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Frozen Fruits Market Analysis by Nature (Organic, and Conventional); by Form (Whole, Diced, and Sliced); by Fruit Type (Red Fruits, Citrus Fruits, Berries, and Tropical Fruits); by Technique (Individually Quick-Frozen (IQF), and Freeze Drying); by Application (Dairy, Confectionery & Bakery, Fruit-Based Beverages, Jams & Preserves, and Others); and by Distribution Channel (Online, and Offline) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

  • Report ID: 139
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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

 

  • SunOpta Inc. declared the acquisition of the Dream and WestSoy plant -based beverage brands from The Hain Celestial Group, Inc. The purpose is to enrich the company’s plant-based foods and beverages segment.

  • Danone S.A. launched the first-ever Dairy and Plants Blend baby formula, designed to meet parents' increasing demand for plant-based, vegetarian, and flexitarian options. Moreover, by introducing mild plants flavors to babies and toddlers, the Dairy & Plants Blend formula is estimated to help in shaping up their food preferences in the future.

Global Frozen Fruits Market Size, Forecast, and Trend Highlights Over 2023 - 2033

Base Year

2022

Forecast Year

2023-2033

CAGR

~9%

Base Year Market Size (2022)

 ~ USD 28 Billion

Forecast Year Market Size (2033)

~ USD 35 Billion

 

The global frozen fruits market is estimated to garner a revenue of ~USD 35 Billion by the end of 2033 by growing at a CAGR of ~9% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 28 Billion in the year 2022. The growth of the market is primarily attributed to the growing demand for non-regional fruits and the presence of plentiful vital antioxidants and vitamins in these frozen fruits. For instance, 60 calories, 1g of protein, 14.3g of carbohydrates, 3g of fiber, 66mg of vitamin C, and 0.5g of fat are included in one cup of frozen berries.

fruit market overview

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Frozen fruits are convenient and nutritious food items that are subjected to freezing and kept in the frozen form till used by people. They are very popular among customers and are widely available in the market at affordable prices. Moreover, fruits are collected at their maximum ripening stage and are washed, blanched, cut, frozen, and stored in just a few hours for the period when fresh fruits are not available. In order to avoid contamination, frozen fruits are treated with sugar or ascorbic acid and their nutrient level remains constant even after freezing. Therefore, frozen fruit demand is soaring high as health-conscious people prefer to include these fruits in their diet to get the maximum health benefits. For instance, the average volume consumption per person of processed & frozen fruits is anticipated to reach 1.9 kg in 2022.

Global Frozen Fruits Market: Growth Drivers and Challenges

Growth Drivers

  • Increasing Access of Internet & Media- People are now more familiar with the lifestyles and traditions of various countries and areas through the internet and other forms of media. As a result, certain regionally-specific cuisine items have gained popularity on a worldwide scale. As per the data released by the World Bank, by 2020, the number of individuals using the internet had reached around 60% of the global population.
  • New Emerging Technologies of Food Processing- There are varied technology options available, ranging from simple and inexpensive to complex and advanced for generating cold conditions for food handling, processing, and storage. Isochoric freezing (ICF) is such an innovative and energy saving freezing technique that enables biological matter to be preserved at subfreezing temperatures without the formation of ice in the fruits and vegetables. Thermodynamic studies have proven that freezing in an isochoric system is estimated to consume approximately 73% less energy than a conventional freezing technique.
  • Rise in Working Population- The rapidly expanding working population leads to an increase in demand for ready-to-eat food products such as frozen fruits. For instance, as per a report, the employment to population ratio has been increased to approximately 56 per cent worldwide.
  • Increasing Disposable Income- Increasing disposable income leads to spend more, thus the tendency of consumption also gets increased. Therefore, it is anticipated to drive the growth of the global frozen fruits market. According to the data provided by the Bureau of Economic Analysis, in USA the personal income and disposable personal income (DPI) has increased USD 133.5 billion (0.6%), and USD 120.4 billion (0.7%) respectively by June 2022.
  • Global Increase in Fruits Consumption- Fruits are an essential part of our diet as they are very good supplements of various nutrients, but lack of fruits intake leads towards the serious effects on health. As per the data provided by the World Health Organization (WHO), low fruit and vegetable consumption is responsible for 16 million (1.0%) DALYs and 1.7 million (2.8%) deaths globally. Moreover, people across the globe are more conscious about their health, therefore they prefer more fruits, vegetables in their diet. The worldwide consumption of fruits and nuts reached approximately 261 Million metric tons in 2021.

Challenges

  • Easy Accessibility of Frozen Fruits Substitutes
  • Issue of High-Moisture in Some Fruits
  • Risk of Contamination

The global frozen fruits market is segmented and analyzed for demand and supply by fruit type into red fruits, citrus fruits, berries, and tropical fruits. Out of these, berries segment is expected to hold the highest growth over the forecast period owing to the surge in warm climate around the world which has reduced the consistent production of berries, as a result, consumer demand has increased for frozen berries. As per the data released by the National Centers for Environmental Information, at 0.95°C (1.71°F) above the average for the 20th century, the worldwide surface temperature deviation for March 2022 was the fifth highest in the 143-year record. Additionally, since November 2020, this was the highest monthly temperature deviation.

Global Frozen Fruits Market Regional Synopsis

Regionally, the global frozen fruits market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2033 backed by the rising trend of veganism in people, handiness of several ranges of frozen fruits products, and growing use of frozen fruits in varied food manufacturing’s, such as confectionery & bakery. For instance, currently, above 10 million Americans are vegans.

fruit market share

The global frozen fruits market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global frozen fruits market includes the following segments:

              By Nature

  • Organic
  • Conventional

             By Form

  • Whole
  • Diced
  • Sliced

           By Fruit Type

  • Red Fruits
  • Citrus Fruits
  • Berries
  • Tropical Fruits

 

           By Technique

  • Individually Quick-Frozen (IQF)
  • Freeze Drying

         By Application

  • Dairy
  • Confectionary & Bakery
  • Fruit Based Beverages
  • Jams & Preserves
  • Others

        By Distribution Channel

  • Online
  • Offline

Top Featured Companies Dominating the Global Frozen Fruits Market

  • Nestlé S.A. (Nestlé)

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Welch Foods, Inc.
  • SunOpta, Inc.
  • Titan Frozen Fruit
  • Frutex Australia Pty Ltd
  • Danone S.A.
  • Nomad Foods Europe Limited
  • Val-Mex Frozen Foods, LLC.
  • Newberry International Produce Limited
  • Del Monte Food Inc.

 

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