Processed & Frozen Fruits Market Size, Share, Growth Analysis, By Product(Dried, Canned, Frozen and Convenience), By Distribution Channel(Offline and Online), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30I2159 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 61 | Figures: 75

Processed & Frozen Fruits Market Regional Insights

North America contributed more than any other area in 2022, accounting for over 30% of the global market share. The presence of a well aware consumer base about the benefits of processed and frozen fruits in the developed nations such as Canada and the United States is a significant growth driver promoting the North American market. Additionally, as consumers' lifestyles quickly alter and they become more nervous with their health and wellbeing, the industry's growth will be increased in the coming years. The consumption of packaged foods is rising in the United States and Canada due to fruits' high nutritional value and low-calorie content, which has fueled the market's growth.

Asia Pacific is projected to emerge as the fastest growing region during the forecast period, with a CAGR of 5.4%. Large populations of consumers in China, India, and Japan who consume processed and frozen fruits will fuel regional demand. A growing population and rising disposable income are also anticipated to cause the area to grow at the fastest rate during the forecast period. In the future years, industry growth will be aided by consumer concern over their health.

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Processed & Frozen Fruits Market size was valued at around USD 245.22 billion in 2022 and is poised to grow from USD 259.88 billion in 2023 to USD 413.59 billion by 2031, at a CAGR of 5.98% over the forecast period (2024–2031).

The processed and frozen fruits market is currently dominated by a number of well-known companies, including Conagra Brands Inc., Dole Food Company, Del Monte Foods Inc., SunOpta, and regional producers. In order to expand their businesses, a number of manufacturers and suppliers have anticipated concentrating on the logistical growth and strengthening of the distribution channel. Such efforts are anticipated to increase the product's rate of adoption among consumers worldwide. A growing number of strategic partnerships between major players, including mergers, acquisitions, joint ventures, and the introduction of ground-breaking products, are also driving the market. 'Nestle S.A.', 'Dole Food Company, Inc.', 'Ardo NV', 'Welch Foods, Inc.', 'Kerry Group', 'General Mills, Inc.', 'SunOpta, Inc.', 'Conagra Brands, Inc.', 'The Hain Celestial Group, Inc.', 'Pinnacle Foods, Inc.', 'McCain Foods Limited', 'Del Monte Pacific Limited', 'FruitSmart, Inc.', 'J.R. Simplot Company', 'Naturipe Farms LLC', 'Unilever PLC', 'Agrana Beteiligungs-AG', 'Wawona Frozen Foods', 'B&G Foods, Inc.', 'Seneca Foods Corporation'

The busy lifestyle of consumers has increased demand for convenient food options. Processed and frozen fruits offer a convenient solution, as they are easy to prepare and can be consumed quickly.

Consumers are increasingly looking for organic and non-GMO options in their food products. As a result, many players in the processed and frozen fruits market are offering organic and non-GMO options to cater to this growing demand.

North America contributed more than any other area in 2022, accounting for over 30% of the market share. The presence of a well aware consumer base about the benefits of processed and frozen fruits in the developed nations such as Canada and the United States is a significant growth driver promoting the North American market. Additionally, as consumers' lifestyles quickly alter and they become more nervous with their health and wellbeing, the industry's growth will be increased in the coming years. The consumption of packaged foods is rising in the United States and Canada due to fruits' high nutritional value and low-calorie content, which has fueled the market's growth.

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Processed & Frozen Fruits Market Size, Share, Growth Analysis, By Product(Dried, Canned, Frozen and Convenience), By Distribution Channel(Offline and Online), By Region - Industry Forecast 2024-2031

Processed & Frozen Fruits Market Regional Insights

Processed & Frozen Fruits Market Report Snapshots

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