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 Dynamics

Drivers

Increasing demand from foodservice industry

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.

Longer shelf life

Longer shelf life also benefits retailers and food manufacturers, as it allows them to store and transport products for longer periods of time without spoilage. This can help to reduce costs associated with food waste and spoilage, and allows them to maintain a consistent supply of products for consumers. Processed and frozen vegetables provide a convenient and affordable way for consumers to access a variety of vegetables, regardless of seasonality or availability.

Restraints

Seasonal availability

While processed and frozen vegetables can be stored for longer periods of time, they still rely on fresh produce as a raw material. This means that the availability of certain vegetables can be limited based on seasonality or weather conditions, which can impact the supply and cost of processed and frozen vegetable products.

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.

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.

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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 Dynamics

Processed & Frozen Vegetables Market Report Snapshots

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