PUBLISHER: Renub Research | PRODUCT CODE: 1463211
PUBLISHER: Renub Research | PRODUCT CODE: 1463211
Frozen Vegetables Market Report by Product, End-User, Distribution Channel, Region and Company Analysis 2024-2032
Frozen Vegetables Market was estimated at US$ 34.26 Billion in 2023 and is expected to reach US$ 53.34 Billion by 2032, growing at a CAGR of 5.04% during the forecast period (2024-2032).
Frozen vegetables have an extended shelf existence, making them handy for lengthy-term storage and use. Freezing preserves essential nutrients like carotenes, that are crucial for vitamin A synthesis in the body. Many meals manufacturers employ freezing strategies to save meals waste, cater to the needs of a developing population, and preserve competitiveness and profitability within the foods industry, with the processed food sector rapidly evolving and accelerated expenditure on meals objects, particularly packaged vegetables, marketplace increase is anticipated inside the foreseeable period. Additionally, ongoing advancements in product innovation and attractive packaging further stimulate demand for processed greens vegetable, mainly in rising markets.
Frozen Vegetables Market Surveys
In February 2024, Nortera, a North American chief in vegetable processing, launched the consequences of a survey on Canadians' relationship with frozen veggies. The survey revealed that 85% of Canadians enjoyed those handy, nutritious alternatives during the last year, and almost 1/2 (48%) say they buy them as a minimum as soon as a month.
A November 2022 survey by the American Frozen Food Institute (AFFI) found that over a one-fourth of customers have accelerated their purchases of frozen fruits and veggies in comparison to 3 years in the past. Nearly all-American households, 94 percent, now purchase frozen produce.
In March 2024, surveys through Acosta and Advantage found that customers increasingly prioritize three factors while making frozen meal purchases: fee, convenience, and health. Acosta found that 67% of consumers perceive frozen meals as imparting better value, particularly in categories like vegetables, fruit, meat, fish, and pizza. Additionally, most customers keep frozen food handy, especially for those who cannot cook. However, the most effective 25% agree that frozen dinners, snacks, and entrees are as nutritious as homemade options. Consumer packaged goods (CPG) organizations focus on innovating more healthy products and supplying clean messaging to train clients approximately more healthy frozen meal selections. A Rabobank study indicates that consumer demand has tripled frozen sweet potato imports from the USA to the EU within the past four years.
Europe Frozen Vegetables Market
Europe is a key market for frozen vegetables because of busy lifestyles and a demand for inexpensive, flavorful, and healthy options. Frozen greens provide versatility, like berries for smoothies and kale for crisps. Rising earnings and nutritional shifts in the direction of greens pressure the market, with possibilities in Germany, France, Belgium, Italy, and the Netherlands. Awareness of frozen vegetables' nutritional value is rising, mainly among younger consumers. In July 2023, Actual Veggies improved its plant based offerings with Black Bean and Super Greens Veggie Burgers at select Whole Foods Market stores.
China Frozen Vegetables Market
China frozen vegetables industry has experienced a speedy increase, driven by adjustments in consumer dietary alternatives. Positioned strategically, China is poised to meet the increasing demand for convenient packaged frozen meals that require minimum training or are prepared to devour. Growth opportunities abound across diverse sectors, which include education, tourism, and fast food. With rising disposable income and urbanization, China has turned out to be a subnational market for frozen vegetables products. Despite reduced tariffs on imports, the prices of multinational brands continue to be excessive. Leading companies are directing investments into large-scale centers and garage infrastructure, specializing in cold logistics and premium components, to propel the industry's enlargement in China similarly.
Frozen Vegetables Market Company Analysis
General Mills Inc., Conagra Brands, Hormel Foods, Unilever PLC, The Kraft Heinz Company, Nomad Foods Ltd, B&G Foods Inc., and Greenyard are prominent players in the Frozen vegetable market.
Frozen Vegetables Industry Mergers & Acquisitions and Collaborations
- In July 2023, Capstone Partners guided frozen pasta manufacturer Mama Rosie's in its acquisition with the aid of Seviroli Foods, supported by Mill Point Capital.
- In April 2023, Nestle and private equity firm PAI Partners collaborated to establish a joint mission specializing in Nestle's Frozen Pizza commercial enterprise in Europe.
- In March 2024, 80 Acres Farms plans to expand its salad package services and internally expand dressings sourced from precision-managed farms.
- In February 2024, US frozen meal businesses Twin City Foods and Smith Frozen Foods signed a nonbinding settlement to merge into TCF Holdings, Inc.
Frozen Vegetables Company News
1. In March 2024, BigBasket launched a new frozen food emblem known as Precia in a strategic partnership with famed chef Sanjeev Kapoor.
2. In January 2024, Prime Fresh Limited partnered with ITC Limited to decorate our fruits, greens, and frozen foods. This collaboration makes a specialty of strengthening both organizations' distribution, sales, and marketing preparations.
3. In February 2023, Lamb Weston Holdings, Inc. acquired its European joint project with Meijer Frozen Foods B.V.
4. In April 2023, Bimbo Bakeries USA delivered a new variety of frozen treats stimulated by its renowned Entenmann's baked goods.
5. In May 2022, B&G Foods Inc. bought Growers Express, LLC's frozen vegetable manufacturing operations, which produce giant riced veggies and giant veggie spirals. The deal accommodates stock, devices, a sublease in Yuma, Arizona, and a warehouse lease in San Luis, Arizona. About a hundred and fifty-five employees will shift to B&G Foods.
6. In September 2023, Kraft Heinz unveiled 360CRISPTM, a progressive platform that guarantees microwave-cooked food achieves stove-like crispiness. The debut product under this platform is LUNCHABLES(R) Grilled Cheeses. By the end of 2024, Kraft Heinz seeks to introduce 5 additional products across 4 present manufacturers.
Product - Frozen Vegetables Market breakup into 8 parts
1. Corn
2. Asparagus
3. Spinach
4. Green Peas
5. Broccoli
6. Mushroom
7. Green Beans
8. Others
End User - Frozen Vegetables Market breakup into 2 parts
1. Food Service Industry
2. Retail Customers
Distribution Channel - Frozen Vegetables Market into 3 parts
1. Discounters
2. Supermarket/Hypermarket
3. Others
Countries - Frozen Vegetables Market into 25 viewpoints
1. North America
- 1.1 United States
- 1.2 Canada
2. Europe
- 2.1 France
- 2.2 Germany
- 2.3 Italy
- 2.4 Spain
- 2.5 United Kingdom
- 2.6 Belgium
- 2.7 Netherland
- 2.8 Turkey
3. Asia Pacific
- 3.1 China
- 3.2 Japan
- 3.3 India
- 3.4 South Korea
- 3.5 Thailand
- 3.6 Malaysia
- 3.7 Indonesia
- 3.8 Australia
- 3.9 New Zealand
4. Latin America
- 4.1 Brazil
- 4.2 Mexico
- 4.3 Argentina
5. Middle East & Africa
- 5.1 Saudi Arabia
- 5.2 UAE
- 5.3 South Africa
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. General Mills Inc.
2. Conagra Brands
3. Hormel Foods
4. Unilever PLC
5. The Kraft Heinz Company
6. Nomad Foods Ltd
7. B&G Foods, Inc.
8. Greenyard
Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
- 4.1 Growth Drivers
- 4.2 Challenges
5. Frozen Vegetables Market
6. Market Share - Frozen Vegetables Analysis
- 6.1 By Product
- 6.2 By End User
- 6.3 By Distribution Channel
- 6.4 By Countries
7. Product - Frozen Vegetables Market
- 7.1 Corn
- 7.2 Asparagus
- 7.3 Spinach
- 7.4 Green Peas
- 7.5 Broccoli
- 7.6 Mushroom
- 7.7 Green Beans
- 7.8 Others
8. End User - Frozen Vegetables Market
- 8.1 Food Service Industry
- 8.2 Retail Customers
9. Distribution Channel - Frozen Vegetables Market
- 9.1 Discounters
- 9.2 Supermarket/Hypermarket
- 9.3 Others
10. Countries - Frozen Vegetables Market
- 10.1 North America
- 10.1.1 United States
- 10.1.2 Canada
- 10.2 Europe
- 10.2.1 France
- 10.2.2 Germany
- 10.2.3 Italy
- 10.2.4 Spain
- 10.2.5 United Kingdom
- 10.2.6 Belgium
- 10.2.7 Netherland
- 10.2.8 Turkey
- 10.3 Asia Pacific
- 10.3.1 China
- 10.3.2 Japan
- 10.3.3 India
- 10.3.4 South Korea
- 10.3.5 Thailand
- 10.3.6 Malaysia
- 10.3.7 Indonesia
- 10.3.8 Australia
- 10.3.9 New Zealand
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.2 Mexico
- 10.4.3 Argentina
- 10.5 Middle East & Africa
- 10.5.1 South Africa
- 10.5.2 Saudi Arabia
- 10.5.3 UAE
11. Porter's Five Forces Analysis - Frozen Vegetables Market
- 11.1 Bargaining Power of Buyers
- 11.2 Bargaining Power of Suppliers
- 11.3 Degree of Rivalry
- 11.4 Threat of New Entrants
- 11.5 Threat of Substitutes
12. SWOT Analysis - Frozen Vegetables Market
- 12.1 Strength
- 12.2 Weakness
- 12.3 Opportunity
- 12.4 Threat
13. Key Players
- 13.1 General Mills Inc.
- 13.1.1 Overview
- 13.1.2 Recent Development
- 13.1.3 Revenue Analysis
- 13.2 Conagra Brands
- 13.2.1 Overview
- 13.2.2 Recent Development
- 13.2.3 Revenue Analysis
- 13.3 Hormel Foods
- 13.3.1 Overview
- 13.3.2 Recent Development
- 13.3.3 Revenue Analysis
- 13.4 Unilever PLC
- 13.4.1 Overview
- 13.4.2 Recent Development
- 13.4.3 Revenue Analysis
- 13.5 The Kraft Heinz Company
- 13.5.1 Overview
- 13.5.2 Recent Development
- 13.5.3 Revenue Analysis
- 13.6 Nomad Foods Ltd
- 13.6.1 Overview
- 13.6.2 Recent Development
- 13.6.3 Revenue Analysis
- 13.7 B&G Foods, Inc.
- 13.7.1 Overview
- 13.7.2 Recent Development
- 13.7.3 Revenue Analysis
- 13.8 Greenyard
- 13.8.1 Overview
- 13.8.2 Recent Development
- 13.8.3 Revenue Analysis
List of Figures
- Figure-01: Global - Frozen Vegetables Market (Billion US$), 2019 - 2023
- Figure-02: Global - Forecast for Frozen Vegetables Market (Billion US$), 2024 - 2032
- Figure-03: Product - Corn Market (Million US$), 2019 - 2023
- Figure-04: Product - Forecast for Corn Market (Million US$), 2024 - 2032
- Figure-05: Product - Asparagus Market (Million US$), 2019 - 2023
- Figure-06: Product - Forecast for Asparagus Market (Million US$), 2024 - 2032
- Figure-07: Product - Spinach Market (Million US$), 2019 - 2023
- Figure-08: Product - Forecast for Spinach Market (Million US$), 2024 - 2032
- Figure-09: Product - Green Peas Market (Million US$), 2019 - 2023
- Figure-10: Product - Forecast for Green Peas Market (Million US$), 2024 - 2032
- Figure-11: Product - Broccoli Market (Million US$), 2019 - 2023
- Figure-12: Product - Forecast for Broccoli Market (Million US$), 2024 - 2032
- Figure-13: Product - Mushroom Market (Million US$), 2019 - 2023
- Figure-14: Product - Forecast for Mushroom Market (Million US$), 2024 - 2032
- Figure-15: Product - Green Beans Market (Million US$), 2019 - 2023
- Figure-16: Product - Forecast for Green Beans Market (Million US$), 2024 - 2032
- Figure-17: Product - Others Market (Million US$), 2019 - 2023
- Figure-18: Product - Forecast for Others Market (Million US$), 2024 - 2032
- Figure-19: End User - Food Service Industry Market (Million US$), 2019 - 2023
- Figure-20: End User - Forecast for Food Service Industry Market (Million US$), 2024 - 2032
- Figure-21: End User - Retail Customers Market (Million US$), 2019 - 2023
- Figure-22: End User - Forecast for Retail Customers Market (Million US$), 2024 - 2032
- Figure-23: Distribution Channel - Discounters Market (Million US$), 2019 - 2023
- Figure-24: Distribution Channel - Forecast for Discounters Market (Million US$), 2024 - 2032
- Figure-25: Distribution Channel - Supermarket/Hypermarket Market (Million US$), 2019 - 2023
- Figure-26: Distribution Channel - Forecast for Supermarket/Hypermarket Market (Million US$), 2024 - 2032
- Figure-27: Distribution Channel - Others Market (Million US$), 2019 - 2023
- Figure-28: Distribution Channel - Forecast for Others Market (Million US$), 2024 - 2032
- Figure-29: United States - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-30: United States - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-31: Canada - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-32: Canada - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-33: France - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-34: France - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-35: Germany - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-36: Germany - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-37: Italy - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-38: Italy - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-39: Spain - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-40: Spain - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-41: United Kingdom - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-42: United Kingdom - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-43: Belgium - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-44: Belgium - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-45: Netherland - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-46: Netherland - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-47: Turkey - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-48: Turkey - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-49: China - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-50: China - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-51: Japan - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-52: Japan - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-53: India - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-54: India - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-55: South Korea - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-56: South Korea - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-57: Thailand - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-58: Thailand - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-59: Malaysia - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-60: Malaysia - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-61: Indonesia - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-62: Indonesia - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-63: Australia - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-64: Australia - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-65: New Zealand - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-66: New Zealand - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-67: Brazil - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-68: Brazil - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-69: Mexico - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-70: Mexico - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-71: Argentina - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-72: Argentina - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-73: Saudi Arabia - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-74: Saudi Arabia - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-75: UAE - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-76: UAE - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-77: South Africa - Frozen Vegetables Market (Million US$), 2019 - 2023
- Figure-78: South Africa - Forecast for Frozen Vegetables Market (Million US$), 2024 - 2032
- Figure-79: General Mills Inc. - Global Revenue (Million US$), 2019 - 2023
- Figure-80: General Mills Inc. - Forecast for Global Revenue (Million US$), 2024 - 2032
- Figure-81: Conagra Brands - Global Revenue (Million US$), 2019 - 2023
- Figure-82: Conagra Brands - Forecast for Global Revenue (Million US$), 2024 - 2032
- Figure-83: Hormel Foods - Global Revenue (Million US$), 2019 - 2023
- Figure-84: Hormel Foods - Forecast for Global Revenue (Million US$), 2024 - 2032
- Figure-85: Unilever PLC - Global Revenue (Million US$), 2019 - 2023
- Figure-86: Unilever PLC - Forecast for Global Revenue (Million US$), 2024 - 2032
- Figure-87: The Kraft Heinz Company - Global Revenue (Million US$), 2019 - 2023
- Figure-88: The Kraft Heinz Company - Forecast for Global Revenue (Million US$), 2024 - 2032
- Figure-89: Nomad Foods Ltd - Global Revenue (Million US$), 2019 - 2023
- Figure-90: Nomad Foods Ltd - Forecast for Global Revenue (Million US$), 2024 - 2032
- Figure-91: B&G Foods, Inc. - Global Revenue (Million US$), 2019 - 2023
- Figure-92: B&G Foods, Inc. - Forecast for Global Revenue (Million US$), 2024 - 2032
- Figure-93: Greenyard - Global Revenue (Million US$), 2019 - 2023
- Figure-94: Greenyard - Forecast for Global Revenue (Million US$), 2024 - 2032
List of Tables
- Table-01: Global - Frozen Vegetables Market Share by Product (Percent), 2019 - 2023
- Table-02: Global - Forecast for Frozen Vegetables Market Share by Product (Percent), 2024 - 2032
- Table-03: Global - Frozen Vegetables Market Share by End User (Percent), 2019 - 2023
- Table-04: Global - Forecast for Frozen Vegetables Market Share by End User (Percent), 2024 - 2032
- Table-05: Global - Frozen Vegetables Market Share by Distribution Channel (Percent), 2019 - 2023
- Table-06: Global - Forecast for Frozen Vegetables Market Share by Distribution Channel (Percent), 2024 - 2032
- Table-07: Global - Frozen Vegetables Market Share by Countries (Percent), 2019 - 2023
- Table-08: Global - Forecast for Frozen Vegetables Market Share by Countries (Percent), 2024 - 2032
