[Research Report] The frozen vegetables market was valued at US$ 18,182.86 million in 2019 and is predicted to reach US$ 25,381.14 million by 2027. It is expected to grow at a CAGR of 4.3% from 2019 to 2027.
The global frozen vegetables market is expected to register a growth rate of 4.3% during 2020–2027. The market growth can be attributed to the growing number of fast food restaurants and increasing demand for convenience food. However, the surging demand for fresh food products, especially in the developed nations, is restraining the market growth. Hike in consumption of organic frozen vegetables is expected to render growth opportunities to the vendors active in the global frozen vegetables market.
The global frozen vegetables market in Asia-Pacific is expected to witness the highest CAGR during the forecast period. The rapid growth in the frozen vegetables market in the Asia-Pacific is attributed to the ever-increasing disposable income of the middle-income group population. Consumers in the region are willing to pay higher prices for food products, such as frozen vegetables. Changing customer-purchasing patterns and growing urban population, as well as the availability of an extensive range of frozen vegetables products bolster the growth of the frozen vegetables market in the region. In addition, the growing demand for frozen vegetables in the healthy meal category due to the rising preference for convenience food is projected to propel the market growth over the forecast period. The changing dietary patterns and rising demand for highly nutritional products play a significant role in the increasing demand for frozen vegetables in APAC. Moreover, an increasing population in emerging economies such as India, China, and Japan provides a wide consumer base for the frozen vegetables market in the region. Consumers in developed and emerging Asian countries, such as Australia, China, and India, are engaged in their professional lives; hence, they are increasingly shifting their preference to convenience food, which reduces their cooking time and provides them with nutritious foods.
Impact of COVID-19 Pandemic on Frozen Vegetables Market
The COVID-19 outbreak was first reported in Wuhan (China) during December 2019. As of February 2021, China, India, Russia, Italy, Iran, Spain, Republic of Korea, France, Germany, and the US are among the worst affected countries in terms confirmed cases and reported deaths. The outbreak is adversely affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global food processing industry is one of the major industries that are suffering serious disruptions such as factories shutdown, supply chain breaks, technology events cancellations, and office shutdowns. The shutting down of factories, machineries, and the unexpected break down of supply chain or distribution network is further impacting in the growth of frozen vegetables market.
Geographic Overview of Frozen Vegetables Market
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Market Insights
Expansion of Quick Service Restaurants
The fast-food and quick-service restaurants (QSRs) have now become the need of an hour for the consumers. These restaurants are becoming more and more popular as they provide convenience and mass-produced food items with good taste, as well as they are economical in terms of money and time. Growth of fast food and QSRs is on a rise as they cater to changing consumer preferences. Consumers desire convenience and quick service while dining in such restaurants. QSRs cater to the need of the consumers as they offer to sit and dine along with numerous services such as drive-thru, takeout, and home delivery, which suits the modern lifestyle of the consumers. Frozen vegetable require less preparation time and are easy to use. Use of frozen vegetables helps QSRs provide food quickly to their consumers, which is basically the main strength of a quick-service restaurant. Due to the growth and expansion of these QSRs, frozen vegetables are witnessing increasing demand.
End User Insights
The frozen vegetables market, based on end-user, is bifurcated into foodservice and food retail. The food retail segment accounted for a larger share in the market in 2019, and the foodservice segment is expected to register a higher CAGR during the forecast period. Consumption of frozen vegetables is now increasing rapidly in households. Frozen vegetables are considered as a convenient food and are used by retail consumers due to their short preparation time and ease of cooking. There is an increase in the working population of women, and these women need food products that require less preparation time. Therefore, the demand for convenient food such as frozen vegetables and mixed vegetables is on a rise in the household sector. Consumers also purchase frozen vegetables because it provides nutrition along with delicious taste. In addition, the increasing number of supermarkets & hypermarkets, convenience stores, and specialty stores for vegetables is driving the market growth. Rising online retailing with advanced freezing technology is further contributing to the market growth through the food retail segment.
Global Frozen Vegetables Market, by End User – 2019 & 2027
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Type Insights
Based on type, the frozen vegetables market is segmented into potato, green peas, spinach, mushrooms, corn, mixed vegetables, broccoli, carrot, and others. The mixed vegetables segment accounted for the largest share in the market in 2019, and the corn segment is expected to register the highest CAGR during the forecast period. Mixed vegetables are mainly ready-to-use combination of cut vegetables. These vegetables can be chopped, sliced, cubed, and diced. Mostly, the combination of mixed vegetables comprises cauliflower, cabbage, carrots, French beans, broccoli, and green peas. There is no burden of peeling, washing, and cutting in case of picking up frozen mixed vegetables from stores. Also, they are very convenient to cook within a short period; therefore frozen mixed veggies have significant demand among consumers.
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Frozen Vegetables Market: Strategic Insights
Market Size Value in US$ 18,182.86 Million in 2019 Market Size Value by US$ 25,381.14 Million by 2027 Growth rate CAGR of 4.3% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Frozen Vegetables Market: Strategic Insights
| Market Size Value in | US$ 18,182.86 Million in 2019 |
| Market Size Value by | US$ 25,381.14 Million by 2027 |
| Growth rate | CAGR of 4.3% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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The players operating in the frozen vegetables market such as—Conagra Brands, Inc. and Goya Foods Inc.—are implementing mergers and acquisitions and research & development strategies to enlarge their customer base and to gain significant market share across the world, which also permits them to maintain their brand name globally. For instance, in 2019, Birds Eye of Conagra Brands, Inc. introduced vegetable-forward takes on family favorite meals, which substitute pasta and rice for pasta made from zucchini and lentil, along with riced cauliflower. These dishes, including Chicken Alfredo Pasta, Three Cheese Ziti, Cheddar Mac & Cheese, and Cheesy Chicken & Broccoli, mainly aim to fit a low carb lifestyle & increase vegetable servings, all without sacrificing the flavor of popular meals.
Report Spotlights
- Progressive industry trends in the global frozen vegetables market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the global frozen vegetables market from 2017 to 2027
- Estimation of global frozen vegetables demand across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to understand the competitive market scenario and global frozen vegetables demand
- Market trends and outlook coupled with factors driving and restraining the growth of the global frozen vegetables market
- Decision-making process by understanding strategies that underpin commercial interest with regard to global frozen vegetables market growth
- Global frozen vegetables market size at various nodes of market
- Detailed overview and segmentation of the global frozen vegetables market, as well as its dynamics in the industry
- Global frozen vegetables market size in various regions with promising growth opportunities
Frozen Vegetables Market – by Type
- Potato
- Green Peas
- Spinach
- Mushrooms
- Corn
- Mixed Vegetables
- Broccoli
- Carrot
- Others
Frozen Vegetables Market – by End User
- Foodservice
- Food Retail
Company Profiles
- Conagra Brands Inc.
- Goya Foods, Inc.
- B&G Foods, Inc.
- Bhanu Farms
- Cascadian Farm Organic
- Foodnet Ltd
- CROP’S UK
- Bonduelle
- Nature’s Garden
- Ardo
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Among the nine segments of type, mixed vegetables segment led the market in 2019. Mixed vegetables mainly refer to the ready-to-use combination of cut vegetables. The vegetables can be chopped, sliced, cubed, and diced. The typical vegetables included in the mixed vegetables are cauliflower, cabbage, carrots, French beans, broccoli, and green peas. Frozen mixed veggies have significant demand among consumers since it is very convenient to cook and eat cut vegetables within a short period. There is no burden of peeling, washing, and cutting in case of picking up frozen mixed vegetables from stores.
The major players operating in the global frozen vegetables market are Conagra Brands Inc., Goya Foods, Inc., B&G Foods, Inc., Bhanu Farms, Cascadian Farm Organic, Foodnet Ltd, CROP’S UK, Bonduelle, Nature’s Garden, Ardo, and many others.
In 2019, the frozen vegetables market was predominant by Europe at the global level. Rapid rise in population along with increase in disposable income, busy lifestyles and changing working demographics have propelled the growth of the frozen vegetables market in the region. The growth of frozen vegetables is also driven by changes in the consumption patterns of the European consumers, including ‘ready to eat’ and ‘easy to prepare’ meals, along with the replacement of animal-based products with plant-based alternatives.
1. Introduction. 19
1.1 Study Scope. 19
1.2 The Insight Partners Research Report Guidance. 19
1.3 Market Segmentation. 20
2. Key Takeaways. 22
3. Research Methodology. 26
3.1 Scope of the Study. 26
3.2 Research Methodology. 26
3.2.1 Data Collection: 27
3.2.2 Primary Interviews: 27
3.2.3 Hypothesis Formulation: 27
3.2.4 Macro-economic Factor Analysis: 27
3.2.5 Developing Base Number: 28
3.2.6 Data Triangulation: 28
3.2.7 Country Level Data: 28
4. Global Frozen Vegetables Market Landscape. 29
4.1 Market Overview.. 29
4.2 PEST Analysis. 30
4.2.1 North America. 30
4.2.2 Europe. 30
4.2.3 APAC.. 31
4.2.4 MEA. 31
4.2.5 SAM... 32
4.3 Expert Opinion. 32
5. Frozen Vegetables Market – Key Market Dynamics. 33
5.1 Market Drivers. 33
5.1.1 Expansion of Quick Service Restaurants. 33
5.1.2 Rising Demand for Convenience Food. 33
5.2 Market Restraint 34
5.2.1 Rising Preference for Fresh and Natural Products. 34
5.3 Market Opportunities. 34
5.3.1 Increasing Demand from Asia-Pacific. 34
5.4 Future Trends. 34
5.4.1 Use of Innovative Technologies. 34
5.5 Impact Analysis of Drivers and Restraints. 35
6. Frozen Vegetables – Global Market Analysis. 36
6.1 Frozen Vegetables Market Overview.. 36
6.2 Frozen Vegetables Market –Revenue And Forecast To 2027 (US$ Million) 37
6.3 Competitive Positioning – Key Market Players. 38
7. Frozen Vegetables Market Analysis – By Type. 39
7.1 Overview.. 39
7.2 Frozen Vegetables Market, By Type (2019 and 2027) 39
7.3 Potato. 40
7.3.1 Overview.. 40
7.3.2 Potato: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn) 40
7.4 Green Peas. 41
7.4.1 Overview.. 41
7.4.2 Green Peas: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn) 41
7.5 Spinach. 42
7.5.1 Overview.. 42
7.5.2 Spinach: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn) 42
7.6 Mushrooms. 43
7.6.1 Overview.. 43
7.6.2 Mushrooms: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn) 43
7.7 Corn. 44
7.7.1 Overview.. 44
7.7.2 Corn: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn) 44
7.8 Mixed Vegetables. 45
7.8.1 Overview.. 45
7.8.2 Mixed Vegetables: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn) 45
7.9 Broccoli 46
7.9.1 Overview.. 46
7.9.2 Broccoli: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn) 46
7.10 Carrots. 47
7.10.1 Overview.. 47
7.10.2 Carrots: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn) 47
7.11 Others. 48
7.11.1 Overview.. 48
7.11.2 Others: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn) 48
8. Frozen Vegetables Market Analysis – By End User 49
8.1 Overview.. 49
8.2 Frozen Vegetables Market, By End User (2019 and 2027) 49
8.3 Foodservice. 50
8.3.1 Overview.. 50
8.3.2 Foodservice: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn) 50
8.4 Food Retail 51
8.4.1 Overview.. 51
8.4.2 Food Retail: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn) 51
9. Frozen Vegetables Market – Geographic Analysis. 52
9.1 Overview.. 52
9.2 North America: Frozen Vegetables Market 53
9.2.1 North America: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Million) 53
9.2.2 North America: Frozen Vegetables Market, by Type. 54
9.2.3 North America: Frozen Vegetables Market, by End User 55
9.2.4 North America: Frozen Vegetables Market, by Key Country. 56
9.2.4.1 US: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 56
9.2.4.1.1 US: Frozen Vegetables Market, by Type. 57
9.2.4.1.2 US: Frozen Vegetables Market, by End User 57
9.2.4.2 Canada: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 58
9.2.4.2.1 Canada: Frozen Vegetables Market, by Type. 59
9.2.4.2.2 Canada: Frozen Vegetables Market, by End User 59
9.2.4.3 Mexico: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 60
9.2.4.3.1 Mexico: Frozen Vegetables Market, by Type. 61
9.2.4.3.2 Mexico: Frozen Vegetables Market, by End User 61
9.3 Europe: Frozen Vegetables Market 62
9.3.1 Europe: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Million) 63
9.3.2 Europe: Frozen Vegetables Market, by Type. 64
9.3.3 Europe: Frozen Vegetables Market, by End User 65
9.3.4 Europe: Frozen Vegetables Market, by Key Country. 66
9.3.4.1 Germany: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 67
9.3.4.1.1 Germany: Frozen Vegetables Market, by Type. 68
9.3.4.1.2 Germany: Frozen Vegetables Market, by End User 68
9.3.4.2 France: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 69
9.3.4.2.1 France: Frozen Vegetables Market, by Type. 70
9.3.4.2.2 France: Frozen Vegetables Market, by End User 70
9.3.4.3 Italy: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 71
9.3.4.3.1 Italy: Frozen Vegetables Market, by Type. 72
9.3.4.3.2 Italy: Frozen Vegetables Market, by End User 72
9.3.4.4 United Kingdom: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 73
9.3.4.4.1 United Kingdom: Frozen Vegetables Market, by Type. 74
9.3.4.4.2 United Kingdom: Frozen Vegetables Market, by End User 74
9.3.4.5 Russia: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 75
9.3.4.5.1 Russia: Frozen Vegetables Market, by Type. 76
9.3.4.5.2 Russia: Frozen Vegetables Market, by End User 76
9.3.4.6 Rest of Europe: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 77
9.3.4.6.1 Rest of Europe: Frozen Vegetables Market, by Type. 78
9.3.4.6.2 Rest of Europe: Frozen Vegetables Market, by End User 78
9.4 APAC: Frozen Vegetables Market 79
9.4.1 APAC: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Million) 79
9.4.2 APAC: Frozen Vegetables Market, by Type. 80
9.4.3 APAC: Frozen Vegetables Market, by End User 81
9.4.4 APAC: Frozen Vegetables Market, by Key Country. 82
9.4.4.1 Australia: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 82
9.4.4.1.1 Australia: Frozen Vegetables Market, by Type. 83
9.4.4.1.2 Australia: Frozen Vegetables Market, by End User 83
9.4.4.2 China: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 84
9.4.4.2.1 China: Frozen Vegetables Market, by Type. 85
9.4.4.2.2 China: Frozen Vegetables Market, by End User 85
9.4.4.3 India: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 86
9.4.4.3.1 India: Frozen Vegetables Market, by Type. 87
9.4.4.3.2 India: Frozen Vegetables Market, by End User 87
9.4.4.4 Japan: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 88
9.4.4.4.1 Japan: Frozen Vegetables Market, by Type. 88
9.4.4.4.2 Japan: Frozen Vegetables Market, by End User 89
9.4.4.5 South Korea: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 90
9.4.4.5.1 South Korea: Frozen Vegetables Market, by Type. 91
9.4.4.5.2 South Korea: Frozen Vegetables Market, by End User 91
9.4.4.6 Rest of APAC: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 92
9.4.4.6.1 Rest of APAC: Frozen Vegetables Market, by Type. 92
9.4.4.6.2 Rest of APAC: Frozen Vegetables Market, by End User 93
9.5 MEA: Frozen Vegetables Market 94
9.5.1 MEA: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Million) 94
9.5.2 MEA: Frozen Vegetables Market, by Type. 95
9.5.3 MEA: Frozen Vegetables Market, by End User 96
9.5.4 MEA: Frozen Vegetables Market, by Key Country. 97
9.5.4.1 South Africa: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 97
9.5.4.1.1 South Africa: Frozen Vegetables Market, by Type. 98
9.5.4.1.2 South Africa: Frozen Vegetables Market, by End User 98
9.5.4.2 Saudi Arabia: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 99
9.5.4.2.1 Saudi Arabia: Frozen Vegetables Market, by Type. 100
9.5.4.2.2 Saudi Arabia: Frozen Vegetables Market, by End User 100
9.5.4.3 UAE: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 101
9.5.4.3.1 UAE: Frozen Vegetables Market, by Type. 102
9.5.4.3.2 UAE: Frozen Vegetables Market, by End User 102
9.5.4.4 Rest of MEA: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 103
9.5.4.4.1 Rest of MEA: Frozen Vegetables Market, by Type. 103
9.5.4.4.2 Rest of MEA: Frozen Vegetables Market, by End User 104
9.6 South America: Frozen Vegetables Market 105
9.6.1 South America: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Million) 105
9.6.2 South America: Frozen Vegetables Market, by Type. 106
9.6.3 South America: Frozen Vegetables Market, by End User 107
9.6.4 South America: Frozen Vegetables Market, by Key Country. 108
9.6.4.1 Brazil: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 108
9.6.4.1.1 Brazil: Frozen Vegetables Market, by Type. 109
9.6.4.1.2 Brazil: Frozen Vegetables Market, by End User 109
9.6.4.2 Argentina: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 110
9.6.4.2.1 Argentina: Frozen Vegetables Market, by Type. 111
9.6.4.2.2 Argentina: Frozen Vegetables Market, by End User 111
9.6.4.3 Rest of South America: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 112
9.6.4.3.1 Rest of South America: Frozen Vegetables Market, by Type. 113
9.6.4.3.2 Rest of South America: Frozen Vegetables Market, by End User 113
10. Overview- Impact of Coronavirus Outbreak. 114
10.1 Overview.. 114
10.2 North America: Impact Assessment of COVID-19 Pandemic. 114
10.3 Europe: Impact assessment of COVID-19 Pandemic. 115
10.4 Asia-Pacific: Impact assessment of COVID-19 Pandemic. 116
10.5 Middle East and Africa: Impact assessment of COVID-19 Pandemic. 117
10.6 South America: Impact assessment of COVID-19 Pandemic. 118
11. Industry Landscape. 119
11.1 Merger and Acquisition. 119
11.2 Product News. 119
12. Key Company Profiles. 120
12.1 Conagra Brands Inc. 120
12.1.1 Key Facts. 120
12.1.2 Business Description. 120
12.1.3 Products and Services. 120
12.1.4 Financial Overview.. 121
12.1.5 SWOT Analysis. 121
12.1.6 Key Developments. 122
12.2 Goya Foods Inc. 123
12.2.1 Key Facts. 123
12.2.2 Business Description. 123
12.2.3 Products and Services. 123
12.2.4 Financial Overview.. 123
12.2.5 SWOT Analysis. 124
12.2.6 Key Developments. 124
12.3 B&G Foods, Inc. 125
12.3.1 Key Facts. 125
12.3.2 Business Description. 125
12.3.3 Products and Services. 125
12.3.4 Financial Overview.. 125
12.3.5 SWOT Analysis. 126
12.4 Bhanu Farms. 127
12.4.1 Key Facts. 127
12.4.2 Business Description. 127
12.4.3 Products and Services. 127
12.4.4 Financial Overview.. 127
12.4.5 SWOT Analysis. 128
12.5 Cascadian Farm Organic. 129
12.5.1 Key Facts. 129
12.5.2 Business Description. 129
12.5.3 Products and Services. 129
12.5.4 Financial Overview.. 129
12.5.5 SWOT Analysis. 130
12.6 FOODNET LTD.. 131
12.6.1 Key Facts. 131
12.6.2 Business Description. 131
12.6.3 Products and Services. 131
12.6.4 Financial Overview.. 131
12.6.5 SWOT Analysis. 132
12.7 CROP’S UK. 133
12.7.1 Key Facts. 133
12.7.2 Business Description. 133
12.7.3 Products and Services. 133
12.7.4 Financial Overview.. 133
12.7.5 SWOT Analysis. 134
12.8 BONDUELLE. 135
12.8.1 Key Facts. 135
12.8.2 Business Description. 135
12.8.3 Products and Services. 135
12.8.4 Financial Overview.. 135
12.8.5 SWOT Analysis. 136
12.8.6 Key Developments. 136
12.9 Nature's Garden. 137
12.9.1 Key Facts. 137
12.9.2 Business Description. 137
12.9.3 Products and Services. 137
12.9.4 Financial Overview.. 137
12.9.5 SWOT Analysis. 138
12.10 Ardo. 139
12.10.1 Key Facts. 139
12.10.2 Business Description. 139
12.10.3 Products and Services. 139
12.10.4 Financial Overview.. 139
12.10.5 SWOT Analysis. 140
13. Appendix. 141
13.1 About The Insight Partners. 141
13.2 Word Index. 141
LIST OF TABLES
Table 1. Frozen vegetables Market –Revenue And Forecast To 2027 (US$ Million) 37
Table 2. North America Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 54
Table 3. North America: Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 55
Table 4. US Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 57
Table 5. Canada Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 59
Table 6. Canada Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 59
Table 7. Mexico Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 61
Table 8. Mexico Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 61
Table 9. Europe Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 64
Table 10. Europe: Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 65
Table 11. Germany Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 68
Table 12. Germany Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 68
Table 13. France Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 70
Table 14. France Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 70
Table 15. Italy Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 72
Table 16. Italy Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 72
Table 17. United Kingdom Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 74
Table 18. United Kingdom Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 74
Table 19. Russia Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 76
Table 20. Russia Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 76
Table 21. Rest of Europe Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 78
Table 22. Rest of Europe Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 78
Table 23. APAC Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 80
Table 24. APAC: Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 81
Table 25. Australia Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 83
Table 26. Australia Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 83
Table 27. China Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 85
Table 28. China Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 85
Table 29. India Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 87
Table 30. India Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 87
Table 31. Japan Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 88
Table 32. Japan Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 89
Table 33. South Korea Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 91
Table 34. South Korea Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 91
Table 35. Rest of APAC Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 92
Table 36. Rest of APAC Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 93
Table 37. MEA Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 95
Table 38. MEA: Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 96
Table 39. South Africa Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 98
Table 40. South Africa Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 98
Table 41. Saudi Arabia Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 100
Table 42. Saudi Arabia Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 100
Table 43. UAE Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 102
Table 44. UAE Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 102
Table 45. Rest of MEA Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 103
Table 46. Rest of MEA Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 104
Table 47. South America Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 106
Table 48. South America: Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 107
Table 49. Brazil Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 109
Table 50. Brazil Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 109
Table 51. Argentina Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 111
Table 52. Argentina Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 111
Table 53. Rest of South America Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million) 113
Table 54. Rest of South America Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million) 113
Table 55. List of Abbreviation. 141
LIST OF FIGURES
Figure 1. Global Frozen Vegetables Market Segmentation. 20
Figure 2. Frozen Vegetables Market Segmentation – By Geography. 21
Figure 3. Global Frozen Vegetables Market Overview.. 22
Figure 4. Mixed Vegetables Segment Held Largest Share Of Global Frozen Vegetables Market 23
Figure 5. Europe Region Held Largest Share Of Global Frozen Vegetables Market 24
Figure 6. Global Frozen Vegetables Market, Industry Landscape. 25
Figure 7. North America: PEST Analysis. 30
Figure 8. Europe: PEST Analysis. 30
Figure 9. APAC: PEST Analysis. 31
Figure 10. MEA: PEST Analysis. 31
Figure 11. SAM: PEST Analysis. 32
Figure 12. Expert Opinion. 32
Figure 13. Frozen Vegetables Market Impact Analysis of Driver and Restraints. 35
Figure 14. Geographic Overview Of Frozen Vegetables Market 36
Figure 15. Global: Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Million) 37
Figure 16. Frozen Vegetables Market Revenue Share, By Type (2019 and 2027) 39
Figure 17. Potato: Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn) 40
Figure 18. Green Peas: Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn) 41
Figure 19. Spinach: Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn) 42
Figure 20. Mushrooms: Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn) 43
Figure 21. Corn: Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn) 44
Figure 22. Mixed Vegetables: Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn) 45
Figure 23. Broccoli: Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn) 46
Figure 24. Carrots: Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn) 47
Figure 25. Others: Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn) 48
Figure 26. Frozen Vegetables Market Revenue Share, By End user (2019 and 2027) 49
Figure 27. Foodservice: Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn) 50
Figure 28. Food Retail: Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn) 51
Figure 29. Global Frozen Vegetables Market Revenue Share, by Region (2019 and 2027) 52
Figure 30. North America: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Million) 53
Figure 31. North America: Frozen Vegetables Market Revenue Share, by Type (2019 and 2027) 54
Figure 32. North America: Frozen Vegetables Market Revenue Share, by End User (2019 and 2027) 55
Figure 33. North America: Frozen Vegetables Market Revenue Share, by Key Country (2019 and 2027) 56
Figure 34. US: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 56
Figure 35. Canada: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 58
Figure 36. Mexico: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 60
Figure 37. Europe: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Million) 63
Figure 38. Europe: Frozen Vegetables Market Revenue Share, by Type (2019 and 2027) 64
Figure 39. Europe: Frozen Vegetables Market Revenue Share, by End User (2019 and 2027) 65
Figure 40. Europe: Frozen Vegetables Market Revenue Share, by Key Country (2019 and 2027) 66
Figure 41. Germany: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 67
Figure 42. France: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 69
Figure 43. Italy: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 71
Figure 44. United Kingdom: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 73
Figure 45. Russia: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 75
Figure 46. Rest of Europe: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 77
Figure 47. APAC: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Million) 79
Figure 48. APAC: Frozen Vegetables Market Revenue Share, by Type (2019 and 2027) 80
Figure 49. APAC: Frozen Vegetables Market Revenue Share, by End User (2019 and 2027) 81
Figure 50. APAC: Frozen Vegetables Market Revenue Share, by Key Country (2019 and 2027) 82
Figure 51. Australia: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 82
Figure 52. China: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 84
Figure 53. India: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 86
Figure 54. Japan: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 88
Figure 55. South Korea: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 90
Figure 56. Rest of APAC: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 92
Figure 57. MEA: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Million) 94
Figure 58. MEA: Frozen Vegetables Market Revenue Share, by Type (2019 and 2027) 95
Figure 59. MEA: Frozen Vegetables Market Revenue Share, by End User (2019 and 2027) 96
Figure 60. MEA: Frozen Vegetables Market Revenue Share, by Key Country (2019 and 2027) 97
Figure 61. South Africa: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 97
Figure 62. Saudi Arabia: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 99
Figure 63. UAE: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 101
Figure 64. Rest of MEA: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 103
Figure 65. South America: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Million) 105
Figure 66. South America: Frozen Vegetables Market Revenue Share, by Type (2019 and 2027) 106
Figure 67. South America: Frozen Vegetables Market Revenue Share, by End User (2019 and 2027) 107
Figure 68. South America: Frozen Vegetables Market Revenue Share, by Key Country (2019 and 2027) 108
Figure 69. Brazil: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 108
Figure 70. Argentina: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 110
Figure 71. Rest of South America: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million) 112
Figure 72. Impact of COVID-19 Pandemic in North American Country Markets. 114
Figure 73. Impact of COVID-19 Pandemic in Europe Country Markets. 115
Figure 74. Impact of COVID-19 Pandemic in Asia-Pacific Country Markets. 116
Figure 75. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets. 117
Figure 76. Impact of COVID-19 Pandemic in South America Country Markets. 118
The List of Companies - Frozen Vegetables Market
- Conagra Brands Inc.
- Goya Foods, Inc.
- B&G Foods, Inc.
- Bhanu Farms
- Cascadian Farm Organic
- Foodnet Ltd
- CROP’S UK
- Bonduelle
- Nature’s Garden
- Ardo
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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