Rapid globalization has increased the trade of fruits that occur between the countries and is seeing progressive development from the past few years. Different varieties of exotic fruits nowadays are easily accessible to people across different countries. Also, advancement in technology of refrigeration and shipment has progressively helped in dispatching perishable and short-lived shelf products.
Growing awareness of smart dieting for healthy living has expanded fruit consumption globally. Due to this, the canned fruit market is turning into the favored market for worldwide shipment and exchange. When compared with the traditional fruit market, the canned fruits market helps to produce more transport friendly products. Canning is a high-heat process that cleans and bleaches fruits before being added to the sugar syrup. Generally, a canned fruit, if remained unopened, has 1-2 years’ time span of usability. With the help of canned fruits, people can enjoy seasonal fruits throughout the year.
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Companies covered
Dole, AhiGuven, Annie’s Farm Company, Ayam Brand, B&G Food, Bolton Group, Bonduelle, Conagra Brands, Del Monte Foods, Dongwon Industries, General Mills, Goya Foods, Jal Pan Foods, Rhodes Food Group, Siam Pineapple, Winzintl
COVID-19 Scenario Analysis:
Due to COVID-19, the world economy is experiencing a slowdown.
Businesses which are into importing and exporting of their niche products have been impacted a lot by COVID-19.
The canned tropical fruit industry is also facing a COVID-19 impact.
Coronavirus has led to closure of the markets and hence, resulting in poor market conditions.
Production departments are not able to meet the customer’s needs due to the lack of labor, leading to low supply in the market.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis:
Customer demand for canned tropical fruits is increasing as they are healthier and have more nutritional value than the usual fruit available in the market. Canned tropical fruits can safeguard their nutritional value for a comparatively long period. Levels of minerals, fiber, and nutrients in canned fruit products are equivalent to un-canned fruit. The risk of decaying of un-canned fruits while people are traveling is the most significant reason for concern. Canned fruits, against this situation, gives an alternative for the raw fruit.
People are becoming more health-conscious, and therefore there is an increasing demand for low-calorie foods. In this scenario, canned fruits are preferable among the consumers as they are produced in mass, which has more shelf life and has a low price when compared with raw or un-canned fruits. Therefore, families belonging to any income group can afford it. But due to lack of awareness, the canned fruit market is perceived as low quality and full of preservatives, which in turn hampers its market growth globally.
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New product launches to flourish the market
As people are becoming more health-conscious, businesses that are into the canned fruit market are trying to cater to the needs of the customers. Instead of soaking the fruits in sugar syrup, they are soaking the same fruit into its natural juices, which makes it healthier. The market is also adding variety to its product line by increasing its product width and length.
Usage and industrial applications
The canned tropical fruit market is promoting itself to change the usual fruit consumption style of people. The market is also promoting itself as a health product. Health-conscious people, fruit lovers, travelers, and those who want to preserve the fruit for a longer time at their home, mainly prefer buying from this market segment.
Key market players of this segments are Dole, Farm Company, Ayam Brand, B&G Food, AhiGuven, Annie’s Bonduelle, Conagra Brands, Bolton Group, Dongwon Industries, General Mills, Del Monte Foods, Jal Pan Foods, Goya Foods, Siam Pineapple, Rhodes Food Group,
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Key Benefits of the Report:
This study presents the analytical depiction of the global Canned Tropical Fruit Market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Canned Tropical Fruit Market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Canned Tropical Fruit Market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global Canned Tropical Fruit Market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Canned Tropical Fruit Market Research Report:
What are the leading market players active in the Canned Tropical Fruit Market?
What the current trends will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What future projections would help in taking further strategic steps?
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