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.
Market Overview
As of the most recent Frozen Vegetables Market update, the global economic landscape reflects a dynamic interplay of various factors. Major financial markets continue to navigate the aftermath of the unprecedented events that unfolded in recent years, such as the global pandemic and geopolitical shifts. Equities have demonstrated resilience amid ongoing uncertainties, propelled by technological advancements, innovation, and accommodative monetary policies. However, challenges persist, including inflationary pressures, supply chain disruptions, and regulatory changes in various sectors. Investors are closely monitoring central bank decisions, fiscal policies, and emerging trends to assess potential opportunities and risks. The market's response to evolving conditions underscores the importance of adaptability and strategic planning for both businesses and investors in this complex and ever-changing environment.
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Report Scope:
The report provides a comprehensive analysis of the global frozen vegetables market, focusing on market dynamics, segmentation, regional insights, and future growth prospects. It includes detailed information on drivers, restraints, and market trends, along with a thorough examination of key players and competitive landscape.
Research Methodology:
The research methodology involves primary and secondary data collection, including interviews with industry experts, market surveys, and analysis of reliable sources. The data is analyzed using advanced tools and techniques to ensure accuracy and reliability.
Drivers:
- Rising disposal income and changing lifestyle
- Growth of hypermarkets and supermarkets
- Increasing number of women in the workforce
- Nutritional benefits and longer shelf life of frozen vegetables
- Technological advancements in freezing techniques
Restraints:
- Non-availability of freezing equipment in underdeveloped countries
- High costs associated with freezing
- Texture damage of vegetables during freezing
- Misconceptions about the health benefits of frozen vegetables
Segmentation: The frozen vegetables market is segmented by product type, end-user, and distribution channel.
- Product Type Segment: Includes asparagus, broccoli, and corn, with corn dominating the market due to its easy availability and health benefits.
- End-User Segment: Comprises retail customers and the food service industry, with retail customers holding a majority share.
- Distribution Channel Segment: Divided into discounters and supermarkets, with supermarkets leading in revenue share.
by Product
Asparagus
Broccol
Corn
by End user
Retail Customers
Food Service Industry
by Distribution Channel
Discounters
Supermarkets
by Nature
Organic
Conventional
Regional Insights:
- North America: Dominates the market due to a growing population, rising household income, and advanced freezing technologies. Brands like Birds Eye contribute significantly to market growth.
- Europe: Shows substantial growth driven by changing consumption patterns, increased purchasing power, and the presence of high-quality supermarkets.
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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Key questions answered in the Frozen Vegetables Market report include:
What is Frozen Vegetables?
What factors drive Frozen Vegetables Market growth?
What are the main challenges for Frozen Vegetables Market growth?
What was the Frozen Vegetables market size in 2021?
Which trends are expected to contribute to Frozen Vegetables market growth?
What recent industry trends can generate additional revenue streams for the Frozen Vegetables Market?
What growth strategies are players considering to increase their foothold in the Frozen Vegetables Market?
Who held the largest market share in the Frozen Vegetables Market?
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by 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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