Fresh Vegetables Market Size, Share, Growth Analysis, By Product(Tomato, Onion, Cabbage, Cucumber), By Distribution Channel(Offline, and Online), By Region - Industry Forecast 2024-2031

Q: What is the global market size of Fresh Vegetables Market?

Global Fresh vegetables market size was valued at USD 650.25 billion in 2022 and is poised to grow from USD 814.11 billion in 2023 to USD 4914.95 billion by 2031, growing at a CAGR of 25.2% in the forecast period (2024-2031).

Q: Which region accounted for the largest share in Global Fresh Vegetables Market?

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.

Report ID: SQMIG30I2344 | Region: Global | Published Date: March, 2024
Pages: 198 | Tables: 67 | Figures: 66

Fresh Vegetables Market News

Walmart and Plenty, a vertical farming startup, announced their cooperation in August 2023 to supply local, fresh vegetables to Walmart stores. With intentions to grow into more states down the road, the collaboration will begin with a pilot program in California.
In June 2023, FreshPoint Inc. acquired BIX Produce to expand its customer base, offer freshly cut items, and promote its specialty offerings to consumers in untouched regions.
To supply pectins, fruit fibers, and fruit powders throughout Switzerland and Austria, DKSH's Business Unit Performance Materials and Döhler's Business Unit Texturants announced an exclusive partnership in March 2023. Döhler serves the needs of a variety of culinary products, such as yogurt, jam, baked goods, meat products, and smoothies. Döhler specializes in natural ingredients including pectin and fruit fibers.

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Fresh vegetables market size was valued at USD 650.25 billion in 2022 and is poised to grow from USD 814.11 billion in 2023 to USD 4914.95 billion by 2031, growing at a CAGR of 25.2% in the forecast period (2024-2031).

The competitive landscape of the fresh vegetables market is characterized by a diverse array of players, ranging from local growers and producers to multinational corporations and retailers. This market thrives on the ability to provide high-quality, fresh produce to meet the growing demands of health-conscious consumers globally. Established players with extensive distribution networks, such as major supermarkets and grocery chains, leverage their strong presence to dominate a significant portion of the market share. These retailers often source fresh vegetables from a network of suppliers, ensuring a consistent supply to meet consumer needs. 'Dole Food Company, Inc.', 'Fresh Del Monte', 'Keelings', 'Tanimura & Antle', 'BelOrta', 'FreshPoint Inc.', 'Mirak Group', 'C.H. Robinson Worldwide, Inc.', 'Goknur Gida', 'Fruitable Fresh Sdn Bhd.', 'Fresh Trading FZE'

Rising awareness of the health benefits associated with consuming fresh vegetables is a significant driver. People are increasingly prioritizing nutritious, natural foods, driving demand for fresh vegetables.

Rising Demand for Organic and Locally-Sourced Produce: Consumers are increasingly seeking organic and locally-grown fresh vegetables. The preference for products with minimal chemical exposure and a smaller carbon footprint has led to a surge in demand for organic, farm-to-table, and locally-sourced vegetables.

In 2022, Asia Pacific held the largest share of the 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.

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Fresh Vegetables Market Size, Share, Growth Analysis, By Product(Tomato, Onion, Cabbage, Cucumber), By Distribution Channel(Offline, and Online), By Region - Industry Forecast 2024-2031

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