Frozen Vegetables Market Competitive Research, Demand and Precise Outlook 2021-2030

The Global Frozen Vegetables Market size is estimated to be USD 29.07 billion in 2019 and is predicted to reach USD 48.69 billion by 2030 with a CAGR of 4.8% from 2020-2030.

Frozen Vegetables are the products which are stored at very low temperature and can be used at any time. Freezing of the vegetables helps to maintain the nutritional value of vegetables and also helps in preservation for long time. Preservation of vegetables by freezing reduces the oxidation process and can be used for commercial and domestic level. There are different varieties of vegetable that can be stored by freezing and large volume can be stored.

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Top Companies: General Mills Inc., Aryzta AG, Ajinomoto Co. Inc., Kraft Foods Group Inc., Europastry S.A., Cargill Incorporated, JBS S.A., Flower Foods, Nestle S.A., Europastry S.A., Kellogg Company, Heinz company and others.

Market Dynamics and Trends

There has been tremendous growth in the food industry coupled with changing food habits over the period of time. Moreover, increase in developed infrastructure and technological advancement, increased demand of convenience food is also expected to further drive the growth of frozen vegetables market.

The other factors include changing lifestyle coupled with increase in quick service restraunts and increased demand of season vegetable all around the year are also expected to further promote the market growth. However, lack of awareness among consumer coupled with lack of proper refrigeration facilities in semi-urban and rural areas are adversely affects the growth of frozen vegetable market. Furthermore, increasing investments with better storage are further expected to create ample opportunities in the frozen vegetables market in the near future.

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Market Segmentations and Scope of the Study:

The global frozen vegetables market share is analyzed on the basis of product, end user, distribution channel and geography. On the basis of product, the market is segmented into Asparagus, Broccoli, Green Peas, Mushrooms, Spinach, Corn, Green Beans, and Others. On the basis of end user, the market is divided into Food Service Industry and Retail Customers. Based on distribution channel, the market is further fragmented into Discounters, Supermarkets/Hypermarkets, and Others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America is expected to dominate the frozen vegetables market in terms of market share owing to the increased demand of convenience food with rapid growth in the food industry. Moreover, increase in technological advancement and development of infrastructure is also expected further drive the market growth.

Asia Pacific is further expected to grow rapidly owing to the increase in disposable income coupled with increase in quick service restraunts. Moreover, increased demand of season vegetable all around the year with changing food habits and lifestyle is expected to enhance the growth of frozen vegetable market.

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