IMARC Group’s latest report, titled “Frozen Fruits and Vegetables Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global frozen fruits and vegetables market reached a volume of nearly 24 Million Tons in 2016, growing at a CAGR of 6% during 2009-2016. Frozen fruits and vegetables are currently gaining popularity worldwide as they provide ease of preparation, storage and convenience to the consumers. The freezing process helps in slowing down the microbial growth as well as delays chemical and cellular metabolic reactions. This preserves the quality of the fruits and vegetables for long storage periods, and also retains their taste, texture, colour and nutrients.
Highlights of the Global Frozen Fruits and Vegetables Market:
- A strong demand from the flourishing food industry represents the primary growth driving factor.
- In terms of consumption, frozen vegetables account for the majority of the market share.
- Europe and North America represent the leading markets.
The thriving food industry requires a steady supply of seasonal fruits and vegetables throughout the year. This acts as a major driver inciting the growth of the global frozen fruits and vegetables market. The trend of clean eating coupled with rising awareness about the nutritional value of frozen fruits and vegetables have also contributed to the market growth. Furthermore, technological advancements along with improving cold storage chains in the developing regions have resulted in a systematic supply network of frozen fruits and vegetables. Some of the other growth inducing factors include urbanisation, increasing disposable incomes, fast-paced lifestyles of the consumers and aggressive marketing by the manufacturers. According to the report, the market is further expected to reach a volume of around 30 Million Tons by 2022.
Currently, the market is dominated by frozen vegetables, accounting for the majority of the total share. Within this segment, frozen potatoes and frozen mixed vegetables hold a half of the market share. On the basis of region, Europe and North America represent the largest markets, together accounting for nearly two-thirds of the total global market share. The other major markets include Latin America, Asia-Pacific, and Middle East and Africa. Some of the key players operating in the market are Dole Food Company, Inc., Ardo NV, HJ Heinz, Simplot Australia Pty. Ltd. and General Mills.
The report has examined the global frozen fruits and vegetables market on the basis of:
Frozen Fruits and Vegetables:
- Frozen vegetables
- Frozen fruits
- North America
- Latin America
- Middle East and Africa
- Dole Food Company, Inc.
- Ardo NV
- HJ Heinz
- Simplot Australia Pty. Ltd.
- General Mills
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