Processed & Frozen Fruits Market By Growth Factors, Regions, Key Players And Applications, Forecast By 2028Posted by Mrudula Karmarkar on August 29th, 2022 The global processed & frozen fruits market size is expected to reach USD 66.94 billion by 2028, registering a CAGR of 4.1% from 2022 to 2028, according to a new report by Grand View Research, Inc. The growing processed and packed food industry and rising spending on food products are expected to promote market growth over the forecast period. Moreover, the increasing consumption of packaged fruits due to the presence of more health-promoting antioxidants than fresh fruits has anticipated market growth in the forecast period. A lockdown situation has been observed during the COVID-19 pandemic, and it showed an impact on the market due to the suspended or delayed supply of fruit products. Moreover, the increasing demand for packaged fruit products after the pandemic will create opportunities for the market players. The frozen segment is expected to grow with the fastest growth rate of 4.9% from 2022 to 2028. Frozen fruits as convenient nutritious food made available for consumers through retail channels is driving the growth of the market. Moreover, the growing popularity and demand for frozen food coupled with the increasing disposable income of the consumers are the significant factors of the market growth. Additionally, the rising demand for processed and packaged food products worldwide has propelled the market growth. The online segment of the market is anticipated to register the fastest growth with a CAGR of 4.6% from 2022 to 2028 over the forecast period. The rising adoption of the e-commerce sector for the shopping of consumer goods and food products by consumers due to the internet penetration has witnessed lucrative growth in recent years. Several suppliers of these products are offering products on their websites as well as on the e-commerce platforms have boosted the market growth. North America made the largest contribution to the global processed & frozen fruits market share with over 30% in 2021. The increasing awareness about the health benefits of consuming processed fruit in this region is propelling the growth of the market. In addition to this, rapid change in the lifestyle of consumers who are more concerned about health and wellness are boosting the industry's growth over the upcoming years. The rising consumption of packaged food products in the U.S., and Canada due to the presence of high nutrition, and low calories in fruit products have boosted the market growth. To Request Sample Copy of this report, click the link: The increasing growth in the processed food sector coupled with rising spending on food products, specially packaged fruits is expected to promote market growth over the coming years. Moreover, the rising health concerns and increasing awareness about the benefits of processed fruits among consumers in emerging economies are major driving factors of the market growth.The increasing consumption of packaged fruits due to the presence of more health-promoting antioxidants than fresh fruits has supplemented the market growth in the forecast period. The rising population coupled with growing urbanization across the globe and increasing disposable income are boosting the growth of the global market. Furthermore, the market is driven by the trend of convenience food in the developed region. Processed & Frozen Fruits Market Report Highlights
The lockdown announced during the COVID-19 pandemic had disturbed transportation and suspended the supply of fruit products for a short duration as well as significant impacts on the export and import of the processed & frozen fruits market across the globe. The increasing demand for packaged fruits after the pandemic will create opportunities for the market players. Thus, the market is expected to witness a healthy market growth rate in the upcoming years. The marker consists of various established players such as Conagra Brands Inc., Dole Food Company, Del Monte Foods Inc., SunOpta, and local manufacturers. Various manufacturers and suppliers have expected to focus on the logistic development and strengthening of the distribution channel to grow their business. Such initiatives are expected to boost the adoption rate of the product among consumers around the globe. The market is further driven by increasing strategic alliances between key players, including mergers, acquisitions, joint ventures, and innovative product launches. Some of the key players operating in the global processed & frozen fruits market include: -
Like it? Share it! More by this author |