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 News

In January 2024, NRGene Technologies Ltd. (TASE: NRGN) announced the launch of its new FoodTech subsidiary, Supree (Supree-Zanim). Supree focuses on developing unique fruit and vegetable varieties that naturally dry on the vine while preserving their nutritional content and taste.
In February 2024, Twin City Foods, Inc. and Smith Frozen Foods, Inc., two prominent frozen food companies, have agreed to merge. Although the details of the merger are still being worked out, it is anticipated that after the merger, Twin City Foods and Smith Frozen Foods will operate together under a new parent company named TCF Holdings, Inc. This partnership aims to combine resources and strengths to better serve customers and fulfill market demands, all while continuing to support local farmers. The merger is expected to enhance capabilities and efficiency for both companies.
In March 2024, FPS Food Process Solutions, a leading provider of freezing and chilling solutions, is preparing to showcase its innovative technologies at the upcoming Food Northwest Process and Packaging Expo in Portland, Oregon, on April 10-11. FPS will introduce a range of solutions aimed at improving potato processing efficiency, including equipment from its subsidiaries CMP of Prince Edward Island and GEM Equipment of Oregon. FPS has also partnered with OptiCept Technologies to develop Pulsed Electric Field (PEF) technology for potato processing.

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 News

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