The worldwide frozen fruit and veggies market is predicted to develop from $458.36 billion in 2021 to $504.37 billion in 2022 at a compound annual development charge (CAGR) of 10.0%. The frozen fruit and veggies market is predicted to achieve $641.03 billion in 2026 at a compound annual development charge (CAGR) of 6.2%.
The frozen fruit and veggies market consists of gross sales of frozen fruit and veggies by entities (organizations, sole merchants and partnerships) that produce frozen and canned fruit and veggies. This market doesn’t embody unprocessed fruit and veggies that are a part of the agricultural market.
Firms within the trade package deal and distribute their merchandise by way of varied distribution channels to particular person prospects and industrial institutions. Freezing helps retain the nutrient content material of fruit and veggies.
The primary sorts of frozen fruit and veggies are frozen specialty meals manufacturing, frozen fruit juice and vegetable manufacturing.
Distribution channels are on-line and offline. The assorted functions coated are confectionery and bakery, jams and preserves, fruit drinks, dairy merchandise and different functions.
Areas coated in Frozen Fruits and Greens market report are Asia-Pacific, Western Europe, Jap Europe, North America, South America, Center East and Africa.
With the rising demand for frozen meals, altering shopper dietary habits, rising urbanization, rising variety of working ladies, and developments in freezing applied sciences, the scope and potential of the worldwide fruit and frozen greens ought to improve significantly. within the forecast interval. For instance, in 2021, in response to information from the World Financial Discussion board, a global non-governmental and lobbying group based mostly in Switzerland, there will probably be 4 billion folks within the world shopper class, as urbanization continues to extend steadily all through the world. over the subsequent decade.
Particular person fast freezing (IQF) expertise and progressive packaging for frozen meals are the most important traits noticed within the world frozen fruit and veggies market.
In September 2021, Nomad Meals, a UK-based meals firm, acquired Fortenova Group’s frozen meals enterprise for $641.57 million. With this acquisition, Nomad Meals is predicted to create worth for its prospects for years to return, constructing on a stable basis supported by market-leading manufacturers, operational excellence and a strategic give attention to frozen meals. Fortenova Group is a Croatia-based firm engaged within the frozen meals sector.
The international locations coated by the frozen fruit and veggies market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, l Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Eire. , Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Venezuela and Vietnam.
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