Frozen Fruit & Juice Production in the US - Industry Market Research Report

Frozen Fruit & Juice Production in the US
The Frozen Fruit and Juice Production industry has grown over the last few years, despite restructuring of its key product segments. This industry consists of two distinct product groups: frozen juice concentrates and frozen berries and other fruits. These two segments experienced significantly different growth trajectories over the past five years. The frozen fruit segment has benefited from rising health consciousness, new product development and expanding shelf space in freezer aisles. The rapidly growing popularity of ready-to-blend smoothie kits has helped drive demand for frozen berries and tropical fruit varieties from the household market. In contrast, the frozen juice concentrates segment has contended with an overall decline in per capita juice consumption and rising external competition from fresh juice producers. Over the past five years, industry revenue has been increasing at a CAGR of 4.4%, and is expected to reach $4.5 billion in 2023. While the COVID-19 pandemic has resulted in significant disruptions in industry trends, industry revenue has continued to rise, with a growth of 8.4% anticipated in 2023.

This industry produces frozen fruit and frozen juices. Industry goods comprise frozen fruit products including frozen berries and frozen concentrated juices. This industry excludes fresh fruit and other frozen products.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.