Anticipated Growth in Revenue:
Frozen Vegetables market was valued at US$ 35.62 Mn in 2022 and expected to grow at a CAGR of 5.5% during the forecast period (2023-2029), thanks to the growing trend of retail customer use which has boosted demand for Global Frozen Vegetables Market
Frozen Vegetables Market Report Overview
The global market for Frozen Vegetables market, valued at US$ 35.62 million in 2022, is projected to witness a steady growth trajectory with a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2023 to 2029. This growth can be attributed to the increasing adoption of frozen vegetables among retail consumers, driven by their convenience, longer shelf life, and nutritional benefits.
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Report Scope and Research Methodology
This market report on frozen vegetables provides a comprehensive analysis of key market trends, drivers, challenges, and opportunities influencing market growth. The research methodology includes primary and secondary research sources, ensuring accuracy and reliability of the data and insights presented in the report. Primary research involves interviews with industry experts, while secondary research encompasses data gathered from reliable sources such as company reports, industry journals, and databases.
Frozen Vegetables Market Dynamics
The frozen vegetables market is primarily driven by shifting consumer preferences towards convenient and healthy food options. Busy lifestyles and increasing awareness about nutritional benefits associated with frozen vegetables, such as retention of vitamins and minerals through freezing processes, have significantly boosted market demand. Moreover, advancements in freezing technologies that maintain product quality and freshness have further fueled market growth.
Frozen Vegetables Market Segmentation
by Product
Asparagus
Broccol
Corn
by End user
Retail Customers
Food Service Industry
by Distribution Channel
Discounters
Supermarkets
by Nature
Organic
Conventional
Frozen Vegetables Market Key Players
1. General Mills Inc.
2. Nestle
3. Kellogg Co.
4. B&G Foods, Inc.
5. Aryzta AG
6. Flowers Foods
7. Iceland Foods Ltd.
8. Amy's Kitchen, Inc.
9. Nature's Garden
10. Foodnet Ltd.
11. Cascadian Farm Organic
12. The Kraft Heinz Company
13. Conagra Brands Inc.
14. Goya Foods, Inc.
15. Bhanu Farms
16. CROP’S UK
17. Bonduelle
18. Ardo
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Frozen Vegetables Market Regional Insights
North America: Holds a significant share in the frozen vegetables market, driven by high consumer awareness regarding health benefits and the availability of a wide range of product varieties.
Europe: Market growth is propelled by increasing consumer inclination towards convenient food options and the presence of established retail infrastructure supporting frozen food sales.
Asia Pacific: Emerging economies like China and India are witnessing rapid market expansion due to urbanization, changing dietary habits, and increasing disposable incomes.
Latin America: Growing demand for frozen vegetables is observed, influenced by rising consumer preference for convenient and nutritious food options amidst hectic lifestyles.
Middle East & Africa: Market growth is supported by improving distribution networks and increasing awareness about the benefits of frozen vegetables among consumers.
Key Questions answered in the Frozen Vegetables Market Report are:
- What was the Frozen Vegetables market size in 2024?
- What is the expected Frozen Vegetables market size by 2030?
- What are the Frozen Vegetables market segments?
- Which Frozen Vegetables market segment is expected to grow rapidly during the forecast period?
- Which are the prominent players in the Frozen Vegetables Industry?
- What key trends are expected to emerge in the Frozen Vegetables market during the forecast period?
- Which region dominated the global Frozen Vegetables market?
Key Offerings:
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and Region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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