The North America Frozen Fruit and Vegetables Mix Market will grow at a CAGR of 6.4% during the forecast period of 2022 to 2029.
Market Development
In 2022, An Indian company called Presume that sells frozen and chilled meat has announced the addition of new snacks to its menu. The company introduced frozen chicken nuggets, frozen veg and chicken spring rolls, mutton and others as part of its frozen food portfolio.
In 2022, Tyson Foods Inc. declared its intention to invest USD 355 million in the construction of a new facility in Bowling Green, Kentucky, to increase the production of bacon.
In 2022, J.R. Simplot Company made multi-year agreement with the Kraft Heinz Company. This has helped the company to add capacity and distribution capabilities.
In 2021, Del Monte, and Iceland were pleased to announce their collaboration to launch an extensive new Del Monte Frozen Fruits range Del Monte Frozen Raspberries (350g) and Del Monte Frozen Blueberries and so on.
In 2021, McCain Foods, the family-owned global leader in frozen potato specialties and appetizers, and Strong Roots, a leading provider of plant-based frozen foods, jointly announced a strategic partnership. McCain Foods will invest USD 55 million in Strong Roots to acquire a minority stake in the company.
In 2019, In order to increase capacity at the vegetable processing facility in Gourin, Brittany, run by the Belgian frozen food specialist, Group has invested USD 49.5 million over the course of five years. As a result, the company's production capacity has increased.
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Market Definition
Frozen fruit is when the fruit is frozen, it is picked at the peak of ripeness and flash-frozen soon after to preserve the optimal nutrition benefits. Frozen fruit often lasts several months and may be more economical than buying fresh fruit that goes bad quickly.
Frozen vegetables are vegetables that have had their temperature reduced and maintained below their freezing point for storage and transportation until they are ready to be eaten. They may be commercially packaged or frozen at home.
North America Frozen Fruit and Vegetables Mix Market Dynamics
Drivers
Growing urbanization and increased adoption of a healthy lifestyle
Nowadays, people are becoming more aware of the health benefits of vegetables and fruits, boosting the market demand. Also, the increasing urbanization involving high disposable income shifts the consumer's preference toward healthy food alternatives.
Vegetarian Food such as vegetables and fruits is more suitable owing to their health benefits. People are more concerned about food content such as low cholesterol and calorie which increases the demand for vegetables and fruits.
Thus, various health benefits associated with the consumption of vegetables and fruits are thus attracting many health-conscious consumers towards its consumption and boosting the market's growth.
Increasing consumption of canned and frozen food
The changing lifestyle and busy schedules of individuals have pushed the market consumption trend toward canned and frozen Food. This consumption has increased further due to the unfortunate spread of Coronavirus worldwide as consumers stockpiled their freezers with longer shelf items during lockdowns. Also, increased consumption has prompted manufacturers to develop new innovative launches and various healthy alternatives. Among all the innovations, vegetables and fruits are used exclusively as an ingredient in various canned and frozen Foods
Thus with so many launches and expansions of manufacturers towards innovation in frozen and canned vegetables and fruits, the market for vegetables and fruits will grow in North America. Moreover, as the frozen and canned food market grows, the industry will see more new and innovative launches and developments of these products, thus, driving the market towards a positive escalation.
Opportunity
Digitalization of the retail industry
Digital transformation of the food retail industry to improve their service and facilities to stay ahead of the curve and to cater to the customers' demand will provide immense opportunities for frozen fruits and vegetable manufacturers. The increase in the inclination of consumers towards online shopping of food products due to its convenience coupled with the availability of a wide variety of frozen fruits and vegetables on online platforms is creating a huge opportunity for the frozen fruit and vegetable market.
Online grocery shopping is the major trend, expected to impel the market's growth. Moreover, the online shopping platform helps the manufacturers showcase their wide range of products in different categories and sell their food products. In addition to the growing penetration of smartphone and internet usage, retail grocery shopping is emerging as one of the platforms for frozen food manufacturers to grow in the market. The change in the pattern of shopping among consumers and increasing demand for convenient grocery shopping is expected to create great opportunities for frozen fruits and vegetable manufacturers.
The increase in online grocery shopping due to features of a wide variety of options and convenience is expected to boost the growth of the market and will create a great opportunity for the growth of the North American frozen fruit and vegetable mix market.
North America Frozen Fruit and Vegetables Mix Market Scope
The North American frozen fruit and vegetable mix market is segmented into five notable segments based on type, category, technology, end user, and distribution channel. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Type
Frozen Vegetables
Frozen fruits
Based on type the North America frozen fruit and vegetable mix market is segmented into frozen vegetables and frozen fruits.
Category
Conventional
Organic
Based on category, the North America frozen fruit and vegetable mix market is segmented into organic and conventional.
Based on technology, the North American frozen fruit and vegetable mix market is segmented into flash-freezing/ individual quick freezing (IQF), belt freezing, high-pressure-assisted freezing, and others.
Distribution Channel
Store-Baseded Retailers
Non-Store Based Retailers
North America Frozen Fruit and Vegetables Mix Market Regional Analysis/Insights
The North American frozen fruit and vegetable mix market is analyzed and market size insights and trends are provided based on as referenced above.
The countries covered in the North America Frozen fruit and vegetables mix market report are the U.S., Mexico, and Canada.
The U.S. is expected to dominate the North America frozen fruit and vegetable mix market in terms of market share and market revenue and is estimated to maintain its dominance during the forecast period due to the increasing demand from food service and hospitality industries within North America.
Competitive Landscape and North America Frozen Fruit and Vegetables Mix Market Share Analysis
The North America frozen fruit and vegetables mix market competitive landscape provides details of the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on North Americas frozen fruit and vegetable mix market.
Some of the major players operating in the North American frozen fruit and vegetable mix market are General Mills Inc., Conagra Brands, Inc., J.R. Simplot Company, Ardo, Bonduelle, Goya Foods, Inc., Hanover Foods, Grupo Virto, Alasko Foods Inc., Bs Foods, Capricorn Food Products India Ltd, Cascadian Farm Organic, Findus Sverige Ab, Fruktana, Healthy Pac Corp, Sfi Llc, Stahlbush Island Farms, Sunopta, and Twin City Foods Inc. among others.
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: North America Frozen Fruit and Vegetables Mix Market
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