Industry Analysis & Industry Trends
The industry remained fairly stable in the past five years as lower incomes encouraged consumers to purchase frozen fruits and juices rather than higher-priced fresh varieties. Additionally, consumer desire for convenient and faster-to-prepare foods increased demand for frozen fruit. Still, industry products faced significant competition from fresh fruit and juice, which are often perceived to be nutritionally superior. In the next five years, the industry is anticipated to experience slightly stronger growth; however, demand and revenue will be hampered by stronger competition from fresh fruit and juice as disposable incomes rise.... purchase to read more
Industry Report - Industry Products Chapter
The Frozen Fruit and Juice Production industry can be broken up into frozen fruit and frozen juice. Frozen juice concentrates hold the largest share of industry revenue and can be further subdivided into orange juice and other juice concentrates. Operators produce more orange juice concentrate than any other juice concentrate because it is one of the most widely consumed juices in the United States.
Frozen fruit accounts for about 40.2% of revenue in 2012. Frozen fruit's advantages over fresh fruit include a longer shelf life and a lower price. Because people had less disposable income during the recession, many turned to cheaper frozen fruit instead of fresh fruit... purchase to read more