Frozen Fruits and Vegetables Market by Type (fruits, vegetables) by Form (Whole, Puree, Topping Bar, Other Processed Forms), Packaging(<10 kgs, >10-15 kgs,15-30 kgs, and >30 kgs), Application (Fruit- Whole Fruits), (Vegetable-Whole Vegetables, Pizza Toppings) and Region - Forecast to 2027
Pune, India -- (SBWIRE) -- 10/02/2018 -- Market Overview:
The percentage share of the frozen fruits and vegetables compared to the total consumption of fruits and vegetables is very less. However, the percentage share varies from region to region, comparatively high for developed markets like Europe and U.S. Advancements in technology and improved supply availability in the developing markets like India and China has led to strong growth opportunities for the market. Hence, the frozen fruits and vegetables market is expected reach ~ and is expected to grow at CAGR of more than 5.34% from 2016 to 2027
APAC will witness maximum growth in the water melon market followed by North America. However, volume wise market size will continue to be higher under APAC region with 66% share. With increasing disposable incomes in India and China and growing demand for water melon frozen and processed products will drive higher demand for water melon. Countries where there is shortage of fresh fruits and vegetables, frozen and packed fruit and vegetables are preferred. Because freezing preserves food, no unwanted additives are required in bags of frozen goodies, like spinach and strawberries.
Fruits and vegetables are wasted due to its natural deterioration process, and low grade storage process. Frozen fruits and vegetables can be preserved for a long period of time due to increase in the shelf-life. Hence the frozen fruits and vegetables market is growing rapidly. North America is emerging market, accounting for 719 kilo tonnes and is expected to grow at a CAGR 1.89% by 2027.
Major Key Players:
This report includes a study of strategies, of major market players. It includes the product portfolios, developments of leading major players such as Dole (U.S.), Ardo NV (Belgium), HJ Heinz (US), Simplot Australia PTY Ltd (Australia), General Mills (U.S.), Findus Sverige AB, (Sweden), Pinnacle Foods Corp. (US), and Bonduelle Group (France).
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Latest Industry Updates:
Sep 2015 B&G to buy General Mills' Green Giant frozen foods business. Snack food company B&G Foods Inc. said it would buy General Mills Inc's Green Giant frozen foods and Le Sueur canned vegetables brands for about $765 million to expand its distribution network and enter the frozen foods market. Green Giant, with a portfolio of more than 160 products, is the second-biggest frozen foods brand by market share in the United States and the largest in Canada.
May 2017 A recall popular of bagged salads produced at a single Dole Fresh Vegetables, Inc. has reportedly cost the company $25 million. The recalled salads were also sold under a number of store brand labels--Aldi, Kroger, Meijer and Walmart.
Oct 2016 Supermarket giant Coles has done agreement for sourcing an extra 6 million kilograms of Australian vegetables a year in a deal with food processor Simplot.
Oct 2017 Bonduelle, a France-based international vegetable supplier announced its annual financial results which shows the rise of sales rising sales especially after acquisition of U.S. based Ready Pac Foods. The company is also planning to do more merger and acquisitions in upcoming year.
Increase in demand for confectionery, bakery and dairy products specifically in berries will drive demand for kiwi and apricots among the frozen fruit segments
Increase in demand for RTE foods will drive demand for frozen spinach and other legumes among the frozen vegetable segments
Volume wise market size will continue to be higher under APAC region with more than 50% share. With rise in disposable incomes in India and China and growing demand for healthy foods will drive higher demand for frozen fruits
Browse the market data and information spread across 144 pages with 264 data tables and 7 figures of the report "Frozen Fruits and Vegetables Market Report - Forecast 2018-2027" in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/frozen-fruits-vegetables-market-728
Reasons to buy:
This report includes in-depth study analysis of frozen fruits and vegetables market
It covers market segmentation by type, sub-type, form, packaging and application
It helps in identifying region-wise major suppliers and understand consumption patterns
The report will provide useful and premium insights that will support in investments for frozen fruits and vegetables and allied companies providing details on the fast growing segments and regions
In addition, it will provide key findings that will help the companies to improve profitability by using supply chain strategies, cost effectiveness of various products mentioned in the report
The data used in the report is primarily based on primary interviews with the major producing companies and industry experts and also supported by authentic industry data from secondary sources.