The global frozen vegetables market is predicted to surge at a CAGR of 6.0% through 2034. Sales revenue of frozen vegetables is estimated to be worth US$ 53,830.60 million in 2024.
Frozen veggies have a longer shelf-life, as compared to fresh vegetables and are thus easier to transport in various parts of the globe. These are stored at a temperature that is lower than the freezing point.
Increasing working population in both developed and developing countries is anticipated to positively impact the demand for ready-to-cook or readymade food products. Besides, growing awareness regarding health benefits associated with the consumption of frozen veggies and high demand for frozen food products are predicted to drive the global frozen vegetables market during the assessment period.
demand for frozen veggies is projected to surge among the working population to save time required for chopping and purchasing vegetables in day-to-day life. Recently, a study conducted by RaboBank found that the importation of frozen sweet potatoes, especially from the U.S., has gained traction over the past half-decade. It is expected to grow in future, thereby pushing the demand for frozen vegetables globally.
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Key Takeaways: Frozen Vegetables Market
- Europe is expected to dominate the global market by accounting for the maximum share of about 30% in 2022, followed by North America.
- The U.S. is set to generate the largest frozen vegetables market share of nearly 82% in the evaluation period.
- By product type, frozen corn is expected to account for the lion’s share in the global frozen vegetables market by 2024.
- Based on distribution channel, online retailers are expected to grow at a steady pace, as compared to all the other segments over the assessment period.
- Rising number of convenience food sales outlets across the U.K. is anticipated to propel the Europe frozen vegetables market in the forthcoming years.
“Demand for frozen vegetables is increasing globally because of surging consumption by the health-conscious millennial population,” says a Future Market Insights analyst.
Competitive Landscape: Frozen Vegetables Market
Several key players are adopting numerous marketing and promotional strategies such as partnerships, collaborations, mergers & acquisitions, new product launches, and geographical expansions to compete with their rivals in the market.
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More Valuable Insights on Frozen Vegetables Market
Future Market Insights, in its new report, offers an impartial analysis of the global frozen vegetables market, presenting historical data (2019-2023) and estimation statistics for the forecast period of 2024-2034.
The study offers compelling insights based on product type (broccoli, green peas, asparagus, mushrooms, spinach, corn, green beans, and others), end user (food service industry and retail customers), and distribution channel (direct and indirect) across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa) of the world.
Frozen Vegetables Market Outlook by Category
By Product Type:
- Broccoli
- Green Peas
- Asparagus
- Mushrooms
- Spinach
- Corn
- Green Beans
- Others
By End Use:
- Food Service Industry
- Retail Customers
By Distribution Channel:
- Direct
- Indirect
- Hypermarkets/Supermarkets
- Convenience Stores
- Grocery Stores
- Online Retailers
- Other Channels
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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