APAC Frozen Fruits and Vegetables Market – Overview:
The increasing demand for nutritious fruits and vegetable products is gaining impetus around the world. Reports that gauge the food, beverage and nutrition industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects. The market is expected to develop at a superlative CAGR in the forthcoming period.
APAC frozen Fruits and Vegetables Market is expected to register a 7.60% CAGR from 2020 to 2030 and reach USD 9.12 billion by the end of 2030.
The rise in application for frozen fruits and vegetables has grown exponentially due to the growth in the confectionery, bakery and dairy products sector. Moreover, the demand for ready to eat food options is expected to motivate the APAC Frozen Fruits and Vegetables Market Research in the impending period.
Segmentations:
The segmental analysis of the APAC frozen fruits and vegetable market is carried out on the basis of type, packaging, form, application and country. Based on Type, the APAC frozen fruits and vegetable market is segmented into fruits and vegetables. On the basis of form, the APAC frozen fruits and vegetable market is segmented into puree, whole, topping bar and other processed forms. Based on packaging, the APAC frozen fruits and vegetable market is segmented into >10-15 kgs, <10 kgs, 15-30 kgs, and >30 kgs. Based on application, the APAC frozen fruits and vegetable market is segmented into Fruits such as Whole Fruits, Bakery Foods, Fruit juices & Smoothies, Salads & Desserts, Breakfast Cereals and Yoghurt. While the Vegetable segment comprises of Pizza Toppings, Whole Vegetables, Salads, Ready to Eat Foods, Soups, Noodles & Pastas, and Others. Based on country, the APAC frozen fruits and vegetable market comprises Of China, India, Japan, Thailand and rest of APAC.
Detailed Regional Analysis:
The analysis of the countries in the region includes China, India, Japan, Thailand and rest of APAC. The market is rising at an incremental pace of expansion in the Asia Pacific region. India is considered among the key countries leading the APAC frozen fruits and vegetable market with a varied agro climatic zone leading to make diverse kinds of fruits and vegetables. India is the principal producer of fruits in the world. The domestic market for frozen fruits and vegetables is restricted though it is progressively expanding. The frozen fruits and vegetables rank among the chief products exported to main markets such as Russia, the US, the UK, Germany and the Middle East. Thus, India is demonstrating capability to be the rising market in the APAC frozen fruits and vegetables market in the upcoming forecast period.
Competitive Landscape:
A considerable rise in the number of investors in the market is projected to create an advantageous scenario for the progress of the market in the forecast period. The progress of the market is expected to capture increased momentum in the coming years primarily due to the presence of conducive government policies. The improvements in various domestic economies are expected to motivate the development of the market in the upcoming period. The accessibility to key tactical opportunities leading to consequent stabilization of inflation is anticipated to create promising openings for expansion in the coming years. In the coming years, the influence exerted by relatively high-income levels in nations around the world and the potential gains observed to some of the currencies in the world is expected to reinforce the evolution of the market in the forecast period. The growth turnaround in the market is expected to activate new opportunities for expansion of the market.
The notable companies profiled in the APAC Frozen Fruits and Vegetables Market Report are Ardo NV (Belgium), HJ Heinz (US), Simplot Australia PTY Ltd (Australia), Nanjing Zhongliang Organic Fruits and Vegetables Food Co., Ltd. (China), General Mills (U.S.), Dole (U.S.), Findus Sverige AB, (Sweden), Pinnacle Foods Corp. (US), Bonduelle Group (France) and Allanasons Private Limited (India) to name a few.
Industry Updates:
Dec 2018 The Bonduelle brand has recently launched its frozen organic product, with 500 g of green beans and peas profiting from precooked steam technology. To differentiate itself from the severe competition in this market, the French brand is dedicated to guaranteeing that the vegetables in this offering are 100% of French organic farming source. In addition, the packaging is made up of 45% of bio-sourced sugar cane resources to correspond with the character of a sustainable and responsible economy.
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