Industry Analysis
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. 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.
Frozen Vegetables Market research report has put forth a bench-marking example for a vibrant market that explores several recommendations and practical growth strategies in relation to the market. The market report covers a wide spectrum of regions and also focuses on key regions that include North America, Europe, Asia Pacific, Middle East, South America, and the Middle East & Africa (MEA). The chapter of the competitive landscape is presented well in the market research report and is analysed based on the tools such as Porter’s five forces analysis. The study throws light upon market attractiveness where all the segments are arranged based on the compound growth rate, size, and general attractiveness.
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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.
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Industry Segmentation and Size
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
Market Country Level Analysis
- 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.
Industry Share Analysis
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)
Frozen Vegetables Market Report Answers the Following Questions:
- What is the current size of the Frozen Vegetables Market?
- What are the key drivers and challenges for the Frozen Vegetables Market?
- What are the different types of Frozen Vegetables Market?
- What are the leading companies operating in the Frozen Vegetables Market?
- What is the future outlook for the Frozen Vegetables Market?
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