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Frozen Vegetables Market by Product, End User, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2018 - 2025

  • ID: 4828503
  • Report
  • Region: Global
  • 221 pages
  • Allied Analytics LLP
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The global frozen vegetable market was valued at $26,479.0 million in 2017, and is expected to garner $38,845.7 million by 2025, registering a CAGR of 5.0% from 2018 to 2025. Deep frozen vegetables are products that can be stored and used over a long period of time. Freezing helps to retain the essential nutrients in vegetables, such as carotenes, which are essential to synthesize vitamin A in the body. In addition, to avoid food wastage, meet the needs of rising population, and keep the food businesses competitive & profitable, preservation of food by freezing is adopted by various food manufacturers.

Increase in demand and consumption of frozen foods in the emerging markets of Asia-Pacific such as India and China has significantly fueled the growth of the global frozen food market. Rise in disposable income and change in lifestyle & food habits further boost the market growth. Moreover, rapid increase in number of large retail chains, including hypermarkets and supermarkets, propels the demand for frozen vegetables. Growth female workforce has increased the dependency on readymade and convenient food products, which in turn increases the demand for frozen vegetables, thereby accelerating the market growth. However, consumer perception about low nutritional content in frozen foods and lack of proper refrigeration facilities in semi-urban & rural areas restrain the growth of the market. On the contrary, advancements in freezing technologies are expected to provide lucrative opportunities for the market players.

The global frozen vegetable market is segmented based on product, end user, distribution channel, and region. On the basis of product, the market is divided into asparagus, broccoli, green peas, mushrooms, spinach, corn, green beans, and others. In terms of end user, it is bifurcated into food service industry and retail customers. By distribution channel, it is categorized into discounters, supermarkets/hypermarkets, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the report include Aryzta AG, General Mills Inc., Kraft Foods Group Inc., Ajinomoto Co. Inc., Cargill Incorporated, Europastry S.A., JBS S.A., Kellogg Company, Nestle S.A., and Flower Foods.

The other key market players (not profiled in this report) are Amy's Kitchen, Inc., Ardo N.V., Arena Agroindustrie Alimentari SPA, Bellisio Foods, Inc., Bonduelle SCA, Conagra Foods, Inc., Findus Group., Goya Foods, Inc., H.J. Heinz Company, and Iceland Foods Ltd.

KEY BENEFITS FOR STAKEHOLDERS
  • The report provides an in-depth analysis of the current trends, drivers, and dynamics of the frozen vegetables market to elucidate the prevailing opportunities and potential investment pockets.
  • It offers qualitative trends as well as quantitative analysis from 2018 to 2025 to assist stakeholders to understand the market scenario.
  • In-depth analysis of the key segments demonstrates the types of frozen vegetables.
  • Competitive intelligence of the industry highlights the business practices followed by key players across geographies and the prevailing market opportunities.
  • The key players are profiled along with their strategies and developments to understand the competitive outlook of the industry.
KEY MARKET SEGMENTS
  • By Product
o Asparagus
o Broccoli
o Green Peas
o Mushrooms
o Spinach
o Corn
o Green Beans
o Others
  • By End User
o Food Service Industry
o Retail Customers
  • By Distribution Channel
o Discounters
o Supermarkets/Hypermarkets
o Others
  • By Region
o North America
U.S.
Canada
Mexico
o Europe
UK
Germany
France
Italy
Spain
Russia
Rest of Europe
o Asia-Pacific
China
India
South Korea
Japan
Rest of Asia-Pacific
o LAMEA
Africa
Middle East
South & Central America
Note: Product cover images may vary from those shown
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Chapter: 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY
2.1. KEY FINDINGS OF THE STUDY
2.2. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOP
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.3. PORTER’S FIVE FORCES ANALYSIS
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Intensity of competitive rivalry
3.4. MARKET DYNAMICS
3.4.1. Drivers
3.4.1.1. Growth of retail network in emerging economies
3.4.1.2. Rise in participation of females in the workforce
3.4.1.3. Increase in consumption of frozen vegetables by QSRs
3.4.2. Restraints
3.4.2.1. Negative consumer perception related to nutritional content in frozen vegetables
3.4.2.2. Poor freezing facilities in semi-urban & rural areas
3.4.3. Opportunity
3.4.3.1. Advancements in freezing technologies
3.5. MARKET SHARE ANALYSIS, 2017–2025 (%)

Chapter: 4 FROZEN VEGETABLES MARKET, BY PRODUCT
4.1. INTRODUCTION
4.1.1. Market size and forecast
4.2. ASPARAGUS
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast
4.3. BROCCOLI
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
4.4. GREEN PEAS
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast
4.5. MUSHROOM
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast
4.6. SPINACH
4.6.1. Key market trends, growth factors, and opportunities
4.6.2. Market size and forecast
4.7. CORN
4.7.1. Key market trends, growth factors, and opportunities
4.7.2. Market size and forecast
4.8. GREEN BEANS
4.8.1. Key market trends, growth factors, and opportunities
4.8.2. Market size and forecast
4.9. OTHERS
4.9.1. Key market trends, growth factors, and opportunities
4.9.2. Market size and forecast

Chapter: 5 FROZEN VEGETABLES MARKET, BY END USER
5.1. INTRODUCTION
5.1.1. Market size and forecast
5.2. FOOD SERVICE INDUSTRY
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.3. RETAIL CUSTOMERS
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast

Chapter: 6 FROZEN VEGETABLES MARKET, BY DISTRIBUTION CHANNEL
6.1. INTRODUCTION
6.1.1. Market size and forecast
6.2. DISCOUNTERS
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast
6.3. SUPERMARKET/HYPERMARKET
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast
6.4. OTHERS
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast

Chapter: 7 FROZEN VEGETABLES MARKET, BY REGION
7.1. INTRODUCTION
7.1.1. Market size and forecast
7.2. NORTH AMERICA
7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast
7.2.3. U.S.
7.2.3.1. Market size and forecast, by end user
7.2.4. Canada
7.2.4.1. Market size and forecast, by end user
7.2.5. Mexico
7.2.5.1. Market size and forecast, by end user
7.3. EUROPE
7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast
7.3.3. UK
7.3.3.1. Market size and forecast, by end user
7.3.4. Germany
7.3.4.1. Market size and forecast, by end user
7.3.5. France
7.3.5.1. Market size and forecast, by end user
7.3.6. Italy
7.3.6.1. Market size and forecast, by end user
7.3.7. Spain
7.3.7.1. Market size and forecast, by end user
7.3.8. Russia
7.3.8.1. Market size and forecast, by end user
7.3.9. Rest of Europe
7.3.9.1. Market size and forecast, by end user
7.4. ASIA PACIFIC
7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast
7.4.3. China
7.4.3.1. Market size and forecast, by end user
7.4.4. India
7.4.4.1. Market size and forecast, by end user
7.4.5. South Korea
7.4.5.1. Market size and forecast, by end user
7.4.6. Japan
7.4.6.1. Market size and forecast, by end user
7.4.7. Rest of Asia-Pacific
7.4.7.1. Market size and forecast, by end user
7.5. LAMEA
7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast
7.5.3. Africa
7.5.3.1. Market size and forecast, by end user
7.5.4. Middle East
7.5.4.1. Market size and forecast, by end user
7.5.5. South & Central America
7.5.5.1. Market size and forecast, by end user

*Full List of Tables and Figures Available on Enquiry.

Note: Product cover images may vary from those shown
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According to this report titled 'Frozen Vegetables Market by Product, End User and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2018 - 2025, the global frozen vegetables market size was valued at $26,479.0 million in 2017, and is expected to garner $38,845.7 million by 2025, registering a CAGR of 5.0% from 2018 to 2025. The corn segment dominated the global frozen vegetables market in 2017 and is expected to maintain the dominance throughout the forecast period. Frozen vegetables are products that can be stored and used over a long period of time. The freezing procedure preserves vegetables for an extended time period without any preservatives and prevents microbial growth that may cause food decomposition. The ability to preserve food by freezing has enabled producers to make their products available to consumers anywhere across the globe. Although being seasonal, vegetables such as asparagus, broccoli, green peas, mushrooms, spinach, corn, and green beans can be made available to consumers in all seasons by freezing them.

The growth of the frozen vegetables industry is driven by increase in disposable income of people along with rise in the living standards of consumers around the globe. Furthermore, hectic lifestyle and increase in need for convenience food drive the growth of the market and help increase the frozen vegetable market size. Growth of the retail network in emerging economies, such as India, China, and Brazil, has led to increased availability of frozen vegetables, thus supplementing the market growth. However, negative perception of consumers related to nutritional content of frozen food, high cost of freezing technology, and poor freezing facilities in semi-urban & rural areas impede the growth of frozen vegetables market.

According to Shankar Bhandalkar, Senior Research Analyst, Food and Beverages, Hectic lifestyle has shifted the preference of consumers toward the use of alternatives to regular vegetables. Thus, frozen vegetables have gained increasing popularity among consumers, which significantly contributes toward the growth of the market.

In 2017, the corn segment garnered the highest share in the frozen vegetables market, owing to easy availability of corn all over the world and high application of corn & corn-based food items in quick service restaurants (QSRs) and other food outlets. However, the broccoli segment is expected to witness the substantial growth with CAGR of 7.1% throughout the frozen vegetables market forecast period, due to rise in the trend of health and fitness among consumers worldwide.

By end user, the retail customer segment dominated the frozen vegetables market in 2017. This was attributed to immediate gratification and availability of several options of trail before purchase. The food service industry is expected to witness a moderate growth rate of 4.7% during the forecast period, owing to increase in number of fast-food outlets and QSRs all around the world.

Based on distribution channel, the supermarket/hypermarket segment dominated the market in 2017, due the fact that these retail formats provide an augmented shopping experience. Moreover, they offer a one-stop solution to a number of shopping needs, which boosts their popularity across the globe. The others segment which includes convenience stores, and mom & pop stores, and is expected to witness steady growth rate during the forecast period, owing to increase in number of convenience stores. In addition, convenience stores and mom & pop stores are located near residential areas and require less efforts purchasing goods. This ease of purchase adds to the popularity of others segment, thus acting as a key driver of the global frozen vegetables market.

Key Findings of the Frozen Vegetables Market:

Based on product, the corn segment was the highest contributor to the frozen vegetables market growth and is expected to grow at a CAGR of 6.2% from 2018 to 2025.
Based on distribution channel, the supermarket/hypermarket segment was the highest contributor to the market in terms of value in 2017 and is estimated to grow at a CAGR of 5.1% from 2018 to 2025.
Based on product, the broccoli segment is expected to grow at a steady CAGR of 6.0% from 2018 to 2025.
Based on end user, the retail customers segment accounted for more than two-thirds in the frozen vegetables market share in 2017 and is estimated to grow at a CAGR of 5.1%.
Based on distribution channel, the others segment accounted is anticipated to grow at a CAGR of 5.0% during the forecast period.

In terms of value, Europe and North America collectively contributed over half of the global market share in the frozen vegetables market in 2017. The key players profiled in the report include Aryzta AG, General Mills Inc., Kraft Foods Group Inc., Ajinomoto Co. Inc., Cargill Incorporated, Europastry S.A., JBS S.A., Kellogg Company, Nestle S.A., and Flower Foods.

The other key market players (not profiled in this report) are Amy's Kitchen, Inc., Ardo N.V., Arena Agroindustrie Alimentari SPA, Bellisio Foods, Inc., Bonduelle SCA, Conagra Foods, Inc., Findus Group., Goya Foods, Inc., H.J. Heinz Company, and Iceland Foods Ltd.
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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