Published Date: 16-Jun-2020
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report Global Frozen Fruits Market, published by KBV research, The Global Frozen Fruits Market size is expected to reach $4.9 billion by 2026, rising at a market growth of 8.6% CAGR during the forecast period.
Frozen tropical fruit accounted for the largest share in the overall market. Fruits involve frozen papaya, pineapple, mangoes, coconuts, bananas, passion fruit, strawberry, guava, nance and mamey. Demand for these fruits is greatly impacted by production obstacles owing to unfavorable weather conditions. Frozen berries are projected to grow at an exponential growth rate over the forecast period. The segment includes frozen raspberries, strawberries, blackberries, blueberries, cherries, gooseberries, mulberries, cranberries, gooseberries, red currants, and others.
The offline recorded a dominant market share in the frozen fruit market. The demand for frozen fruits can be satisfied through brick and mortar shops with deep freezers and chest freezers. Supermarkets, supercenters, warehouse clubs and convenience stores are among them. The online distribution channel is projected to grow at the highest CAGR. The online sale of frozen fruit has contributed to the implementation of a dynamic supply chain management system, involving sanitation, cold chain management and cross-contamination control.
North America dominated the industry. Increased demand for frozen fruit in this region is attributed to veganism, which has increased the dependence of the common mass on fruits. Fruit-based foods and beverages have also played a key role in the use of frozen fruit in the region. Asia Pacific is forecast to post the highest CAGR over the forecast period. It is popular in China, Japan, South Korea, India , Taiwan, Indonesia, Thailand , the Philippines, Australia and New Zealand.
Structural Insights: https://www.kbvresearch.com/frozen-fruits-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Nestle S.A., Unilever PLC, Fresh Del Monte Produce, Inc., Nomad Foods Limited, Kendall Frozen Fruits, Inc., Nature's Touch Frozen Foods, LLC, Titan Frozen Fruit, LLC, Harvest Food Group, Inc., Meel Corporation, and Val-Mex Frozen Foods, LLC
By Distribution Channel
Unique Offerings from KBV Research