Global Frozen Vegetables Market, Trends & Growth Opportunity, By Product Type (Green Vegetables, Root Vegetables, Legumes, Others), By Distribution Channel (Supermarkets/Hypermarkets, Online), By End-use (Food Service Industry, Household/Retail), By Region and Forecast till 2030.
Global Frozen Vegetables Market
The Global Frozen Vegetables Market was valued at USD 32.55 Bn in 2022 and is expected to expand to USD 53.16 Bn by 2030 at a CAGR of 6.14% during the forecast period of 2023-2030.
Frozen vegetables refer to vegetables that have been picked at their peak ripeness and flash-frozen to maintain their nutrient value and flavor. Frozen vegetables offer several benefits, including convenience, longer shelf life, and the ability to enjoy out-of-season produce year-round. They are also easy to prepare and can be added to a variety of dishes. Frozen vegetables can be made from a wide range of vegetables, including broccoli, carrots, peas, corn, green beans, spinach, and more. They are widely used in the food service industry, as well as in households around the world.
Market Drivers
One of the key drivers for the growth of the frozen vegetables market is the growing awareness among consumers about the benefits of consuming vegetables and the need for a healthy diet. Frozen vegetables are considered to be a convenient and cost-effective way of consuming vegetables, as they are easily available year-round and have a longer shelf life than fresh vegetables.
Additionally, the increasing demand for ready-to-eat food products and the rise in popularity of frozen food products in the food industry are also contributing to the growth of the market for frozen vegetables. The increase in urbanization, changing lifestyles, and busy schedules of consumers are fueling the demand for quick and easy meal solutions, further driving the growth of the frozen vegetable market.
Market Restraints
One of the main restraints that may impact the growth of the frozen vegetables market is the perception of consumers that fresh vegetables are healthier and better tasting than frozen vegetables. This can limit the demand for frozen vegetables, particularly among health-conscious consumers.
Additionally, the frozen vegetables market faces competition from other frozen foods, such as ready meals and snacks, which may be more convenient and appealing to consumers. Another challenge is the need for reliable and efficient refrigeration and storage facilities throughout the supply chain to maintain the quality and safety of frozen vegetables.
Market Segmentation
The global frozen vegetables market is segmented by product types, such as green vegetables, root vegetables, legumes, and others. Based on the distribution channel, the market is segmented into supermarkets/hypermarkets and online. Further, the market is segmented by end-use, such as food service industry and household/retail.
Regional Analysis
The Asia-Pacific region is expected to witness fast growth in the frozen vegetables market due to factors such as the increasing demand for frozen food products, growing urbanization and changing lifestyles, and rising disposable incomes. The region also has a large population base and a growing middle class, which is expected to drive the demand for frozen vegetables as a convenient and cost-effective food option.
Key Players
Nestle SA, Conagra Brands Inc, Bonduelle, Unilever, B&G Foods Inc, General Mills Inc, Iceland Foods Ltd, H.J. Heinz Company, McCain Foods Limited, Kellogg, Greenyard NV, Green Giant, Ardo NV, Nomad Foods Ltd, Findus Group.
Market Taxonomy
By Product Type
• Green Vegetables
• Root Vegetables
• Legumes
• Others
By Distribution Channel
• Supermarkets/Hypermarkets
• Online
By End-use
• Food Service Industry
• Household/Retail
By Region
• North America (USA, Canada, Mexico)
• Europe (Germany, France, UK, Rest of Europe)
• Asia Pacific (China, India, Japan, Rest of Asia Pacific)
• Latin America (Brazil, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa)
Global Frozen Vegetables Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Frozen Vegetables Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Frozen Vegetables Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Frozen Vegetables Market Share Analysis, By Product Type
5.3 Global Frozen Vegetables Market Size and Forecast, By Product Type
5.3.1 Green Vegetables
5.3.2 Root Vegetables
5.3.3 Legumes
5.3.4 Others
6 Global Frozen Vegetables Market, By Distribution Channel
6.1 Y-o-Y Growth Comparison, By Distribution Channel
6.2 Global Frozen Vegetables Market Share Analysis, By Distribution Channel
6.3 Global Frozen Vegetables Market Size and Forecast, By Distribution Channel
6.3.1 Supermarkets/Hypermarkets
6.3.2 Online
7 Global Frozen Vegetables Market, By End-use
7.1 Y-o-Y Growth Comparison, By End-use
7.2 Global Frozen Vegetables Market Share Analysis, By End-use
7.3 Global Frozen Vegetables Market Size and Forecast, By End-use
7.3.1 Food Service Industry
7.3.2 Household/Retail
8 Global Frozen Vegetables Market, By Region
8.1 Global Frozen Vegetables Market Share Analysis, By Region
8.2 Global Frozen Vegetables Market Size and Forecast, By Region
9 North America Frozen Vegetables Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Frozen Vegetables Market Share Analysis, By Product Type
9.3 North America Frozen Vegetables Market Size and Forecast, By Distribution Channel
9.4 North America Frozen Vegetables Market Size and Forecast, By End-use
9.5 North America Frozen Vegetables Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Frozen Vegetables Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Frozen Vegetables Market Share Analysis, By Product Type
10.3 Europe Frozen Vegetables Market Size and Forecast, By Distribution Channel
10.4 Europe Frozen Vegetables Market Size and Forecast, By End-use
10.5 Europe Frozen Vegetables Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Frozen Vegetables Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Frozen Vegetables Market Share Analysis, By Product Type
11.3 Asia Pacific Frozen Vegetables Market Size and Forecast, By Distribution Channel
11.4 Asia Pacific Frozen Vegetables Market Size and Forecast, By End-use
11.5 Asia Pacific Frozen Vegetables Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia
12 Latin America Frozen Vegetables Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Frozen Vegetables Market Share Analysis, By Product Type
12.3 Latin America Frozen Vegetables Market Size and Forecast, By Distribution Channel
12.4 Latin America Frozen Vegetables Market Size and Forecast, By End-use
12.5 Latin America Frozen Vegetables Market Size and Forecast, By Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Frozen Vegetables Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Frozen Vegetables Market Share Analysis, By Product Type
13.3 Middle East Frozen Vegetables Market Size and Forecast, By Distribution Channel
13.4 Middle East Frozen Vegetables Market Size and Forecast, By End-use
13.5 Middle East Frozen Vegetables Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Nestle SA
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Conagra Brands Inc
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Bonduelle
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Unilever
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 B&G Foods Inc
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 General Mills Inc
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Iceland Foods Ltd
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 H.J. Heinz Company
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 McCain Foods Limited
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Kellogg
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 Greenyard NV
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
15.12 Green Giant
15.12.1 Overview
15.12.2 Offerings
15.12.3 Key Financials
15.12.4 Business Segment & Geographic Overview
15.12.5 Key Market Developments
15.12.6 Key Strategies
15.13 Ardo NV
15.13.1 Overview
15.13.2 Offerings
15.13.3 Key Financials
15.13.4 Business Segment & Geographic Overview
15.13.5 Key Market Developments
15.13.6 Key Strategies
15.14 Nomad Foods Ltd
15.14.1 Overview
15.14.2 Offerings
15.14.3 Key Financials
15.14.4 Business Segment & Geographic Overview
15.14.5 Key Market Developments
15.14.6 Key Strategies
15.15 Findus Group
15.15.1 Overview
15.15.2 Offerings
15.15.3 Key Financials
15.15.4 Business Segment & Geographic Overview
15.15.5 Key Market Developments
15.15.6 Key Strategies
