The global processed and frozen fruits market was valued at USD 66.7 billion in 2021 and is projected to expand at a CAGR of 5.2% from 2022 to 2030. Increasing demand for convenience food products due to the rise in the number of working and time-pressed consumers is driving the demand for processed and frozen fruits. In addition, growing awareness about the health benefits of consuming processed and frozen fruits has encouraged consumers to opt for these products. Moreover, processed and frozen fruits are easy to store, transport, and handle, which has further enhanced their popularity among consumers.

Moreover, manufacturers are increasingly focusing on the development of new formats of processed and frozen fruits to cater to the changing needs of consumers. For instance, in April 2021, Del Monte Pacific Limited launched a new range of frozen products under the Del Monte Kitchenomics brand. The range includes frozen fruits and vegetables that are ready-to-cook, making cooking and meal preparation easier.

Furthermore, manufacturers are investing in the development of innovative packaging solutions to increase the shelf life of frozen fruits and vegetables. They are also focusing on introducing innovative flavors and products to attract new customers. For instance, in March 2021, Dole Food Company launched a new range of frozen fruit snacks in the US market. The range includes mango, pineapple, and strawberry fruit bars, which are made with real fruit and are a good source of Vitamin C.

The increasing popularity of processed and frozen fruits among consumers has led to an increase in the number of retail outlets offering them. Supermarkets, hypermarkets, and convenience stores are the major distribution channels for these products. In addition, the presence of these products in online stores is also expected to increase in the coming years. The increasing penetration of the internet and e-commerce platforms is providing an impetus to the growth of the market.

Furthermore, the introduction of private label products is expected to further fuel the market growth in the upcoming years. For instance, in March 2021, Walmart launched a new line of frozen fruit and vegetable products under its private label Great Value. The range includes frozen raspberries, frozen mangoes, frozen cauliflower, and other frozen fruits and vegetables. This is expected to increase the availability of these products in the market and further boost the market growth.

The processed fruits segment accounted for a share of around 40.2% in 2022. The processed fruits segment comprises of various types of products such as canned, dried, and frozen fruits. The growing consumer preference for convenience and healthy snacks is augmenting the demand for processed & frozen fruits products. Increasing consumer awareness about the health benefits of consuming processed & frozen fruits is also driving the market growth. For instance, according to an article published by the Food and Agriculture Organization of the United Nations (FAO), in March 2020, processed & frozen fruits have several health benefits such as providing essential vitamins, minerals, and dietary fiber.

The frozen fruits segment is anticipated to expand at the fastest CAGR of 7.3% over the forecast period. The growing demand for frozen fruits is attributed to the increasing consumer awareness about the health benefits of consuming frozen fruits. For instance, according to an article published by the Harvard T.H. Chan School of Public Health, in May 2019, frozen fruits are an excellent source of vitamins, minerals, and dietary fiber. Furthermore, the increasing use of frozen fruits in the food industry for smoothie and dessert production is further driving the growth of the frozen fruits market.

The supermarkets and hypermarkets segment accounted for the largest share of the processed & frozen fruits market in 2022. The growth of the segment is mainly driven by the increasing consumer demand for ready-made products, and the availability of various products under one roof. Supermarkets and hypermarkets also provide a wide variety of processed & frozen fruits products and assist customers in making quick purchasing decisions. Moreover, with the rise in the number of supermarkets and hypermarkets, the segment is expected to register a significant growth over the forecast period.

The online segment is anticipated to register the highest CAGR of 12.9% between 2021 and 2022. The increasing penetration of smartphones and easy access to the internet has led to an upsurge in the online sales of processed & frozen fruits products. Companies are focusing on launching online websites and shopping apps to increase their brand visibility and reach to consumers. For instance, in October 2020, Walmart entered into an agreement with DoorDash to expand its e-commerce delivery service with DoorDash Drive. This agreement will benefit the company to deliver the frozen and processed fruits products to customers’ doorstep.

The processed segment accounted for the largest revenue share of 64.6% in the year 2022. This is primarily due to the increasing demand for processed and frozen fruits in the food and beverage industry. The growing health awareness among consumers, the increasing availability of processed and frozen fruits, and the convenience of using processed and frozen fruits are the major drivers of the segment. For instance, in May 2022, Nestle launched its new frozen fruit range under its Nesquik brand. Furthermore, the increasing demand for processed and frozen fruits in the bakery and confectionery industry is also fueling the growth of the segment.

The frozen segment is anticipated to expand at the highest CAGR of 8.1% over the forecast period. This is due to the increasing demand for frozen fruits in the food processing industry. The rising trend of convenience foods is also driving the demand for frozen fruits as they are cost-effective and are available in a variety of flavors. Furthermore, the growing popularity of frozen smoothies and cocktails is also driving the market for frozen fruits.

Asia Pacific dominated the market in terms of revenue and is expected to remain the largest market during the forecast period. This growth can be attributed to increasing demand for processed and frozen fruits from emerging countries such as India and China. In addition, the rise in per capita income and changing lifestyle in the region are also boosting the market. For instance, in October 2020, Nestle India launched a new range of frozen fruits under its brand Maggi.

Europe is expected to witness significant growth in the coming years. Increasing health awareness among consumers is a key factor driving market growth in the region. In addition, the presence of well-established players in the region is further contributing to the growth of the market. For instance, in June 2021, Unilever announced its plan to launch a range of frozen fruit products in France.

In this part of the processed & frozen fruits products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your processed & frozen fruits products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a processed & frozen fruits products business comes from the sale of processed & frozen fruits products. This includes sales of canned fruits, frozen fruits, dried fruits, and other related products. Other sources of income may be derived from the sale of related products such as juices, jams, and sauces.

Projecting Expenses
In this section, all the regular expenses related to keeping the processed & frozen fruits products business running will be described. The list of operating expenses includes wages, maintenance and repairs, utilities, insurance policies, advertising, transportation, packaging, and others.

Some of the key companies operating in the processed & frozen fruits market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In August 2022, Nestlé SA launched a range of frozen fruit smoothie bowls for the Chinese market.

– In September 2022, Dole Food Company, Inc. launched a range of frozen fruit bars.

– In October 2022, Ocean Spray Cranberries, Inc. launched a range of frozen fruit-based desserts.

Some of the prominent players in the processed & frozen fruits market include:

– Nestlé SA
– Dole Food Company, Inc.
– Ocean Spray Cranberries, Inc.
– Del Monte Foods, Inc.
– ConAgra Foods, Inc.
– General Mills, Inc.
– Seneca Foods Corporation
– SunOpta, Inc.
– H.J. Heinz Company
– Allens Inc.

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global processed & frozen fruits products market based on product, type, application, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Frozen Fruits
– Processed Fruits

2. Type Outlook (Revenue, USD Million, 2017 – 2030)

– IQF (Individual Quick Frozen)
– Blended
– Dried

3. Application Outlook (Revenue, USD Million, 2017 – 2030)

– Bakery
– Beverages
– Confectionery
– Dairy Products
– Others

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What is the Potential of Product Innovation?
[A]: With increasing awareness about healthy eating, the demand for processed and frozen fruits is rising. To meet the demand and capitalize on the market, manufacturers are introducing innovative products that can offer convenience, extended shelf-life, and improved taste. For instance, IQF (Individually Quick Frozen) technology is being used to freeze fruits quickly and involves minimal wastage. Additionally, manufacturers are introducing a variety of fortified products, such as probiotic frozen fruits and berries, to cater to the growing health-conscious segment.

[Q]: Who are the Key Players in the Processed & Frozen Fruits Products Market?
[A]: The major players in the processed and frozen fruits products market include Dole Food Company, Inc., General Mills, Inc., ConAgra Foods, Inc., Bonduelle Group, Seneca Foods Corporation, and SunOpta, Inc.

[Q]: Which Region Offers the Largest Opportunity for Sales of Processed & Frozen Fruits Products?
[A]: North America, followed by Europe, is expected to hold the largest share of the processed and frozen fruits products market, due to the increasing demand for convenience foods and changes in the lifestyle of consumers.

[Q]: What are the factors driving the processed and frozen fruits products market?
[A]: The growing demand for convenient and healthy snacks, along with the increasing use of processed and frozen fruits in foodservice and bakery products, is driving the growth of the processed and frozen fruits products market. Additionally, the rising health consciousness among consumers, coupled with the increasing availability of organic processed and frozen fruits, is expected to boost the market growth.