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.
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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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