The global frozen vegetables market is on a trajectory of substantial growth, with a projected CAGR of 6.0% through 2034. Sales revenue of frozen vegetables is estimated to be worth US$ 53,830.60 million in 2024, poised to surge to US$ 96,451.80 million by 2034. This market expansion is fueled by the convergence of convenience and nutrition, as well as shifting consumer preferences towards healthier snack options.
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.
Younger populations are increasingly favoring frozen vegetables as a healthier snack option over fresh, canned, and cooked meals. Convenience products are in high demand due to rapid urbanization and increased disposable income. Technological developments, attractive packaging, and storage convenience further foster the demand for frozen vegetables upward.
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Growing Factors:
- Convenience and Nutrition: Consumers’ evolving dietary patterns and lifestyles influence the demand for convenient and health-conscious options. Frozen vegetable manufacturers are catering to this demand by offering nutritious and simple-to-make solutions, driving market growth.
- Educational Initiatives: Educating consumers about the nutritional value, adaptability, and ease of use of frozen vegetables is crucial for market expansion. Investment in instructional programs that highlight the benefits of frozen vegetables accelerates sales and consumer adoption.
- Sustainability Concerns: Concerns about energy use, packaging materials, and agricultural methods are increasingly influencing consumer purchase decisions. Frozen vegetable manufacturers are under pressure to implement environmentally friendly procedures, driving innovation and sustainability in the market.
Key Takeaways: Frozen Vegetables Market
- Europe is expected to dominate the global market by accounting for the maximum share of about 30% in 2024, 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
Key producers of frozen vegetables dominate the industry’s varied landscape, competing for market share and customer loyalty. Leading frozen vegetable providers with a reputation for quality and innovation, such as Amy’s Kitchen, Inc., Ardo N.V., and Bonduelle SCA, are at the forefront of the industry. Vital frozen vegetable manufacturers Bellisio Foods, Inc., Conagra Foods, Inc., and Arena Agroindustrie Alimentari SPA distinguish themselves using their broad product portfolios and distribution networks to keep a competitive edge.
Findus Group, Goya Foods, Inc., and H.J. Heinz Company are frozen vegetable vendors catering to various consumer tastes and culinary traditions while bringing their unique capabilities and market insights. General Mills Inc. and Iceland Foods Ltd.’s market penetration and partnership agreements strengthen the competitive environment.
Due to their widespread distribution and prominent names, significant frozen vegetable vendors like Nestle and Kellogg Co. should not be disregarded. Through their innovative products and adaptable supply chains, B&G Foods, Inc., Aryzta AG, and Flowers Foods also foster the market’s dynamism of frozen vegetables.
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Notable Advancements
| Company | Details |
|---|---|
| SunOpta | In April 2022, SunOpta, a United States-based global pioneer in sustainable, plant- and fruit-based food and beverages, opened Eden Prairie, Minnesota’s 65,000-square-foot global headquarters and eco-powered research center. |
| Del Monte Foods, Inc. | Del Monte Foods, Inc. announced its goal to achieve net-zero emissions by 2050 April 6, 2022. To support SBTi’s commitment to keeping the rise in global temperature to 1.5°C to a minimum, the company has committed to setting near-term, science-based targets for lowering carbon emissions from Scopes 1, 2, and 3. |
| Ajinomoto Co., Inc. | Ajinomoto Co., Inc. introduced AJISWEET RA, a stevia sweetener developed in collaboration with Morita Kagaku Kogyo Co., Ltd. in Japan in 2020. The product’s reduced bitterness and off-flavors enable food and beverage manufacturers to address taste-related difficulties. |
| ITC Limited | Under the Farmland brand, ITC Limited expanded its product line in 2020 by introducing frozen vegetables, including peas, Indian round gourds (tinda), and pointed gourds (parwal). The corporation also introduced frozen prawns under the ITC Master Chef brand. |
| Suguna Poultry Farm Ltd | Suguna Poultry Farm Ltd. announced opening a cold storage facility in Tiruch in October 2021. It can hold 25 tonnes of veggies. This serves you with juices and ready-to-eat salads. |
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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