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Processed & Frozen Fruits - Guatemala

Guatemala
  • Revenue in the Processed & Frozen Fruits market amounts to US$166.70m in 2024. The market is expected to grow annually by 5.85% (CAGR 2024-2029).
  • In global comparison, most revenue is generated China (US$10bn in 2024).
  • In relation to total population figures, per person revenues of US$9.08 are generated in 2024.
  • In the Processed & Frozen Fruits market, volume is expected to amount to 28.83m kg by 2029. The Processed & Frozen Fruits market is expected to show a volume growth of 1.7% in 2025.0.
  • The average volume per person in the Processed & Frozen Fruits market is expected to amount to 1.5kg in 2024.

Definition:

The Processed and Frozen Fruits market covers all products made from edible fruits that have been canned, frozen, dehydrated, fermented, or pickled.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

For more information on the displayed data, click the info button on the right side of each box.

In-Scope

  • Processed fruits
  • Frozen fruits
  • Preserved fruits
  • Compotes and stewed fruits
  • Dried fruit

Out-Of-Scope

  • Jams and marmelades
  • Fresh fruits
  • Nuts
  • Fruit powder/flour
  • Fruits-based homogenized preparations as baby food
  • Trail mixes
  • Out-of-home consumption

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Source: Statista Market Insights

Most recent update: Sep 2024

Source: Statista Market Insights

Volume

Most recent update: Sep 2024

Source: Statista Market Insights

Most recent update: Sep 2024

Source: Statista Market Insights

Price

Most recent update: Sep 2024

Source: Statista Market Insights

Sales Channels

Most recent update: Nov 2024

Source: Statista Market Insights

Global Comparison

Most recent update: Sep 2024

Source: Statista Market Insights

Analyst Opinion

The Processed & Frozen Fruits Market in Guatemala has shown minimal growth due to factors such as limited availability of resources and low purchasing power of consumers. Despite the increasing demand for healthy food options, the market is impacted by challenges in production and distribution.

Customer preferences:
Consumers are increasingly demanding more variety and convenience in their food choices, leading to a growing demand for processed and frozen fruits. This trend is driven by busy lifestyles and the desire for easy and quick meal options. Additionally, there is a growing awareness among consumers about the health benefits of frozen fruits, such as longer shelf life and higher nutrient retention compared to fresh fruits. This has resulted in a shift towards incorporating frozen fruits in daily diets, especially among health-conscious individuals.

Trends in the market:
In Guatemala, the Processed & Frozen Fruits Market of the Fruits & Nuts Market within The Food market is experiencing a surge in demand for organic and natural products. This trend is driven by increasing consumer awareness and preferences for healthier options. Additionally, the market is seeing a rise in e-commerce platforms for these products, providing convenient access for consumers. This trajectory is significant for industry stakeholders as it presents opportunities for expansion and diversification of product offerings. However, it also poses challenges for traditional players who may struggle to keep up with changing consumer demands. Overall, this trend is likely to continue in the future, with potential implications for the market's competitiveness and profitability.

Local special circumstances:
In Guatemala, the Processed & Frozen Fruits Market of the Fruits & Nuts Market within The Food market is influenced by the country's diverse geography and rich agricultural resources. The availability of fertile land and favorable climate conditions enable the production of a wide variety of fruits and nuts, including bananas, pineapples, and cashews. This not only drives the market's growth but also creates opportunities for local farmers and producers. Additionally, Guatemala's significant exports to the United States and other countries are supported by preferential trade agreements, making it a key player in the global processed and frozen fruits market.

Underlying macroeconomic factors:
The Processed & Frozen Fruits Market of the Fruits & Nuts Market within The Food market is influenced by various macroeconomic factors in Guatemala. The country's economic health and fiscal policies play a crucial role in determining the performance of the market. Additionally, global economic trends and financial indicators, such as consumer spending and inflation, also impact the demand for processed and frozen fruits. Moreover, government initiatives to promote the agriculture sector and foreign investments in the food industry are expected to drive market growth. Furthermore, the growing awareness about the health benefits of frozen fruits and the increasing demand for convenience food products are also contributing to market growth.

Methodology

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.

Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Sep 2024

Source: Statista Market Insights

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Dried fruit market - statistics & facts

Dried fruit is a typical snack and recipe ingredient used for centuries. The food has beneficial qualities such as its sweet taste and long shelf life. The bulk of the production of dried fruits are dried grapes, commonly known as raisins, and table dates. Table dates and raisins have a supply value of about 4.8 and 2.5 million U.S. dollars respectively. The United States and Turkey supply the most dried fruit and claim 30 percent of the worldwide market for dried fruit production in total.
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