Frozen Fruits Market To Register High Revenue Growth At 4.9% CAGR During 2016-2022
Verfasser: yogesh on Tuesday, 4 December 2018The level at which urban lives are getting complicated, handling workloads & faring long distances, there is a bespoken need for consuming convenience and ready-to-eat foods such as frozen fruits. While rising disposable incomes of consumer do boost the sales of frozen fruits, it is the booming retail & online shopping sector that has attracted consumers towards frozen fruits. Benefits of consuming frozen fruits have been scientifically-proven by research studies, but have been attested by online platforms that promote the consumption of frozen fruits over fresh fruits. Persistence Market Research believes that the global demand for frozen fruits will grow steadily in the years to come, procuring revenues worth over US$ 2.5 Bn by 2022-end.
In its latest report, titled “Frozen Fruits: Global Industry Analysis and Forecast, 2016-2022,” Persistence Market Research has assessed that in 2016, more than 1,600,000 tons of frozen fruits were consumed across the globe, bringing in revenues worth US$ 1.8 Bn. During the forecast period, 2016-2022, the global consumption of frozen fruits is expected to surpass 2,000,000 tons, however, reflecting a moderate growth at 3.8% CAGR. In terms of revenues as well, the global frozen fruits market will expand at an average pace, exhibiting a CAGR of 4.9%.