The global frozen vegetables market is set to witness growth at a CAGR of 5.6% over the forecast period (2022-2032) and reach a valuation of US$ 55.8 Bn by 2032.
Frozen vegetables, with their extended shelf life in comparison to fresh counterparts, offer enhanced convenience for shipping globally, stored at sub-freezing temperatures. The market for ready-to-cook or ready-made food products is expected to benefit from the increasing working population in both developed and developing nations. The global frozen vegetables market is poised for growth, driven by the rising demand for frozen food items and heightened awareness regarding the health advantages of incorporating frozen vegetables into diets throughout the evaluation period (2022–2032).
The anticipated market expansion is further fueled by increased consumer spending capacity, enhanced purchasing power, and the availability of more affordable frozen vegetable options. Additionally, the market is set to thrive due to rapidly evolving lifestyles and dietary patterns, coupled with a growing inclination towards healthier eating habits. The proliferation of large retail chains worldwide is identified as another crucial factor expected to propel market growth in the coming decade.
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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 2022.
- 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 (2022-2032).
- 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.
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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.
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 (2017-2021) and estimation statistics for the forecast period of 2022-2032.
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.
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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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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