The global frozen vegetable market was valued at US$24.548 billion in 2017 and is expected to grow at a CAGR of 4.23% to reach a market size of US$30.198 billion by the year 2022. Frozen vegetables are those which are kept at a temperature below the freezing point for the purpose of storage and until they can be readily consumed. Broccoli, spinach, yam, corn, peas, and others are some examples of frozen vegetables which are found in the supermarket. Frozen vegetables are sometimes offered with additional sauces which make a flavourful side dish, but such dish from some brands can contain a high amount of sodium which could increase the probability of hypertension and heart disease.
Growing working population coupled with hectic work schedule and improving living standards results in higher consumption of frozen vegetables while propelling the market growth. The increasing awareness about the health benefits offered by frozen vegetables and rise in sedentary population contributes to the global market for frozen vegetables. Other factors include expanding middle class coupled with rising disposable income and acceleration of urbanization, especially in developing countries. However, factors like a constant fixed temperature requirement and consumer perception of frozen vegetables may impact the market growth negatively.
Geographically, Asia Pacific is expected to contribute significantly to the growth of frozen vegetables owing to increasing disposable incomes and changing lifestyle. Moreover, the increasing demand for processed products and growing awareness about health benefits supplied by frozen vegetables also contribute to the market of Asia Pacific region. Europe too is expected grow at a decent rate due to its improved maintenance of freshness and nutritional value as compared to other chilled formats.
Firstly, the report provides a brief introduction of the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Next, the section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Frozen Vegetable. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Thirdly, Frozen Vegetable Market has been segmented on the basis of type and geography as follows:
Europe Middle East and Africa
The Middle East and Africa
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Simplot, H.J Heinz Company Australia Ltd., General Mills, Findus AB, Bonduelle, and Ardo.