With 2.74% CAGR, Frozen Fruits and Vegetables Market to reach US$ 30.1 Billion by 2027 | Global Industry Report And Forecast

PRESS RELEASE
Published February 6, 2023

According to the latest report by IMARC Group, titled “Frozen Fruits and Vegetables Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global frozen fruits and vegetables market reached a value of US$ 25.4 Billion in 2021.Looking forward, the market volume is projected to reach US$ 30.1 Billion by 2027, at a projected CAGR of 2.74% during 2022-2027

Frozen fruits and vegetables are peeled, chopped, and blanched to prevent browning and then flash-frozen for immediate consumption. They are frozen to retain the flavor, color, and nutritional value of the produce and slow down the decomposition process by turning moisture into ice. They are low-cost, easy to prepare, available during the off-season, and immune to spoilage that occurs during transportation and exposure to heat, light, and dust.   

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Frozen Fruits and Vegetables Market Trends:

The primary factor driving the global frozen fruits and vegetables market is the increasing consumer awareness regarding the health benefits of the product. In line with this, the surging working populace and the rising consumer expenditure power are providing an impetus to the market growth. Furthermore, key market players are introducing new product variants by incorporating herbs and spices from local produce to increase their consumer base and expand their portfolio, which is creating a positive outlook for the market. Apart from this, the easy product availability in online retail channels, supermarkets, and hypermarkets at affordable price points and convenient packaging solutions, and the increasing consumer health consciousness are providing an impetus to the market growth. Moreover, the growing product demand across the food and beverage (F&B) industry and burgeoning investments in developing and upgrading cold chain infrastructure are positively contributing to the market growth.

Frozen Fruits and Vegetables Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the frozen fruits and vegetables market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Dole Food Company, Inc
  • Ardo NV
  • HJ Heinz
  • Simplot Australia Pty. Ltd
  • General Mills

Key Market Segmentation:

Breakup by Product Type:

  • Frozen Fruits
  • Frozen Vegetables

Breakup by Distribution Channel:

  • Business-to-Consumer (B2C)
    • Supermarkets/Hypermarkets
    • Independent Retailers
    • Convenience Stores
    • Online
    • Others
  • Business-to-Business (B2B)

Regional Insights:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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Key Highlights of the Report:                                                    

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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