SAN FRANCISCO, Sept. 23, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Frozen Fruits and Vegetables - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE Edition: 19; Released: April 2021 Executive Pool: 1513 Companies: 66 - Players covered include Ardo NV; Bonduelle Group; Findus Sverige AB; General Mills Inc.; Lamb Weston Holdings Inc.; McCain Foods Limited; Mirelite Mirsa Zrt.; Pinnacle Foods Inc.; Simplot Food Group; The Kraft Heinz Company; Vivartia S.A. and Others. Coverage: All major geographies and key segments Segments: Product Type (Frozen Vegetables, Frozen Fruits) Geographies: World; United States; Canada; Japan; China; Europe ( France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific ( Australia; India; South Korea; and Rest of Asia-Pacific); Latin America ( Argentina; Brazil; Mexico; and Rest of Latin America); Middle East ( Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Frozen Fruits and Vegetables Market to Reach 28.1 Million Tons by 2026Amid the COVID-19 crisis, the global market for Frozen Fruits and Vegetables estimated at 26.2 Million Tons in the year 2020, is projected to reach a revised size of 28.1 Million Tons by 2026, growing at a CAGR of 1.1% over the analysis period. Frozen Vegetables, one of the segments analyzed in the report, is projected to record a 1.2% CAGR and reach 25.9 Million Tons by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Frozen Fruits segment is readjusted to a revised 0.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at 7.2 Million Tons in 2021, While China is Forecast to Reach 5.2 Million Tons by 2026The Frozen Fruits and Vegetables market in the U.S. is estimated at 7.2 Million Tons in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of 5.2 Million Tons by the year 2026 trailing a CAGR of 2.4% over the analysis period. Among the other noteworthy geographic markets is Canada, which is forecast to grow at 0.8% CAGR over the analysis period. Within Europe, Germany is forecast to grow at approximately 0.2% CAGR. More
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SOURCE Global Industry Analysts, Inc.