Report ID: SQMIG30I2344
Report ID:
SQMIG30I2344 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|
Tables:
67 |
Figures:
66
In 2022, Asia Pacific held the largest share of the global market, accounting for over 65%. This dominance can be attributed to the substantial consumer base in countries like China, India, and Japan, where the demand for fresh vegetables is significant. Additionally, the region's role as both the largest producer and consumer of fresh vegetables contributes to the overall market growth. These factors, combined with increasing health concerns, rising disposable incomes, and a growing population with higher purchasing power, indicate that Asia Pacific is poised to maintain its dominant position throughout the forecast period.
North America stands out as the fastest-growing market, expected to witness a robust Compound Annual Growth Rate (CAGR) of 4.1% from 2023 to 2030. This growth is fueled by increased consumption of fresh food products in the United States and Canada, driven by the high nutritional quality of such products. Changing dietary preferences aligned with shifting lifestyles and rising disposable incomes are boosting the demand for healthy, fresh vegetables in the region. Additionally, growing consumer awareness about health, combined with the ease of access to fresh vegetables, is expected to further support market growth during the forecast period.
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Report ID: SQMIG30I2344