Frozen Fruits And Vegetables Market

The global market for frozen fruits and vegetables is expected to experience steady growth over the next eight years, with a forecasted increase in both volume and value. Consumption, production, imports, and exports trends have been analyzed, showing fluctuations and growth rates in different regions and countries. Key players in the market include China, the United States, and India, with varying rates of growth and consumption patterns. The article provides detailed insights into the market performance, highlighting key statistics and trends to watch in the frozen fruits and vegetables industry.

Market Forecast

Driven by increasing demand for frozen fruits and vegetables worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.6% for the period from 2022 to 2030, which is projected to bring the market volume to 61M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.1% for the period from 2022 to 2030, which is projected to bring the market value to $93.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Frozen Fruits And Vegetables

In 2022, approx. 49M tons of frozen fruits and vegetables were consumed worldwide; which is down by -2.2% on 2021 figures. The total consumption volume increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, global consumption hit record highs at 51M tons in 2021, and then shrank modestly in the following year.

The global frozen fruits and vegetables market revenue fell slightly to $85.8B in 2022, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the market value increased by 9.6%. Global consumption peaked at $86.6B in 2021, and then declined in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (8.2M tons), the United States (5.9M tons) and India (3.5M tons), with a combined 36% share of global consumption.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +4.9%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest frozen fruits and vegetables markets worldwide were China ($10.4B), the United States ($9B) and the UK ($2.5B), together comprising 26% of the global market. Japan, Germany, India, Italy, France, Bangladesh, Ethiopia, Pakistan, Spain and Egypt lagged somewhat behind, together comprising a further 18%.

Ethiopia, with a CAGR of +7.3%, saw the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of frozen fruits and vegetables per capita consumption in 2022 were the UK (29 kg per person), Italy (21 kg per person) and Germany (20 kg per person).

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +4.2%), while consumption for the other global leaders experienced more modest paces of growth.

Consumption By Type

The products with the highest volumes of consumption in 2022 were frozen potatoes (26M tons), frozen fruit and nuts (13M tons) and frozen vegetables other than potato and corn (7.9M tons), with a combined 98% share of global consumption.

From 2012 to 2022, the biggest increases were recorded for frozen fruit and nuts (with a CAGR of +4.0%), while consumption for the other products experienced more modest paces of growth.

In value terms, frozen potatoes ($25.6B), frozen fruit and nuts ($25.1B) and frozen vegetables other than potato and corn ($11.4B) appeared to be the products with the highest levels of market value in 2022, together accounting for 98% of the global market.

In terms of the main consumed products, frozen fruit and nuts, with a CAGR of +5.0%, recorded the highest growth rate of market size over the period under review, while market for the other products experienced more modest paces of growth.

Production

World Production of Frozen Fruits And Vegetables

In 2022, global production of frozen fruits and vegetables shrank slightly to 50M tons, declining by -2.1% on the previous year. The total output volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 5.1% against the previous year. Global production peaked at 51M tons in 2021, and then shrank in the following year.

In value terms, frozen fruits and vegetables production reduced to $58B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 11% against the previous year. Over the period under review, global production attained the peak level at $65.3B in 2019; however, from 2020 to 2022, production remained at a lower figure.

Production By Country

China (9.5M tons) remains the largest frozen fruits and vegetables producing country worldwide, comprising approx. 19% of total volume. Moreover, frozen fruits and vegetables production in China exceeded the figures recorded by the second-largest producer, Belgium (4.5M tons), twofold. The United States (4.3M tons) ranked third in terms of total production with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume in China totaled +3.4%. In the other countries, the average annual rates were as follows: Belgium (+4.6% per year) and the United States (+3.2% per year).

Production By Type

The products with the highest volumes of production in 2022 were frozen potatoes (26M tons), frozen fruit and nuts (13M tons) and frozen vegetables other than potato and corn (8.3M tons), together comprising 98% of global production.

From 2012 to 2022, the biggest increases were recorded for frozen fruit and nuts (with a CAGR of +3.9%), while production for the other products experienced more modest paces of growth.

In value terms, the largest types of frozen fruits and vegetables in terms of market size were frozen fruit and nuts ($24.1B), frozen potatoes ($22.2B) and frozen vegetables other than potato and corn ($11.2B), together accounting for 98% of global production.

In terms of the main produced products, frozen fruit and nuts, with a CAGR of +5.5%, saw the highest growth rate of market size over the period under review, while production for the other products experienced more modest paces of growth.

Imports

World Imports of Frozen Fruits And Vegetables

In 2022, global frozen fruits and vegetables imports was estimated at 19M tons, surging by 4.3% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 6%. Global imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, frozen fruits and vegetables imports rose remarkably to $27.9B in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.5% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports By Country

In 2022, the United States (2.9M tons), distantly followed by France (1.4M tons), the UK (1.4M tons), Germany (1.3M tons) and Japan (1.2M tons) represented the key importers of frozen fruits and vegetables, together creating 43% of total imports. Belgium (790K tons), the Netherlands (759K tons), Italy (656K tons), South Korea (575K tons), Spain (524K tons), Brazil (406K tons), Canada (369K tons) and Poland (364K tons) took a relatively small share of total imports.

Imports into the United States increased at an average annual rate of +4.9% from 2012 to 2022. At the same time, Poland (+11.9%), Canada (+5.6%), Brazil (+4.6%), South Korea (+4.0%), the UK (+3.9%), Italy (+3.7%), Japan (+2.1%), France (+1.7%), Belgium (+1.2%) and Germany (+1.2%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of +11.9% from 2012-2022. Spain and the Netherlands experienced a relatively flat trend pattern. The United States (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while France and Germany saw its share reduced by -1.5% and -1.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($4.6B), Japan ($2.4B) and Germany ($2B) appeared to be the countries with the highest levels of imports in 2022, together comprising 32% of global imports. France, the UK, Belgium, the Netherlands, Italy, South Korea, Canada, Spain, Poland and Brazil lagged somewhat behind, together accounting for a further 34%.

Poland, with a CAGR of +12.8%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

In 2022, frozen potatoes (9.2M tons) was the main type of frozen fruits and vegetables, achieving 49% of total imports. Frozen vegetables other than potato and corn (6.1M tons) took the second position in the ranking, distantly followed by frozen fruit and nuts (3M tons). All these products together held near 48% share of total imports. Frozen sweet corn (402K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for frozen fruit and nuts (with a CAGR of +4.3%), while purchases for the other products experienced more modest paces of growth.

In value terms, frozen potatoes ($10.4B), frozen vegetables other than potato and corn ($8.4B) and frozen fruit and nuts ($8B) constituted the products with the highest levels of imports in 2022, together comprising 98% of global imports.

Among the main imported products, frozen fruit and nuts, with a CAGR of +6.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other products experienced more modest paces of growth.

Import Prices By Type

The average frozen fruits and vegetables import price stood at $1,466 per ton in 2022, picking up by 7.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the product type; the product with the highest price was frozen fruit and nuts ($2,706 per ton), while the price for frozen potatoes ($1,130 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by frozen fruit and nuts (+2.4%), while the other products experienced more modest paces of growth.

Import Prices By Country

In 2022, the average frozen fruits and vegetables import price amounted to $1,466 per ton, surging by 7.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($1,970 per ton), while Brazil ($1,105 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Frozen Fruits And Vegetables

In 2022, global frozen fruits and vegetables exports was estimated at 19M tons, picking up by 4.6% compared with 2021. The total export volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 6.8% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, frozen fruits and vegetables exports totaled $27.1B in 2022. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.2% against 2015 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 15%. Over the period under review, the global exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports By Country

In 2022, Belgium (4.6M tons), distantly followed by the Netherlands (2.5M tons), Canada (1.7M tons), China (1.5M tons), the United States (1.3M tons) and Poland (1M tons) were the largest exporters of frozen fruits and vegetables, together generating 65% of total exports. The following exporters - Spain (794K tons), France (713K tons), Mexico (534K tons), Germany (525K tons) and Egypt (466K tons) - together made up 16% of total exports.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +10.4%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Belgium ($4.8B), the Netherlands ($3B) and Canada ($2.3B) were the countries with the highest levels of exports in 2022, with a combined 38% share of global exports. China, the United States, Poland, Spain, Mexico, France, Germany and Egypt lagged somewhat behind, together comprising a further 36%.

Egypt, with a CAGR of +11.7%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Exports By Type

In 2022, frozen potatoes (9.5M tons) and frozen vegetables other than potato and corn (6.4M tons) were the main types of frozen fruits and vegetablesin the world, together committing 83% of total exports. It was distantly followed by frozen fruit and nuts (2.8M tons), committing a 14% share of total exports. Frozen sweet corn (447K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exported products, was attained by frozen potatoes (with a CAGR of +4.1%), while the other products experienced more modest paces of growth.

In value terms, the largest types of exported frozen fruits and vegetables were frozen potatoes ($10.3B), frozen vegetables other than potato and corn ($8.6B) and frozen fruit and nuts ($7.4B), with a combined 98% share of global exports.

Frozen fruit and nuts, with a CAGR of +6.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exported products over the period under review, while shipments for the other products experienced more modest paces of growth.

Export Prices By Type

In 2022, the average frozen fruits and vegetables export price amounted to $1,406 per ton, with an increase of 7.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2021 an increase of 7.4%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by the product type; the product with the highest price was frozen fruit and nuts ($2,684 per ton), while the average price for exports of frozen potatoes ($1,083 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by frozen fruit and nuts (+2.8%), while the other products experienced more modest paces of growth.

Export Prices By Country

The average frozen fruits and vegetables export price stood at $1,406 per ton in 2022, growing by 7.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2021 an increase of 7.4% against the previous year. The global export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($1,802 per ton), while Belgium ($1,036 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+3.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform