Frozen Fruits and Vegetables Market Overview
Due to the increasing demand for frozen fruits and vegetable products, the market is growing at an incremental pace of development on the global stage. Market Research Future, a firm that specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Frozen Fruits and Vegetables Market Research Report- Forecast to 2022 that the frozen vegetable market will demonstrate an exceptional CAGR while achieving huge growth.
The demand for healthy convenience food is increasing. The frozen fruits and vegetables are convenient as there is no need to wash, peel and cut them. The number of women and men working is on increase, so the need for such convenience is the need of the day. The trend of making fruit smoothies, with frozen fruits it is easy to make smoothies which will increase the sales of frozen fruits in upcoming years. In countries where there is a shortage of fresh fruits and vegetables, frozen and packed fruit and vegetables are preferred which is creating an opportunity for key players to penetrate the market.
The outlook of the emerging markets transportation services industry is strong which will play a key role in the frozen fruits and vegetable market in upcoming years. Emerging markets are expected to grow at a rate of 4.7% in 2016, according to 1,100 supply chain executives surveyed for the 2016 Agility Emerging Markets Logistics Index. As logistics and manufacturing costs continue to rise in traditionally popular areas such as China, new emerging markets take on increasing importance for the supply chain. While China maintains its place as the number-one emerging market, the United Arab Emirates (UAE) climbed four places to rest at number two. UAE offers a network of 34 free trade zones and a friendly financial and tax environment for businesses. In addition, the country offers a vast pool of low-cost, skilled migrant labor, making it an ideal location for hubs and other logistics.
Latest Industry Updates
Sep 2015 B&G to buy General Mills' Green Giant frozen foods business. Snack food company B&G Foods Inc. said it would buy General Mills Inc’s Green Giant frozen foods and Le Sueur canned vegetable brands for about $765 million to expand its distribution network and enter the frozen foods market. Green Giant, with a portfolio of more than 160 products, is the second-biggest frozen foods brand by market share in the United States and the largest in Canada.
May 2017 A recall of popular bagged salads produced at a single Dole Fresh Vegetables; Inc. has reportedly cost the company $25 million. The recalled salads were also sold under several store-brand labels--Aldi, Kroger, Meijer, and Walmart.
Oct 2016 Supermarket giant Coles has done agreement for sourcing an extra 6 million kilograms of Australian vegetables a year in a deal with food processor Simplot.
Oct 2017 Bonduelle, a France-based international vegetable supplier announced its annual financial results which show the rise of sales rising sales especially after the acquisition of U.S.-based Ready Pac Foods. The company is also planning to do more mergers and acquisitions in the upcoming year.
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Global Frozen Fruits and Vegetables Market - Competitive Analysis
Cascadian Farm has introduced its first-ever cereal box liner made from renewable plant sources. The inner bag is made from up of 57 percent certified plant-based material. This new liner is an initiative that supports its mission of helping to shape a better world. Agrokor and Ardo signed a Joint Venture agreement that will enable Vinka to become a leading manufacturing plant of frozen fruits and vegetables in Eastern Europe. This joint venture will be the leading manufacturing plant of frozen fruits and vegetables in Eastern Europe.
The key players profiled in Frozen Fruits and Vegetables are Dole (U.S.), Ardo NV (Belgium), HJ Heinz (US), Simplot Australia Pty Ltd (Australia), General Mills (U.S.), Findus Sverige AB, (Sweden), Pinnacle Foods Corp. (US), and Bonduelle Group (France).
Global Frozen Fruits and Vegetables Market – Segments
The global Frozen Fruits and Vegetable market has been divided into type, form, packaging, application, and region.
Because of Type: fruits and vegetables
Based on customer form: whole, puree, topping bar, other processed forms
Based on packaging: <10 kgs, >10-15 kgs,15-30 kgs, and >30 kgs
Based on Application: Fruit- Whole Fruits, Fruit juices & Smoothies, Breakfast Cereals, Salads & Desserts, Bakery Foods, Yoghurt, and Others
Vegetable-Whole Vegetables, Pizza Toppings, Salads, RTE (Ready to Eat Foods), Noodles & Pastas, Soups, and Others
Based on Region: North America, Europe, Asia Pacific, and ROW.
Global Frozen Fruits and Vegetables Market - Regional Analysis
APAC will witness maximum growth in the mango market followed by North America. Likewise, the volume-wise market size will continue to be higher under the APAC region with a 58% share. With increasing disposable incomes in India and China and growing demand for mango frozen and processed products will drive higher demand for mango. Europe will witness maximum growth in the apricots market followed by APAC. Likewise, the volume-wise market size will continue to be higher under the APAC region with a major market share. The growing demand for apricots and processed products will drive higher demand for apricots. APAC will witness maximum growth in the frozen vegetable market followed by South America due to increasing disposable incomes in India and China and growing demand for healthy foods will drive higher demand for frozen vegetables.
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