The global frozen vegetable market size is estimated to be worth USD 53,830.60 million in 2024. The demand revenue of frozen vegetables is projected to surge at a CAGR of 6.0% between 2024 and 2034. Sales of frozen vegetables are anticipated to achieve a valuation of USD 96,451.80 million by 2034.
The growing consumer preference for frozen vegetables, coupled with increasing awareness of their nutritional benefits, is driving the growth of the frozen vegetable market. Freezing nutrient-rich seasonal vegetables ensures year-round access, contributing to market expansion.
Factors such as rising disposable incomes, greater availability of frozen vegetables, evolving dietary habits, lifestyle changes, and the rapid expansion of major retail chains are expected to further propel the frozen vegetable industry’s development.
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Key Takeaways
- The broccoli and cauliflowers segment in the vegetable type category is predicted to acquire a share of 17.7% in 2024.
- In the nature category, the conventional segment is envisioned to possess a share of 83.5% in 2024.
- The India frozen vegetable market is anticipated to strengthen at a CAGR of 7.6% between 2024 and 2034.
- Frozen vegetable sales in China are expected to thrive at a CAGR of 7.0% through 2034.
- Japan’s frozen vegetable industry is likely to develop at a CAGR of 6.1% between 2024 and 2034.
- The Germany frozen vegetable industry is envisioned to accelerate at a CAGR of 5.6% from 2024 to 2034.
- Sales of frozen vegetables in the United States are anticipated to flourish at a CAGR of 5.0% through 2034.
Competitive Landscape
The market seems more cohesive, comprising international and regional frozen vegetable manufacturers. The dominant frozen vegetable producers compete on various factors like product launches, mergers, acquisitions, and others to gain a competitive edge. Crucial frozen vegetable vendors recognize opportunities for growth due to customer demand for nutrient-rich seasonal vegetables throughout the year.
Noteworthy Developments
- SunOpta, a United States-based global pioneer in sustainable, plant- and fruit-based food and beverages, launched its new 65,000-square-foot global headquarters and eco-powered research center in Eden Prairie, Minn., in April 2022.
- Del Monte Foods, Inc., committed in April 2022 to achieving net-zero emissions by April 6, 2050. To support SBTi’s focus on limiting the rise in global temperatures to 1.5°C, the firm has committed to setting short-term science-based goals to reduce carbon emissions from Scopes 1, 2, and 3.
Rominent Frozen Vegetable Manufacturers
- Amy’s Kitchen, Inc.
- Ardo N.V.
- Bonduelle SCA
- Bellisio Foods, Inc.
- Conagra Foods, Inc.
- Arena Agroindustrie Alimentari SPA
- Findus Group
- Goya Foods, Inc.
- H.J. Heinz Company
- Iceland Foods Ltd
- General Mills Inc.
- Nestle
- Kellogg Co.
- B&G Foods, Inc.
- Aryzta AG
- Flowers Foods
- Others
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Key Segments
By Vegetable Type:
- Broccoli and cauliflower
- Green Peas
- Asparagus
- Mushrooms
- Spinach
- Corn
- Green Beans
- Others
By Nature:
- Organic
- Conventional
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 and Africa
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