Frozen Fruits Market Size, Share, Emerging Trends, Top Players with Strategies and Forecast 2027
According to our latest market study on “Frozen
Fruits Market to 2027 – COVID-19 Impact and Global Analysis – by Product
Type (Citrus Fruit, Tropical Fruits, Berries, and Others); Application
(Confectionery & Bakery, Jams & Preserves, Fruit-based Beverages,
Dairy, and Others); Technique ( Freeze Drying and Individual Quick
Freezing ), and Geography,” the 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. The report highlights key
factors driving the market growth and prominent players, along with their
developments, in the market.
The COVID-19 pandemic began in
Wuhan (China) in December 2019. As of November 2020, the US, Brazil, India,
Russia, South Africa, Mexico, and the UK are among the worst-affected countries
in terms confirmed cases and reported deaths. The COVID-19 outbreak has
affected economies and industries in various countries due to imposed lockdowns
and travel bans, and business shutdowns. The overall market breakdown due to
COVID-19 is also affecting the growth of the frozen fruits market due to
shutting down of factories, obstacles in supply chain, and downturn in world
economy.
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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 in the world. The
increasing awareness of the nutritional value of frozen fruits, coupled with
clean eating habits, has further revitalized the frozen fruits market.
Additionally, changes in consumption patterns and lifestyle have also been
propelling the demand for frozen fruits.
The global frozen fruits market
is concentrated with a few well-established players such as Crop's Fruits NV,
Dole Packaged Foods LLC., MireliteMirsa Co. Ltd., SunOpta Inc., Titan Frozen
Fruits, Wawona Frozen Foods, Welch Foods, Inc., Greenyard, J.R. Simplot
Company, and General Mills Inc.
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