Frozen fruits are a good source of nutrition, and in addition, they also assure the proper product supply throughout the year. Frozen fruits are known to have better nutrition content than dehydrated and canned fruit.
The surging demand for non-regional fruits all around the globe is one of the major factors steering the growth of the global frozen fruit market significantly. The growing rate of adopting lifestyle and culture of different regions and countries are likely to exponentially spur the demand for frozen fruits during coming times. For instance, banana is a widely demanded frozen fruit that is procured in over 135 countries all around the subtropical and tropical regions.
According to the Food and Agriculture Organization of the United States, around 814 million tons of bananas were procured in 2017 globally. Also, the growing hype of frozen fruit due to the advancements in internet technology and wide penetration of smartphones among consumers will also accentuate the demand for frozen fruit product manifolds all around the globe. Also, the growing interest of people in smoothies, chocolate dips, frozen bananas, milkshakes, soft serve, ice cream, pops, muffins, waffles, and baking brownies is likely to further strengthen the demand for frozen foods over the forecast period.
The global frozen fruit market can be segmented into the distribution channel, product, and region.
By distribution channel, the market can be segmented into offline and online channels.
By product, the market can be segmented into berries, tropical, citrus, and others.
North America accounts for the largest share in the global frozen fruit market due to the growing interest of people towards veganism which have diverted masses towards frozen and fresh veggies and fruits. Also, the growing usage of milkshakes, smoothies, and chocolate dips in the region will complement the demand for frozen fruits in the forthcoming years.
Asia Pacific is likely to grow exponentially over the forecasted period due to the growing popularity of frozen fruits in growing economies like Thailand, the Philippines, South Korea, Japan, China, and India. Also, the growing disposable income of people in this region will scale up the demand for frozen fruits. To cite, Vietnam, in August 2021, for the very first time, shipped a large batch of 22 tons of frozen fruits of Indochina Dragon Plum.
Some of the significant players in the global frozen fruit market are Kerry Group Plc., Welch Foods, SunOpta Inc, Ardo NV, Kendall Frozen Fruits Inc, Pinnacle Foods Inc, and Uran Food Group Limited.
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