Frozen Vegetables Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Corn Cob, Corn Kernels/Sweet Corn, Green Peas, Baby Corn, Carrot, Cauliflower, Green Beans, Spinach, Broccoli, Onions, Brussel Sprouts, Mixed Vegetables, and Others), Category (Organic and Conventional), End User (Food Processing, Food Retail, and Foodservice), and Geography
The frozen vegetables market size is projected to reach US$ 32.27 billion in 2023 and is expected to reach US$ 46.05 billion by 2031; it is estimated to register a CAGR of 4.5% from 2023 to 2031.
Frozen vegetables are a versatile and convenient food option that benefits the foodservice sector. Popular restaurant chains specializing in multiple traditional cuisines, such as McDonald's, Subway, Starbucks, Burger King, Wendy's, and Taco Bell, and international chains operating in North America rely on frozen produce to enhance the flavor and broaden the variety of their dishes. By utilizing frozen ingredients, restaurants can save preparation time, minimize food waste, and maintain consistent quality, especially during peak dining hours.
However, seasonality, transportation issues, and storage constraints are a few factors that lead to supply chain challenges in the frozen vegetables market. Fluctuations in harvest seasons due to climate changes can result in imbalances in supply and demand for frozen produce. For instance, adverse weather conditions or crop failures in a region can limit the availability of certain vegetables, causing price fluctuations and supply chain disruptions in the market. In the underdeveloped and developing regions, the logistical challenges such as inadequate infrastructure and transportation networks can hinder the efficient movement of frozen products from farms to processing facilities and distribution centers.
In terms of type, the market is segmented into corn cob, corn kernels, green peas, baby corn, carrot, cauliflower, green beans, spinach, broccoli, onions, brussels sprouts, mixed vegetables, and others. The green peas segment held a significant frozen vegetables market share in 2023. Frozen green peas are preserved to maintain their freshness and nutritional value. Frozen green peas are convenient ingredients used in various dishes, such as soups, stews, curries, and salads. The nutritional value of green peas consists of fiber, protein, sodium, and potassium. The shelf life of frozen peas is around 6 - 8 months. The technology used to preserve frozen peas is known as quick frozen technology (IQF). Frozen green peas are easy to digest due to their premature harvesting. The benefits of frozen green peas, such as those rich in vitamins A, D, E, and K; minerals; and antioxidants, make it a highly preferable option in food.
A few players operating in the frozen vegetables market General Mills Inc, Bonduelle SA, McCain Foods Ltd, Grupo Virto, La Fe Foods, Alasko Food Inc., Dawtona Frozen, Ardo Foods NV, Seneca Foods Corp, Goya Foods Inc, Mondial Foods BV, Simplot Global Food, Hanover Foods, B&G Foods, and Mother Dairy Fruit & Vegetable Pvt. Ltd among others. Players operating in the frozen vegetables market focus on providing innovative and healthy products at affordable prices to fulfill customer demand.
The overall frozen vegetables market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the frozen vegetables market.
Reason to buyProgressive industry trends in the frozen vegetables market to help players develop effective long-term strategies
Business growth strategies adopted by developed and developing markets
Quantitative analysis of the frozen vegetables market from 2021 to 2031
Estimation of the demand for frozen vegetables across various countries
Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
Recent developments to understand the competitive market scenario and the demand for frozen vegetables across the globe
Market trends and outlook coupled with factors driving and restraining the growth of the frozen vegetables market.
Decision-making process by understanding strategies that underpin commercial interest concerning the global frozen vegetables market growth
The global frozen vegetables market size at various nodes of market
Detailed overview and segmentation of the frozen vegetables market as well as its dynamics in the industry
The frozen vegetables market size in different countries with promising growth opportunities