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Global Frozen Vegetables Market 2019-2023

  • Published: May 2019
  • Pages: 121
  • SKU: IRTNTR31287
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The global frozen vegetables market size will grow at a CAGR of almost 5% during 2018-2023, and the market size will increase by USD 7.20 billion during 2019-2023. The market’s growth momentum is expected to accelerate throughout the forecast period.

To identify growth opportunities in the frozen vegetables market, the market has been segmented into regions that are growing faster than the overall market. These regions have been pitted against regions that have a slower growth rate than the global market in 2018-2023. APAC, MEA, and South America will grow faster than the overall market. The growth of Europe and North America will be slower than the global market.

Some of the key findings from our frozen vegetables market forecast report are summarized below

Frozen Vegetables Market

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Hypermarkets and supermarkets, discount stores, and online are the preferred distribution channels for frozen vegetables. Hypermarkets and supermarkets were the most popular distribution channel for frozen vegetables in 2018, and this segment’s position will remain unchanged throughout the forecast period. During 2019-2023, the growth rate of hypermarkets and supermarkets and online segments will be faster than the global market growth.

The market is fragmented, and the degree of fragmentation is expected to remain the same till 2023. The accelerating growth will provide immense growth opportunities to market participants. To make the most of the opportunities, frozen vegetables companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

This market report provides a detailed analysis of the market by distribution channel (hypermarkets and supermarkets, discount stores, online, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including B&G Foods Inc., Conagra Brands Inc., General Mills Inc., Greenyard NV, and The Kraft Heinz Co.

Global frozen vegetables market: Key drivers and trends

The frozen vegetables market is witnessing several technological innovations including dehydrofreezing, individually quick-freezing (IQF), blast freezing, belt-tunnel freezing, plate freezing, cryogenic freezing, and fluidized-bed freezing. Dehydrofreezing dehydrates vegetables to a favorable moisture content before freezing. Similarly, IQF involves the freezing of each vegetable individually to obtain high quality, natural looking product. The extension of shelf life achieved by the application of these freezing techniques will boost their adoption among market vendors. These technological developments will significantly impact the growth of the frozen vegetables market size.

Restaurants and the food service industry are increasingly preferring the use of frozen vegetables over fresh vegetables for cooking. This is because, frozen vegetables can be stored for a longer period and can be used as per cooking requirements, which helps in minimizing vegetable wastage. Moreover, fast food restaurants, school and hospital cafeterias, catering operations, and other food service formats are also increasingly using frozen vegetables as an integral ingredient to enhance the quality, taste, and the nutritional benefits of the served food. The growth of the restaurant and food service industry will be a significant factor fueling frozen vegetables market growth at a CAGR of almost 5% during the forecast period. 

Frozen vegetables market: Competitive landscape and companies covered

The global frozen vegetables market is fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this frozen vegetables market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the growing frozen vegetables market size.

The report offers a detailed analysis of several frozen vegetable companies, including:

  • B&G Foods, Inc.
  • Conagra Brands Inc.
  • General Mills Inc.
  • Greenyard NV
  • The Kraft Heinz Co.

Frozen vegetables market: Segmentation based on distribution channel

  • Hypermarkets and supermarkets
  • Discount stores
  • Online
  • Others

The hypermarkets and supermarkets segment will account for the largest frozen vegetables market share. The growth in organized retail and the increasing number of hypermarkets and supermarkets are some of the significant factors driving frozen vegetables market growth in this segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the frozen vegetables market size.

Frozen vegetables market: Segmentation based on geographic region

  • APAC
  • Europe
  • MEA
  • North America
  • South America

With a complete study of the growth opportunities for companies, it has been identified that Europe will account for the largest frozen vegetables market share throughout the forecast period. Factors such as the increasing disposable income, the presence of excellent infrastructure facilities, the increase in a number of working women, and the rising awareness about the benefits of frozen vegetables are contributing to the growth of the market in Europe.

Frozen vegetables market: Key highlights of the report for the forecast period 2019-2023

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the frozen vegetables market during the next five years
  • Precise estimation of the global frozen vegetables market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the frozen vegetables industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details of factors that will challenge the growth of frozen vegetables companies 

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

  • Market segmentation by distribution channel
  • Comparison by distribution channel
  • Hypermarkets and supermarkets - Market size and forecast 2018-2023
  • Discount stores - Market size and forecast 2018-2023
  • Online - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by distribution channel

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • B&G Foods Inc.
  • Conagra Brands Inc.
  • General Mills Inc.
  • Greenyard NV
  • The Kraft Heinz Co.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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