FROZEN FRUIT MARKET ANALYSIS

1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker     Frozen Fruits 2017—2027  Frozen fruit is one of the healthiest food items that one should consume as it is               a rich source of vitamins, antioxidants, and minerals, all of which enhance the             overall health. Frozen fruits are a convenient alternative of fresh fruits as this             are not available throughout the year. The frozen fruits are picked at peak           ripeness and once they are harvested the fruits are washed, blanched, cut,           frozen and stored within a few hours. The frozen fruits are treated with ascorbic               acid or sugar in order to prevent the spoiling. The nutrients level remains               unchanged even after freezing.                                                                                                        The global frozen fruit market is projected to reach around US$ 3.2 billion by             the end of 2027, in terms of revenue, growing at CAGR of 5.0% during the               forecast period (2019-2027).                                   

2. Drivers  The rising number of the working population with a busy lifestyle is creating             demand for ready-to-eat food products such as frozen fruits is expected to         foster the market growth of frozen fruit. Frozen fruits can be consumed with             minimal processing and a required portion of frozen fruits can be consumed,           whereas the remaining quantity can be repacked after using for later use. This             minimizes the wastage and ensure the ideal usage of fruit. These factors are           anticipated to augment the market growth of frozen fruits.                                                                                          Growth in economic and disposable income is expected to foster the market           growth of frozen fruits. Income growth in emerging markets such as Asia           Pacific, Latin America, and Eastern Europe and the Asian region is increasing           disposable income of consumers in these regions, especially among the           middle-class population which is consumer spending on new goods and         services. This, in turn, is propelling the market growth. According to the World               Bank, South Asia is anticipated to showcase robust economic growth in the             coming years. The growth in the region is projected to incline from 7% in 2015             to 7.6% by 2017.                                                                                                             On basis of the region, Europe region dominated the global frozen fruit market               in 2018, accounting for 37.4% share in terms of revenue, followed by North             America and Asia Pacific respectively.                            Figure 1. Global Frozen Fruit Market, Revenue Share (%), By Region, 2018 

3.   Market Restraints  Perception of consumers associated with the lack of nutrients in frozen fruits is         estimated to hinder the market growth of frozen fruits. As they are being           perceived as processed foods with added preservatives but it has been changed           to an extent across developed countries, such as Germany, U.S., and others.           However, in some developing countries, it will take some time to change the         consumer mindset regarding frozen fruits. This factor is projected to hinder the         market growth of frozen fruit.                                                                                                  Lack of associations for the frozen food products due to lack of advertisement             and awareness regarding the health benefits of frozen fruit across the world is           expected to restrict the market growth. Moreover, lack of proper food           associations that can help people to change their misconceptions regarding             frozen fruits and other related products is further anticipated to restrict market               growth.                                                              Market Opportunities  Increasing penetration of retail and online shopping sector around the globe is           expected to augment the market growth of frozen fruits. Moreover, the advent           of modern retail formats, such as convenience stores, especially in Asian             countries is increasing product visibility and easy accessibility to frozen fruits,         to consumers which are estimated to augment the market growth of frozen                                                                            

4. fruits. According to our primary sources, China’s e-commerce retail sales are           anticipated to reach up to US$ 1,500 Billion by 2018 as compared to US$ 670               Billion in 2015                              Growing demand for frozen fruits from food manufacturers, such as           confectionery &bakery and dairy companies, as they purchase frozen fruits for         further processing of fruit products and to utilize it in various food applications.             Such as frozen fruits can be used to prepare salad, beverages, energy drinks,                 and desserts. Therefore, the rising demand for frozen food is expected to fuel           market growth over the forecast timeframe.                                                                       Figure 2. Global Frozen Fruit Market – Opportunity Analysis    Market Trends  Increasing focus of manufacturers to expand the frozen fruits product range is           a major trend that has been observed in the market of frozen fruits. For             instance, in October 2018, FMCG companies have announced to expand the           ready-to-eat products with the range of frozen food products in an attempt to           diversify and make themselves more appealing to consumers for whom         elaborate cooking is not always an option and prefer a quick heat-and-eat style.                                                                        The rising trend of mergers and acquisitions among major players in order to             attain a competitive edge in the market is anticipated to foster the market             growth of frozen fruits over the forecast period. For instance, in 2015, SunOpta                                                      

5. Inc. – a leading Canadian organic food provider – purchased Sunrise Holdings               Delaware Inc. – an organic frozen fruit supplier, for about US$ 450 Million.             Rising adoption of such a smart strategy is expected to accelerate the market             growth of frozen fruits.                                                    Figure 3. Global Frozen Fruit Market, Revenue Share (%), By Application, in  2018    On the basis of application, in 2018, fruit-based beverages segment has             accounted the largest market share of 43.3% in terms of value, followed by           diary and confectionary & bakery respectively.                           

6.               Figure 4. Global Frozen Fruit Market – Value Chain Analysis    Competitive Section  Key players operating in global frozen fruit market are Uran Food Group                        

7. Limited, Pinnacle Foods Inc., Kendall Frozen Fruits Inc., Ardo NV, SunOpta           Inc., Welch Foods Inc., Agrana Beteiligungs, Kerry Group Plc, SICA SICODIS           and​ Titan Frozen Fruits LLC.                          1. Request Sample Report 2. Download PDF Brochure 3. Request Customization 4. Talk to Analyst Reference https://www.coherentmarketinsights.com/market-insight/frozen-fruit-market-3506 About Us: ​ Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. What we provide: •​Customized Market Research Services •​Industry Analysis Services •​Business Consulting Services •​Market Intelligence Services •​Long term Engagement Model •​Country Specific Analysis

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