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North America Frozen Fruits Market By Application (Confectionery & Bakery, Jams & Preserves, Fruit-based Beverages, Dairy, And Others), By Product Type (Citrus Fruits, Red Fruits & Berries, And Tropical Fruits), By Technique (Freeze Drying, IQF), And By Country (US, Canada and Rest of North America) - Growth, Size, Share, Trends, and Forecasts (2022 to 2027)

Published: January, 2022
ID: 1002
Pages: 133

North America Frozen Fruits Market Growth and Forecast (2022 - 2027):

The North America Frozen Fruits Market was worth USD 0.72 billion in 2021 and estimated to be growing at a CAGR of 5.54%, to reach USD 0.94 billion by 2026.

Market Overview:

Frozen Fruits consist of high levels of vital vitamins and potentially useful antioxidants as compared to the fresh ones, and also help in protecting against the heart diseases.

Frozen Fruits are conserved at a temperature usually below -9.5°C, at which all moisture is in the solid condition. This averts the advance of microorganisms, decelerates decomposition and in turn aids in keeping fruits fresh for a prolonged period of time.  

Drivers and Restraints:

The growth of the North America Frozen Fruits market is majorly driven by factors such as availability of an extensive range of frozen fruit products, shifting customer purchasing patterns, and introduction of products with high nutritional value. Also, the rising population of working women has prompted the need for ready to eat convenience food, thereby replacing the conventional home cooked food. However, heavy presence of sodium and artificial preservatives in frozen foods, high price rates, and loss of natural aromas are some of the factors hindering the growth of the market in this region. Also, high upkeep and logistics cost at a cryogenic temperature for these foods are expected to pose a problem for the companies in this market.

North America Frozen Fruits Market Segmentation Analysis:

The North America Frozen Fruits market is segmented based on Application, Product type, and Technique. The market for Frozen Fruits, on the basis of Application, is classified into Confectionery & Bakery, Jams & preserves, Fruit-based Beverages, Dairy, and Others. The Confectionery & Bakery segment leads the Frozen Fruits market under the application segment. However, the Jams & preserves segment is anticipated to grow at the highest CAGR due to growing demand from emerging economies. On the basis of Product type, the Frozen Fruits market is segmented into citrus fruits, red fruits & berries, and tropical fruits. Red fruits & berries segment leads the market with over 60% of the market share in terms of revenue. On the basis of Technique, the Frozen Fruits market is segmented into freeze drying and IQF. The IQF segment is projected to increase at the highest CAGR during the forecast period, as it avoids lumping of frozen fruits, predominantly pulpy fruits such as sliced mangoes.

Region Analysis:

Geographically the North America Frozen Fruits Market is segmented into US, Canada and Rest of North America. People in the developed countries have become mindful towards content in the food products and inspect the ingredients being utilised by companies. User predilection towards hygiene related frozen products combined with the new trend of online grocery purchase are anticipated to have a progressive impact on the regional growth during the forecast period. Additionally, the Food Safety Authorities in this region are striking a limit on the usage of artificial flavours, additives, and other contact substances, which is further expected to drive the market in this region.

Key Players in the Market:

This industry is extremely influenced by the macro-economic state of an economy, as the intake of frozen fruit products drop sharply due to economic slumps.

Major Key Players in the North America Frozen Fruits Market are

  • Pinnacle Foods Inc
  • Welch Foods
  • Ardo NV
  • SunOpta Inc
  • Kendall Frozen Fruits Inc
  • Uran Food Group Limited
  • Kerry Group Plc
  • Nestle
  • ConAgro Foods Inc
  • General Mills          

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 New Developments                

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)  

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 By Application                           

                                5.1.1 Confectionery & Bakery    

                                5.1.2 Jams & preserves

                                5.1.3 Fruit-based Beverages       

                                5.1.4 Dairy          

                                5.1.5 Other Applications               

                5.2 By Product type                        

                                5.2.1 Citrus fruits             

                                5.2.2 Red fruits & berries             

                                5.2.3 Tropical fruits        

                5.3 By Technique                            

                                5.3.1 Freeze drying         

                                5.3.2 IQF             

6. Geographical Analysis                                              

                6.1 Introduction                              

                6.2 United States                            

                6.3 Canada                         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                        

                8.1 Pinnacle Foods Inc.                 

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Strategic Evaluation and Operations            

                                8.1.4 Financial analysis  

                                8.1.5 Legal issues            

                                8.1.6 Recent Developments       

                                8.1.7 SWOT analysis       

                                8.1.8 Analyst View          

                8.2 Welch Foods                              

                8.3 Ardo NV                       

                8.4 SunOpta Inc.                              

                8.5 Kendall Frozen Fruits Inc.                      

                8.6 Uran Food Group Limited                     

                8.7 Kerry Group Plc                         

                8.8 Nestle                          

                8.9 ConAgro Foods Inc.                 

                8.10 General Mills                           

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures  

                9.4 New Product Launches                          

10. Expert Opinions                                        

                10.1 Market Outlook                     

                10.2 Investment Opportunities                 

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

 

  1. North America Frozen Fruits Market By Region, From 2022 - 2027 (USD Billion)
  2. North America Frozen Fruits Market By Application, From 2022 - 2027 (USD Billion)
  3. North America Confectionery & Bakery Market By Region, From 2022 - 2027 (USD Billion)
  4. North America Jams & preserves Market By Region, From 2022 - 2027 (USD Billion)
  5. North America Fruit-based Beverages Market By Region, From 2022 - 2027 (USD Billion)
  6. North America Dairy Market By Region, From 2022 - 2027 (USD Billion)
  7. North America Other Applications Market By Region, From 2022 - 2027 (USD Billion)
  8. North America Frozen Fruits Market By Product type , From 2022 - 2027 (USD Billion)
  9. North America Citrus fruits Market By Region, From 2022 - 2027 (USD Billion)
  10. North America Red fruits & berries Market By Region, From 2022 - 2027 (USD Billion)
  11. North America Tropical fruits Market By Region, From 2022 - 2027 (USD Billion)
  12. North America Frozen Fruits Market By Technique, From 2022 - 2027 (USD Billion)
  13. North America Freeze drying Market By Region, From 2022 - 2027 (USD Billion)
  14. North America IQF Market By Region, From 2022 - 2027 (USD Billion)
  15. United States Frozen Fruits Market By Application, From 2022 - 2027 (USD Billion)
  16. United States Frozen Fruits Market By Product type , From 2022 - 2027 (USD Billion)
  17. United States Frozen Fruits Market By Technique, From 2022 - 2027 (USD Billion)
  18. Canada Frozen Fruits Market By Application, From 2022 - 2027 (USD Billion)
  19. Canada Frozen Fruits Market By Product type , From 2022 - 2027 (USD Billion)
  20. Canada Frozen Fruits Market By Technique, From 2022 - 2027 (USD Billion)

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