Processed & Frozen Fruits - Sri Lanka

Revenue in the Processed & Frozen Fruits market amounts to US$130.00m in 2024. The market is expected to grow annually by 8.86% (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$5.92 are generated in 2024.
In the Processed & Frozen Fruits market, volume is expected to amount to 33.37m kg by 2029. The Processed & Frozen Fruits market is expected to show a volume growth of 4.2% in 2025.0.
The average volume per person in the Processed & Frozen Fruits market is expected to amount to 1.3kg 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

The Processed & Frozen Fruits Market in Sri Lanka has been experiencing subdued growth, due to factors such as limited availability of raw materials, high production costs, and changing consumer preferences. Despite this, the market is expected to grow as the government encourages investment in the food industry and consumers become more health-conscious.

Customer preferences: The processed and frozen fruits market in Sri Lanka is experiencing a growing demand for organic and healthy options, as consumers become more health-conscious. This trend is driven by a shift towards a healthier lifestyle and a desire for convenient and nutritious food choices. Additionally, there is a rising demand for plant-based and vegan products, as consumers become more environmentally conscious and seek alternatives to traditional meat and dairy products. This has led to an increase in the availability of plant-based frozen and processed fruit options in the market.

Trends in the market: In Sri Lanka, the Processed & Frozen Fruits Market of the Fruits & Nuts Market within The Food market is experiencing a surge in demand for organic and health-focused options. This trend is driven by a growing awareness of the benefits of consuming natural and nutritious products. Additionally, there is a rising preference for convenience and longer shelf-life, leading to an increased demand for frozen fruits. Industry stakeholders must adapt to these changing consumer preferences and invest in innovative production methods and packaging to stay competitive in the market.

Local special circumstances: In Sri Lanka, the Processed & Frozen Fruits Market of the Fruits & Nuts Market within The Food market has been greatly influenced by the country's tropical climate and abundant fruit production. This has led to a strong focus on fruit processing and freezing technologies, as well as a wide range of local fruit varieties being used in these products. Additionally, Sri Lanka's stringent food safety regulations have played a crucial role in ensuring the quality and safety of processed and frozen fruits, making it a highly competitive market in the region.

Underlying macroeconomic factors: The Processed & Frozen Fruits Market of the Fruits & Nuts Market within The Food market is affected by macroeconomic factors such as trade policies, consumer income levels, and changing dietary preferences. Global economic trends, including population growth and increasing urbanization, influence demand for processed and frozen fruits. In Sri Lanka, rising disposable incomes and a growing middle class are driving demand for convenient and healthy food options, leading to increased consumption of processed and frozen fruits. Furthermore, government initiatives to promote the production and export of fruits and nuts are expected to contribute to market growth. However, challenges such as limited cold storage facilities and high transportation costs may hinder market expansion.

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.