The Frozen Fruits and Nuts market in the UK has seen a steady growth over the past decade, with significant expansions particularly between 2013 and 2017. In 2023, the market size stood at 268.4 million Euros. Year-on-year growth showed high single-digit rates up to 2017, before moderating to low single digits from 2018 onwards. Over the last two years (2022-2023), growth has particularly slowed, registering approximately 2.7%. The last five years exhibited an average annual increase of 2.98%, with a forecasted CAGR of 1.84% for the next five-year period (2024-2028). Overall, the market is projected to expand by 9.55% over the next five years reaching 301.59 million Euros by 2028.
Future trends to watch for include:
- Increased consumer interest in health and wellness, likely driving higher demand for natural and nutritious frozen fruits and nuts.
- Growing popularity of plant-based diets which could boost consumption in the sector.
- Technological advancements in freezing technology improving product quality and expanding the range of available products.
- Potential impacts of economic fluctuations and inflation on consumer spending habits.
