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Frozen Foods Market Overview, Industrial Statistics, Development and Forecast to 2030

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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 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 Key Frozen Fruits Market Players 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 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.

 

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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