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 Overview
The global Frozen Vegetables market is experiencing robust growth, with a steady increase in demand across various regions. Convenience, longer shelf life, and retention of nutritional value are key factors driving this market. Consumers are increasingly turning to frozen vegetables as they offer a quick and healthy alternative to fresh produce, especially in urban areas where busy lifestyles demand easy-to-prepare food options. Additionally, the rise of supermarkets and hypermarkets, along with advancements in cold chain logistics, has significantly contributed to the market's expansion.
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Frozen Vegetables Market Report Scope and Research Methodology
This report covers a detailed analysis of the frozen vegetables market, including market size, growth potential, key trends, and competitive landscape. The scope includes an assessment of the market at global, regional, and country levels, with data provided for the historical period (2018-2023) and the forecast period (2024-2029). The research methodology involves a combination of primary and secondary research, including interviews with industry experts, analysis of company reports, and examination of industry publications and government statistics. Quantitative data is analyzed using advanced statistical tools to ensure accuracy and reliability.
Frozen Vegetables Market Dynamics
The frozen vegetables market is influenced by several dynamic factors. One of the primary drivers is the growing awareness of the health benefits associated with vegetable consumption. Frozen vegetables retain most of their nutrients, making them a preferred choice for health-conscious consumers. Additionally, technological advancements in freezing methods, such as IQF (Individual Quick Freezing), have improved the quality and variety of frozen vegetables available in the market.
However, the market also faces challenges, such as the perception of frozen foods being inferior to fresh produce and the environmental impact of packaging materials. Companies are addressing these issues by improving packaging solutions and educating consumers about the benefits of frozen vegetables. Moreover, the market is witnessing a trend towards organic and non-GMO frozen vegetables, catering to the demand for clean and natural food products.
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 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 Regional Insights
North America is the dominating region in the global frozen vegetable market. Raising population, Increasing the the household income, raising purchasing power, growing infrastructure facilities, advanced technologies in freezing systems are the main factors attracting the global frozen vegetable market in this region. Presence of global brands such as Birds Eye, Pictsweet and the Green Gaint adding an advantage to the growth of market in this region. Birds Eye sales was stood at US$ 36.88 Mn in January, 2022.
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Key questions answered in the Frozen Vegetables Market are:
- What are the upcoming industry applications and trends for the Frozen Vegetables Market?
- What recent industry trends can be implemented to generate additional revenue streams for the Frozen Vegetables Market?
- What segments are covered in the Frozen Vegetables Market?
- Who are the leading companies and what are their portfolios in Frozen Vegetables Market?
- What segments are covered in the Frozen Vegetables Market?
- Who are the key players in the Frozen Vegetables market?
- What is Frozen Vegetables?
- What is the growth rate of the Frozen Vegetables Market?
- Which are the factors expected to drive the Frozen Vegetables market growth?
- What are the different segments of the Frozen Vegetables Market?
- What growth strategies are the players considering to increase their presence in Frozen Vegetables?
Key Offerings:
- A detailed Analysis of the Market Overview
- Market Share, Size Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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