Market Introduction
Frozen fruits refers to those fruits that are commercially picked at their peak of ripeness and then quick frozen and packed in a nitrogen atmosphere. They are one of the healthiest food for consumption. They are overloaded with vitamins, antioxidant & minerals which helps in the improvement of health. Most of these frozen fruits are harvested by hand and a smaller amount of them are harvested with the use of machinery. They are also sometimes picked before they ripen as it allows them to ripen during transportation. Once harvested, the frozen fruits are washed, blanched, cut, frozen and finally packed within the next few hours.
Market Overview and Dynamics
The Europe frozen fruits market is expected to reach US$ 1,266.54 Million in 2027 from US$ 858.55 Million in 2019. The market is anticipated to grow at a CAGR of 5.1 % from 2020 to 2027. Factors driving the market growth include advantages of using frozen fruits and growing demand from packaged and processed food industry. However, availability of substitute is likely to have a negative impact on the market growth.
Effect of covid-19 on Europe frozen fruits market
The ongoing COVID-19 outbreak began in Wuhan (China) in December 2019, but later it spread to all the parts of the world. It has adversely affected the food and beverages industry as the industry is suffering from supply chain disruptions, lockdowns, travel bans, and business shutdowns called in various countries. Italy has the highest number of confirmed cases of the COVID-19 morbidity among all European countries. This is likely to impact the food and beverages industry in the region due to the disruption of supply and distribution chain in Europe. In addition, the lockdown scenarios are also impacting the overall manufacturing processes, research, and development activities pertaining to different industries.
Key Market Segments
The tropical fruits segment accounted for a larger share of the Europe frozen fruits market, by product type, in 2019. The freeze drying segment accounted for a larger share of the Europe frozen fruits market, by technique, in 2019. The confectionery and bakery segment accounted for a larger share of the Europe frozen fruits market, by application, in 2019.
Major Sources and Companies Listed
A few of the major primary and secondary sources referred to while preparing this report on the Europe frozen fruits market include Crop's Fruits NV, Mirelite Mirsa Co. Ltd., SunOpta Inc., Greenyard, and General Mills Inc.
Reasons to buy the report
Europe Frozen Fruits Market Segmentation
By Product Type
By Technique
By Application
Company Profiles
By Country
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 858.55 Million |
| Market Size by 2027 | US$ 1,266.54 Million |
| CAGR (2020 - 2027) | 5.1 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Frozen Fruits Market is valued at US$ 858.55 Million in 2019, it is projected to reach US$ 1,266.54 Million by 2027.
As per our report Europe Frozen Fruits Market, the market size is valued at US$ 858.55 Million in 2019, projecting it to reach US$ 1,266.54 Million by 2027. This translates to a CAGR of approximately 5.1 % during the forecast period.
The Europe Frozen Fruits Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Frozen Fruits Market report:
The Europe Frozen Fruits Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Frozen Fruits Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Frozen Fruits Market value chain can benefit from the information contained in a comprehensive market report.
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