The Global Frozen Fruits Market is anticipated to flourish at a CAGR of 5.3% during the forecast period 2017-2024, according to ResearchNester.
Further, the market of frozen fruits was estimated at a value of USD1.92bn in 2016 and is projected to reach USD2.93bn by 2024. Factor such as, vital vitamins and potentially useful antioxidants are anticipated to drive the growth of the global frozen fruits market over the forecast period.
In the regional market, North America is anticipated to account for a significant portion of market share in the overall market of frozen fruits during the forecast period. Factor such as, availability of various range of frozen fruits products is anticipated to fuel the growth of the frozen fruits market over the forecast period. Further, U.S. has the major share of 64.93% in the frozen fruits market for the period 2015 followed by Canada with 35.07%.
Asia-Pacific frozen fruits market is expected to grow at a significant rate over the forecast period. Factor such as, increasing online purchase of staple food is anticipated to drive the growth of the frozen fruits market over the forecast period. Europe frozen fruits market is expected to witness substantial growth over the forecast period. Shifting customer purchasing patterns and introduction of products with high nutritional value is anticipated to increase the growth frozen fruits market in Europe during the forecast period. Based on product type, frozen fruits market is segmented into, citrus fruits, red fruits & berries and tropical fruits, out of which, red fruits & berries is expected to dominate the overall frozen fruits market during the forecast period.
