Market Introduction
Frozen fruits are the fruits that are quickly frozen and packaged in a nitrogen atmosphere when picked at their ripeness peak. The various health benefits related to frozen fruits consumption have been one of the major factors that have favored the North American frozen fruits market. The frozen fruits are known to be one of the healthiest fruits that have been gaining rising demand in this region. The frozen fruits are a rich source of various antioxidants, minerals, and vitamins that have further favored the growth of the market all over the North American region. The easy availability of frozen fruits compared to fresh fruits has been another factor that has fueled the demand for frozen fruits worldwide. The longer shelf life of frozen fruits as compared to fresh fruits has been another contributing factor to the rise and expansion of the frozen fruits market all over the region.
Market Overview and Dynamics
The North America frozen fruits market was valued at US$ 786.91 million in 2019 and is projected to reach US$ 1,179.84 million by 2027; it is expected to grow at a CAGR of 5.3% during 2020–2027. Factors driving the market growth include advantages of using frozen fruits and growing demand from packaged and processed food industry. However, availability of substitute products is likely to have a negative impact on the market growth.
Effect of covid-19 on North America 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 beverage industry as the industry is suffering from supply chain disruptions, lockdowns, travel bans, and business shutdowns called in various countries. The US has the highest number of confirmed cases of the COVID-19 morbidity among all North American countries. This is likely to impact the food and beverage industry in the region due to the disruption of supply and distribution chain. 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 largest share of the North America frozen fruits market, by product type, in 2019. The confectionery and bakery segment accounted for a largest share of the North America frozen fruits market, by application, in 2019. Also, the freeze drying segment accounted for a largest share of the North America frozen fruits market, by technique type, in 2019.
Major Sources and Companies Listed
A few of the major primary and secondary sources referred to while preparing this report on the North America frozen fruits market include Crop's Fruits NV, Dole Packaged Foods LLC., Mirelite Mirsa Co. Ltd., SunOpta Inc., Titan Frozen Fruits, Wawona Frozen Foods, Welch Foods, Inc., Greenyard, J.R. Simplot Company, and General Mills Inc.
Reasons to buy the report
North America Frozen fruits market Segmentation
By Product Type
By Technique
By Application
Company Profiles
By Country
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 786.91 Million |
| Market Size by 2027 | US$ 1,179.84 Million |
| CAGR (2020 - 2027) | 5.3% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Frozen Fruits Market is valued at US$ 786.91 Million in 2019, it is projected to reach US$ 1,179.84 Million by 2027.
As per our report North America Frozen Fruits Market, the market size is valued at US$ 786.91 Million in 2019, projecting it to reach US$ 1,179.84 Million by 2027. This translates to a CAGR of approximately 5.3% during the forecast period.
The North America 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 North America Frozen Fruits Market report:
The North America Frozen Fruits Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Frozen Fruits Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Frozen Fruits Market value chain can benefit from the information contained in a comprehensive market report.
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