Insights on the Frozen Fruit Global Market to 2027
- Tin tức
Source: Grand View Research
Over the past few years, summer fruits such as watermelons, oranges, cantaloupes, honeydew melons, blackberries, raspberries, apples, figs, pears, apricots, peaches, and nectarines have been witnessing traction throughout the year. The culinary world has progressed immensely in the past few decades due to the exposure of common mass to the changing fundamentals of food revolutions. This is further expected to expand the scope of frozen fruits in the near future.
The global frozen fruits market size is to be valued at USD 5.59 billion by 2027 and is expected to grow at a compound annual growth rate (CAGR) of 6.7% during the forecast period. The gaining popularity of non-seasonal fruits at the global level as a result of their freshness and exceptional nutritional benefits is expected to remain a key driving factor.
Increasing demand for non-regional fruits is also a major factor contributing to the growth of the market. Certain food products, which are particular to a specific region, have become globally popular owing to their increased availability through all retail channels and their rapid adoption among health-conscious consumers. Over 2000 different varieties of fruits are consumed by humans across the globe. The growth of many of these products is limited to a small geographical area but has gained popularity among a large mass internationally.
Banana is the most popular variety of fruit
Demand for frozen fruits has been witnessing growth for various reasons beyond preservation too. Bananas are the most popular variety of fruit and is produced in over 135 countries across the tropical and subtropical regions. According to the Food and Agricultural Organization of the United Nations, 114 million tons of bananas were globally produced in 2017. The large production promises the availability of fresh bananas across the globe and yet the demand for frozen bananas can be seen surging. They are used for the preparation of soft serve, milkshakes, chocolate-dipped frozen bananas, smoothies, ice creams, pops, fudgesicles, and baking brownies, waffles, and muffins.
Modern consumerism is mostly made up of health-conscious customers
As market trends continue to evolve at a rapid pace, the impact of the younger population on the food and beverage business is quite evident. Modern consumerism is mostly made up of health-conscious customers who are increasingly avoiding processed foods and foods containing synthetic substances. Considering the rising demand for natural and organic foods, the market is anticipated to develop significantly throughout the forecast period. Furthermore, as consumer knowledge of the potential benefits of consuming natural food items grows, demand is expected to rise. Moreover, many local, as well as commercial customers, want seasonal fruits that may be not available at the given time. The consumer’s need for such fruit is fulfilled through the product, especially in the off-season.
Frozen fruits are widely used in modern bakery products
The increased utilization of frozen fruits in bakery products is augmenting the global frozen fruit market. Manufacturers are looking for new technology or innovative procedures to increase the quality and shelf life of bakery items. In order to increase profitability, the use of frozen fruits in such products is increased. Frozen fruits are widely used in modern bakery products including cakes, rolls, jams, muffins, tarts, and jellies. In addition, frozen fruits, specifically frozen berries, are extensively used in desserts, frozen fruit salads, yogurts, fruit snacks, and smoothies.
Mango, pineapple, papaya, and avocado are the most in-demand frozen tropical fruits in recent years
Frozen tropical fruits accounted for the largest share of more than 40.0% in 2019. These fruits include frozen papaya, pineapples, mangoes, coconuts, bananas, passion fruit, avocado, guava, nance, and mamey. Demand for these fruits is positively affected by obstacles in production owing to adverse weather conditions. Rising demand has compelled companies to create frozen variants in order to avert supply shortages. Mango, pineapple, papaya, and avocado are the most in-demand frozen tropical fruits in recent years. India, Costa Rica, and Mexico are some of the major producers of these fruits.