Summary

The global frozen fruits and vegetables market size reached US$ 27.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 33.4 Billion by 2032, exhibiting a growth rate (CAGR) of 2.3% during 2024-2032.

Frozen fruits and vegetables are rapidly gaining traction among consumers as they offer a wide range of advantages over the fresh produce. The technique employed in freezing fruits and vegetables assists in retaining the color, flavor and nutritive value of these products. It slows down the decomposition by turning the residual moisture into ice, which prevents the growth of bacteria. Frozen fruits and vegetables are also immune to spoilage that occurs on account of vigorous transportation and exposure to light, heat and dust. They offer numerous benefits which include low cost, easy preparation and availability during the off-season.

Due to long working hours, rising health consciousness and the increasing prevalence of lifestyle diseases, consumers are shifting to frozen fruits and vegetables as they do not need to be washed, peeled or chopped. Additionally, they help in minimizing the overall cooking time without affecting the nutritional intake. In line with this, manufacturers are launching unique product variants, incorporating herbs and spices from local produce, to widen their portfolio and attract a large consumer base. Further, inflating income levels of the middle-class population, especially in the Asian countries, is impelling the market growth. Moreover, consumers currently prefer to shop online and pay through their credit/debit cards to eliminate geographical limitations. This, in confluence with the burgeoning e-commerce industry, is providing a thrust to the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global frozen fruits and vegetables market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on product type and distribution channel.

Breakup by Product Type:

Frozen Fruits
Frozen Vegetables

The market is primarily dominated by frozen vegetables. This can be attributed to hectic lifestyles of consumers and the growing demand for easy-to-cook food products. Moreover, the increasing number of large retail chains and frequent usage of these vegetables in homes as well as restaurants is also boosting their overall sales.

Breakup by Distribution Channel:

Business-to-Consumer (B2C)
Supermarkets/Hypermarkets
Independent Retailers
Convenience Stores
Online
Others
Business-to-Business (B2B)

Based on the distribution channel, the market is dominated by the Business-to-Consumer (B2C) segment, wherein supermarkets/hypermarkets represent the leading subsegment.

Regional Insights:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

On the geographical front, Europe represents the largest market for frozen fruits and vegetables around the world. Frozen berries are widely used as a key ingredient for preparing smoothies and similar products in the region. This, coupled with the rising demand for frozen kale (a type of cabbage), which is used in the preparation of chips, salads and smoothies, is supporting the market growth in the region.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the key players operating in the industry. Some of these key players include:

Dole Food Company, Inc
Ardo NV
HJ Heinz
Simplot Australia Pty. Ltd
General Mills

Key Questions Answered in This Report

1. What was the size of the global frozen fruits and vegetables market in 2023?
2. What is the expected growth rate of the global frozen fruits and vegetables market during 2024-2032?
3. What are the key factors driving the global frozen fruits and vegetables market?
4. What has been the impact of COVID-19 on the global frozen fruits and vegetables market?
5. What is the breakup of the global frozen fruits and vegetables market based on the product type?
6. What is the breakup of the global frozen fruits and vegetables market based on the distribution channel?
7. What are the key regions in the global frozen fruits and vegetables market?
8. Who are the key players/companies in the global frozen fruits and vegetables market?

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Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Frozen Fruits and Vegetables Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Price and Margin Analysis
5.5 Market Breakup by Region
5.6 Market Breakup by Product Type
5.7 Market Breakup by Distribution Channel
5.8 Market Forecast
5.9 SWOT Analysis
5.9.1 Overview
5.9.2 Strengths
5.9.3 Weaknesses
5.9.4 Opportunities
5.9.5 Threats
5.10 Value Chain Analysis
5.11 Porters Five Forces Analysis
5.11.1 Overview
5.11.2 Bargaining Power of Buyers
5.11.3 Bargaining Power of Suppliers
5.11.4 Degree of Rivalry
5.11.5 Threat of New Entrants
5.11.6 Threat of Substitutes
5.12 Key Market Drivers and Challenges
6 Performance of Key Regions
6.1 North America
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Europe
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Asia Pacific
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Latin America
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Middle East and Africa
6.5.1 Market Trends
6.5.2 Market Forecast
7 Performance by Product Type
7.1 Frozen Fruits
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Frozen Vegetables
7.2.1 Market Trends
7.2.2 Market Forecast
8 Performance by Distribution Channel
8.1 Business-to-Consumer (B2C)
8.1.1 Market Trends
8.1.2 Market Breakup by Channel
8.1.2.1 Supermarkets/Hypermarkets
8.1.2.1.1 Market Trends
8.1.2.1.2 Market Forecast
8.1.2.2 Independent Retailers
8.1.2.2.1 Market Trends
8.1.2.2.2 Market Forecast
8.1.2.3 Convenience Stores
8.1.2.3.1 Market Trends
8.1.2.3.2 Market Forecast
8.1.2.4 Online
8.1.2.4.1 Market Trends
8.1.2.4.2 Market Forecast
8.1.2.5 Others
8.1.2.5.1 Market Trends
8.1.2.5.2 Market Forecast
8.1.3 Market Forecast
8.2 Business-to-Business (B2B)
8.2.1 Market Trends
8.2.2 Market Forecast
9 Competitive Landscape
9.1 Market Structure
9.2 Key Players
10 Frozen Fruits and Vegetables Manufacturing Process
10.1 Product Overview
10.2 Detailed Process Flow
10.3 Various Unit Operations Involved
10.4 Mass Balance and Raw Materials Required
11 Project Details, Requirements and Costs Involved
11.1 Land Requirements and Expenditures
11.2 Construction Requirements and Expenditures
11.3 Plant Machinery
11.4 Machinery Pictures
11.5 Raw Material Requirements and Expenditures
11.6 Raw Material and Final Product Pictures
11.7 Packaging Requirements and Expenditures
11.8 Transportation Requirements and Expenditures
11.9 Utilities Requirements and Expenditures
11.10 Manpower Requirements and Expenditures
11.11 Other Capital Investments
12 Frozen Fruits and Vegetables Manufacturing Plant: Loans and Financial Assistance
13 Project Economics
13.1 Capital Cost of the Project
13.2 Techno-Economic Parameters
13.3 Product Pricing and Margins Across Various Levels of the Supply Chain
13.4 Income Projections
13.5 Expenditure Projections
13.6 Taxation and Depreciation
13.7 Financial Analysis
13.8 Profit Analysis
14 Key Player Profiles
14.1 Dole Food Company, Inc
14.2 Ardo NV
14.3 HJ Heinz
14.4 Simplot Australia Pty. Ltd
14.5 General Mills
List of Figures
Figure 1: Global: Frozen Fruits and Vegetables Market: Major Drivers and Challenges
Figure 2: Global: Frozen Fruits and Vegetables Market: Consumption Volume (in Million Tons), 2018-2023
Figure 3: Global: Frozen Fruits and Vegetables Market: Consumption Value (in Billion US$), 2018-2023
Figure 4: Global: Frozen Fruits and Vegetables Market: Average Prices (in US$/Ton), 2018-2032
Figure 5: Global: Frozen Fruits and Vegetables Market: Breakup by Region (in %), 2023
Figure 6: Global: Frozen Fruits and Vegetables Market: Breakup by Product Type (in %), 2023
Figure 7: Global: Frozen Fruits and Vegetables Market: Breakup by Distribution Channel (in %), 2023
Figure 8: Global: Frozen Fruits and Vegetables Market Forecast: Consumption Volume (in Million Tons), 2024-2032
Figure 9: Global: Frozen Fruits and Vegetables Market Forecast: Consumption Value (in Billion US$), 2024-2032
Figure 10: Global: Frozen Fruits and Vegetables Industry: SWOT Analysis
Figure 11: Global: Frozen Fruits and Vegetables Industry: Value Chain Analysis
Figure 12: Global: Frozen Fruits and Vegetables Industry: Porter’s Five Forces Analysis
Figure 13: North America: Frozen Fruits and Vegetables Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 14: North America: Frozen Fruits and Vegetables Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 15: Europe: Frozen Fruits and Vegetables Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 16: Europe: Frozen Fruits and Vegetables Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 17: Asia Pacific: Frozen Fruits and Vegetables Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 18: Asia Pacific: Frozen Fruits and Vegetables Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 19: Latin America: Frozen Fruits and Vegetables Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 20: Latin America: Frozen Fruits and Vegetables Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 21: Middle East and Africa: Frozen Fruits and Vegetables Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 22: Middle East and Africa: Frozen Fruits and Vegetables Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 23: Global: Frozen Fruits Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 24: Global: Frozen Fruits Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 25: Global: Frozen Vegetables Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 26: Global: Frozen Vegetables Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 27: Global: Frozen Fruits and Vegetables Market: Sales through Business-to-Consumer (in Million Tons), 2018 & 2023
Figure 28: Global: Frozen Fruits and Vegetables Market: Sales through Supermarkets/Hypermarkets (in Million Tons), 2018 & 2023
Figure 29: Global: Frozen Fruits and Vegetables Market Forecast: Sales through Supermarkets/Hypermarkets (in Million Tons), 2024-2032
Figure 30: Global: Frozen Fruits and Vegetables Market: Sales through Independent Retailers (in Million Tons), 2018 & 2023
Figure 31: Global: Frozen Fruits and Vegetables Market Forecast: Sales through Independent Retailers (in Million Tons), 2024-2032
Figure 32: Global: Frozen Fruits and Vegetables Market: Sales through Convenience Stores (in Million Tons), 2018 & 2023
Figure 33: Global: Frozen Fruits and Vegetables Market Forecast: Sales through Convenience Stores (in Million Tons), 2024-2032
Figure 34: Global: Frozen Fruits and Vegetables Market: Online Sales (in Million Tons), 2018 & 2023
Figure 35: Global: Frozen Fruits and Vegetables Market Forecast: Online Sales (in Million Tons), 2024-2032
Figure 36: Global: Frozen Fruits and Vegetables Market: Sales through Other Distribution Channels (in Million Tons), 2018 & 2023
Figure 37: Global: Frozen Fruits and Vegetables Market Forecast: Sales through Other Distribution Channels (in Million Tons), 2024-2032
Figure 38: Global: Frozen Fruits and Vegetables Market Forecast: Sales through Business-to-Consumer (in Million Tons), 2024-2032
Figure 39: Global: Frozen Fruits and Vegetables Market: Sales through Business-to-Business (in Million Tons), 2018 & 2023
Figure 40: Global: Frozen Fruits and Vegetables Market Forecast: Sales through Business-to-Business (in Million Tons), 2024-2032
Figure 41: Frozen Fruits and Vegetables Manufacturing: Detailed Process Flow
Figure 42: Frozen Fruits and Vegetables Manufacturing Process: Conversion Rate of Feedstocks
Figure 43: Frozen Fruits and Vegetables Manufacturing: Breakup of Capital Costs (in %)
Figure 44: Frozen Fruits and Vegetables Industry: Margins Across Various Stages of the Supply Chain
Figure 45: Frozen Fruits and Vegetables Production: Manufacturing Cost Breakup (in %)
List of Tables
Table 1: Global: Frozen Fruits and Vegetables Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Frozen Fruits and Vegetables Market Forecast: Breakup by Region (in Million Tons), 2024-2032
Table 3: Global: Frozen Fruits and Vegetables Market Forecast: Breakup by Product Type (in Million Tons), 2024-2032
Table 4: Global: Frozen Fruits and Vegetables Market Forecast: Breakup by Distribution Channel (in Million Tons), 2024-2032
Table 5: Global: Frozen Fruits and Vegetables Market: Key Players
Table 6: Frozen Fruits and Vegetables Manufacturing Plant: Raw Material Requirements (in Tons/Day)
Table 7: Frozen Fruits and Vegetables Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 8: Frozen Fruits and Vegetables Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 9: Frozen Fruits and Vegetables Manufacturing Plant: Machinery Costs (in US$)
Table 10: Frozen Fruits and Vegetables Manufacturing Plant: Raw Material Requirements (in Tons/Day)
Table 11: Frozen Fruits and Vegetables Manufacturing Plant: Costs Related to Utilities
Table 12: Frozen Fruits and Vegetables Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 13: Frozen Fruits and Vegetables Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 14: Details of Financial Assistance Offered by Financial Institutions
Table 15: Frozen Fruits and Vegetables Manufacturing Plant: Capital Costs (in US$)
Table 16: Frozen Fruits and Vegetables Manufacturing Plant: Techno-Economic Parameters
Table 17: Frozen Fruits and Vegetables Manufacturing Plant: Income Projections (in US$)
Table 18: Frozen Fruits and Vegetables Manufacturing Plant: Expenditure Projections (in US$)
Table 19: Frozen Fruits and Vegetables Manufacturing Plant: Taxation (in US$)
Table 20: Frozen Fruits and Vegetables Manufacturing Plant: Depreciation (in US$)
Table 21: Frozen Fruits and Vegetables Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 22: Frozen Fruits and Vegetables Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 23: Frozen Fruits and Vegetables Manufacturing Plant: Profit and Loss Account (in US$)