worldwide, and the increased prevalence of frozen fruit on e-commerce portals is another factor driving the growth of world market in the next few years. Nonetheless, increased demand in countries where fresh fruit is scarce is one of the main factors that can create profitable opportunities in the near future.

Restraints:

The easy availability of frozen fruit alternatives on the market is an important deterrent to the growth of the global market. The problem with high-moisture fruits, which can become a food or pulp when thawed, is one of the main factors limiting the growth of the frozen fruit market during the forecast period.

Frozen Fruits Market Segmentation Analysis:

By Product Type:

• Citrus Fruits 
• Red Fruits & Berries
• Tropical Fruits       

By Technique:

• Freeze-Drying       
• IQF     

By Application:

• Confectionery & Bakery    
• Jams & Preserves    
• Fruit-based Beverages      
• Dairy Products    

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

Based on this region, the frozen fruit market can be divided into North America, Europe, Asia Pacific, the Middle East, and Africa and South America. Europe and North America are expected to have a large share of the global frozen fruit and vegetable market through the end of the forecast period. The demand for frozen fruits and vegetables in Europe is expected to increase due to the increased demand for healthy food. France, Germany, Belgium and the United Kingdom are important importers in terms of industrial value. North America is expected to represent a significant share of the market for the entire frozen fruit market during the projection period. Factors such as the availability of various frozen fruit products are expected to accelerate the growth of the frozen fruit market during the forecast period. Additionally, the Asia Pacific frozen fruit market is expected to prosper at a significant rate during the forecast period. Factors such as increased online purchases of staple foods are expected to drive the growth of the frozen fruit market during the outlook period. The European frozen fruit market is expected to show significant growth during the foreseen period. In addition, growth in the frozen fruit market is expected to increase in Europe with the transition of customer purchasing patterns and the introduction of highly nutritious products during the estimated time. Markets in the Middle East, Africa and Latin America are expected to post moderate growth as awareness of various frozen fruits and vegetable increases among people in the region.

Key Players in the Market:

Major Key Players in the Global Frozen Fruits Market are

• Pinnacle Foods Inc.
• Welch Foods
• Ardo NV
• SunOpta Inc
• Kendall Frozen Fruits Inc
• Uran Food Group Limited
• Kerry Group Plc
• Nestlé
• ConAgra Foods Inc
• General Mills