A new study by Straits Research forecasts the global processed and frozen fruit market to be at $71.88 billion by 2030, with a compound annual growth rate (CAGR) of 4.31% over that time. The processed and frozen fruit market was estimated to be $49.17 billion in 2021, with North America claiming 35% of that total. Asia-Pacific is expected to see a CAGR of 5.38% by 2030, the highest of any region, due to growing populations and increased disposable income.
Straits Research
Some factors contributing to the predicted market rise, according to Straits Research, include rising global demand from consumers for processed and packaged foods due to busy lifestyles. Many of those products contain fruit, such as baked products, jams, spreads, beverages, candy, and dairy items.
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Also, according to the report, as consumers continue to seek healthier options, that will drive sales in the frozen food segment. The rise in fruit pulp usage is another factor, as many countries use frozen fruit pulp differently. For example, Latin America uses Camu-Camu for food, medicine, and cosmetics, while frozen fruit pulp boosts vitamin C content in processed/prepared products, like juice, jams, nectar, sweets, and alcoholic beverages.
The global processed and frozen fruit market is segmented into three categories: dried, canned, frozen, and convenience. The canned segment generates the greatest market share, with more than 35% of the total market revenue in 2021.
