The frozen vegetable market is predicted to surge at a CAGR of 6.0% through 2034. Sales revenue of frozen vegetables is estimated to be worth USD 53.8 billion in 2024.
The younger populations in the market favor the frozen vegetable segment as a healthier snack option over fresh, canned, and cooked meals. The frozen veggies market size is envisioned to attain a valuation of USD 96,451.80 million by 2034.
Convenience products are in the spotlight because of the rapid rate of urbanization and increased disposable income. Shifting technological developments, attractive packaging, storage convenience, and accessibility foster the demand for frozen vegetables upward.
| Attributes | Details |
|---|---|
| Estimated Market Value for 2024 | USD 53.8 billion |
| Forecasted Market Value for 2034 | USD 96.45 billion |
| Projected Market CAGR from 2024 to 2034 | 6.0% |
Frozen vegetable vendors thoroughly understand consumers trends and preferences. The need for nutritious and simple-to-make solutions keeps evolving as there is a stronger emphasis on convenience as well as health-conscious choices. Consumers' evolving dietary patterns influence the demand for different types of frozen vegetables.
Through persistent analysis of these trends, frozen vegetable manufacturers alter their range of goods and sales strategies to meet customer demand accurately. Nestlé S.A. and General Mills, Inc., are partners in a partnership. They compete in the ready-to-eat cereal market. The company and Häagen-Dazs Japan, Inc. (HDJ), a competitor in Japan's hyper-premium ice cream market, collaborate.
Educating consumers regarding the nutritional value, adaptability, and ease of use of frozen vegetables fosters market expansion of frozen vegetables. Many consumers need to be aware of the benefits of frozen vegetables over canned or fresh alternatives.
Frozen vegetable vendors ought to spend money on instructional programs that educate customers about the convenience, nutritional content, and flavor retention that frozen vegetables provide. This parameter accelerates sales of frozen vegetables.
| Attributes | Details |
|---|---|
| Market Value for 2019 | USD 41,926.9 million |
| Market CAGR from 2019 to 2023 | 5.6% |
The availability of raw materials is anticipated to fluctuate. This could lead to supply shortages and product quality variations, which are likely to impact production and operations and hinder the adoption of frozen vegetables. Special storage facilities with sufficient capacity are required for frozen vegetables. These storage facilities induce substantial operational costs, negatively influencing profit and deterring the market expansion of frozen vegetables.
Concerns about energy use, packaging materials, and agricultural methods related to sustainability are progressively influencing consumer purchase decisions. Frozen vegetable manufacturers are under strain to implement environmentally friendly procedures and lessen the environmental impact of their manufacturing and distribution processes.
The segmented frozen vegetable market analysis is introduced in the preceding paragraph. After a thorough examination, it is evident that the conventional segment excels in the nature category, while broccoli and cauliflower rule the vegetable type category.
The above data indicates the noteworthy relevance of these specific vegetables and their taste for conventional products in the frozen vegetable industry.
| Segment | Broccoli and Cauliflowers |
|---|---|
| Share (2024) | 17.7% |
The high nutritional value and health advantages of broccoli and cauliflower thrust the demand for frozen vegetables among health-conscious consumers. The strengthening awareness of plant-based diets caters to the surging demand for broccoli and cauliflower segment among vegetarians and people seeking vegan-friendly options. The year-round availability and long shelf life make the broccoli and cauliflower segment a dependable alternative for frozen vegetable producers.
| Segment | Conventional |
|---|---|
| Share (2024) | 83.5% |
Consumers on a limited budget are drawn to conventional food because of its affordability, which increases sales of frozen vegetables. Due to their broad application in various culinary applications, conventional varieties tend to be in higher demand on the market, which ensures steady sales of frozen vegetables. Despite the growing popularity of organic products, the conventional segment's cost and broad availability continue to fuel overall frozen veggies market performance.
The subsequent tables observe the frozen veggies market, concentrating on the foremost economies in India, China, Japan, Germany, and the United States. An exhaustive study indicates that India has great potential. Opportunities abound in its rapidly expanding frozen veggies market.
| Country | India |
|---|---|
| CAGR (2024 to 2034) | 7.6% |
The flexibility of frozen vegetables is growing in prominence in India's fast-paced lifestyle due to the country's growing urban population and shifting eating patterns. India's frozen vegetable market is flourishing due to government programs supporting the food manufacturing industry. Due to the diversity of Indian culture, the country has a wide range of tastes and preferences, which boosts demand for frozen veggies.
| Country | China |
|---|---|
| CAGR (2024 to 2034) | 7.0% |
The market in China is experiencing an uptick in demand for eco-friendly and sustainable packaging solutions due to growing environmental concerns. Premium frozen vegetable products are becoming prevalent in China due to shifting demographics and the emergence of the middle class. The adoption of frozen veggies, which combine contemporary convenience with cultural legacy, is fostered by the traditional culinary worth of vegetables in Chinese cuisine.
| Country | Japan |
|---|---|
| CAGR (2024 to 2034) | 6.1% |
Japan's aging population and hectic schedules contribute to the demand for frozen veggies that are simple to prepare, which aligns with the country's need for quick and easy dinner options. In Japan's frozen vegetable market, strict rules guarantee consumer confidence by emphasizing food safety and high-quality standards. The adoption of frozen vegetables illustrates the blending of contemporary convenience and Japanese culinary tradition in traditional dishes.
| Country | Germany |
|---|---|
| CAGR (2024 to 2034) | 5.6% |
In Germany, a market centered around organic and locally sourced goods reflects a dedication to sustainability and health-conscious purchasing. German customers' hectic lifestyles are well-suited for the convenience of frozen veggies, which promotes market expansion. Plant-based frozen vegetable options are steadily prevalent in Germany, partly due to the growing popularity of flexitarian and vegetarian diets.
| Country | United States |
|---|---|
| CAGR (2024 to 2034) | 5.0% |
Convenient frozen vegetable options are in high demand in the United States due to the expanding home cooking and meal preparation trend. The availability and prevalence of frozen veggies among customers in the United States are significantly influenced by eCommerce platforms and subscription services. Healthy programs and corporate wellness campaigns are among the health-conscious activities that have helped frozen vegetables become an attractive and healthy option in the United States.
Key producers of frozen vegetables dominate the industry's varied landscape, competing for market share and customer loyalty. Leading frozen vegetable providers with a reputation for quality and innovation, such as Amy's Kitchen, Inc., Ardo N.V., and Bonduelle SCA, are at the forefront of the industry. Vital frozen vegetable manufacturers Bellisio Foods, Inc., Conagra Foods, Inc., and Arena Agroindustrie Alimentari SPA distinguish themselves using their broad product portfolios and distribution networks to keep a competitive edge.
Findus Group, Goya Foods, Inc., and H.J. Heinz Company are frozen vegetable vendors catering to various consumer tastes and culinary traditions while bringing their unique capabilities and market insights. General Mills Inc. and Iceland Foods Ltd.'s market penetration and partnership agreements strengthen the competitive environment.
Due to their widespread distribution and prominent names, significant frozen vegetable vendors like Nestle and Kellogg Co. should not be disregarded. Through their innovative products and adaptable supply chains, B&G Foods, Inc., Aryzta AG, and Flowers Foods also foster the market's dynamism of frozen vegetables.
The market growth and competition are boosted by competitors vying for market share and attention beyond these key frozen vegetable manufacturers. The competitive landscape is predicted to shift toward expansion and diversification as customer preferences change and the need for quick, wholesome food options rises.
Notable Advancements
| Company | Details |
|---|---|
| SunOpta | In April 2022, SunOpta, a United States-based global pioneer in sustainable, plant- and fruit-based food and beverages, opened Eden Prairie, Minnesota's 65,000-square-foot global headquarters and eco-powered research center. |
| Del Monte Foods, Inc. | Del Monte Foods, Inc. announced its goal to achieve net-zero emissions by 2050 April 6, 2022. To support SBTi's commitment to keeping the rise in global temperature to 1.5°C to a minimum, the company has committed to setting near-term, science-based targets for lowering carbon emissions from Scopes 1, 2, and 3. |
| Ajinomoto Co., Inc. | Ajinomoto Co., Inc. introduced AJISWEET RA, a stevia sweetener developed in collaboration with Morita Kagaku Kogyo Co., Ltd. in Japan in 2020. The product's reduced bitterness and off-flavors enable food and beverage manufacturers to address taste-related difficulties. |
| ITC Limited | Under the Farmland brand, ITC Limited expanded its product line in 2020 by introducing frozen vegetables, including peas, Indian round gourds (tinda), and pointed gourds (parwal). The corporation also introduced frozen prawns under the ITC Master Chef brand. |
| Suguna Poultry Farm Ltd | Suguna Poultry Farm Ltd. announced opening a cold storage facility in Tiruch in October 2021. It can hold 25 tonnes of veggies. This serves you with juices and ready-to-eat salads. |
| Report Attributes | Details |
|---|---|
| Current Total Market Size (2024) | USD 53.8 billion |
| Projected Market Size (2034) | USD 96.45 billion |
| CAGR (2024 to 2034) | 6.0% |
| Base Year for Estimation | 2023 |
| Historical Period | 2019 to 2023 |
| Projections Period | 2024 to 2034 |
| Quantitative Units | USD million for value and kilotons for volume |
| Vegetable Types Analyzed (Segment 1) | Broccoli and Cauliflower, Green Peas, Asparagus, Mushrooms, Spinach, Corn, Green Beans, Others |
| Nature Types Analyzed (Segment 2) | Organic, Conventional |
| End Uses Analyzed (Segment 3) | Food Service Industry, Retail Customers |
| Distribution Channels Analyzed (Segment 4) | Direct, Indirect, Hypermarkets/Supermarkets, Convenience Stores, Grocery Stores, Online Retailers, Other Channels |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Countries Covered | United States, Canada, Brazil, Germany, France, United Kingdom, Italy, China, Japan, India, South Korea, Australia, New Zealand, GCC Countries, South Africa |
| Key Players influencing the Frozen Vegetable Market | Amy's Kitchen, Ardo N.V., Bonduelle SCA, Bellisio Foods, Conagra Foods, Arena Agroindustrie Alimentari, Findus Group, Goya Foods, Heinz, Iceland Foods, General Mills, Nestle, Kellogg, B&G Foods, Aryzta AG, Flowers Foods, Others |
| Additional Attributes | Dollar sales growth driven by retail demand, conventional product dominance sustaining volume share, rising penetration of online grocery sales, broccoli and cauliflower expansion across food service menus, private label growth in hypermarkets, innovation in frozen organic vegetable blends gaining attention. |
| Customization and Pricing | Customization and Pricing Available on Request |
The demand for frozen vegetables is likely to grab a valuation of USD 53.8 billion in 2024.
Sales revenue of frozen vegetables is estimated to hit USD 96.45 billion by 2034.
Through 2034, the frozen vegetable industry is anticipated to evolve at a 6.0% CAGR.
From 2019 to 2023, the frozen vegetable market exhibited a 5.6% CAGR.
The broccoli and cauliflowers sector is projected to garner a market share of 17.7% in 2024.
An 83.5% market share is expected for the conventional sector in 2024.
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Frozen Vegetable Market
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