The frozen fruits and vegetables market is predicted to reach USD 4.31 billion in 2023 and record a CAGR of 6.7% over the forecast period. The frozen fruit and vegetable market is projected to reach USD 8.24 billion in value by 2033.
The frozen fruits and vegetables market is expected to rise due to rising demand from the food service and hospitality sectors. In the upcoming years, it is anticipated that the ongoing technological improvements and rising efficiency in the transportation and logistics sectors may strengthen the dynamics of demand in the global market.
The growing amount of investments made by public and private players to improve the cold chain infrastructure in several developing economies may have a positive effect on the sales of frozen fruits and vegetables, even though the demand for fresh, organically grown, and farm-to-table natural fruits and vegetables may restrain the frozen fruits and vegetables market growth.
The adoption of different products in the global frozen fruits and veggies market in the urban population is also being driven by the rising awareness among the global population regarding the importance of consuming fruits and vegetables to give the body the necessary nourishment and food components.
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The main factors driving the frozen fruits and vegetables market growth are consumers' rising preferences for frozen goods, together with their curiosity about new knowledge and enthusiasm to sample foods with various nutritional benefits. Since some fruits and vegetables are only available during their specific seasons, freezing them makes off-season goods available all year long.
The frozen fruits and vegetables market is becoming well-liked among consumers, especially young professionals, because of the product's simplicity of application and time savings. This scenario is anticipated to present prospective chances for the global market by offering new product variations. The mining industry's steady economic expansion over the past few years has improved job opportunities, raising average consumer income.
Restaurants and eateries all over the world are relying on frozen fruits and vegetables to meet the demand for unusual cuisine as a result of the increased penetration of e-commerce and online delivery services pushed by an accelerated lifestyle. According to this scenario, the global market may strengthen in the next years.
| Attributes | Details |
|---|---|
| Frozen Fruits and Vegetables Market CAGR (2023 to 2033) | 6.7% |
| Frozen Fruits and Vegetables Market Size (2023) | USD 4.31 billion |
| Frozen Fruits and Vegetables Market Size (2033) | USD 8.24 billion |
Principal Consultant
The frozen fruits and vegetables market has grown significantly over the past several years, with a CAGR of 6.7%, and was estimated to be worth USD 4.31 billion in 2023. The market is anticipated to expand steadily as consumers become more aware of the advantages and uses of frozen fruits.
Fruits that are kept at a temperature where all the moisture is in a solid state are referred to as frozen fruits. To stop the growth of germs, these fruits are kept at a temperature of fewer than -9.5 degrees Celsius. As a result, the fruits stay fresh for a longer period and the process of decomposition is slowed down.
Fruits that have been frozen have higher levels of important vitamins and potentially beneficial antioxidants than fruit that have been freshly picked.
To Frozen Fruits, there are Essentially Two Techniques:
Rising consumption of frozen fruits is predicted to boost the market in the next years as the health and nutrition aspect of consumer food choices continues to dominate.
The Emergence of the Retail Industry
Frozen fruit and vegetable producers are going to have a lot of opportunities as a result of the food retail industry's digital revolution to upgrade their facilities and customer service to keep up with trends and meet consumer demand.
The significant potential is being created for the frozen fruit and vegetable market by the rise in customer preference for online grocery shopping due to its convenience and the availability of a large selection of frozen fruits and vegetables on online platforms.
The primary trend that is anticipated to drive the frozen fruits and vegetables market growth is grocery shopping online. Additionally, the manufacturers can sell their food goods and display a wide choice of products in many categories thanks to the online shopping platform.
Retail grocery shopping is becoming one of the platforms for frozen food makers to thrive in the market, in addition to rising smartphone and internet usage. Manufacturers of frozen fruits and vegetables should benefit greatly from changes in customer shopping habits and rising demand for fast supermarket shopping.
The industry is anticipated to grow at a faster rate because of characteristics like the convenience and a wide range of alternatives, which is anticipated to present a significant potential for the frozen fruits and vegetables market in North America.
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A significant market restraint may come from the growing consumer preference for eating fresh and organic foods. Even though the market is witnessing an increase in demand for easy frozen fruit and vegetables, there are some restraints, like health consciousness toward the consumption of organic foods that can limit market expansion.
For a company to gain frozen fruits and vegetable market share, cold chain logistics are crucial. It is sure to prevent them from selling frozen food goods safely because building a cold chain infrastructure can be one of the hurdles. Due to a lack of investment in the cold chain logistics industry, several nations with growing economies are currently experiencing a financial crisis. This has an immediate effect on the market's import and export companies.
Through 2033, the offline sector held a frozen fruits and vegetables market share of more than 80% for frozen fruit and vegetables. The demand for frozen fruits can be met by brick-and-mortar stores with deep freezers and chest freezers. These include convenience stores, warehouse clubs, supercenters, and supermarkets.
Through 2033, the online distribution channel is anticipated to record a strong CAGR of 7.7%. The development of a sophisticated supply chain management system, which encompasses cross-contamination, cold-chain, and hygiene management, is a result of the online distribution of frozen fruits. The development of transportation, combined with shortened delivery times and product quality control, has been extremely important to the expansion of the market.
The demand for frozen fruits and vegetables in North America is rising as urbanization and the adoption of a healthy lifestyle expand. Additionally, rising canned and frozen food consumption contributes to the market's expansion. The frozen fruits and vegetables market participants' sales and profits are expanding as a result of the growing vegan population.
Individuals' busy schedules and changing lifestyles have accelerated the market's consumption trend for canned and frozen foods. Manufacturers have created numerous healthier alternatives and fresh, inventive launches as a result of the rise in consumption. Out of all the advancements, only fruits and vegetables are employed as ingredients in different canned and frozen foods.
The market may expand globally with so many new products being introduced and manufacturers shifting their focus to innovative frozen and canned fruits and vegetables. The sector is anticipated to experience more new product launches and developments as the frozen fruits and vegetables market expands, propelling the market toward a favorable escalation.
Consumer demand for shelf-stable food is expanding as a result of busy lifestyles. The demand for convenience foods has increased due to the growing number of working women and economic growth. Frozen desserts, ready-to-cook meals, and uncooked foods were once sold on the market.
Due to the shorter preparation time required for ready-to-cook frozen foods, convenience is the main factor affecting consumer preference. Frozen food products are now easily accessible thanks to growing technological developments, such as freezing technologies and a cold chain supply chain, which in turn supports the frozen fruits and vegetables market expansion.
Food that has been frozen is now more affordable as a result of new technology. The growth of the industry is impacted by elements such as how the flavors, particularly sweetness, fat content, and texture, alter fresh meals.
The European market is expanding as a result of rising urbanization and rising acceptance of a healthy lifestyle. Food consumption is rising, which further fuels market expansion. The market participants' sales and profits are rising as a result of the growing vegan population.
The market demand is increasing as more people become aware of the health advantages of fruits and vegetables. The customer choice for healthy food alternatives is changing as a result of rising urbanization and high disposable income.
Due to its health advantages, vegetarian food like fruits and vegetables is preferable. The demand for fruits and vegetables is rising as a result of people's growing concerns about the nutritional value of food.
Numerous health advantages linked to the eating of fruits and vegetables are consequently luring many health-conscious consumers toward it, spurring the frozen fruits and vegetables market expansion.
The key producers in the area are concentrating on supply chain optimization while stepping up production to meet the escalating frozen fruits and vegetables market demand. Producers use strategic alliances like acquisitions, joint ventures, and mergers to expand into new markets and maintain a sizable market share.
Recent Development:
Showcase
| Date | March 2016 |
|---|---|
| Company | Kendall Frozen Fruits |
| Details | At the Southern California Institute of Food Technologists (SCIFT) Suppliers' Night held in Anaheim, United States, in March 2016, Kendall Frozen Fruits displayed their selection of frozen fruit. |
| Date | July 2015 |
|---|---|
| Company | Welch Foods |
| Details | Welch Foods displayed its product options, which included frozen fruit, at the Institute of Food Technologists (IFT) Annual Expo in Chicago, United States, in July 2015 to develop sales leads and attract media and customer interest. |
| Date | February 2016 |
|---|---|
| Company | Ravifruit |
| Details | To promote its product choices, Ravifruit, the frozen fruit division of Kerry Group, displayed its frozen fruit selections at the Gulfood 2016 international food and beverage expo in Dubai in February 2016. This event draws over 90,000 industry professionals. |
Agreement
| Date | November 2018 |
|---|---|
| Company | Russia and Chinas |
| Details | Russia is anticipated to start exporting frozen fruits and vegetables to China as a result of a trade agreement that the two countries struck in November 2018. This is anticipated to aid both nations in forging a relationship that benefits both. Products that can be frozen are exported to satisfy the hygienic and veterinary standards of China and Russia. |
Acquisition
| Date | January 2016 |
|---|---|
| Company | Pinnacle Foods |
| Details | In January 2016, Pinnacle Foods completed the acquisition of Boulder Brands Inc. to broaden its presence in the health & wellness category of products and refrigerated foods. |
Opening
| Date | October 2018 |
|---|---|
| Company | Suguna Poultry Farm Ltd. |
| Details | The opening of a cold storage facility in Tiruchi was announced by Suguna Poultry Farm Ltd. in October 2018. It has a 25-ton fruit and vegetable capacity. This is anticipated to provide you with juices and salads that are ready to eat. |
The market is valued at USD 4.31 billion in 2023.
Dole Food Company, Ardo NV, and HJ Heinzare are key market players.
The primary consumer for the frozen fruits and vegetables market is the fast-moving consumer goods industry.
The market is estimated to reach USD 8.24 billion by 2033.
The market is forecast to register a CAGR of 6.7% through 2033.
1. Executive Summary | Frozen Fruits and Vegetables Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Frozen Fruits 5.1.1. Melons 5.1.2. Citrus Fruits 5.1.3. Berries 5.1.4. Mango 5.1.5. Kiwi 5.1.6. Berries 5.1.7. Others 5.2. Frozen Vegetables 5.2.1. Peas 5.2.2. Mushrooms 5.2.3. Carrots 5.2.4. Beans 5.2.5. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Category 6.1. Organic 6.2. Conventional 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 7.1. Store-Based 7.1.1. Supermarkets & Hypermarkets 7.1.2. Convenience Stores 7.1.3. Online Retailers 7.2. Non-Store-Based 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. HJ Heinz 16.2. Findus Sverige AB 16.3. Simplot Australia PTY Ltd. 16.4. Pinnacle Foods Corp. 16.5. Bondeulle Group 16.6. SunOpta, Inc. 16.7. Fruktana Ltd. 16.8. Breukers Schamp Foods 16.9. Ardo N. V. 16.10. Dole 16.11. Capricorn Food Products India, Ltd. 16.12. Alasko Foods Inc. 17. Assumptions & Acronyms Used 18. Research Methodology
Food and Beverage
September 2023
REP-NF-243
315 pages
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Frozen Fruits and Vegetables Market
