Global Frozen Fruits and Vegetables Market Size To Exceed USD 52.99 Billion by 2033 | CAGR of 5.68%
Category: Food & BeveragesGlobal Frozen Fruits and Vegetables Market Size To Exceed USD 52.99 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Frozen Fruits and Vegetables Market is Expected to Grow from USD 30.50 Billion in 2023 to USD 52.99 Billion by 2033, at a CAGR of 5.68% during the forecast period 2023-2033.
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Browse key industry insights spread across 246 pages with 108 Market data tables and figures & charts from the report on the "Global Frozen Fruits and Vegetables Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Fruits and Vegetables), By Form (Whole, Sliced, and Cubed), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores, Online, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/frozen-fruits-and-vegetables-market .
The frozen fruits and vegetables industry refers to the one that entails the production, distribution, and sale of fruits and vegetables preserved by freezing. The fruits and vegetables are harvested at ripeness, promptly frozen to conserve their nutritional contents, taste, and texture, and packaged ready for consumer consumption. Frozen fruits and vegetables are easy, retain a long life, and can be had year-round with products ranging from berries, peas, and spinach, to mixed vegetables. Moreover, the awareness of health and well-being has promoted many consumers toward healthier foods. Frozen vegetables and fruits are high in vitamins, minerals, and antioxidants, and they keep most of their nutritional content when frozen soon after harvesting. This makes them a healthy, practical choice for individuals who desire to eat a healthy diet but might not always have access to fresh fruits and vegetables throughout the year. However, the price of raw materials, fruits, and vegetables is subject to change based on several factors including weather, supply shocks, and seasonal demand. Price volatility of the raw materials does not allow the manufacturers to accurately forecast the cost of production, which can translate to price increases or shortages.
The vegetable segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product type, the frozen fruits and vegetables market is divided into fruits and vegetables. Among these, the vegetable segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to frozen vegetables tend to be cheaper than fresh vegetables, especially for people who need to buy in bulk without the fear of spoilage. They have a longer storage life, which minimizes food wastage, and is accessible throughout the year, irrespective of season, hence providing a cost-saving choice for most consumers.
The whole segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the form, the frozen fruits and vegetables market is divided into whole, sliced, and cubed. Among these, the whole segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segmental growth is due to whole frozen fruits and vegetables having more consumer flexibility. They can be incorporated into numerous recipes, ranging from salads to soups, smoothies, and others. Consumers can choose how to cut, chop, or prepare whole fruits or vegetables based on their individual needs when they buy them whole, making it a flexible product for various culinary purposes.
The supermarkets & hypermarkets segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the frozen fruits and vegetables market is divided into supermarkets & hypermarkets, convenience stores, specialty stores, online, and others. Among these, the supermarkets & hypermarkets segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The growth is driven by supermarkets and hypermarkets are the major retail destinations for frozen foods, such as fruits and vegetables, because of their high customer base. These retail formats are created to provide a broad range of products under one roof, and frozen fruits and vegetables are typically displayed in special sections that receive high traffic. This broad coverage makes supermarkets and hypermarkets the most significant channel for frozen produce sales.
North America is expected to hold the majority share of the global frozen fruits and vegetables market during the forecast period.
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North America is expected to hold the majority share of the global frozen fruits and vegetables market during the forecast period. The growing need for convenience and ready-to-cook food in the U.S. is one of the major drivers for the frozen foods industry. Frozen vegetables and fruits provide the convenience of having produce ready to use, with a longer shelf life, to suit busy lifestyles.
Asia Pacific is anticipated to grow at the fastest pace in the global frozen fruits and vegetables market during the forecast period. One of the most important factors facilitating the expansion of the frozen fruits and vegetables market in Asia-Pacific is the development of cold storage and logistics infrastructure. Increasing health awareness and nutrition is an important driver of the frozen fruits and vegetables market in Asia-Pacific. Consumers are looking more and more to include more fruits and vegetables in their diets, and frozen products provide a convenient, cost-effective means of doing so throughout the year.
Major vendors in the global frozen fruits and vegetables market are Ardo NV, Bonduelle Group, Findus Sverige AB, General Mills Inc., Lamb Weston Holdings Inc., McCain Foods Limited, Mirelite Mirsa Zrt, Pinnacle Foods Inc., Simplot Food Group, The Kraft Heinz Company, Vivartia SA, Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In March 2024, BigBasket, along with chef Sanjeev Kapoor, launched Precia, a frozen food brand providing frozen vegetables, snacks, and sweets. Precia uses Individual Quick Freezing (IQF) technology to store flavor and nutritional content to gain a major market share in the frozen foods market.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the frozen fruits and vegetables market based on the below-mentioned segments:
Global Frozen Fruits and Vegetables Market, By Product Type
- Fruits
- Vegetables
Global Frozen Fruits and Vegetables Market, By Form
- Whole
- Sliced
- Cubed
Global Frozen Fruits and Vegetables Market, By Distribution Channel
- Supermarkets & Hypermarkets
- Convenience Stores
- Specialty Stores
- Online
- Others
Global Frozen Fruits and Vegetables Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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