The industry remained fairly stable in the past five years as lower incomes encouraged consumers to purchase frozen fruits and juices rather than higher-priced fresh varieties. Additionally, consumer desire for convenient and faster-to-prepare foods increased demand for frozen fruit. Still, industry products faced significant competition from fresh fruit and juice, which are often perceived to be nutritionally superior. In the next five years, the industry is anticipated to experience slightly stronger growth; however, demand and revenue will be hampered by stronger competition from fresh fruit and juice as disposable incomes rise.
This industry produces frozen fruit and frozen juices, including frozen concentrated orange juice, among other types. This industry excludes fresh fruit and other frozen products.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.