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.
Compared to fresh vegetables, frozen vegetables have a longer shelf life and are therefore more convenient to ship to different areas of the world. These are kept in storage at a temperature below freezing.
It is expected that the growing working population in developed and developing nations would have a beneficial effect on the market for ready-to-cook or ready-made food goods. Furthermore, it is anticipated that the global frozen vegetables market would be driven by rising demand for frozen food items and rising awareness of the health benefits of consuming frozen vegetables during the evaluation period (2022–2032).
Furthermore, expanding consumer spending capacity and purchasing power, along with more readily available and reasonably priced frozen vegetables, are anticipated to drive market expansion during the next 10 years.
Additionally, rapidly changing lifestyles & diet schedules and adoption of healthier eating habits are set to drive the market. Surging number of large retail chains worldwide is another vital factor that is projected to accelerate growth in the market.
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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.
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.
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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.
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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About Future Market Insights (FMI)
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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