Enjoy complimentary customisation on priority with our Enterprise License!
The Processed Vegetable Market size is projected to increase by USD 76.55 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 10.39%. Market growth hinges on rising demand for processed vegetables driven by evolving consumer preferences and lifestyles. This demand surge is propelled by the convenience and versatility that processed edibles offer, making them adaptable for various culinary uses. Furthermore, a robust distribution network linking processed vegetable manufacturers and retailers is crucial. A well-organized distribution system ensures timely delivery of processed edibles to consumers in optimal condition, meeting market demands and enhancing customer satisfaction. Additionally, the growing awareness of the health benefits associated with consuming minimally processed edibles significantly contributes to market expansion.
Analysis Period | 2017-2027 |
Market Size (2017) Historic Year | USD 94.77 billion |
Market Size (2027) - Forecasted Year | USD 196.23 billion |
Historic Opportunity (2017-2021) | USD 15.53 billion |
Historic CAGR | 3.87 % |
Forecasted Opportunity (2023-2027) | USD 76.55 billion |
Market Opportunity Transformation Growth | 107.06 % |
Market Opportunity Capitalization | USD 92.08 billion |
To get additional information about the market, Buy Report
This market forecast report extensively covers market segmentation by product (canned vegetables, frozen vegetables, and fresh-cut vegetables), distribution channel (hypermarkets and supermarkets, independent retailers and convenience stores, specialty food stores, and online retailers), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
The Market is driven by a growing awareness of nutrients like minerals, proteins, fibers, and vitamins among consumers, catalyzed by modernization and urbanization trends. Key drivers include the demand for organic and natural options, reflected in the popularity of natural fresh products and frozen or canned vegetables. Trends lean towards online retailing and e-commerce, enhancing product diversity and accessibility. Challenges such as seasonal and field conditions impact supply, yet the market adapts with convenience foods tailored for busy lifestyles and rising disposable incomes. Imports also contribute to addressing demand for diverse natural ingredients.
The increasing demand for processed vegetables is notably driving the market. Moreover, the global market share is growing due to rising demand for convenient and nutrient-rich options like fresh-cut, canned, and frozen vegetables. Processing edibles soon after harvest helps retain their nutrients, making them an appealing choice.
Moreover, canned edibles, accounting for 40% of the market, are particularly popular in North America and APAC. Del Monte Pacific Ltd. offers innovative canned vegetable products, such as sliced mushrooms, garden peas, beans, artichokes, chickpeas, red kidney beans, and sweet corn, driving consumer interest. Overall, the demand for processed edibles is driven by convenience, health benefits, and product variety.
The processed vegetable manufacturers and distributors venturing into the private-label marketplace is a major trend influencing the global market growth. Private-label brands are registering significant growth in the global retail market. Competitive pricing and easy availability of food and beverages are the major factors driving the sale of private-label food and beverage products. companies and distributors such as Whole Foods Market Inc. (Whole Foods), a subsidiary of Amazon and Sysco, have also ventured into private-label brands to strengthen their product offerings further globally.
For instance, Sysco sells a range of processed edibles through its private-label brand FreshPoint in North America. Similarly, Whole Foods offers a range of private-label processed edibles through its brand 365 Everyday Value. A few of the prominent offerings include Organic Cut Green Beans, Sliced Beets, and Hearts of Palm (Salad Cut). Factors such as perceived high quality and lower prices are expected to drive the sale of private-label processed vegetables in the global market. The significant growth of private-label brands will drive the growth of the market focus during the forecast period.
The threat from unorganized players and intense competition among companies is a major hindrance to the global market growth. companies in the global market are facing a huge threat from unorganized players. China and India are two major producers and exporters of processed edibles globally. However, the markets in both countries are dominated by unorganized players. The presence of unorganized cottage-scale industries is one of the main factors hindering the growth of the market in India. Moreover, the global market is highly competitive due to the presence of several market players, such as global and regional companies, as well as distributors.
Moreover, the high purchase volume of processed edibles is encouraging players to enter the market, which intensifies the competition. The other drawback of the fragmented structure of the global market is that it presents a barrier to technologies that require standardization and integration. Distributors and private-label companies mostly outsource their products to third-party food manufacturers, as it is hard to maintain standardized manufacturing technology. Therefore, factors such as the threat from unorganized players and the intense competition between global, regional, and private-label companies in the market might hinder the growth of the global market during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market trends and analysis report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Key Offering - Archer Daniels Midland Co. offers processed vegetables under the brand, NutriStem.
Key Offering - Ardo Coordination Center NV offers processed vegetables such as Chunky sauteed carrots and Rhubarb.
Key Offering - B and G Foods Inc. offers processed vegetables under the brand, Green Giant.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market segmentation by distribution channel consists of hypermarkets and supermarkets, independent retailers and convenience stores, speciality food stores, and online retailers. It is anticipated that the hypermarket and supermarket distribution channel segment of the global market will experience high growth during the forecast period. The already increasing sales of processed vegetables will be further boosted by the increase in supermarkets and hypermarkets. Due to their reputation for convenience and healthiness, sales of minimally processed edibles are rapidly rising. Mass merchandisers with omnichannel distribution channels have pushed the supermarket industry toward digitalization. Revolutionary trends in the global market have been sparked by seamless omnichannel strategies. Amazon.com's acquisition of physical businesses to combine e-commerce and physical storefronts has accelerated this trend. One of the main reasons why customers frequent their local supermarkets and hypermarkets is the convenient shopping experience provided by the availability of so many foods and beverage products in one location.
The Market is driven by diverse nutrients such as minerals, proteins, fibers, and vitamins, meeting the evolving needs of consumers amidst modernization and urbanization trends. This market caters to various preferences, offering a wide range of vegetables processed through methods like heat treatment and incorporating additives for enhanced flavor and preservation. Consumers today are inclined towards organic and natural options, including frozen and canned vegetables, providing convenience without compromising on nutritional value. The market's expansion is further fueled by the rise of e-commerce and online retailing, making these products accessible to a broader audience. Despite challenges posed by seasonal and field conditions, the demand for convenience foods remains high, driven by busy lifestyles and disposable incomes. Additionally, imports play a significant role in augmenting product diversity and meeting consumer preferences for natural ingredients in processed vegetables.
The market segmentation by product consists of canned vegetables, frozen vegetables, and fresh-cut vegetables. The market share growth by the canned vegetables segment will be significant during the forecast period. Vegetables that are processed and canned to increase shelf life are known as canned vegetables. Canned vegetables are classified under the moderately processed vegetable category. These vegetables offer similar health benefits as fresh vegetables.
For a detailed summary of the market segments, Buy Report
The canned vegetables segment was valued at USD 37.51 billion in 2017 and continued to grow by 2021. During the canning process, vegetables do not lose a large amount of nutritional value. Canning stops the decomposition of vegetables until the can is opened again. The number of nutrients lost depends largely on how quickly vegetables are canned after harvesting. The increasing demand for processed vegetables is one of the major reasons driving the growth of the segment. PROFEL, which represents more than 500 companies in 11 European Union companies, claims that PROFEL's companies produce almost 2.1 million tonnes of canned vegetables each year. Therefore, the segment is expected to be driven by the increasing demand for canned vegetables from the EU.
For further insights about regional markets, Request a PDF Sample now!
APAC is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Moreover, China, Japan, and Australia are among the major markets for processed vegetables in APAC. Del Monte and Mitsubishi Corp. (Mitsubishi) are the major companies operating in the regional market. The consumption of canned food is increasing, and China is emerging as one of the largest consumers of processed vegetables worldwide. China is expected to remain one of the top exporters and consumers of frozen vegetables during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments
The Market is fueled by the modern consumer's emphasis on health, seeking minerals, proteins, and fibers in their diet. Urbanization has increased demand for convenience factors in food, driving innovations in flavoring, drying, and juice preparation. Consumers prefer value-added products with natural taste and reduced natural properties. The market thrives in cold markets with advanced heat treatment techniques and minimal additives. Supermarkets, hypermarkets, and online retailing platforms play pivotal roles in distributing natural fresh products. Challenges include seasonal and field conditions, especially for perishable products, and competition from convenience foods. With rising disposable incomes and the popularity of ready-to-eat formats on e-commerce platforms, the market shows substantial growth potential. However, equipment costs and the presence of unorganized players pose challenges in the competitive landscape. Analyzing import-export trends helps identify key revenue pockets and opportunities for market expansion.
Furthermore, the Market has witnessed significant growth due to factors like modernization and urbanization, leading to changes in daily diets and preferences for value-added products rich in minerals, proteins, fibers, and vitamins. Flavouring techniques enhance appeal, especially in cold markets, catering to busy lifestyles and the demand for portable options available in supermarkets/hypermarkets and on e-commerce platforms. The Indian Agricultural Exports Authority plays a crucial role in regulating import-export activities, ensuring a steady supply of conventional vegetables, organic, and natural fresh products. The market landscape depedns on Reduction, Imports, Ready-to-eat format, E-commerce platform, Equipment cost, Unorganised players and Import export analysis. However, challenges such as equipment costs and the presence of unorganized players impact product distribution and market competition. Import-export analysis helps identify trends and opportunities for growth, driving innovation and diversification in product offerings and flavours, meeting the evolving needs of consumers in the global groceries segment.
Furthermore, the Market is evolving rapidly due to various factors such as modernization and urbanization, which have reshaped daily diets. Consumers now seek value-added products that are rich in minerals, proteins, fibers, and vitamins, emphasizing health benefits. The market depedns on Modernisation and Urbanisation. The market caters to diverse preferences, offering natural ingredients and reduced processing, ensuring nutritional integrity and product diversity. With a rise in imported goods and a shift towards ready-to-eat formats, e-commerce platforms play a crucial role in product accessibility. However, challenges like equipment costs and the presence of unorganized players affect market competitiveness. Import-export analysis aids in understanding market dynamics and optimizing supply chains. As consumers prioritize portability and convenience, the market continues to innovate with new cold market offerings, meeting the demands of busy lifestyles while maintaining nutritional value and taste.
Market Scope |
|
Report Coverage |
Details |
Page number |
172 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.39% |
Market growth 2023-2027 |
USD 76.55 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
9.08 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 36% |
Key countries |
US, China, India, UK, and Germany |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Amazon.com Inc., Archer Daniels Midland Co., Ardo Coordination Center NV, B and G Foods Inc., Charoen Pokphand Foods PCL, Conagra Brands Inc., Cooperatie Koninklijke Cosun UA, Dole plc, Farmers Market Foods Inc., J.D. Irving Ltd., Libbys Brand Holding, Mitsubishi Corp., Ninos Fresh Cut Fruit and Veg LLC, NutriAsia Inc., RFG Holdings Ltd., Seneca Foods Corp., Smith Frozen Foods Inc., Sprouts Farmers Market Inc., Sysco Corp., and The Fresh Gourmet Co. |
Market dynamics |
Parent market analysis, market research and growth, market growth analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.