NEWARK, Del, June 21, 2023 (GLOBE NEWSWIRE) -- According to Future Market Insights (FMI), the global packaged fresh fruits market is estimated to reach a total value of US$ 12,837.6 million in 2023. Over the projection period, global sales of packaged fresh fruits are likely to soar at 5.5% CAGR. By 2033, the total, market size is anticipated to reach US$ 22,012.5 million.
Packaged fresh fruits are one of the most versatile products available in the market which can be consumed raw or minced. They also provide the flexibility to flavor milk and other beverages.
Consumers are increasingly looking forward to foods that are readily available and can go with everything. This is expected to elevate packaged fresh food demand during the assessment period.
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It has been observed that individuals are becoming more habituated to healthy snacking at regular intervals owing to their work-centric lifestyles. Millennials are among those who are leading this lifestyle, and as awareness rises, so does the preference for healthy food options.
Further, there is an increase in initiatives taken by national and international organizations to create awareness about eating healthy food. This is expected to create a conducive environment for the development of the global packaged fresh fruits industry.
For instance, United Nations declared 2021 as the ‘International Year of Fruits and Vegetables’ to encourage individuals to make healthier food choices in their daily routines to improve health and reduce the incidence of diet-related illnesses
These initiatives also aim at reducing food losses and waste in global food systems. Such efforts will continue to prove beneficial for the packaged fresh fruit market.
Key Takeaways from this Market Report:
- The global packaged fresh fruits market is anticipated to reach a market valuation of US$ 22,012.5 million by 2033.
- Based on form, conventional segment is forecast to exhibit a CAGR of 4.9% during the assessment period.
- By distribution channel, retail sales segment is set to total a valuation of US$ 17,320.1 million by 2033.
- The United States packaged fresh fruits industry size is projected to reach US$ 4,910.2 million by 2033.
- China market is forecast to exceed a valuation of US$ 1,840.2 million by the end of 2033.
- Packaged fresh fruit demand in India is predicted to rise at 5.2% CAGR during the prediction period.
“The increasing use of fresh fruits in bakery and confectionery applications aligns with the growing consumer demand for healthier and more natural food options, providing opportunities for innovation and market expansion," says a lead analyst at Future Market Insights (FMI).
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Who is Winning?
Del Monte Foods, Inc., Dole Packaged Foods, LLC, Country Fresh Inc., The Wonderful Company LLC, Goya Foods, Inc., Chiquita Brands LLC, Sundia Corporation, Sahyadri Farms, Trinity Fruit Company Inc., Juicy Gems, Anusaya Fresh India Pvt. Ltd., The FruitGuys, C.H. Robinson Worldwide, Inc., GreenFood Iberica, My Harvest Farms and others are the few leading packaged fresh fruit companies profiled in the report.
These companies are introducing new high-quality products into the market to meet evolving consumer demand and changing industry trends. They are also adopting strategies such as facility expansions, acquisitions, collaborations, etc. to expand their footprint.
For instance,
- In October 2020, Goya Foods, an American Hispanic-owned food company, announced a US$ 80 million investment to expand its manufacturing and distribution capacities at the facility in Brookshire, Texas.
- In May 2021, a Chinese fruit manufacturer, Joy Wing Mau Corporation Ltd, announced a strategic partnership with Dole China to launch a packed fruit cup.
- In 2017, a German company named FOOD Freshly formed a joint venture which is named FOOD Fresh India, with exotic fruits importer IG International to launch packaged fresh-cut fruits such as apples, pears, and other fruits.
Get More Valuable Insights:
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global packaged fresh fruits market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the packaged fresh fruits industry based on variety (apple, banana, peaches, grapefruit, mango, orange, kiwi, lemon, pineapple, and pomegranate), nature (organic, natural, and conventional), distribution channel (retail sales (discount stores, hypermarkets/supermarkets, grocery stores, specialty food stores, wholesale stores, online retail, and others) and HoReCa), & Region.
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Market by Categorization:
By Variety:
- Apple
- Banana
- Peaches
- Grapefruit
- Mango
- Orange
- Kiwi
- Lemon
- Pineapple
- Pomegranate
By Nature:
- Organic
- Natural
- Conventional
By Distribution Channel:
- Retail Sales
- Hypermarkets/ Supermarkets
- Discount Stores
- Wholesale Stores
- Grocery Stores
- Specialty food Stores
- Online Retail
- Others
- HoReCa
By Region:
- North America
- Europe
- Latin America
- South Asia
- East Asia
- Oceania
- Middle East & Africa
Table of Content (ToC):
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition
3. Market Dynamics
3.1. Drivers
3.1.1. Supply Side Drivers
3.1.2. Demand Side drivers
3.1.3. Economic Side Drivers
3.2. Restraints
4. Value Chain Analysis
4.1. Operating margins at each node of the supply chain
4.2. List of Active Market Participants
5. Global - Pricing Analysis
5.1. Price Point Assessment by Region
5.1.1. Manufacturer-Level Pricing
5.1.2. Distributor Level Pricing
5.2. Price Point Assessment By Product
5.3. Price Forecast till 2033
View Complete TOC: https://www.futuremarketinsights.com/toc/rep-gb-17446
About the Food & Beverage Division at Future Market Insights (FMI):
Expert analysis, actionable insights, and strategic recommendations – the Food & Beverage team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
Explore FMI’s Extensive Coverage in Food & Beverage Domain:
Processed Superfruits Market Size: During the projected period, the Processed Superfruits market is expected to grow at a CAGR of 5 %. The market value is projected to increase from US$ 53.7 Million in 2022 to US$ 87.5 Million by 2032.
Canned Fruits Market Share: The global canned fruits market is projected to register at a moderate-paced CAGR of 1.9% over the forecast period. The canned fruits market is currently valued at US$ 9.95 Billion in 2023.
Frozen Fruit Bars Market Trend: The global frozen fruit bars market is estimated to surpass a valuation of US$ 22 Million by the end of 2032.
Freeze Dried Fruits Market Forecast: According to Future Market Insights, the global freeze dried fruits market is expected to record a CAGR of 7.5% from 2023 to 2033 and reach a valuation of US$ 8.63 billion in 2023.
Fruit Concentrate Puree Market Outlook: The fruit concentrate puree market is currently valued at US$ 1700 Million in the year 2021 which is estimated to grow with a CAGR of 6.8% to a value of US$ 3282.2 Million for the forecast period of 2022 to 2032.
Fruit & Vegetable Ingredient Market Sale: The Fruit & Vegetable Ingredient market is valued at US$ 233.8 Billion in 2022 and is projected to grow at a CAGR of 5.2% during the forecast period, to reach a value of US$ 388.5 Billion by 2032.
Fruit Snacks Market Demand: Global fruit snacks market demand is anticipated to be valued at US$ 5,456 Million in 2022, forecast a CAGR of 7.4% to be valued at US$ 11,120 Million from 2022 to 2032.
Fruit Powders Market Growth: The fruit powder market is anticipated to grow at a 7.4% CAGR between 2023 and 2033, according to the Future Market Insights (FMI) estimation. By 2033, the fruit powder market is poised to be valued from US$ 17.5 billion in 2033 to US$ 36.4 billion.
Fruit Pectin Market Overview: The fruit pectin market is expected to expand at a steady CAGR of 5.6% each year, with an expected value of US$ 1,470.5 million in 2032.
Fruit Pomace Market Value: The fruit pomace market is predicted to reach a valuation of US$ 3.5 billion in 2023 and is estimated to rise to US$ 5.0 billion by 2033.
About Future Market Insights (FMI):
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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