Global Processed Vegetable Market 2024-2028
Technavio has been monitoring the processed vegetable market and is forecast to grow by USD 89.9 bn during 2023-2028, accelerating at a CAGR of 11.04% during the forecast period. Our report on the processed vegetable market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for processed vegetables, strong distribution network between processed vegetable manufacturers and retailers, and health benefits associated with intake of minimally processed vegetables.
Technavio's processed vegetable market is segmented as below:
By Product
- Canned vegetables
- Frozen vegetables
- Fresh-cut vegetables
By Distribution Channel
- Hypermarkets and supermarkets
- Independent retailers and convenience store
- Speciality food stores
- Online retailers
By Geography
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the processed vegetable manufacturers and distributors venturing into private-label marketplace as one of the prime reasons driving the processed vegetable market growth during the next few years. Also, increased offerings of processed vegetable under halal category and increasing online presence of processed vegetable vendors will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the processed vegetable market covers the following areas:
- Processed vegetable market sizing
- Processed vegetable market forecast
- Processed vegetable market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading processed vegetable market vendors that include Amazon.com Inc., Archer Daniels Midland Co., Ardo Coordination Center NV, B and G Foods Inc., Charoen Pokphand Foods PCL, Conagra Brands Inc., Cooperatie Koninklijke Cosun UA, Dole plc, Farmers Market Foods Inc., J.D. Irving Ltd., Libbys Brand Holding, Mitsubishi Corp., Ninos Fresh Cut Fruit and Veg LLC, NutriAsia Inc., Del Monte Pacific Ltd., Seneca Foods Corp., Smith Frozen Foods Inc., Sprouts Farmers Market Inc., Sysco Corp., and The Fresh Gourmet Co.. Also, the processed vegetable market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.