Page Updated:
Mar 2021
The frozen vegetables market in Asia-Pacific was valued at US$ 4,480.30 million in 2019 and is projected to reach US$ 6,596.56 million by 2027; it is expected to grow at a CAGR of 5.0% from 2019 to 2027.
The Asia-Pacific frozen vegetables market, by country, has been sub-segmented into China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific. The expansion of quick service restaurants is boosting the growth of the market. The fast-food and quick-service restaurants have now become the need of the hour for the consumers. These restaurants basically provide mass-produced foods that have been attracting an increasing number of people to these restaurants. These restaurants are becoming more and more popular due to the convenience they provide, good taste of the food, and also they are economical in terms of money and time. Growth of fast food and quick service restaurants is on a rise as they cater to changing consumer preferences. Consumers desire convenience and quick service while dining in such restaurants. Quick service restaurants cater to the need of the consumers as they offer to sit and dine along with numerous services such as drive-thru, takeout, home delivery, etc. which suits the modern lifestyle of the consumers. Due to the growth and expansion of these quick-service restaurants or QSR’s, the demand for frozen vegetables has also increased. Frozen vegetables are witnessing increasing from the QSR’s as they require less preparation time and are easy to use. This helps the QSRs to provide the consumers with their food quickly, which is basically the main strength of a quick-service restaurant. As the COVID 19 pandemic continues to grow, it has hampered the frozen vegetables market in Asia-Pacific. The Asia-Pacific region is hugely affected by a coronavirus, owing to a massive number of cases in China, the country is the most crucial manufacturer and industrial producer since it trades more manufacturing goods than any other country in the globe; it is also a world leader in several types of goods.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia-Pacific frozen vegetables market. The Asia-Pacific frozen vegetables market is expected to grow at a good CAGR during the forecast period.
Asia-Pacific Frozen Vegetables Market Revenue and Forecast to 2027 (US$ Million)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Asia-Pacific Frozen Vegetables Market Segmentation
Asia-Pacific Frozen Vegetables Market, by Type
- Potato
- Green Peas
- Spinach
- Mushrooms
- Corn
- Mixed Vegetables
- Broccoli
- Carrot
- Others
Asia-Pacific Frozen Vegetables Market, by End User
- Foodservice
- Food Retail
Asia-Pacific Frozen Vegetables Market, by Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Asia Pacific Frozen Vegetables Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 4,480.30 Million |
| Market Size by 2027 | US$ 6,596.56 Million |
| CAGR (2019 - 2027) | 5.0% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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