The scope of the “Frozen Fruits Market t2027 – Analysis and Forecast by segments and Geography” study involves understanding the factors affecting the market growth, estimating and forecasting the revenue, conducting the market share analysis, and spotting significant market players along with their key developments.
The global frozen fruits market was valued at US$ 2,528.46 million in 2019 and is projected treach US$ 3,769.45 million by 2027; it is expected tgrow at a CAGR of 5.2% during 2020–2027. Fruits picked at their peak ripeness are quickly frozen and packaged at liquid nitrogen temperature. The process provides increased shelf life tthe fresh fruits. Like fresh fruits, frozen fruits are enriched with various antioxidants, minerals, and vitamins. However, the easy availability of frozen fruits, especially the seasonal ones, compared tfresh fruits has been fueling their demand in the world.
The frozen fruits market, by product type, is segmented intcitrus fruits, tropical fruits, berries, and others. In 2019, the tropical fruits segment dominated the market. In addition tfreezing, the producers may alsfurther process tropical fruits by washing, peeling, grading, cutting, blanching, deactivating enzyme activity, etc., depending on the form preferred for the final product. Many frozen tropical fruits such as mango, papaya, apple, litchi, banana, dragon fruit, plum, guava, and passion fruit are trending worldwide. Frozen tropical fruits are used in fruit cocktails, smoothies, ice cream, desserts, preservatives, pastries, yogurts, and drinks. A few tropical fruits primarily used in the processing of ethnic foods include frozen mangoes (chutney), frozen avocad(guacamole), and guavas (Ponche Navideño). Growing applications of tropical fruits in various products is expected tpropel the market of this segment.
The COVID-19 outbreak has affected economies and industries in various countries due timposed lockdowns, travel bans, and business shutdowns. Food processing is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. China is the hub of manufacturing and the largest raw material supplier for various industries worldwide, and disturbed operations in the country are affecting several businesses from all other countries dependent on its manufacturing sector. The overall collapse of the global economy due tCOVID-19 is further hindering the growth of the frozen fruits market.
The global frozen fruits market, by geography, is broadly segmented intfive regions—North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America. Europe accounted for the largest share of the global frozen fruits market in 2019, followed by North America and Asia Pacific. Europe is home ta few major players such as Greenyard, SunOpta Inc., and General Mills Inc. The frozen fruits market in Asia Pacific is estimated tgrowth at the highest CAGR during the forecast period.
Frozen Fruits Market, by Product Type
- Citrus Fruits
- Tropical Fruits
- Berries
- Others
Frozen Fruits Market, by Application
- Confectionery and Bakery
- Jams and Preserves
- Fruit-based Beverages
- Dairy
- Others
Frozen Fruits Market, by Technique
- Freeze Drying
- Individual Quick Freezing
Global Frozen Fruits Market – By Geography
- North America
- Europe
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific
- China
- Australia
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
