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:
Vegetables contain a chemical compound called enzymes that can cause the spoilage of the product. To avoid this spoilage vegetables are maintained at low temperatures for storage and transportation. Frozen vegetables are rich in nutritional value, longer shelf life, are low cost, easy to cook, and are rich in taste. Increasing the diet plan of the working class creates demand for the frozen vegetable market because of the presence of nutrients, fiber, antioxidants, vitamins, and minerals. As result, the global frozen vegetable market is expected to touch 5182 Bn during the forecast period.To know about the Research Methodology :- Request Free Sample Report
Frozen Vegetables Market Dynamics:
Rising disposal income, changing lifestyle and food habits of the people, growth of hypermarket and supermarkets, increasing the number of women workforce, rising income of the middle-class families and presence of rich nutrients are the driving factors for the growth of the global market. Long working hours of the youths and increased diet plans adding an advantage to the market growth. According to USDA reports, US total frozen vegetables import was valued at US$ 15.06 Bn in 2020 and impose of grades under “US Standards for Grades of Frozen Vegetables” for the procurements of frozen vegetables like asparagus, frozen lima beans, frozen speckled butter beans, frozen cooked squash, and frozen summer squash, etc are creating a huge market for frozen vegetables during the forecast period. Some of the new developed technologies like impingement freezing, Hydro-fluidisation freezing, High pressure assisted freezing, Ultrasonic assisted freezing and Electrostatic assisted freezing are helping the growth of the market. Non availability of freezing equipments in under developed countries, high cost associated with freezing, damage to the texture of the vegetables and false view of the people that frozen vegetables are not good for healt, etc are affecting the growth of the market.Segmentation:
The Frozen Vegetables Market is segmented by Product, End-User and Distribution Channel. Based On Product Type Segment, The global market is sub-segmented into Asparagus, Broccol and corn. Corn segment dominates the global market and its market value was stood at US$ 50.99 Bn in 2022. Because easy availability of corn and its health benefits like presence of antioxidants in corn helping to cancer prevention, lutein and beta carotene are improving the brain function, and corn is beneficial for heart health. As result of these factors corn segment is expected reach a CAGR of 5.8% during the forecast period.Based End-User Segment, the global Frozen Vegetables market is sub-segmented into Retail Customers and Food Service Industry. The Retail Customers segment dominates the global market and it held a share of 65% in 2020. Because of it’s preparation time, easy to cook, and improved diet pans of working class along with increasd health benefits more people are attracting towards the use of frozen vegetable. These are the feature that driving the market growth. Based On Distribution Channel Segment, the global Frozen Vegetables market is sub-segmented into Discounters and Supermarkets. The Supermarkets segment dominated the global market and it held the largest revenue share of 65% in 2020. Increasing number of supermarkets near residential ares, easy accessible to variety of products at single stop, easy to purchase and growing competition among the supermarkets,etc are driving the growth growth of the global frozen vegetable market 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. According to “Power of Frozen in Retail” report from the “American Frozen Food Institute (AFFI)”, market value of frozen food sale was stood at 21% in 2020. As a result, In this region, the frozen vegetable market is expected grow at a CAGR 6.2% during the forecast period. Europe is the second dominating region in the global frozen vegetable market. Increased changes in the consumption patterns of the people, include’ ready to eat’ and ‘quick to prepare’ meals, raising purchasing power and presence of high quality super markets, etc are driving the factors of the market in Europe. The objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Frozen Vegetables market dynamics, structure by analyzing the market segments and projecting the Frozen Vegetables market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Frozen Vegetables make the report investor’s guide.Frozen Vegetables Market Scope: Inquiry Before Buying
Frozen Vegetables Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 35.62 Mn. Forecast Period 2023 to 2029 CAGR: 5.5% Market Size in 2029: US $ 51.82 Mn. Segments Covered: 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, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)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 Frequently Asked Questions: 1. Which region has the largest share in Frozen Vegetables Market? Ans: North-America held the largest share in 2022. 2. What is the growth rate of the Frozen Vegetables Market? Ans: The Frozen Vegetables Market is growing at a CAGR of 5.5 % during the forecasting period 2023-2029. 3. What segments are covered in Frozen Vegetables Market? Ans: Frozen Vegetables Market is segmented into Product, End-User and Distribution Channel. 4. Who are the key players in Frozen Vegetables Market? Ans: General Mills Inc., Nestle, Kellogg Co., B&G Foods, Inc., Aryzta AG, Flowers Foods, Iceland Foods Ltd., Amy's Kitchen, Inc., Nature's Garden, Foodnet Ltd., Cascadian Farm Organic, and The Kraft Heinz Company. 5. What is the study period of this market? Ans: The Frozen Vegetables Market is studied from 2022 to 2029.
1. Global Frozen Vegetables Market: Research Methodology 2. Global Frozen Vegetables Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Frozen Vegetables Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Frozen Vegetables Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Frozen Vegetables Market Segmentation 4.1 Global Frozen Vegetables Market, by Product (2022-2029) • Asparagus • Broccol • Corn 4.2 Global Frozen Vegetables Market, by End user (2022-2029) • Retail Customers • Food Service Industry 4.3 Global Frozen Vegetables Market, by Distribution Channel (2022-2029) • Discounters • Supermarkets 4.4 Global Frozen Vegetables Market, by Nature (2022-2029) • Organic • Conventional 5. North America Frozen Vegetables Market (2022-2029) 5.1 North America Frozen Vegetables Market, by Product (2022-2029) • Asparagus • Broccol • Corn 5.2 North America Frozen Vegetables Market, by End user (2022-2029) • Retail Customers • Food Service Industry 5.3 North America Frozen Vegetables Market, by Distribution Channel (2022-2029) • Discounters • Supermarkets 5.4 North America Frozen Vegetables Market, by Nature (2022-2029) • Organic • Conventional 5.5 North America Frozen Vegetables Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Frozen Vegetables Market (2022-2029) 6.1. European Frozen Vegetables Market, by Product (2022-2029) 6.2. European Frozen Vegetables Market, by End user (2022-2029) 6.3. European Frozen Vegetables Market, by Distribution Channel (2022-2029) 6.4. European Frozen Vegetables Market, by Nature (2022-2029) 6.5. European Frozen Vegetables Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Frozen Vegetables Market (2022-2029) 7.1. Asia Pacific Frozen Vegetables Market, by Product (2022-2029) 7.2. Asia Pacific Frozen Vegetables Market, by End user (2022-2029) 7.3. Asia Pacific Frozen Vegetables Market, by Distribution Channel (2022-2029) 7.4. Asia Pacific Frozen Vegetables Market, by Nature (2022-2029) 7.5. Asia Pacific Frozen Vegetables Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Frozen Vegetables Market (2022-2029) 8.1 Middle East and Africa Frozen Vegetables Market, by Product (2022-2029) 8.2. Middle East and Africa Frozen Vegetables Market, by End user (2022-2029) 8.3. Middle East and Africa Frozen Vegetables Market, by Distribution Channel (2022-2029) 8.4. Middle East and Africa Frozen Vegetables Market, by Nature (2022-2029) 8.5. Middle East and Africa Frozen Vegetables Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Frozen Vegetables Market (2022-2029) 9.1. South America Frozen Vegetables Market, by Product (2022-2029) 9.2. South America Frozen Vegetables Market, by End user (2022-2029) 9.3. South America Frozen Vegetables Market, by Distribution Channel (2022-2029) 9.4. South America Frozen Vegetables Market, by Nature (2022-2029) 9.5. South America Frozen Vegetables Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 General Mills Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Nestle 10.3 Kellogg Co. 10.4 B&G Foods, Inc. 10.5 Aryzta AG 10.6 Flowers Foods 10.7 Iceland Foods Ltd. 10.8 Amy's Kitchen, Inc. 10.9 Nature's Garden 10.10 Foodnet Ltd. 10.11 Cascadian Farm Organic 10.12 The Kraft Heinz Company 10.13 Conagra Brands Inc. 10.14 Goya Foods, Inc. 10.15 Bhanu Farms 10.16 CROP’S UK 10.17 Bonduelle 10.18 Ardo