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Global Frozen Vegetables Market – Industry Trends and Forecast to 2029

  • Food & Beverage
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Food & Beverage
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Frozen Vegetables Market, By Type (Beans, Corn, Peas, Mushroom, Cauliflower, Green Beans, Asparagus, Broccoli, Carrot, Potato, Others), Distribution Channel (Supermarket/Hypermarket, Grocery Stores, Convenience Stores, Others), End Users (Food Service Industry, Retail Customers), – Industry Trends and Forecast to 2029

Frozen Vegetables Market

Market Analysis and Size

Frozen vegetables storage is a common method of conservation. This inhibits microbial expansion, and increases market shelf-life. The frozen vegetable that has been wrapped in a package and stored at 0°Frequency temperature is safe to eat. As a result, frozen vegetable is frequently transported overseas or internationally. Certain foods and meats are seasonal and only available in a specific area, so the adoption of freezer technology allows for the storage of food throughout the year and supply across the globe.

Data Bridge Market Research analyses that the frozen vegetables market was growing at a value of USD 18.18 billion in 2021 and is expected to reach a value of USD 27.02 billion and registering a CAGR of 5.08% from 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Beans, Corn, Peas, Mushroom, Cauliflower, Green Beans, Asparagus, Broccoli, Carrot, Potato, Others), Distribution Channel (Supermarket/Hypermarket, Grocery Stores, Convenience Stores, Others), End Users (Food Service Industry, Retail Customers)

Countries Covered

U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

JBS S.A.(U.S), Kraft Foods (U.S), BRF S.A. (Netherlands), Astral Foods (India), Hormel Foods (Hungary), 2 Sisters Food (France), Waitrose (Columbia), Wm. Morrison Supermarkets (U.K), Samworth Brothers (U.S), General Mills Inc (U.K), Conagra Brands, Inc (U.S), Nestlé (U.S), Unilever (India), Kellogg Co (U.S), McCain Foods Ltd. (U.S), The Kraft Heinz Company. (U.S), Associated British Foods plc (U.K), Ajinomoto Foods (Japan), LantmännenUnibake (Germany)

Opportunities

  • To meet this rising demand, an increasing number of frozen vegetables manufacturers are entering
  • Rising disposable incomes and increased availability of frozen vegetables
  • Supply chains are becoming larger resulting in a greater need for  vegetables to remain fresh for extended periods of time

Market Definition

Frozen vegetables are items that can be stored and used for an extended period of time. Freezing helps to preserve the essential nutrients in vegetables, such as carotenes, which are required for the body to synthesize vitamin A. Furthermore, various food manufacturers use freezing to preserve food to avoid food waste, meet the needs of an increasing population, and keep food businesses competitive and profitable.

Frozen Vegetables Market Dynamics

Drivers

  • Rising preference for experiencing different food commodities

Customers' increasing preferences for frozen commodities, as well as their interest in expanding information and eagerness to experience multiple nutritional values, are the primary key leaning propelling the business of the frozen vegetables market. Some of the vegetables are only available in their respective seasons, freezing them provides access to off season commodities throughout the year.

  • Wide use of e-commerce portals

Furthermore, rising disposable incomes and increased availability of frozen vegetables are expected to be major driving forces in the global frozen vegetables market. Furthermore, the rapid change in lifestyle, change in food habits, and rapid expansion of a number of large retail chains are propelling the frozen vegetables market forward.

Moreover, as a result of the growing penetration of e-commerce and online delivery services driven by an accelerated lifestyle, eateries and restaurants all over the world are relying on frozen vegetables to meet the demand for exotic dishes. This scenario anticipates global market growth in the coming years.

Opportunity

To meet this rising demand, an increasing number of frozen vegetables manufacturers are entering the market, which results in expansion of frozen vegetable market. Food trading in the frozen vegetable industry is becoming increasingly international in most countries as a result, supply chains are becoming larger and more complicated, resulting in a greater need for vegetables to remain fresh for extended periods of time, driving frozen vegetables sales.

Restraints

The high prices of purchasing freezing equipment may constitute a serious threat to the global frozen veggies market's growth. Furthermore, frozen foods contain a variety of preservatives that might harm the human body, which is another important issue that is predicted to stymie the global vegetable market's growth throughout the forecast period.

This frozen vegetables market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the frozen vegetables market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Frozen Vegetables Market

Following the emergence of the novel coronavirus, the frozen vegetable market has performed well. The ability of frozen vegetables to retain nutritional value for a long period of time, which helps reduce the number of times consumers have to visit the shop or outlet, which also works in favour of the market. Although the COVID-19 outbreak had a significant impact on cold chain supply, changing purchasing habits of health-conscious consumers have helped the frozen vegetables market grow faster than expected.

Recent Development

  • Suguna Poultry Farm Ltd announced the opening of a cold storage facility in Tiruchi in October 2021. It has a capacity of 25 tonnes of vegetables. This will give you ready-to-eat salads as well as juices.
  • Russia and China signed a contract in November 2019, under which Russia will begin exporting frozen vegetables products to China. This will assist both countries in developing a mutually beneficial relationship. To meet Russia's and China's veterinary and sanitary requirements, products that can be frozen are exported.

Global Frozen Vegetables Market Scope

The frozen vegetables market is segmented on the basis of type, distribution channel, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Beans
  • Corn
  • Peas
  • Mushroom
  • Cauliflower
  • Green Beans
  • Asparagus
  • Broccoli
  • Carrot
  • Potato
  • Others

Distribution channel

  • Supermarket/Hypermarket
  • Grocery Stores
  • Convenience Stores
  • Others

End user

  • Food Service Industry
  • Retail Customers

Frozen Vegetables Market Regional Analysis/Insights

The frozen vegetables market is analysed and market size insights and trends are provided by country, type, distribution channel, and end user as referenced above.

The countries covered in the frozen vegetables market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America currently accounts for the majority of market share and is expected to drive growth over the forecast period. This is primarily due to people's high disposable income combined with a hectic lifestyle, changing eating habits, and a preference for ready-to-eat products in this region's countries.

The Asia-Pacific market is expected to grow the fastest in the near future due to changing eating habits, an increasing working-class population, the high influence of western food habits, rising disposable incomes, busy lifestyles, and a thriving modern retail industry.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Frozen Vegetables Market Share Analysis

The frozen vegetables market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to frozen vegetables market.

Some of the major players operating in the frozen vegetables market are:

• JBS S.A. (U.S)

• Kraft Foods (U.S)

• BRF S.A. (Netherlands)

• Astral Foods (India)

• Hormel Foods (Hungary)

• 2 Sisters Food (France)

• Waitrose (Columbia)

• Wm. Morrison Supermarkets (U.K)

• Samworth Brothers (U.S)

• General Mills Inc (U.K)

• Conagra Brands, Inc (U.S)

• Nestlé (U.S)

• Unilever (India)

• Kellogg Co (U.S)

• McCain Foods Ltd. (U.S)

• The Kraft Heinz Company. (U.S)

• Associated British Foods plc (U.K)

• Ajinomoto Foods (Japan)

• LantmännenUnibake (Germany)


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Frequently Asked Questions

The major players covered in the frozen vegetables report are General Mills Inc., Aryzta AG, The Kraft Heinz Company, Cargill, Incorporated, Ajinomoto Foods North America, Flowers Foods, Iceland Foods Ltd., Amy's Kitchen, Inc., Ardo, Bellisio Foods, Inc., FINDUS, Goya Foods, Inc., Nestle, Kellogg Co., Nature’s Garden, Conagra Brands, Inc., Cascadian Farm Organic, Bhanu Farms, Foodnet Ltd., B&G Foods, Inc., among other domestic and global players.
This frozen vegetables market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
The Frozen Vegetables Market is to grow at a CAGR of 5.08% during the forecast by 2029.
The Frozen Vegetables Market value is expected USD 27.02 billion by 2029.