Global Frozen Fruits and Vegetables Market – Industry Trends and Forecast to 2030

Frozen Fruits and Vegetables Market Analysis and Size

Frozen fruits and vegetables storage is a common method of conservation. This inhibits microbial expansion, and increases market shelf-life. The frozen fruits and vegetable that has been wrapped in a package and stored at 0°Frequency temperature is safe to eat. As a result, frozen fruits and vegetable is frequently transported overseas or internationally. Certain foods and meats are seasonal and only available in a specific area, so the adoption of freezer technology allows food storage throughout the year and supply across the globe.

Data Bridge Market Research analyses that the global frozen fruits and vegetables market which was USD 28.85 billion in 2022, is expected to reach USD 44.96 billion by 2030, growing at a CAGR of 5.7% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Frozen Fruits and Vegetables Market Scope and Segmentation

Market Definition

Frozen fruits and vegetables are food products that have been harvested at their peak ripeness, processed, and then frozen to preserve their freshness, flavor, and nutritional value. This preservation method involves quickly freezing the produce at very low temperatures to prevent the growth of microorganisms and enzymes that can cause spoilage

Global Frozen Fruits and Vegetables Market Dynamics

Drivers

• Rising Preference for Experiencing different Food Commodities

Customers increasing preferences for frozen commodities, as well as their interest in expanding information and eagerness to experience multiple nutritional values, are the primary key leaning propelling the business of the global frozen fruits and vegetables market. Some of the fruits and vegetables are only available in their respective seasons, freezing them provides access to off season commodities throughout the year.

• Wide use of E-Commerce Portals

Due to the products ease of use and time savings, the market is growing in popularity among consumers, particularly young professionals. By introducing new product varieties, this scenario is expected to provide potential opportunities for the global market. Over the last few years, stable economic growth associated with the developing mining industry has resulted in increased job opportunities, thereby increasing the average income of consumers. Furthermore, due to the growing penetration of e-commerce and online delivery services driven by an accelerated lifestyle, eateries and restaurants worldwide are relying on global frozen fruits and vegetables to meet the demand for exotic dishes. This scenario anticipates global market growth in the forecast period of 2023 to 2030.

Opportunity

• New Entrants Expanding into New Markets

To meet this rising demand, an increasing number of frozen fruits and vegetables manufacturers are entering the market, with new entrants expanding into new markets. As a result, food trading in the frozen meat industry is becoming increasingly international in most countries. As a result, supply chains are becoming larger and more complicated, resulting in a greater need for fruits and vegetables to remain fresh for extended periods, driving sales of frozen fruits and vegetables.

Restraint/Challenge

• High Costs associated with the Acquisition of Freezing Equipment

High costs associated with the acquisition of freezing equipment may pose a significant threat to the growth of the global frozen fruits and vegetables market. Furthermore, frozen foods contain various types of preservatives that will affect the human body, which is another major factor expected to impede the growth of the global frozen fruits and vegetables market during the forecast period of 2023 to 2030.

This global frozen fruits and vegetables market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global frozen fruits and vegetables market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In October 2018, Suguna Poultry Farm Ltd announced opening a cold storage facility in Tiruchi. It has a capacity of 25 tonnes of fruits and vegetables. This will give you ready-to-eat salads as well as juices.
• In November 2018, Russia and China signed a trade agreement, under which Russia will begin exporting frozen fruits and vegetables products to China. This will assist both countries in developing a mutually beneficial relationship. To meet Russia's and China's veterinary and sanitary requirements, products that can be frozen are exported.

Global Frozen Fruits and Vegetables Market Scope

The global frozen fruits and vegetables market is segmented on the basis of type, distribution channel, category, and form. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Fruits
• Vegetables

Category

• Organic
• Conventional

Form

• Whole
• Sliced and Cubed
• Others

Distribution channel

• Store based
• Non store based

Global Frozen Fruits and Vegetables Market Regional Analysis/Insights

The global frozen fruits and vegetables market is analysed and market size insights and trends are provided by country, type, distribution channel, category, and form as referenced above.

The countries covered in the global frozen fruits and vegetables market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Poland, Sweden, Denmark, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Hong Kong, Philippines, New Zealand, Taiwan, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the global frozen fruits and vegetables market in terms of the majority of market share and is expected to drive growth over the forecast period of 2023 to 2030. This is primarily due to people's high disposable income combined with a hectic lifestyle, changing eating habits, and a preference for ready-to-eat products in this region's countries.

Asia Pacific region is expected to grow the fastest in the global frozen fruits and vegetables market during the forecasted period of 2023 to 2030, due to changing eating habits, an increasing working-class population, the high influence of Western food habits, rising disposable incomes, busy lifestyles, and a thriving modern retail industry, to name a few factors.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Global Frozen Fruits and Vegetables Market Share Analysis

The frozen fruits and vegetables market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to frozen fruits and vegetables market.

Some of the major players operating in the frozen fruits and vegetables market are:

• Kraft Foods (U.S.)
• BRF S.A. (Netherlands)
• Astral Foods (India)
• Hormel Foods (Hungary)
• 2 Sisters Food (France)
• Waitrose (Columbia)
• Wm. Morrison Supermarkets (U.K.)
• Samworth Brothers (U.S.)
• General Mills Inc (U.K.)
• Conagra Brands, Inc (U.S.)
• Nestlé (U.S.)
• Unilever (India)
• Kellogg Co (U.S.)
• McCain Foods Ltd. (U.S.)
• The Kraft Heinz Company. (U.S.)
• Associated British Foods plc (U.K.)
• Ajinomoto Foods (Japan)
• LantmännenUnibake (Germany)

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