Key regions: Philippines, Canada, India, China, United States
The Processed & Frozen Fruits Market in the EU-27 is experiencing slow growth due to various factors, including the increasing adoption of healthier food options and changing consumer preferences. The convenience of online shopping and the rising health awareness among consumers are also impacting the market's growth rate.
Customer preferences: There has been a growing demand for convenient and healthy snacking options, particularly among busy urbanites. This has led to an increase in consumption of processed and frozen fruits, as they offer a convenient and nutritious alternative to traditional snacks. Additionally, the trend towards health-conscious eating has also contributed to the rise in demand for frozen and processed fruits, as they are perceived as a healthier option compared to other processed snacks. These factors are expected to continue driving growth in the processed and frozen fruits market in the EU-27.
Trends in the market: In the EU-27 Processed & Frozen Fruits Market within the Fruits & Nuts Market, there is a growing trend towards sustainable and environmentally friendly practices. This includes the use of eco-friendly packaging and production methods, as well as an emphasis on locally sourced and organic ingredients. This trend is significant as it aligns with consumer demand for healthier and more sustainable food options. Industry stakeholders should pay attention to this trend and consider incorporating it into their business strategies to appeal to environmentally conscious consumers. Furthermore, this trend may have potential implications for the overall food industry, as consumers become more aware of the environmental impact of their food choices and demand more sustainable options.
Local special circumstances: In the EU-27, the Processed & Frozen Fruits Market of the Fruits & Nuts Market within The Food market is heavily influenced by strict regulations and guidelines on food safety and labelling. This has led to a higher demand for organic and sustainably sourced products, as well as increased consumer awareness and preference for clean label foods. Additionally, the EU's strong emphasis on environmental sustainability has also driven the market towards more sustainable packaging and production methods, such as utilizing renewable energy sources and reducing food waste.
Underlying macroeconomic factors: The Processed & Frozen Fruits Market of the Fruits & Nuts Market within The Food market is strongly influenced by macroeconomic factors such as consumer spending, trade policies, and technological advancements. In the EU-27, the demand for processed and frozen fruits is driven by rising health-consciousness and changing dietary preferences. Additionally, favorable trade agreements and advancements in food processing technology have contributed to the growth of this market. However, economic slowdowns and fluctuations in consumer spending can affect the market negatively. Furthermore, regulatory policies and fiscal measures aimed at promoting food safety and sustainability also play a significant role in shaping market dynamics.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.
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