- Proliferating applications of frozen fruits pulps in food, cosmetics, and pharmaceutical sectors market to spawn opportunities in frozen fruits market worth of ~US$ 21 Bn by 2030
- Expansions of distribution and sales network accelerate strides in the frozen fruits market, environment-friendly packaging solutions to further boost the prospects; clean label products a promising trend
ALBANY, N.Y., Aug. 10, 2020 /PRNewswire/ -- Frozen fruit pulps are utilized extensively in pharmaceutical, cosmetics, food processing sectors. Numerous health benefits of frozen food, especially organic food, are increasingly attracting millennials in developing and developed regions. A wide range of food products that utilize juice, nectar, alcoholic drinks, jams, and candies.
Analysts at TMR assert that brands should focus on investing in novel packaging solutions and marketing strategies to stay ahead of their competitors. They project the frozen fruits market to expand at a healthy CAGR of 5.6% during 2020 – 2030, and reach valuation of ~US$ 21 Bn by 2030-end.
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Key Findings of Frozen Fruits Market Report
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Frozen Fruits Market: Key Driving Factors and Promising Avenues
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Frozen Fruits Market: Key Challenges
One of the key bottlenecks for players to realize the full revenue potential in the frozen fruits market are ongoing COVID-19 disruptions in the supply chain, especially in cross-border trade. In recent months, this has severely hampered the distribution networks of several brands across the world. However, sales of frozen fruit pulps and syrups have spiked in developed nations, such as in North America in first part of 2020. Further, food and beverages sectors are expected to overcome supply chain constraints in the next few months, contend experts.
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Frozen Fruits Market: Competitive Assessment
Top brands aiming to tap into revenue potential in the frozen fruits market have unveiled various labels. They aim at meeting the special dietary requirements of consumers, and are aiming at cleaning labelling to attract them. Meanwhile, several companies in the frozen food products are constantly engaged in launching new products, and some are expanding their product portfolio. Moreover, numerous players in the frozen fruits market are throwing their weight behind strengthening their supply and distribution chain. The initiatives are likely to consolidate their shares in the global market.
Prominent stakeholders include names such as Rosemary and Thyme Limited, Dean Foods, Danone, Shimla Hills Offerings Pvt. Ltd., Dairy Farmers of America Inventure Foods, Inc., and Nestlé.
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The Frozen Fruits Market can be segmented as follows:
Global Frozen Fruits Market Segmentation
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Frozen Fish & Seafood Market - Robust growth of the food and dietary supplement industry is expected to result in higher demand for fish protein, creating a profitable opportunity for players in the frozen fish & seafood market across the globe. The nutrient profile of fish protein is compatible with the human digestion process. In the coming years, with increasing demand for protein, health supplements and other vital nutrients by consumers, fish protein could be used as a preferred best source for all. This is likely to generate opportunities for frozen fish & seafood manufacturers to increase their revenue in the coming years.
Isomaltulose Market - Non-cariogenic sugar demand, especially from the food & beverages industry and the healthcare industry, is driving the global isomaltulose market. Isomaltulose is known as non-cariogenic sugar, as oral bacteria cannot metabolize this sugar, thereby reducing the risk of mouth cancer and caries. Manufacturing companies have successfully produced products containing non-cariogenic sugar, including chocolates, milk, energy drinks, and bakery goods, among others, in response to the growing demand for non-cariogenic sugar items. In addition, rising demand for safe and non-caloric food products from fitness enthusiasts fuels the growth of the worldwide isomaltulose industry.
Infused Fruits Jellies Market - Globally, the demand for confectionery products is rising, especially among millennial and baby- boomers. This is a key factor fueling the infused fruit jellies market across the globe. Moreover, manufactures are offering infused fruit jellies in a wide range of shapes such as living creatures, emoji, wheels, and others. In addition to this, the demand for infused fruit jellies that are low in sugar or even sugar-free and are low calorie will continue to grow, which in turn is anticipated to contribute to the growth of the infused fruit jellies market. Furthermore, key manufactures have stared adopting, new packaging strategies such as flexible and calorie packs.
Infused Dried Fruits Market - A recent study published by Transparency Market Research on the infused dried fruits market includes global industry analysis and opportunity assessment for 2019-2029. The global infused dried fruits market was valued at ~US$ 1,954 Mn in 2019. The market is projected to expand at a CAGR of ~5.1%, to reach ~US$ 3.2 Bn by 2029.
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