What is the global market size of Processed & Frozen Vegetables Market?

Global Processed & Frozen Vegetables Market size was valued at USD 78 billion in 2021 and is poised to grow from USD 80.3 billion in 2022 to USD 106.5 billion by 2030, growing at a CAGR of 4% in the forecast period (2023-2030).

Processed & Frozen Vegetables Market Size, Share, Growth Analysis, By Distribution Channels(Dried, Canned, Frozen), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30H2066 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 36 | Figures: 76

Processed & Frozen Vegetables Market Regional Insights

North America dominated the global market. The market has been growing rapidly in recent years due to customers' quick changes in lifestyle as they become more concerned with their health and wellness. Due to vegetables' excellent nutritional value and low-calorie content, the consumption of packaged food items has increased in the United States and Canada, which has fuelled the expansion of the local market.

The Asia Pacific region is expected to grow at the fastest CAGR. The demand for processed and frozen vegetables will be driven by the large consumer bases in China, India, and Japan. Also, the rising population and increasing disposable income are anticipated to have a significant impact on the region.

Processed & Frozen Vegetables Market Report Snapshots

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Global Processed & Frozen Vegetables Market size was valued at USD 82.23 billion in 2022 and is poised to grow from USD 85.68 billion in 2023 to USD 119.08 billion by 2031, at a CAGR of 4.2% during the forecast period (2024-2031).

The market is made up of a number of well-established firms and regional businesses. To expand their businesses, a variety of manufacturers and suppliers are anticipated to concentrate on the logistical expansion and reinforcement of the distribution channel. These measures will soon increase the demand for these products among customers worldwide. 'Conagra Brands (US)', 'General Mills (US)', 'Bonduelle SCA (France)', 'Pinnacle Foods (US)', 'B&G Foods, Inc. (US)', 'McCain Foods Limited (Canada)', 'H.J. Heinz Company (US)', 'Nestle SA (Switzerland)', 'Unilever Group (UK/Netherlands)', 'The Kraft Heinz Company (US)', 'Simplot Food Group (US)', 'Lamb Weston Holdings, Inc. (US)', 'Greenyard NV (Belgium)', 'Seneca Foods Corporation (US)', 'Birds Eye (US)', 'Dole Food Company, Inc. (US)', 'J.R. Simplot Company (US)', 'Bühler AG (Switzerland)', 'Givaudan SA (Switzerland)', 'Olam International Limited (Singapore)', 'Ardo NV (Belgium)', 'D'Arrigo Bros. Co. of California (US)'

The foodservice industry is a major consumer of processed and frozen vegetables, as they offer a cost-effective and convenient way to provide vegetables in large quantities. As the demand for processed and frozen vegetables from the foodservice industry increases, it is driving the growth of the market.

Consumers are becoming more health-conscious and are looking for fresh and organic vegetables that are free from chemicals and pesticides. This has led to a shift in consumer preferences towards fresh produce and away from processed and frozen vegetables. Some companies are offering frozen vegetables that are flash-frozen immediately after harvest, which helps to preserve the nutritional value and freshness of the vegetables.

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Processed & Frozen Vegetables Market Size, Share, Growth Analysis, By Distribution Channels(Dried, Canned, Frozen), By Region - Industry Forecast 2024-2031

Processed & Frozen Vegetables Market Regional Insights

Processed & Frozen Vegetables Market Report Snapshots

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