Publication Month: Nov 2020 | Report Code: TIPRE00007148 | No. of Pages: 150 | Category: Food and Beverages | Status: Published
Fruits picked at their peak ripeness are quickly frozen and packaged at liquid nitrogen temperature. The process provides increased shelf life to the fresh fruits. Like fresh fruits, frozen fruits are enriched with various antioxidants, minerals, and vitamins. However, the easy availability of frozen fruits, especially the seasonal ones, compared to fresh fruits has been fueling their demand globally.
In 2019, Europe held the largest share in the global frozen fruits market, followed by North America and Asia Pacific. Germany and France are dominating the frozen fruits market in Europe. In addition to growing population, rising disposable income and busy lifestyles, propelling the demand for convenience snacking, support the growth of the frozen fruits market in Europe. Additionally, the rising focus of frozen fruit producers on launching new varieties of frozen fruits to attract larger number of consumers has further fueled the market growth in the European countries.
COVID-19 outbreak first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace worldwide. As of November 2020, the US, Brazil, India, Russia, South Africa, Mexico, and the UK are a few of the worst-affected countries in terms confirmed cases and reported deaths. The COVID-19 outbreak has been affecting economies and industries in various countries due to imposition of lockdowns, travel bans, and business shutdowns. Food & beverages is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. The shutdown of various plants and factories in regions such as North America, Europe, and Asia Pacific is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales. Moreover, the global travel bans are affecting the business collaborations and partnerships opportunities. The disruption of operations in the food & beverages industry further has been limiting the frozen fruits market growth in various countries.
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Frozen fruits are enriched with vitamins, proteins, carbohydrates, antioxidants, and other nutrients. They are used in various food cuisines for adding nutritional content and flavor. These fruits find applications in food processing industries and are used in bakery products, confectioneries, and other packaged food items. They are used in making jams and other fruit spreads, fruit-based beverages, and dairy products. Owing to busy and hectic lifestyles, there is a noticeable increase in the consumption of these ready-to-eat food products and beverages since the past few years. Moreover, rising disposable income and improving economic conditions are encouraging consumers in developed and developing countries to spend on packaged food, including snacks and bakery products, which further propels the demand for frozen fruits. Furthermore, the diversification of distribution channels has provided a shelf for convenience food in retail outlets and supermarkets, thereby uplifting their sales. Thus, the growing demand from the packaged and processed food industries, and direct consumers drives the frozen fruits market.
The frozen fruits market, by product type, is segmented into citrus fruits, tropical fruits, berries, and others. In 2019, the tropical fruits segment dominated the frozen fruits market. Many frozen tropical fruits such as mango, papaya, apple, litchi, banana, dragon fruit, plum, guava, and passion fruit are trending worldwide. In addition to freezing, the producers may also process these fruits by washing, peeling, grading, cutting, blanching, deactivating enzyme activity, etc., depending on the form preferred for the final product. Frozen tropical fruits are used in fruit cocktails, smoothies, ice cream, desserts, preservatives, pastries, yogurts, and drinks. A few tropical fruits primarily used in the processing of ethnic foods include frozen mangoes (chutney), frozen avocado (guacamole), and guavas (Ponche Navideño). Growing applications of tropical fruits in various products is expected to propel the market of this segment.
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Based on application, the frozen fruits market is segmented into confectionery & bakery, jams & preserves, fruit-based beverages, dairy, and others. In 2019, confectionery and bakery segment dominated the frozen fruits market. Frozen Fruits are increasingly being used in bakery and confectionery products, and dairy products such as yoghurt and ice cream. Furthermore, the demand for frozen fruits from the fruit-based beverages segment has considerably risen due the surging preference of consumers for healthy beverages. The increasing inclination toward organic food products also stimulates the frozen fruits market growth.
Based on technique, the frozen fruits market is segmented into freeze drying and individual quick freezing (IQF). The freeze drying segment accounted for a larger share in market in 2019, and individual quick freezing segment is expected to register the fastest CAGR during 2020–2027. Freeze-drying involves freezing the fruit and then putting it in vacuum. Low pressure allows ice crystals to grow exponentially, turning them straight from solid ice into water vapor. This method extracts water even more quickly than the conventional drying process. Effectively, the fruit's water content is decreased without hampering its composition. This method of preserving food is best suited to low-sugar, soft fruits such as raspberries and strawberries. Frozen-drying provides long shelf life to fruits, allowing them to last many years when preserved properly.
Key market players include Crop's Fruits NV, Dole Packaged Foods LLC., MireliteMirsa Co. Ltd., SunOpta Inc., Titan Frozen Fruits, Wawona Frozen Foods, Welch Foods, Inc., Greenyard, J.R. Simplot Company, and General Mills Inc. The companies have been adopting strategies such as mergers and acquisitions. The major players are striving to acquire larger customer base by expanding their presence globally.
The List of Companies - Global Frozen Fruits Market
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