The global frozen fruits and vegetables market is expected to grow from US$ 26.3 billion in 2022 to US$ 30.9 billion by 2028, at a CAGR of 2.6%. The growth of the market is attributed to the rising demand for convenient and nutritious food products, increasing urbanization, and growing awareness of the health benefits of frozen fruits and vegetables.

Frozen fruits and vegetables are preserved by freezing them at very low temperatures, which inhibits the growth of bacteria and other microorganisms. This process also helps to retain the nutrients and flavor of the fruits and vegetables. Frozen fruits and vegetables are available in a variety of forms, including whole, sliced, diced, and pureed.

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There are several advantages of frozen fruits and vegetables over fresh produce. Frozen fruits and vegetables have a longer shelf life, which makes them more convenient to use. They are also more affordable than fresh produce, especially during off-season months. Frozen fruits and vegetables are also readily available in all parts of the world, regardless of the climate.

The major applications of frozen fruits and vegetables include household consumption, food service, and the processed food industry. Household consumption is the largest segment of the market, accounting for over 60% of the global market share. The food service segment is also growing rapidly, as more and more restaurants are using frozen fruits and vegetables to prepare convenient and nutritious meals.

Some of the key trends that are expected to shape the frozen fruits and vegetables market in the coming years include:

  • Premiumization: Consumers are increasingly willing to spend more money on premium frozen fruits and vegetables. This is driving growth in the sales of organic, fair trade, and sustainably sourced frozen fruits and vegetables.
  • Innovation: Food manufacturers are constantly innovating with new frozen fruits and vegetables products, such as frozen fruit smoothies, frozen vegetable blends, and frozen vegetable burgers. This is appealing to consumers who are looking for new and convenient ways to eat fruits and vegetables.
  • Health and wellness: Consumers are becoming more focused on their health and wellness, which is driving demand for frozen fruits and vegetables that are high in nutrients and low in calories.

Key Takeaways:

  • The global frozen fruits and vegetables market is expected to grow at a CAGR of 2.6% from 2022 to 2028.
  • The growth of the market is attributed to the increasing demand for convenient and healthy food products, growing awareness of the health benefits of frozen fruits and vegetables, and rising disposable incomes.
  • North America is the largest market for frozen fruits and vegetables, followed by Europe and Asia Pacific.
  • Fruits are the largest segment of the market, followed by vegetables.
  • The retail segment is the largest distribution channel for frozen fruits and vegetables, followed by the foodservice segment.

Key Players:

  • Ajinomoto Co., Inc.
  • Conagra Brands, Inc.
  • General Mills, Inc.
  • Hormel Foods Corporation
  • J.M. Smucker Company
  • McCain Foods Limited
  • Nestlé S.A.
  • Pinnacle Foods Inc.
  • The Kraft Heinz Company
  • Unilever N.V.

Segmentation:

By Product Type:

  • Fruits
  • Vegetables

By Distribution Channel:

  • Retail
  • Foodservice

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa