Frozen Vegetables Market Forecasts to 2028 – Global Analysis By Nature (Conventional and Organic), Product (Asparagus, Bell Peppers and Others), Distribution Channel ((B2B), and (B2C)), End User and By Geography
According to Stratistics MRC, the Global Frozen Vegetables Market is accounted for $29.01 billion in 2020 and is expected to reach $49.10 billion by 2028 growing at a CAGR of 6.8% during the forecast period. Increase in the number of working women across the globe, rise in awareness about benefits of frozen vegetable products and rapid increase in requirement for lactase enzymes are driving the market growth. However, misconceptions in consumers that frozen vegetables lack nutritional values is hampering the growth of the market.
Frozen vegetables are made in order to provide easy transportation and preservation of food over longer duration until they are ready to be eaten. These vegetables have their temperature brought down and maintained below the freezing point. They can either be commercially packed or frozen at home by an individual.
Based on the product, the corn segment is going to have lucrative growth during the forecast period owing to the ease of availability of corn across the globe and high usage of corn and corn-based items in food outlets and quick service restaurants.
By geography, Europe is going to have high growth during the forecast period owing to the demand for convenient foods in the region. Rise in disposable incomes and growing expenditures on food increases the demand for frozen vegetable products and hence boosts the market growth.
Some of the key players profiled in the Frozen Vegetables Market include Ajinomoto Co. Inc., Amy’s Kitchen Inc., Ardo N.V., Arena Agroindustrie Alimentari SPA, Aryzta AG, Cargill, Inc., Conagra Foods Inc., Europastry S.A., Findus Group, Flower Foods, General Mills Inc., Goya Foods Inc., Kellogg Company, Kraft Foods Group Inc. and Nestle S.A.
Estimated Market Size in 2020:
USD 29.01 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 49.10 billion
Tables, Graphs & Figures
Nature, Product, Distribution Channel, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Bell Peppers
• Green Beans
• Green Peas
• Mixed Vegetables
• Spring Onion
Distribution Channels Covered:
• Business to Business (B2B)
• Business to Customer (B2C)
End Users Covered:
• Food Manufacturers
• Food Service Industry
• Household/Retail Customers
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Frozen Vegetables Market is majorly driven by increase in the number of working women across the globe, rise in awareness about benefits of frozen vegetable products and rapid increase in requirement for lactase enzymes.
The broccoli segment is growing at a highest CAGR owing to rise in the trend of health and fitness among consumers worldwide. Broccoli is rich in nutritional elements which can be attributed to its wide consumption.
Europe dominated with a significant market share due to the factors such as demand for convenient foods in the region, rise in disposable incomes and growing expenditures on food.
Asia Pacific market is growing at a highest CAGR owing to the high preference for frozen vegetables in daily food among consumers in China and India.
Key players in Frozen Vegetables Market include Ajinomoto Co. Inc., Amy’s Kitchen Inc., Ardo N.V., Arena Agroindustrie Alimentari SPA, Aryzta AG, Cargill, Inc., Conagra Foods Inc., Europastry S.A., Findus Group, Flower Foods, General Mills Inc., Goya Foods Inc., Kellogg Company, Kraft Foods Group Inc. and Nestle S.A.
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