Industry Analysis & Industry Trends
The industry remained fairly stable in the past five years as increased demand for frozen fruit partially mitigated decreasing frozen juice sales. Consumer desire for convenient and faster-to-prepare foods and an emphasis toward healthier lifestyles increased demand for frozen fruit. Still, revenue decline as 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 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
This industry's product breakdown has shifted considerably over the past five years. While frozen fruit concentrates have historically represented the largest product category, they now represent less than 45.0% of industry sales. This category's decline was primarily due to unfavorable shifts in consumer tastes and much stronger demand for products within the frozen fruit segment.
In 2016, IBISWorld expects manufacturers' shipments of frozen berries (including strawberries, blueberries, blackberries and mixed varieties) to account for a combined 29.3% of industry revenue, while shipments of all other fruit varieties will account for the remaining 26.4% share... purchase to read more