Technological improvements to fuel growth in the global frozen fruits and vegetables market
The harsh economic scenario has transformed the frozen food sector into one of the most sought after segments owing to its low price and convenience attributes, compared to fresh and chilled food counterparts. Long term growth of the market is driven by changing consumer lifestyles, shifting food preferences, and educating consumers over benefits of frozen fruits and vegetables such as low wastage, locked in nutrients, and higher nutritional value.
The US represents the largest regional market for frozen fruits and vegetables, while Asia, Latin America and Russia offer huge potential for future growth, given the relatively late adoption of frozen foods, and lower market penetration of such products in the regions. New markets such as China are rapidly growing, thereby extending fresh avenues for the world frozen food sector. The market for frozen foods in Europe is experiencing a mixed bag of growth with Germany, and Scandinavia reporting below average growth arising due to market saturation.
However, other European countries such as France and Portugal are witnessing relatively faster growth. Among the frozen vegetables, frozen potatoes continue to experience strong demand owing to rapid expansion of fast food restaurants. The US, Canada, Netherlands and Belgium are the leading producers of frozen potatoes. Asia, South America, Eastern Europe, and Southern Europe offer lucrative prospects for frozen potatoes, with huge untapped market potential.
This report analyzes the worldwide markets for Frozen Fruits and Vegetables in Thousands Tons by the following Product Segments: Frozen Fruits, and Frozen Vegetables. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2009 through 2017. Also, a six-year historic analysis is provided for these markets.
The report profiles 118 companies including many key and niche players such as Ardo S.A./NV, Bonduelle Group, ConAgra Foods, Inc., ConAgra Foods Lamb Weston, Inc., Dujardin Foods NV, Findus Sverige AB, Gelagri Bretagne SA, General Mills, Inc., H.J. Heinz Company, McCain Foods Limited, Merko Gida Sanayi ve Ticaret A.S., Mirelite Mirsa Zrt, NG Fung Hong Limited, PinguinLutosa NV, Pinnacle Foods Corp., Birds Eye Foods, Inc., Simplot Food Group, Simplot Australia Pty Ltd., and Vivartia S.A. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based upon search engine sources in the public domain. Global Industry Analysts ©