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 Key Buyers Chapter
The Frozen Fruit and Juice Production industry has a low level of concentration, where the top four players are estimated to account for about 26.3% of industry revenue in 2012. Companies that employ over 500 workers, including these top four companies, make up only about 15.9% of enterprises and they account for the majority of revenue. Smaller players are more prevalent, as enterprises with less than 10 employees make up 27.1% of firms and enterprises with fewer than 20 workers make up over one-third of enterprises.
Concentration has been increasing over the past five years due to merger and acquisition activity. These acquisitions are mainly occurring among smaller firms that are aiming to expand their market reach and capitalize on economies of scale... purchase to read more