Frozen Fruits Market– Sun0pta is a trending beverages company.
Recent Developments
SunOpta Inc. is a global company focusing on natural, organic and specialty foods products. The company specializes in sourcing, processing & packaging of natural and organic food products, integrated from the seed through packaged products.
SunOpta manufacture, import, and export individually quick frozen (IQF) organic fruits. Full container loads and inventory programs are offered for the frozen fruits. In November 2018, the company announced a plan which especially focusses on organic, non-genetically modified and specialty foods.
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Market Segmentation
Market Data Forecast published a report named Global Frozen Fruits Market. Global Frozen Fruits Market worth was USD 2.65 billion in 2018 and estimated to be growing at a CAGR of 5.72%, to reach USD 3.50 billion by 2023.
The report is segmented by
Application
- Confectionery & Bakery
- Jams & preserves
- Fruit-based Beverages
- Dairy
Product type
- citrus fruits
- red fruits & berries
- tropical fruits
The Confectionery & Bakery section leads the global Frozen Fruits market under the application segment. However, the Jams & preserves segment is anticipated to rise at the highest CAGR due to growing demand from emerging economies. Red fruits & berries part leads the global market with over 60% of the current market share in terms of revenue. On the basis of Technique, the global Frozen Fruits market is classified into freeze drying and IQF. The IQF segment is projected to grow at the highest CAGR during the forecast period, as it avoids lumping of the frozen fruits, predominantly pulpy fruits such as sliced mangoes.
Geographical Segmentation:
The market has also been geographically classified into North America, Europe, Asia-Pacific and the Rest of the World. Europe is the large market for Frozen Fruits followed by North America, due to the more intake of frozen food items in these regions. The evolving markets of Asia-Pacific most significantly India and China, account for the large growth rate due to rising disposable incomes, and the acceptance of western food styles among the other middle class.
Some Key market players in the market are -
- Welch Foods
- SunOpta Inc.
- Uran Food Group Limited
- Nestle
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The scope of the report:
The report gives a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in effecting the current market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is measured and the prospects with high growth potential are identified and debated.
The major players in the industry are profiled providing insights on their financial performance, market position, and the growth strategies. Comparative analysis of key strategical activities of the market players delineating the key developments like mergers and acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also provides a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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