The frozen fruits market was valued at US$ 2,528.46 million in 2019 and is projected to reach US$ 3,769.45 million by 2027; it is expected to grow at a CAGR of 5.2% during the forecast period.
Fruits picked at their peak ripeness are quickly frozen and packaged at liquid nitrogen temperature. The process provides increased shelf life to the 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 to fresh fruits has been fueling their demand globally.
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Key Players:
- Greenyard
- Titan Frozen Fruit
- Dole Packaged Foods LLC.
- Sunopta Inc.
- J.R. Simplot Company
- General Mills Inc.
- Welch Foods, Inc.
- Wawona Frozen Foods
- Mirelite Mirsa Co. Ltd.
- Crop’s Fruits NV
In 2019, Europe held the largest share in the global frozen fruits market, followed by North America and Asia Pacific. Germany and France are dominating the frozen fruits market in Europe. In addition to growing population, rising disposable income and busy lifestyles, propelling the demand for convenience snacking, support the growth of the frozen fruits market in Europe. Additionally, the rising focus of frozen fruit producers on launching new varieties of frozen fruits to attract larger number of consumers has further fueled the market growth in the European countries.
COVID-19 outbreak first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace worldwide. As of November 2020, the US, Brazil, India, Russia, South Africa, Mexico, and the UK are a few of the worst-affected countries in terms confirmed cases and reported deaths. The COVID-19 outbreak has been affecting economies and industries in various countries due to imposition of lockdowns, travel bans, and business shutdowns. Food & beverages is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. The shutdown of various plants and factories in regions such as North America, Europe, and Asia Pacific is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales. Moreover, the global travel bans are affecting the business collaborations and partnerships opportunities. The disruption of operations in the food & beverages industry further has been limiting the frozen fruits market growth in various countries.
After studying key companies, the report focuses on the startups contributing towards the growth of the market. Possible mergers and acquisitions among the startups and key organizations are identified by the report’s authors in the study. Most companies in the Frozen Fruits Market are currently engaged in adopting new technologies, strategies, product developments, expansions, and long-term contracts to maintain their dominance in the global market
Analysis tools such as SWOT analysis and Porter’s five force model have been inculcated in order to present a perfect in-depth knowledge about Frozen Fruits Market. Ample graphs, tables, charts are added to help have an accurate understanding of this market. The Frozen Fruits Market is also been analyzed in terms of value chain analysis and regulatory analysis.
In-depth qualitative analyses include identification and investigation of the following aspects:
Market Structure
Growth Drivers
Restraints and Challenges
EmerFrozen Fruitsg Product Trends & Market Opportunities
Risk Assessment for Investing in Global Market
Critical Success Factors (CSFs)
The competitive landscape of the market has been examined on the basis of market share analysis of key players. Detailed market data about these factors is estimated to help vendors take strategic decisions that can strengthen their positions in the market and lead to more effective and larger stake in the global Frozen Fruits Market. Pricing and cost teardown analysis for products and service offerings of key players has also been undertaken for the study.
The Table of Content for Frozen FruitsMarket research study includes:
- Introduction
- Key Takeaways
- Research Methodology
- Frozen Fruits Market Landscape
- Frozen Fruits Market – Key Market Dynamics
- Frozen Fruits Market – Global Market Analysis
- Frozen Fruits Market – Revenue And Forecasts to 2027 – Type
- Frozen Fruits Market – Revenue And Forecasts to 2027 – Type of Product
- Frozen Fruits Market – Revenue And Forecasts to 2027 – Service
- Frozen Fruits Market Revenue And Forecasts to 2027 – Geographical Analysis
- Impact of Covid-19 Pandemic on Global Frozen Fruits Market
- Industry Landscape
- Frozen Fruits Market, Key Company Profiles
- Appendix
- List of Tables
- List of Figures
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