MRRSE has recently added a research document to their roster titled “Global Market Study on Frozen Fruits: Upsurge in Demand from Industrial Customers to Drive Market Growth over the Forecast Period 2016 - 2022”.
Albany, NY -- (SBWIRE) -- 01/06/2017 -- Frozen fruits are maintained at a temperature usually below -9.5°C, at which all moisture is in the solid state. This helps prevent growth of microorganisms, slows down decomposition and in turn helps keep fruits fresh for a longer time period. Frozen fruits contain high levels of essential vitamins and potentially healthy antioxidants as compared to fresh ones.
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The global frozen fruits market has been estimated to be valued at USD 1,815.7 Mn in 2015 and is expected to witness a significant CAGR over the forecast period (2016–2022). The global frozen fruits market is segmented on the basis of product type, technique, application and region. On the basis of product type, the market has been segmented into red fruits & berries, tropical fruits and citrus fruits; of these segments, red fruits & berries segment dominated the market in 2015 with over 53.2% market share in terms of revenue contribution.
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On the basis of technique, the global frozen fruits market has been segmented into IQF and freeze drying. The IQF segment is anticipated to expand at a CAGR of 5.3% over the forecast period in terms of volume. IQF technique prevents lumping of frozen fruits, particularly pulpy fruits such as sliced mangoes. Besides this, IQF fruit products can be utilized in part and rest can be repacked and stored for later. This factor is anticipated to boost global adoption of the particular technique for frozen fruits processing in the near future.
On the basis of geography, the global frozen fruits market is segmented into five major regions – North America, Europe, Middle East & Africa, Asia Pacific and Latin America. Among these regions, Europe has been estimated to be the largest market for frozen fruits in 2015; however, the region is expected to lose significant market share to other regions over the forecast period. In terms of growth, Asia Pacific is expected to be the fastest growing market for frozen fruits, exhibiting a CAGR of 6.3% over the forecast period.
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Key players identified across the value chain in global frozen fruits market include Uran Food Group Limited, Pinnacle Foods Inc., Kendall Frozen Fruits Inc., Ardo NV, SunOpta Inc., Welch Foods, and Kerry Group Plc.
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