Press Release

Frozen Vegetables Market to Grow with a CAGR of 4.2% Globally through to 2028

Rising health consciousness, increasing urbanization, and expanding retail landscape are factors driving the global frozen vegetables market in the forecast period 2024-2028.

 

According to TechSci Research report, “Global Frozen Vegetables Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Frozen Vegetables Market stood at USD 18.34 billion in 2022 and is anticipated to grow with a CAGR of 4.2% in the forecast period, 2024-2028. The frozen vegetables market is expected to grow steadily in the coming years, driven by the rising health consciousness, increasing urbanization, and expanding retail landscape.

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.

Products that can be kept and utilised for a long time are veggies that have been deep frozen. Vegetables' vital elements, such carotenes, which are needed for the body to produce vitamin A, are retained more effectively when frozen. Additionally, a variety of food manufacturers use food preservation by freezing to prevent food loss, meet the demands of an expanding population, and maintain the competitiveness and profitability of the food industry.

The growth of the worldwide frozen food industry has been considerably supported by the rise in demand and consumption of frozen foods in the Asia-Pacific region's growing markets, such as China and India. The market's expansion is also aided by an increase in disposable income and changes in eating and lifestyle habits.

In addition, the demand for frozen veggies is boosted by the quick expansion of large retail chains, such as supermarkets and hypermarkets. raised female employment has led to a greater reliance on prepared foods, which in turn has raised demand for frozen veggies and accelerated the expansion of the frozen vegetables market. The market isn't expected to increase much, though, due to customer perceptions about frozen foods' low nutritious content and a lack of adequate refrigeration facilities in semi-urban and rural locations. In contrast, improvements in freezing technology are anticipated to offer profitable potential for the expansion of the frozen vegetable market.

The global market for frozen vegetables is also anticipated to be significantly influenced by rising disposable incomes and an increase in the availability of frozen veggies. The global market for frozen veggies is also growing quickly due to changes in lifestyle, eating habits, and the rise of a number of large retail chains.

 

Browse over 26 market data Figures spread through 184 Pages and an in-depth TOC on "Frozen Vegetables Market

 

Additionally, restaurants all over the world are relying on frozen veggies to meet the demand for unique cuisines due to the increased penetration of e-commerce and online delivery services fuelled by an accelerated lifestyle. According to this scenario, the world market will expand in the upcoming years.

The Global Frozen Vegetables Market is segmented into type, application, distribution channel, regional distribution, and company.

Based on type, the corn segment had the highest share in the frozen vegetables industry, due to the widespread use of maize and corn-based foods in fast service restaurants and other food outlets, as well as the simple availability of corn throughout the world. Due to the growing trend of health and fitness among consumers around the world, the broccoli category is anticipated to experience significant growth over the forecast period.

Based on region, Europe emerged as the dominant player in the global frozen vegetables market in 2022, holding the largest market share. The market expansion of frozen veggies in the European region is being driven by an ongoing rise in the demand for quick meal alternatives among time-pressed European consumers. 

 

Major companies operating in Global Frozen Vegetables Market are:

  • Kraft Foods
  • BRF S.A.
  • Astral Foods
  • Hormel Foods
  • 2 Sisters Food
  • Waitrose
  • Wm. Morrison Supermarkets
  • Samworth Brothers
  • General Mills Inc
  • Conagra Brands, Inc

 

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“The frozen vegetables market has experienced robust growth in recent years. This expansion can be attributed to changing consumer lifestyles, increasing demand for convenient and nutritious food options, and a growing emphasis on health and sustainability. Innovations in freezing techniques, packaging, and product offerings have also contributed to the market's growth. Furthermore, the rise of plant-based diets and the introduction of new and diverse vegetable blends have expanded the market's appeal. As consumers continue to seek convenience, health-conscious choices, and sustainable products, the frozen vegetables market is expected to maintain its upward trajectory.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Frozen Vegetables Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Beans, Corn, Peas, Mushroom, Cauliflower, Asparagus, Broccoli, Others), By Application (Food Service Industry, Retail Customers), By Distribution Channel (Supermarkets/Hypermarkets, Grocery Stores, Convenience Stores, Others), By Region, By Competition, 2018-2028”, has evaluated the future growth potential of Global Frozen Vegetables Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Frozen Vegetables Market.

 

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