Global Frozen Vegetables Market, By Product (Asparagus, Broccoli, Green Peas, Mushrooms, Spinach, Corn, Green Beans, and Others), By End User (Food Service Industry, and Retail Customers), By Distribution Channel (Discounters, Supermarkets/Hypermarkets, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Report Code: PMI410820 | Publish Date: May 2023 | No. of Pages: 156

Global Frozen Vegetables Market By Overview

Introduction:

Frozen vegetables are products that can be stored and used over a long period. Freezing helps to retain the essential nutrients in vegetables, such as carotenes, which are essential to synthesize vitamin A in the body. Also, to avoid food wastage, meet the needs of the rising population, and keep the food businesses competitive & profitable, preservation of food by freezing is adopted by various food manufacturers.

Drivers and Restraints:

Increase in demand and consumption of frozen foods in the emerging markets has significantly fueled the growth of the global frozen food market. The availability of frozen vegetables during the off-season is one of the critical factors that will trigger the growth of the global market during the forecast period. Rise in disposable income and change in lifestyle & food habits further boost the target market growth. Moreover, the rapid increase in the number of large retail chains, including hypermarkets and supermarkets, propels the demand for frozen vegetables. With busy schedules and the increase in the number of working women, the preference for convenient food products, including frozen vegetables, is increasing. Growing demand from the food and beverages sector will enhance the growth of the frozen vegetable market. The process of freezing vegetables is cost-effective and economical and thus, the global market will witness high demand during the forecast period. The frozen vegetable market is witnessing several technological innovations including dehydrofreezing, individually quick-freezing (IQF), blast freezing, belt-tunnel freezing, plate freezing, cryogenic freezing, and fluidized-bed freezing. These technological developments will significantly impact the growth of the frozen vegetable market size. The growth of the restaurant and foodservice industry will be a significant factor fueling frozen vegetables market growth. This ease of purchase adds to the popularity of others segment and act as a driver for the global frozen vegetable market. However, consumer perception about low nutritional content in frozen foods and lack of proper refrigeration facilities in semi-urban & rural areas restrain the growth of the target market. On the contrary, advancements in freezing technologies are expected to provide lucrative opportunities for the frozen vegetable market growth.

Segmentation:

The global frozen vegetable market is segmented based on the product, end-user, distribution channel, and region.

Based on product, the global frozen vegetable market is segmented into the asparagus, broccoli, green peas, mushrooms, spinach, corn, green beans, and others. The corn segment had the highest share in the frozen vegetable industry owing to the easy availability of corn all over the world and high application of corn and corn-based food items in quick-service restaurants and food outlets.  Based on the end-user, the target market is segmented into the foodservice industry and retail customers. The retail customer had the highest share in the end-user segment in the frozen vegetable market. This was due to the factor of immediate gratification and the option of the trail before purchase. Based on the distribution channel, the target market is bifurcated into discounters, supermarkets/hypermarkets, and others. The hypermarkets and supermarkets segment will account for the largest frozen vegetables market share. The growth in organized retail and the increasing number of hypermarkets and supermarkets are some of the significant factors driving frozen vegetables market growth in this segment. The supermarket/ hypermarket dominated the distribution channel segment in the frozen vegetable market because these retail formats provide an augmented shopping experience.

Based on the region the global frozen vegetable market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Europe and North America have been the conventional regional leaders in the global market. The demand for these vegetables is likely to remain high in these regions, maintaining their supremacy over other regional markets in the years to come.  However, Asia – Pacific (APAC) region is estimated to grow at a higher CAGR owing to the rising population and increasing disposable incomes. The APAC region has been a traditional user of fresh vegetables but owing to the changing lifestyle; people are switching to frozen and packaged food products.

Key Players:                                                                                                  

The key players operating the global frozen vegetable market involves Cargill Incorporated, Cullise, Bondulle Group, Mackintosh of Glendaveny, Ola Oils, Pacific Coast Canola, RISOIL S.A., ConAgra Foods Inc., Yorkshire Frozen Vegetable, and The Archer Daniels Midland Company. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market. For instance, in June 2019, the Bonduelle Group has recently entered into an acquisition agreement with the LLC SHOCK frozen vegetable production firm.

Detailed Segmentation:

Global Frozen Vegetables Market, By Product:

  • Asparagus
  • Broccoli
  • Green Peas
  • Mushrooms
  • Spinach
  • Corn
  • Green Beans
  • Others

Global Frozen Vegetables Market, By End User:

  • Food Service Industry
  • Retail Customers

Global Frozen Vegetables Market, By Distribution Channel:

  • Discounters
  • Supermarkets/Hypermarkets
  • Others

Global Frozen Vegetables Market, By Region:

      • North America
        • North America Frozen Vegetables Market, By Product
        • North America Frozen Vegetables Market, By End User
        • North America Frozen Vegetables Market, By Distribution Channel
        • North America Frozen Vegetables Market, By Country
          • U.S.
          • Canada
      • Europe
        • Europe Frozen Vegetables Market, By Product
        • Europe Frozen Vegetables Market, By End User
        • Europe Frozen Vegetables Market, By Distribution Channel
        • Europe Frozen Vegetables Market, By Country
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
        • Asia Pacific Frozen Vegetables Market, By Product
        • Asia Pacific Frozen Vegetables Market, By End User
        • Asia Pacific Frozen Vegetables Market, By Distribution Channel
        • Asia Pacific Frozen Vegetables Market, By Country
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
        • Latin America Frozen Vegetables Market, By Product
        • Latin America Frozen Vegetables Market, By End User
        • Latin America Frozen Vegetables Market, By Distribution Channel
        • Latin America Frozen Vegetables Market, By Country
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
        • Middle East & Africa Frozen Vegetables Market, By Product
        • Middle East & Africa Frozen Vegetables Market, By End User
        • Middle East & Africa Frozen Vegetables Market, By Distribution Channel
        • Middle East & Africa Frozen Vegetables Market, By Country
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Company Profile:

      • Cargill Incorporated
        • Company Overview 
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Business Strategies
  • Cullise
  • Bondulle Group
  • Mackintosh of Glendaveny
  • Ola Oils
  • Pacific Coast Canola
  • RISOIL S.A.
  • ConAgra Foods Inc.
  • Yorkshire Frozen Vegetable
  • The Archer Daniels Midland Company

 “*” marked represents similar segmentation in other categories in the respective section

Global Frozen Vegetables Market By Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Industry Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Frozen Vegetables Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product
      • Market Snippet, By End User
      • Market Snippet, By Distribution Channel
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Frozen Vegetables Market, By Product, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Asparagus
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Broccoli
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Green Peas
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Mushrooms
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Spinach
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Corn
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Green Beans
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Frozen Vegetables Market, By End User, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Food Service Industry
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Retail Customers
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  7. Global Frozen Vegetables Market, By Distribution Channel, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Discounters
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Supermarkets/Hypermarkets
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  8. Global Frozen Vegetables Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  10. Company Profiles
      • Cargill Incorporated
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategies
      • Cullise
      • Bondulle Group
      • Mackintosh of Glendaveny
      • Ola Oils
      • Pacific Coast Canola
      • RISOIL S.A.
      • ConAgra Foods Inc.
      • Yorkshire Frozen Vegetable
      • The Archer Daniels Midland Company
  11. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The research report on the Frozen Vegetables Market provides a comprehensive analysis of the market's scope, covering key aspects such as product types, market trends, and factors influencing the frozen vegetables industry.

Various factors, including the increasing demand for convenient and long-lasting food options, the growing awareness of the nutritional benefits of frozen vegetables, and advancements in freezing technologies, are driving the growth of the Frozen Vegetables Market.

The Frozen Vegetables Market faces challenges such as concerns related to the loss of certain nutrients during the freezing process, the impact of environmental conditions on freezing efficiency, and competition from fresh vegetables, which act as restraints on its global expansion.

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is estimated to witness a significantly high revenue share over the forecast period.

The key players operating in the target market include Cullisse, Bondulle Group, Mackintosh of Glendaveny, Ola Oils, Pacific Coast Canola, RISOIL S.A., ConAgra Foods Inc., Yorkshire Frozen Vegetable, and The Archer Daniels Midland Company.