GCC Frozen Fruits and Vegetables Market Overview:
The GCC frozen fruits and vegetables market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. Frozen fruits and vegetables, such as mangoes, peaches, melon, kiwis, mushrooms, beans, and carrots, are plucked at peak ripeness and subjected to rapid freezing to preserve their nutritious values. They undergo washing, blanching, cutting, freezing, and packaging as standard procedures. Frozen fruits and vegetables are widely used in bakeries, dairy, ice creams, pastries, jams, sorbets, and frozen desserts. They are rich in vitamins C and E, riboflavin, calcium, magnesium, copper, zinc, iron, fibers, phenolics, and antioxidants. They are also fully mature, additive-free, versatile, convenient, accessible, and provide access to nutrients out of season.
The increasing consumer awareness regarding various benefits offered by frozen fruits and vegetables is one of the key factors supporting the market growth in GCC. Frozen fruits and vegetables are widely used as they are highly nutritious, convenient to use, easily accessible, and ensure a steady supply of products and raw materials throughout the year. The escalating product demand can also be attributed to the rising need for convenience food with minimal preparation and cooking time due to changing consumer lifestyles and the increasing female working population in the region. Furthermore, several regional governments are extensively investing in the food and beverage (F&B) industry through state-of-the-art technologies, advanced packaging, cold chain facilities, and distribution networks, which, in turn, are providing an impetus to market growth. Additionally, the recent development in fruit processing technologies, such as the osmodehydrofreezing process that doesn’t require preservatives and maintains the natural flavor, colors, and texture of frozen fruits, is positively influencing the market growth. Moreover, widespread product utilization in hotels, restaurants, and other hospitality facilities to reduce food waste, enable fast preparation of dishes, and minimize hotel costs is supporting the market growth. Other factors, including rising expenditure capacities of consumers, easy product availability across various e-commerce platforms, and extensive research and development (R&D) activities to enhance the product’s shelf life and nutritional value, are anticipated to drive market growth.
Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC frozen fruits and vegetables market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC frozen fruits and vegetables market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC frozen fruits and vegetables market in detail for latest trends, outlook and opportunities.
The report analyses the competitive structure of the GCC frozen fruits and vegetables market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC frozen fruits and vegetables market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC frozen fruits and vegetables market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC frozen fruits and vegetables market industry. Furthermore, the value chain analysis of the GCC frozen fruits and vegetables market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
GCC Frozen Fruits and Vegetables Market Segment Insights:
The GCC frozen fruits and vegetables market has been analysed as followed:
By Product Type:
By Distribution Channel:
Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Highlights of the GCC Frozen Fruits and Vegetables Market Report:
The GCC frozen fruits and vegetables market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs
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