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Global Frozen Vegetables Market – Industry Trends and Forecast to 2030

  • Food & Beverage
  • Upcoming Report
  • Sep 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Frozen Vegetables Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - 5.08% Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 19.34 Billion
Diagram Market Size (Forecast Year) USD 28.27 Billion
Diagram CAGR 5.08%

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 2030.

Frozen Vegetables Market

Frozen Vegetables Market Analysis and Size

Frozen vegetables storage is a common method of conservation. Freezing helps in retaining a high nutritional value in vegetables, including carotenes. In addition, various food companies are freezing food items to preserve them for a longer duration to meet high demand from the ever-increasing population, prevent food waste, and maintain competition among other food businesses.

Data Bridge Market Research analyses that the frozen vegetables market was growing at a value of USD 19.34 billion in 2022 and is expected to reach a value of USD 28.27 billion and registering a CAGR of 5.08% from 2023 to 2030. 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.   

Frozen Vegetables Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units

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)

Market 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.

Global 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 global 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

  • Rising Business Strategies among the Manufacturers

To meet this rising demand, an increasing number of frozen vegetables manufacturers are entering the market, which results in expansion of global frozen vegetables 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

  • High Prices of Frozen Vegetables

The global frozen vegetable market, despite its numerous benefits, faces a significant restraint in the form of high prices. The cost of frozen vegetables can often be higher compared to their fresh counterparts, which can deter price-sensitive consumers from making purchasing decisions in favor of frozen options. This price disparity can arise due to various factors, including the expenses associated with processing, packaging, and freezing techniques required to maintain the vegetables' quality and nutritional value.

This global 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 global 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.

Recent Developments

  • In October 2021, Suguna Poultry Farm Ltd announced the opening of a cold storage facility in Tiruch. i. It has a capacity of 25 tonnes of vegetables. This will give you ready-to-eat salads as well as juices
  • In November 2019, Russia and China signed a contract, 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

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Frozen Vegetables Market Scope

The global frozen vegetables market is segmented on the basis of type, distribution channel, and end users. 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 Users

  • Food Service Industry
  • Retail Customers

Global Frozen Vegetables Market Regional Analysis/Insights

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

The countries covered in the global 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 in the global frozen vegetables market and is expected to drive growth over the forecast period of 2033 to 2030. 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  fastest in the global frozen vegetables market in 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 global 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 global frozen vegetables market are:

• 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.)

• Associated British Foods plc (U.K.)

• Ajinomoto Foods (Japan)

• LantmännenUnibake (Germany)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Frozen Vegetables Market will be worth USD 28.27 billion by 2030.
The Frozen Vegetables Market growth rate is 5.08% by 2030 during the forecast period.
Rising Preference for Experiencing different Food Commodities and Wide Use of E-Commerce Portals are the growth drivers of the Frozen Vegetables Market.
The Type, distribution channel, and end users are the factors on which the Frozen Vegetables Market research is based.
The major companies 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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