Who are the key players in Frozen Vegetables Market?

Conagra Brands, Mother Dairy Fruit & Vegetable Pvt. Ltd., Bonduelle Group, ITC Brands and Earthbound Farm are the major companies operating in the Frozen Vegetables Market. Read More

Which is the fastest growing region in Frozen Vegetables Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Frozen Vegetables Market?

In 2024, the Europe accounts for the largest market share in Frozen Vegetables Market. Read More

What years does this Frozen Vegetables Market cover, and what was the market size in 2023?

In 2023, the Frozen Vegetables Market size was estimated at USD 17.53 billion. The report covers the Frozen Vegetables Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Frozen Vegetables Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Frozen Vegetables Market Size

Market Size of Frozen Vegetables Industry

Study Period	2019 - 2029
Market Size (2024)	USD 18.21 Billion
Market Size (2029)	USD 22.01 Billion
CAGR (2024 - 2029)	3.86 %
Fastest Growing Market	Asia Pacific
Largest Market	Europe
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order

Frozen Vegetables Market Analysis

The Frozen Vegetables Market size is estimated at USD 18.21 billion in 2024, and is expected to reach USD 22.01 billion by 2029, growing at a CAGR of 3.86% during the forecast period (2024-2029).

The rapid pace of urbanization, especially in the developing economies, coupled with growing disposable income and rising influence, has allowed convenience products to take center stage with regard to different fruits and vegetables. Altering technological advancements, along with aesthetic packaging, ease of storage, and all-around availability, are boosting the demand for frozen vegetables. The presence of well-balanced cold chain solutions and connected retail outlets have led to dramatic sales of the market, where most of the product portfolios are largely catered by local mid-and small-sized farms.
Furthermore, this segment is gaining popularity as a preferred alternative to fresh, canned, and cooked food and healthy snack options among the millennial populations in the market.
Due to the COVID-19, the frozen vegetable market has been performing well following the onset of the novel coronavirus. The fact that frozen vegetable is able to retain the nutritional value for a long period, and in turn, this helps bring down the number of times consumers have to visit the shop or outlet, which also works in favor of the market. Although the COVID-19 impact on the cold chain supply has been significant, the evolving buying patterns of the consumers with more inclination towards health have helped the frozen vegetable market develop faster than expected.

Frozen Vegetables Industry Segmentation

The frozen vegetables market is segmented by type, distribution channel, and geography. Based on type, the market is segmented into beans, corn, peas, mushroom, cauliflower, asparagus, broccoli, and other types. Based on distribution channels, the market is segmented into supermarkets/hypermarkets, grocery stores, convenience stores, and other distribution channels. Furthermore, the report takes into consideration the market for frozen vegetables in the established and emerging economies across the world, including North America, Europe, Asia-Pacific, South America, and Middle-East and Africa.

By Type
		Beans
		Corn
		Peas
		Mushroom
		Cauliflower
		Asparagus
		Broccoli
		Other Types

By Distribution Channel
		Supermarkets/Hypermarkets
		Grocery Stores
		Convenience Stores
		Other Distribution Channels

By Geography

North America
	United States
	Canada
	Mexico
	Rest of North America

Europe
	Spain
	United Kingdom
	Germany
	France
	Italy
	Russia
	Rest of Europe

Asia-Pacific
	China
	Japan
	India
	Australia
	Rest of Asia-Pacific

South America
	Brazil
	Argentina
	Rest of South America

Middle-East and Africa
	South Africa
	Saudi Arabia
	Rest of Middle-East and Africa

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Frozen Vegetables Market Size Summary

The frozen vegetables market is experiencing significant growth, driven by urbanization and increasing disposable incomes, particularly in developing economies. The demand for convenience products, such as frozen vegetables, is rising due to technological advancements, appealing packaging, and ease of storage. These factors, combined with well-established cold chain solutions and retail networks, have enhanced market accessibility and sales. The market is particularly popular among millennials who prefer frozen vegetables as a healthy and convenient alternative to fresh, canned, and cooked foods. The COVID-19 pandemic has further accelerated market growth, as frozen vegetables retain nutritional value over time, reducing the frequency of shopping trips and aligning with the health-conscious buying patterns of consumers.

In Europe, the demand for frozen vegetables is fueled by time-pressed consumers seeking convenient meal solutions. The region's strong purchasing power and trend towards vegan and healthy foods are driving market expansion. European consumers are increasingly mirroring American food trends, leading to a rise in spending on frozen vegetables. The market is highly fragmented, with regional and international competitors like General Mills Inc., Conagra Brands, and ITC Brands vying for market share through diverse product offerings and strategic marketing. Key players are leveraging social media and online channels to enhance their brand presence and attract a broader customer base.

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Frozen Vegetables Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Drivers
2. 1.2 Market Restraints
3. 1.3 Porter's Five Forces Analysis
  1. 1.3.1 Threat of New Entrants
  2. 1.3.2 Bargaining Power of Buyers/Consumers
  3. 1.3.3 Bargaining Power of Suppliers
  4. 1.3.4 Threat of Substitute Products
  5. 1.3.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 By Type
  1. 2.1.1 Beans
  2. 2.1.2 Corn
  3. 2.1.3 Peas
  4. 2.1.4 Mushroom
  5. 2.1.5 Cauliflower
  6. 2.1.6 Asparagus
  7. 2.1.7 Broccoli
  8. 2.1.8 Other Types
2. 2.2 By Distribution Channel
  1. 2.2.1 Supermarkets/Hypermarkets
  2. 2.2.2 Grocery Stores
  3. 2.2.3 Convenience Stores
  4. 2.2.4 Other Distribution Channels
3. 2.3 By Geography
  1. 2.3.1 North America
    1. 2.3.1.1 United States
    2. 2.3.1.2 Canada
    3. 2.3.1.3 Mexico
    4. 2.3.1.4 Rest of North America
  2. 2.3.2 Europe
    1. 2.3.2.1 Spain
    2. 2.3.2.2 United Kingdom
    3. 2.3.2.3 Germany
    4. 2.3.2.4 France
    5. 2.3.2.5 Italy
    6. 2.3.2.6 Russia
    7. 2.3.2.7 Rest of Europe
  3. 2.3.3 Asia-Pacific
    1. 2.3.3.1 China
    2. 2.3.3.2 Japan
    3. 2.3.3.3 India
    4. 2.3.3.4 Australia
    5. 2.3.3.5 Rest of Asia-Pacific
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Argentina
    3. 2.3.4.3 Rest of South America
  5. 2.3.5 Middle-East and Africa
    1. 2.3.5.1 South Africa
    2. 2.3.5.2 Saudi Arabia
    3. 2.3.5.3 Rest of Middle-East and Africa