Processed & Frozen Fruits - Panama

Revenue in the Processed & Frozen Fruits market amounts to US$75.81m in 2024. The market is expected to grow annually by 5.41% (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$16.74 are generated in 2024.
In the Processed & Frozen Fruits market, volume is expected to amount to 18.06m kg by 2029. The Processed & Frozen Fruits market is expected to show a volume growth of 4.0% in 2025.0.
The average volume per person in the Processed & Frozen Fruits market is expected to amount to 3.4kg 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.

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

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

In Panama, the processed & frozen fruits market within the fruits & nuts market is experiencing minimal growth, impacted by factors such as limited consumer awareness and competition from fresh produce. Despite this, the convenience and longer shelf life of these products continue to drive some growth in the market.

Customer preferences: As consumers in Panama become more health-conscious, there is a growing demand for processed and frozen fruits that offer convenient and nutritious options. This trend is driven by changing lifestyles and a desire for quick and easy meal solutions. Additionally, there is an increasing demand for organic and locally sourced fruits, as consumers prioritize sustainability and supporting local farmers. This shift towards healthier and more sustainable food choices is expected to continue driving growth in the Processed & Frozen Fruits Market of the Fruits & Nuts Market within The Food market market.

Trends in the market: In Panama, the Processed & Frozen Fruits Market of the Fruits & Nuts Market within The Food market is experiencing a shift towards healthier and more convenient options. With an increasing demand for organic and natural products, the market is seeing a rise in the availability of frozen fruits and smoothie packs. Additionally, there is a growing trend of incorporating frozen fruits into ready-to-eat meals and snacks, providing consumers with a quick and nutritious option. This trend is expected to continue as consumers prioritize health and convenience in their food choices, creating opportunities for industry stakeholders to tap into this growing market.

Local special circumstances: In Panama, the Processed & Frozen Fruits Market of the Fruits & Nuts Market within The Food market is heavily influenced by the country's rich agricultural resources and its trade agreements with other countries. The tropical climate allows for a variety of fruits to be grown and exported, while the country's strategic location makes it a hub for international trade. Additionally, Panama's strong food safety regulations and strict quality control measures make it a trusted source for processed and frozen fruits in the global market.

Underlying macroeconomic factors: The Processed & Frozen Fruits Market of the Fruits & Nuts Market within The Food market in Panama is influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. The country's stable economic growth and favorable investment climate have led to increased demand for processed and frozen fruits, as consumers have more disposable income to spend on convenience foods. Additionally, Panama's strategic location and well-developed transportation infrastructure make it an attractive market for international trade, further boosting the growth of the processed and frozen fruits market. However, fluctuations in global commodity prices and trade policies can impact market performance, highlighting the need for companies to stay abreast of macroeconomic developments to make informed business decisions.

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.

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.