Frozen Fruits & Vegetables Market
Global Frozen Fruits & Vegetables Market, By Type (Fruits and Vegetables), By Category (Organic and Conventional), By Form (Whole, Sliced & Cubed, Others), By Distribution Channel (Store-based and Non-Store-based), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)
- Published Date: April 2021
- Report ID: BWC20317
- Available Format: PDF
- Page: 178
Report Overview
Global Frozen Fruits & Vegetables
Market - Industry Trends & Forecast Report 2027
The global frozen fruits and vegetable
market was worth USD 13209.3 Million in 2020 and is further projected to
reach USD 21,839.9 Million by 2027, at a CAGR of 7.44% during
2021-2027 (forecast period). The global frozen fruits & vegetable market is
growing because of the influence of several factors like changing lifestyle of
people and growing awareness towards one’s health. Frozen fruits and vegetables
are rapidly replacing fresh fruits and vegetables because they are much more
convenient. Frozen fruits and vegetables are already available as peeled,
chopped, and washed. Furthermore, through the application of freezing
techniques, the color, flavor as well as the nutritional value of the food is retained.
These factors are conveniently helping the global frozen fruits and vegetable
market to grow further during the forecast period.
Global Frozen Fruits & Vegetables
Market - Overview
Frozen fruits and vegetables are packed below freezing point to preserve and extend their durability. Its market is gaining momentum and expanding rapidly, especially in recent years. This is due to the fact that they are readily available in the market and come at a lower cost. Consumers prefer frozen fruits and vegetables because they are healthier. Furthermore, frozen foods retain their vitamins and minerals while maintaining their protein, starch, and fat content. That’s the reason why the demand for diverse range of products such as ready-to-eat foods, salads, fruit juices, etc., are growing by leaps and bounds. Through freezing techniques, the chances of the food having a chemical reaction are reduced significantly, and higher temperature ensures the stoppage of micro-organism development in it, which ensures higher shelf life.
Growth Drivers
Growing Popularity of Non-Seasonal
Fruits and Vegetables is Boosting the Frozen Fruits and Vegetable Market
Frozen fruits & vegetables are
securing traction among customers because of the various advantages they offer
over freshly produced fruits & vegetables. The growing trend in the food
and beverage industry for year-round availability of seasonal vegetables and
fruits serves as a demand stimulant. Furthermore, the industry has been
stimulated by growing awareness of the nutritional value of frozen fruits and vegetables,
as well as an increasing trend of clean eating. Also, ever-increasing
technological developments along with expanding cold storage chains in
developing nations have led to the expansion of a regular supply of a network
of frozen fruits & vegetables.
Developing Detail Infrastructure is
Backing the Growth of Global Frozen Fruits and Vegetable Market
The e-commerce platform is becoming
increasingly prominent among all customer groups, and people are rapidly
shifting their preferences to it. As a result, frozen fruit and vegetable
companies are venturing into e-grocery to better target their demographic. For
instance, Walmart has expanded its online distribution channel and started
same-day delivery in 2019. Similarly, Kroger Co. has increased its pickup sites
for online orders. Additionally, in June 2017, Amazon declared its acquisition
of Whole Foods Market Inc. This acquisition has enhanced Amazon’s fresh grocery
retail services in new markets. Such initiatives to strengthen the online
presence of the competitors have been shaping the buying behavior of the
consumers.
Restraints
Preference for Fresh and Natural
Products May Hamper the Growth of Frozen Fruits and Vegetable Market
A higher percentage of the consumer
base still prefers fresh and natural food products as they associate
nutritional value with freshness. In 2018, the United States was the world's
largest market for organic fresh fruits and vegetable products, followed by the
European Union. The reason may be the widespread taboo surrounding frozen
foods, as many people assume freezing is a chemical process that reduces
nutritional value of the fruits and vegetables although the reverse is the case.
This is having a negative impact on the growth of the frozen fruits and vegetables
industry.
Impact of COVID-19 on Global Frozen
Fruits & Vegetables Market
The outbreak of COVID-19 has halted the
growth of the global frozen fruits and vegetable market tremendously. Because
of the lockdown imposed by governments, the productions and supply chains were
completely blocked, which directly affected the overall consumption of these products.
The coronavirus raised its head and had spread across many regions like North
America, Asia, Europe, etc. These regions are home to the supply of several raw
materials to both domestic and international companies. However, since
limitations were levied on customs carriages as well, there was a severe
shortage of raw materials, which completely halted manufacturing. Nevertheless,
the market for frozen fruits and vegetables is expected to see a surge in
demand in the post-COVID era.
Global Frozen Fruits & Vegetables
Market - By Type
Based on type, the frozen fruits and
vegetable market is segmented into fruits and vegetables. Frozen vegetables
dominate the industry, as there is a strong demand for easy-to-cook items.
Furthermore, as people's lifestyles are changing, they place a greater emphasis
on their wellbeing. As a result, foods with higher nutritional value are in
higher demand and are expected to grow further in the forecast era. The
increasing retail chains in the neighborhoods and the convenient availability
of these products are propelling the global frozen fruits and vegetable market
forward.
Global Frozen Fruits & Vegetables
Market - By Category
Based on category, the frozen
fruits and vegetable market is segmented into organic and traditional subsets. Organic
frozen fruits and vegetables are cultivated or rather packed without any
preservatives, Thus, the organic category held the largest market share in 2020
and is likely to dominate during the forecast period as well. The major factors
that can be attributed to the growth of the organic fruits and vegetables
market are increased adoption of healthy dietary lifestyle, rapid urbanization,
and increasing concerns about health & climate.
Global Frozen Fruits & Vegetables Market
- By Form
Based on form, the market is segmented
into a whole, sliced and cubed, and others. Due to the increasing trend of
nuclear families, especially in urban areas, and a larger population of young
working-class people preferring to live alone, the demand for sliced and cubed
goods has the largest market share. Furthermore, washed and peeled frozen
sliced and cubed fruits and vegetables are affordable, saving the target
demographic a significant amount of time.
Global Frozen Fruits & Vegetables Market
- By Distribution Channel
Based on the distribution channel, the
market is categorized into store-based and non-store-based. The store-based
segment is further classified into supermarkets & hypermarkets, convenience
stores, and others. Through the developing retail landscape, supermarkets &
hypermarkets, and convenience stores are growing exponentially. They provide a
wide range of products. However, the market for other non-store-based products
like e-commerce platforms is surging as people are preferring contact-less
shopping more and more. It is estimated that the non-based segment is estimated
to grow during the forecast period.
Global Frozen Fruits & Vegetables
Market - Regional Insights
Geographically, the global frozen fruits
and vegetable market is segmented into North America, Europe, the Asia-Pacific,
Latin America, and the Middle East and Africa. Among these, North America
covers the largest share of the market with an overall revenue of USD 4,725.6
Million in the year 2020.
Europe holds the second-largestin the global frozen fruits and vegetable market.
The growing urbanization in these regions with higher working populations is
the leading cause of the dominance in these regions. However, Asia-Pacific and
the Middle East are also coming up as potential markets as the demand for
fruits and vegetables unavailable in these regions are growing substantially.
Competitive Landscape
The key players in the global frozen
fruits and vegetable market are Ardo NV, HJ Heinz, Dole Food Company, Inc.,
Simplot Australia Pvt. Ltd, General Mills, Rasanco Ltd., Pinnacle Foods Corp.,
AXUS International LLC, Findus Sverige AB, Breukers Schamp Foods, Alasko Food
Inc., Capricorn Food Products India Ltd., Fruktana Ltd., SunOpta Inc., Bonduelle
Group, Associated British Foods plc., Dawn Food Products, Inc., Bakels Group,
Archer Daniels Midland Company, and other prominent players.
This market is mainly dominated by giants like Walmart and Amazon as they have garnered trust and loyalty among their customers. The companies are constantly adopting competitive strategies like mergers and acquisitions to expand their services. They are also investing a handsome amount towards innovating techniques to retain the product’s nutritional value and provide it with longer shelf life. Additionally, the market players are also working towards new ranges and product types.
Source: Blueweave Consulting
Recent Developments
·
In 2019, Amazon
declared its acquisition of Whole Foods Market Inc. This acquisition has
enhanced Amazon’s fresh grocery retail services in new markets. They have
acquired Whole Foods for USD 13.7 billion. The main purpose of this was to
amplify the grocery services and give special discounts to Prime members which
elevated its Prime loyalty program.
·
Walmart has
expanded its online distribution channel and started same-day delivery in 2019.
Its smooth supply chain along with efficient cost and enhanced customer
experience has made Walmart the biggest name in the supply chain market.
Scope of the Report
Attribute |
Details |
Years Considered |
Historical data
– 2017-2020 Forecast – 2021 – 2027 |
Facts Covered |
Revenue in USD Million |
Market Coverage |
North America, Europe, the Asia-Pacific,
Latin America, and the Middle East and Africa |
Product/Service Segmentation |
By Type, By Category, By Form, By
Distribution channel, By Region |
Key Players |
Ardo NV, HJ Heinz, Dole Food Company, Inc.,
Simplot Australia Pvt. Ltd, General Mills, Rasanco Ltd., Pinnacle Foods
Corp., AXUS International LLC, Findus Sverige AB, Breukers Schamp Foods,
Alasko Food Inc., Capricorn Food Products India Ltd., Fruktana Ltd., SunOpta
Inc., Bonduelle Group, Associated British Foods plc., Dawn Food Products,
Inc., Bakels Group, Archer Daniels Midland Company, and other prominent
players. |
By Type (Value, USD Million: 2017-2027)
l Fruits
Ø Melons
Ø Citrus Fruits
Ø Berries
Ø Mango
Ø Kiwis
Ø Peaches
Ø Others
l Vegetables
Ø Peas
Ø Mushrooms
Ø Carrots
Ø Beans
Ø Com
Ø Others
Ø
By Category (Value, USD Million: 2017-2027)
l Organic
l Conventional
By Form
l Whole
l Sliced and Cubed
l Others
By Distribution
Channels
l Store-based
Ø Supermarkets &
hyper markets
Ø Convenient Stores
Ø Others
l Non-Store-based
By Region
l North America
l Europe
l Asia-Pacific (APAC)
l Latin America (LATAM)
l
Middle-East
& Africa (MEA)
FAQs:
1. What is the
current size of the global frozen fruits & vegetable market?
Answer: The global frozen fruits &
vegetable market reached USD 4,397.3
Million in 2020.
2. What are the
major factors driving the growth of the global frozen fruits & vegetable
market?
Answer: The major factors driving the growth of
the global frozen fruits & vegetable market is; the growing popularity of
non-seasonal fruits & vegetables and the developing retail landscape.
3. Who are the key
players in the global frozen fruits & vegetable market?
Answer: The key players in the global frozen
fruits & vegetables market are: Ardo NV, HJ Heinz, Dole Food Company, Inc.,
Simplot Australia Pvt. Ltd, General Mills, Rasanco Ltd., Pinnacle Foods Corp.,
AXUS International LLC, Findus Sverige AB, Breukers Schamp Foods, Alasko Food
Inc., Capricorn Food Products India Ltd., Fruktana Ltd., SunOpta Inc.,
Bonduelle Group, Associated British Foods plc., Dawn Food Products, Inc.,
Bakels Group, Archer Daniels Midland Company, and other prominent players.
4. Which type of
segment accounted for the largest share in the global gamification market?
Answer: The frozen vegetable segment accounted
for the largest share in the global gamification market.
5. Which region is
at the highest growth rate in the global frozen fruits & vegetable market?
Answer: North America has the largest share in the global frozen fruits & vegetable market.
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2.
Research Methodology
2.1. Qualitative Research
2.1.1.
Primary and
Secondary Sources
2.2. Quantitative Research
2.2.1.
Primary and
Secondary Sources
2.3. Breakdown of Primary Research Respondents
2.3.1.
Secondary Research
2.3.2.
Primary Research
2.4. Breakdown of Primary Research Respondents, By
Industry Participants
2.5. Key Questionnaire asked during Primary Interviews
2.6. Key Primary Responses
2.7. Market Size Estimation
2.8. Assumption for the Study
2.9. Market Breakdown & Data Triangulation
3.
Executive Summary
4.
Global Frozen Fruits &
Vegetables Market – Industry
Insights
4.1. DROC Analysis
4.1.1.
Growth Drivers
4.1.2.
Restraints
4.1.3.
Opportunity
4.1.4.
Challenges
4.2. Recent Developments / Technical Landscape
4.3. Regulatory Framework
4.4. Porter’s Five Forces Analysis
4.5. Value Chain Analysis
4.6. PESTEL Analysis
4.7. Strategic Outlook
5.
Global Frozen Fruits &
Vegetables Market Overview
5.1. Market
Estimates & Forecast by Value, 2017-2027
5.1.1.
By Value (USD
Million)
5.1.2.
By Volume
5.2. Market
Share & Forecast
5.2.1.
By Type (Value, USD Million: 2017-2027)
5.2.1.1.1.
Melons
5.2.1.1.2.
Citrus Fruits
5.2.1.1.3.
Berries
5.2.1.1.4.
Mango
5.2.1.1.5.
Kiwis
5.2.1.1.6.
Peaches
5.2.1.1.7.
Others
5.2.1.2. Vegetables
5.2.1.2.1.
Peas
5.2.1.2.2.
Mushrooms
5.2.1.2.3.
Carrots
5.2.1.2.4.
Beans
5.2.1.2.5.
Com
5.2.1.2.6.
Others
5.2.2.
By Category (Value, USD Million: 2017-2027)
5.2.2.1. Organic
5.2.2.2. Conventional
5.2.3.
By Form
5.2.3.1. Whole
5.2.3.2. Sliced and Cubed
5.2.3.3. Others
5.2.4.
By Distribution
Channels
5.2.4.1. Store-based
5.2.4.1.1.
Supermarkets & hyper markets
5.2.4.1.2.
Convenient Stores
5.2.4.1.3.
Others
5.2.4.2. Non-Store-based
5.2.5.
By Region
5.2.5.1. North America
5.2.5.2. Europe
5.2.5.3. Asia-Pacific (APAC)
5.2.5.4. Latin America (LATAM)
5.2.5.5. Middle-East & Africa (MEA)
6. North Frozen
Fruits & Vegetables Market Overview
6.1. Market Size
and Forecast
6.1.1.
By Value (USD
Million), 2017-2027
6.2. Market
Share and Forecast
6.2.1.
By Type
6.2.2.
By Category
6.2.3.
By Form
6.2.4.
By Distribution
Channel
6.2.5.
By Country
6.2.5.1. U.S.
6.2.5.2. Canada
7. Europe Frozen
Fruits & Vegetables Market Overview
7.1.
Market Size and Forecast
7.1.1.
By Value (USD
Million), 2017-2027
7.2.
Market Share and Forecast
7.2.1.
By Type
7.2.2.
By Category
7.2.3.
By Form
7.2.4.
By Distribution
Channel
7.2.5. By Country
7.2.5.1.
Germany
7.2.5.2.
U.K.
7.2.5.3.
France
7.2.5.4.
Italy
7.2.5.5.
Spain
7.2.5.6.
Russia
7.2.5.7.
Netherlands
7.2.5.8.
Rest of Europe
8. APAC
Frozen Fruits & Vegetables Market Overview
8.1.
Market Size and Forecast
8.1.1.
By Value (USD
Million), 2017-2027
8.2.
Market Share and Forecast
8.2.1.
By Type
8.2.2.
By Category
8.2.3.
By Form
8.2.4.
By Distribution
Channel
8.2.5.
By Country
8.2.5.1.
China
8.2.5.2.
India
8.2.5.3.
Japan
8.2.5.4.
South Korea
8.2.5.5.
Rest of APAC
9. LATAM
Frozen Fruits & Vegetables Market Overview
9.1.
Market Size and Forecast
9.1.1.
By Value (USD
Million), 2017-2027
9.2.
Market Share and Forecast
9.2.1.
By Type
9.2.2.
By Category
9.2.3.
By Form
9.2.4.
By Distribution
Channel
9.2.5.
By Country
9.2.5.1.
Mexico
9.2.5.2.
Brazil
9.2.5.3.
Rest of LATAM
10.MEA Frozen
Fruits & Vegetables Market Overview
10.1.
Market Size and Forecast
10.1.1.
By Value (USD
Million), 2017-2027
10.2.
Market Share and Forecast
10.2.1.
By Type
10.2.2.
By Category
10.2.3.
By Form
10.2.4.
By Distribution
Channel
10.2.5.
By Country
10.2.5.1.
Saudi Arabia
10.2.5.2.
UAE
10.2.5.3.
South Africa
10.2.5.4.
Rest of Europe
11.Competitive Landscape
11.1.1.
List of Key
Producers and Their Offerings
11.1.2.
Market Share /
Ranking Analysis (2020)
11.1.3.
Competitive
Benchmarking, By Operating Parameters
12.COVID-19 Impact
12.1.
Future Impact
12.2.
Key Developments
during COVID-19
12.3.
Impact on Market
12.3.1.
Different
Scenario
12.3.2.
Impact on
Companies
12.4.
Regional Impact
13.Key Strategic Recommendations
14.Company Profiles (Company Overview, Financial
Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address,
and Strategic Outlook) *
14.1.
Ardo NV
14.2.
HJ Heinz
14.3.
Dole Food Company, Inc.
14.4.
Simplot Australia Pvt. Ltd
14.5.
General Mills
14.6.
Rasanco Ltd.
14.7.
Pinnacle Foods
Corp.
14.8.
AXUS
International LLC
14.9.
Findus Sverige
AB
14.10.
Breukers Schamp
Foods
14.11.
Alasko Food Inc.
14.12.
Capricorn Food Products India Ltd.
14.13.
Fruktana Ltd.
14.14.
SunOpta Inc.
14.15.
Bonduelle Group
14.16.
Associated British
Foods plc.
14.17.
Dawn Food
Products, Inc.
14.18.
Bakels Group
14.19.
Archer Daniels
Midland Company
14.20.
Other prominent players
Market Segmentation
By Type (Value, USD Million: 2017-2027)
l Fruits
Ø Melons
Ø Citrus Fruits
Ø Berries
Ø Mango
Ø Kiwis
Ø Peaches
Ø Others
l Vegetables
Ø Peas
Ø Mushrooms
Ø Carrots
Ø Beans
Ø Com
Ø Others
Ø
By Category (Value, USD Million: 2017-2027)
l Organic
l Conventional
By Form
l Whole
l Sliced and Cubed
l Others
By Distribution
Channels
l Store-based
Ø Supermarkets &
hyper markets
Ø Convenient Stores
Ø Others
l Non-Store-based
By Region
l North America
l Europe
l Asia-Pacific (APAC)
l Latin America (LATAM)
l
Middle-East
& Africa (MEA)
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