Fresh Vegetables Market Size, Share & Trends Analysis Report By Product (Tomato, Onion, Cabbage, Cucumber, Eggplant, Beans, Carrot), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2022 - 2028
Fresh Vegetables Market Growth & Trends
The global fresh vegetables market size is expected to reach USD 769.90 billion by 2028, registering a CAGR of 2.8% from 2022
to 2028, according to a new report by Grand View Research, Inc. The growing consumer expenditure on fresh food products like
vegetables is expected to promote market growth over the forecast period. Moreover, the increasing awareness about the
benefits of fresh vegetables among consumers is propelling the market growth.
Moreover, restrictions and lockdown situation has been observed during the COVID-19 pandemic, and it showed an impact on the
market due to the suspended or delayed supply of vegetables to market. However, it significantly impacts on export and import
of fresh vegetables. Moreover, the increasing demand for fresh products post lockdown situation of the pandemic will create
more opportunities for the market players.
The onion segment is expected to grow with the fastest growth rate of 3.4% from 2022 to 2028. Continuous changing lifestyles
and eating preferences as per weather seasons of the consumers, and demand for change of taste, have increased the demand and
consumption of fresh onions. Fresh vegetables contain important and convenient nutritious ingredients and vitamins which play
important roles in metabolism. Thus, vendors making fresh vegetables available for consumers through retail channels are
driving the growth of the market. Moreover, the growing popularity and demand for fresh food coupled with the increasing
disposable income of the consumers are the significant factors of the market growth.
The online segment of the market is expected to register the fastest growth rate of a CAGR of 3.4% from 2022 to 2028.
Availability of high-speed Internet penetration in developing as well as developed countries has witnessed lucrative growth
in recent years which has led to the significant growth of the e-commerce sector across the globe, thereby propelling the
growth of this segment. Additionally, consumers are adopting electronic devices for convenience and time-saving. Several
suppliers are offering products on their websites as well as on the e-commerce platforms which in turn will drive the market
growth.
Asia Pacific made the largest contribution to the global market share with over 65% in 2021. China, India, and Japan have a
huge consumer base for the consumption of fresh vegetables, which will drive the regional demand. In addition to this, the
region is the largest producer and consumer the fresh vegetables which is propelling the market growth. Moreover, this region
is expected to continue its dominance over the forecast period due to the increasing concern about health and the rising
disposable income.
Fresh Vegetables Market Report Highlights
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