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Global Frozen Vegetables Market Size By Type (Vegetables, Fruits), By Distribution Channel (Supermarkets/Hypermarkets, Grocery Stores, Convenience Stores, Online Retailers), By End User (Retail, Foodservice), & Region for 2024-2031


Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Frozen Vegetables Market Size By Type (Vegetables, Fruits), By Distribution Channel (Supermarkets/Hypermarkets, Grocery Stores, Convenience Stores, Online Retailers), By End User (Retail, Foodservice), & Region for 2024-2031

Frozen Vegetables Market Size And Forecast

Frozen Vegetables Market size was valued at USD 31.6 Billion in 2023 and is projected to reach USD 46.33 Billion by 2031, growing at a CAGR of 4.9% from 2024 to 2031.

  • Frozen veggies are those that have been collected at their full ripeness and then rapidly frozen to retain their nutritional content, taste, and texture. Blanching the veggies, which means short boiling them to kill germs and deactivate enzymes that may cause spoiling, is followed by rapid chilling before freezing. This approach aids in keeping vitamins and minerals, which are frequently lost during standard canning or lengthy chilling.
  • Frozen veggies are a simple and time-saving solution for busy individuals and families since they are pre-washed, sliced, and ready to cook. They may be used in several meals, including soups, stews, stir-fries, and salads, without requiring any preparation.
  • Furthermore, because frozen veggies are available all year, they provide a steady supply of off-season food, allowing individuals to enjoy a wide variety of vegetables regardless of season. In terms of sustainability, frozen veggies can help minimize food waste since they have a longer shelf life than fresh produce, which spoils rapidly.
  • The packaging for frozen veggies is also frequently intended to be more environmentally friendly, with many businesses now employing recyclable materials. Overall, frozen veggies are a diverse, nutritious, and sustainable alternative that may help you eat a healthier, more balanced diet.

Global Frozen Vegetables Market Dynamics

The key market dynamics that are shaping the Global Frozen Vegetables Market include

Key Market Drivers

  • Increasing consumer demand for convenient food options The fast-paced modern lifestyle has resulted in a considerable increase in demand for convenience foods, such as frozen veggies. People are seeking for quick and easy meal alternatives that take little preparation time. Frozen veggies meet this requirement wonderfully because they are pre-washed, pre-cut, and ready to cook.
  • Advances in Freezing Technology Technological advances in freezing processes have increased the quality and shelf life of frozen veggies. Innovations like flash freezing and individually quick frozen (IQF) techniques assist to preserve the nutritional content, flavour, and texture of vegetables. These innovations ensure that consumers receive high-quality, fresh-as-possible items.
  • Increasing Consumer Health Awareness As individuals become more health-conscious, there is a rising understanding of the benefits of including vegetables in a well-balanced diet. Frozen veggies are seen as a nutritious and handy alternative to fresh produce, generally containing equivalent amounts of vitamins and minerals.
  • Vegetables are available year-round Frozen veggies give a continuous supply of different vegetables all year, independent of seasonal variations. This availability means that customers may eat their favourite veggies even when they are out of season. The ability to obtain a diverse range of veggies year-round is a major driver of the frozen vegetable business.
  • Increased Use of Frozen Vegetables in the Foodservice Industry The foodservice business, which includes restaurants, catering services, and fast-food franchises, is introducing more frozen veggies into its menus. Frozen veggies are a popular choice among foodservice operators due to their convenience, low cost, and long shelf life.

Key Challenges

  • Perception of inferior Quality Compared to Fresh ProduceOne of the major issues confronting the frozen vegetable business is that some customers believe frozen veggies are of inferior quality than fresh produce. This view is based on worries about the loss of texture, taste, and nutritional content during the freezing process.
  • High energy costs are associated with freezing and storageThe process of freezing vegetables and keeping them at low temperatures along the supply chain is energy demanding. High energy expenditures can increase the entire cost of manufacturing and storage, making frozen veggies more expensive than fresh alternatives.
  • Competition from Fresh and Canned Vegetables Frozen veggies compete with fresh and canned vegetables in the market. Consumers frequently express strong preferences based on convenience, price, and perceived quality. Canned veggies, for example, provide a comparable degree of convenience while typically costing less.
  • Limited Consumer Awareness in Emerging Markets Many emerging markets have little awareness and acceptance of frozen veggies. Traditional purchasing patterns, a lack of suitable freezing equipment, and limited marketing efforts can all impede the expansion of the frozen vegetable industry in these locations.
  • Environmental Impact of Packaging Eco-conscious customers are becoming increasingly concerned about the environmental impact of frozen vegetable packaging. Many frozen veggies are packed in plastic, adding to environmental pollution and waste. The industry must develop and implement more sustainable packaging options, such as biodegradable or recyclable materials.

Key Trends

  • Growing Popularity of Organic and Non-GMO Frozen Vegetables As customers become more health-conscious, they are looking for organic and non-GMO frozen veggies. These items are said to be safer and healthier since they contain no synthetic pesticides, fertilizers, or genetic changes. To accommodate this demand, the industry is expanding its organic and non-GMO offerings.
  • Technological Advances in Freezing Techniques Advances in freezing technology, including as flash freezing and individually quick frozen (IQF) procedures, are dramatically enhancing product quality. These developments assist to retain the nutritional value, taste, and texture of veggies, making them equivalent to fresh food. Such technical advancements are bringing more customers to the frozen vegetable business.
  • Expansion of product variations and blends The industry is seeing an increase in the number of frozen veggies available, including mixed vegetable mixes and unusual selections. This trend caters to a wide range of culinary preferences and nutritional concerns, giving consumers additional options for meals. The creation of novel and easy vegetable mixes helps to attract a larger client base.
  • Plant-based diets are becoming increasingly popular The development of plant-based diets is increasing demand for frozen veggies as a staple item. Consumers that follow a vegetarian, vegan, or flexitarian lifestyle consume more veggies. Frozen veggies offer a quick, healthy, and diverse choice for various dietary preferences, hence driving market development.

Global Frozen Vegetables Market Regional Analysis

Here is a more detailed regional analysis of the Global Frozen Vegetables Market

North America

  • The frozen veggies market in North America is characterized by strong consumer demand, which is driven by busy lifestyles and the desire for simple meal alternatives. The region has excellent freezing methods that assist to preserve the nutritional content and flavour of the veggies, making them a popular choice among health-conscious consumers.
  • Furthermore, North America places a high value on organic and non-GMO products, with many businesses increasing their offers to include these healthier alternatives.
  • The industry is backed by a well-developed distribution network, which ensures that frozen veggies are widely available in supermarkets and online platforms, hence accelerating market growth.

Europe

  • The frozen vegetable industry in Europe is huge and rising, thanks in large part to the region’s emphasis on sustainability and quality. European customers are very cognizant of food safety and environmental concerns, which drives demand for organic, non-GMO, and sustainably sourced frozen veggies.
  • The European Union’s rigorous food rules guarantee that frozen veggies sold on the market fulfil high quality and safety requirements.
  • Furthermore, the increasing popularity of vegetarian and vegan diets in Europe is driving up demand for a diverse range of frozen veggies. Companies in the region are also experimenting in packaging to lessen environmental effect, attracting eco-conscious customers.

Asia Pacific

  • The frozen veggies market in Asia Pacific is rapidly expanding, driven by increased urbanization, rising disposable incomes, and evolving dietary tastes toward healthier and more accessible food alternatives. The region’s burgeoning middle class is increasingly turning to frozen veggies as a convenient and healthful alternative to fresh food.
  • However, the industry confronts constraints such as insufficient cold storage facilities and little customer understanding of the advantages of frozen veggies over fresh ones. To address these issues, businesses are investing in marketing initiatives to educate customers and improving distribution networks to assure product availability.
  • The region’s large and diversified customer base has substantial development prospects, especially as more people adopt contemporary lifestyles and eating habits.

Global Frozen Vegetables Market Segmentation Analysis

The Global Frozen Vegetables Market is segmented based on Type, Distribution Channel, End User, and Geography.

Frozen Vegetables Market, By Type

  • Vegetables
  • Fruits

Based on Type, the market is fragmented into Vegetables and fruits. Vegetables dominate the frozen produce market because they are versatile and widely used in a range of meals, from main courses to side dishes, providing convenience and a long shelf life. However, the frozen fruits category is fast expanding, owing to increased demand for healthy snacks and smoothie components, as well as the popularity of smoothie bowls and fruit-based desserts.

Frozen Vegetables Market, By Distribution Channel

  • Supermarkets/Hypermarkets
  • Grocery Stores
  • Convenience Stores
  • Online Retailers

Based on Distribution Channel, the market is fragmented into Supermarkets/Hypermarkets, Grocery Stores, Convenience Stores, Online Retailers. Supermarkets and hypermarkets dominate the frozen vegetable industry due to their diverse product offerings, competitive price, and convenient location, making them customers’ principal shopping destinations. However, online retailers are rapidly expanding as a distribution channel, driven by the growing popularity of e-commerce, the convenience of home delivery, and the expansion of digital shopping options, particularly in the aftermath of the COVID-19 pandemic, which has accelerated the shift to online grocery shopping.

Frozen Vegetables Market, By End User

  • Retail
  • Foodservice

Based on End User, the market is fragmented into Retail, and Foodservice. The retail sector leads the frozen vegetable industry, as individual customers seek more convenient and long-lasting food alternatives for home cooking. However, the foodservice market is quickly expanding, driven by increased demand from restaurants, catering services, and institutional kitchens for high-quality, simple-to-prepare products that assist simplify food preparation and decrease waste, particularly in the fast-paced food business.

Frozen Vegetables Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Based on regional analysis, the Global Frozen Vegetables Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America now dominates the worldwide frozen vegetable market, owing to strong consumer demand for convenient and healthy food alternatives, well-established freezing technology, and efficient distribution networks. In contrast, the Asia Pacific area is quickly expanding, driven by increased urbanization, rising disposable incomes, and a shift in dietary tastes toward healthier and more convenient food options. The growing middle-class population in Asia Pacific countries is driving the significant rise in frozen vegetable consumption, creating major prospects for regional market expansion.

Key Players

The “Global Frozen Vegetables Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Ardo Group, Birds Eye Foods, Bonduelle, ConAgra Foods, Lamb Weston, Findus Sweden, Geest Limited, Gelagri Bretagne, Green Giant, J. Heinz, McCain Foods, NG Fung Hong. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Frozen Vegetables Market Recent Developments

 

  • In July 2023, Conagra Brands, a leading food company, acquired Agricola Don Memo, a major producer of frozen vegetables in Mexico. This acquisition aimed to expand Conagra’s presence in the rapidly growing frozen vegetable market and strengthen its supply chain in North America.
  • In November 2023, Bonduelle, a prominent French frozen vegetable producer, announced the launch of its new line of plant-based frozen vegetable bowls. These innovative products catered to the growing demand for convenient, plant-based meal options among health-conscious consumers.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2020-2031

Base Year

2023

Forecast Period

2024-2031

Historical Period

2020-2022

Unit

Value (USD Billion)

Key Companies Profiled

Ardo Group, Birds Eye Foods, Bonduelle, ConAgra Foods, Lamb Weston, Findus Sweden, Geest Limited, Gelagri Bretagne, Green Giant, J. Heinz, McCain Foods, NG Fung Hong.

Segments Covered

By Type, By Distribution Channel, By End User, and By Geography.

Customization Scope

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.

Pivotal Questions Answered in the Study

Frozen Vegetables Market was valued at USD 31.6 Billion in 2023 and is projected to reach USD 46.33 Billion by 2031, growing at a CAGR of 4.9% from 2024 to 2031.
Increasing consumer demand for convenient food options, Advances in Freezing Technology, Increasing Consumer Health Awareness, Vegetables are available year-round.
The major players are Ardo Group, Birds Eye Foods, Bo

Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )