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.
Rising consumer preference for frozen vegetables, coupled with growing awareness of their nutritional benefits, is driving market growth. Freezing seasonal vegetables preserves their nutrients and ensures year-round availability, contributing to the market’s expansion.
The frozen vegetable market is expected to grow as disposable incomes rise and frozen vegetables become more widely available. Additionally, shifting eating habits and lifestyles, along with the rapid expansion of major retail chains, are further driving the industry’s growth.
Restaurants and cafes are increasingly using frozen vegetables to create unique dishes, driven by the rise of eCommerce and online delivery services in our fast-paced lifestyle. This trend is contributing to the growth of the frozen vegetable market.
The high cost of frozen vegetables is a major barrier to market growth, with price-sensitive consumers often opting for fresh alternatives. The price disparity is attributed to the expenses associated with processing, freezing, and packaging, which are necessary to maintain the vegetables’ nutritional value and quality.
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.
Key Coverage in Frozen Vegetable Market Report
- Categorical Study on the Organic and Conventional Nature of Frozen Vegetables
- Frozen Vegetable Market Detailed Analysis of Current Scenario with Growth Forecasts
- Opportunities for Frozen Vegetable Market in India
- Market Potential of Frozen Vegetables in China
- Competition Analysis of Frozen Vegetable Manufacturers with Focus on SunOpta, Del Monte Foods, Inc., Ajinomoto Co., Inc., and Others.
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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