Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Frozen fruits refer to fruits that have reduced their temperature and maintained to below their freezing point for the purpose of storage and transportation until they are ready to be eaten. Further, they may be commercially packaged or frozen at home. Apart from this, a wide range of frozen fruits are sold in supermarkets and hypermarkets.
The global frozen fruits market is anticipated to flourish at a CAGR of 5.3% during the forecast period 2017-2024. Further the market of frozen fruits was estimated at a value of USD 1.92 Billion in 2016 and the market is projected to reach USD 2.93 Billion by 2024. Factor such as, vital vitamins and potentially useful antioxidants are anticipated to drive the growth of the global frozen fruits market over the forecast period.
In the regional market, North America is anticipated to account for a significant portion of market share in the overall market of frozen fruits during the forecast period. Factor such as, availability of various range of frozen fruits products is anticipated to fuel the growth of the frozen fruits market over the forecast period. Further, U.S. has the major share of 64.93% in the frozen fruits market for the period 2015 followed by Canada with 35.07%.
Further, Asia-Pacific frozen fruits market is expected to flourish at a significant rate over the forecast period. Factor such as, increasing online purchase of staple food is anticipated to drive the growth of the frozen fruits market over the forecast period. Europe frozen fruits market is expected to witness substantial growth over the forecast period. Further, shifting customer purchasing patterns and introduction of products with high nutritional value is anticipated to increase the growth frozen fruits market in Europe during the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT
Based on product type, frozen fruits market is segmented into, citrus fruits, red fruits & berries and tropical fruits, out of which, red fruits & berries is expected to dominate the overall frozen fruits market during the forecast period.
Our in-depth analysis has segmented global frozen fruits market into the following segments:
Global frozen fruits market is further classified on the basis of region as follows:
Factor such as, increasing disposable income and innovation in freezing technology across the globe are anticipated to intensify the growth of the global frozen fruits market during the forecast period. In addition, acceleration of urban population in developing countries is estimated to positively drive the growth of the frozen fruits market over the forecast period.
Apart from this, development in cold chain logistics is anticipated to be the dynamic factor behind the growth of the frozen fruits market. Further, increase in the number of working population, precisely the women has resulted in increase in consumption of frozen fruits is expected to supplement the growth of the global frozen fruits market over the forecast period.
However, risk of contamination in frozen fruits and preference to fresh fruits over frozen fruits are some of the key factors which are expected to limit the growth of global frozen fruits market over the forecast period.
Overview of the Parent Market
Analyst View
The global frozen fruits market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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