Summary:
- The global frozen fruits and vegetables market size reached USD 27.0 Billion in 2023.
- The market is expected to reach USD 33.4 Billion by 2032, exhibiting a growth rate (CAGR) of 2.3% during 2024-2032.
- Europe leads the market, accounting for the largest frozen fruits and vegetables market share.
- Frozen vegetables accounts for the majority of the market share in the product type segment due to their extended shelf life and convenience in meal preparation.
- Business-to-consumer (B2C) represents the leading distribution channel segment.
- The rising busy schedules of consumers and the increasing preference for convenient food options is a primary driver of the frozen fruits and vegetables market.
- The burgeoning expansion of distribution channels, including e-commerce platforms is reshaping the frozen fruits and vegetables market.
Our comprehensive frozen fruits and vegetables market outlook reflects both short-term tactical and long-term strategic planning. This analysis is essential for stakeholders aiming to navigate the complexities of the market and capitalize on emerging opportunities.
Request to Get the Sample Report: https://www.imarcgroup.com/frozen-fruits-and-vegetables-market/requestsample
Industry Trends and Drivers:
- Rising Demand for Convenience Foods:
The increasing preference for convenience foods is one of the major factors driving the market growth. Moreover, the growing demand for quick and easy meal solutions among consumers with busy schedules is creating a positive outlook for the market. Additionally, the rising appeal of pre-cut, pre-washed, and ready-to-cook (RTC) frozen fruits and vegetables that reduce meal preparation time is acting as a growth-inducing factor.
Furthermore, the heightened ability to store these products for extended periods without losing nutritional value is contributing to the market growth. In addition to this, rapid advancements in freezing technologies, such as flash freezing, preserve taste, texture, and nutrients, is catalyzing the market growth.
- Growing Focus on Healthy Eating:
The rising focus on health trends that promote the benefits of fruits and vegetables, boosting the demand for frozen varieties, which offer year-round availability, is stimulating the market growth. Moreover, the increasing awareness among consumers of the importance of eating a balanced diet, thus propelling the consumption of frozen fruits and vegetables as it allows them to incorporate essential nutrients into their meals with minimal effort, is fueling the market growth.
In addition to this, the growing popularity of frozen produce, as it is harvested at peak ripeness and frozen immediately, preserving its nutritional value better than some fresh produce that may degrade during transport and storage, is enhancing the market growth.
- Expanding Retail and E-commerce Channels:
The expansion of retail and e-commerce platforms that provide consumers with easier access to frozen fruits and vegetables is driving the market growth. Moreover, the growing popularity of supermarkets, hypermarkets, and online grocery stores that offer a wider range of frozen produce options, enabling consumers to purchase these products from the comfort of their homes is bolstering the market growth.
Furthermore, the increasing adoption of e-commerce platforms that allow for door-to-door delivery of frozen goods with minimal hassle is anticipated to drive the market growth. Apart from this, the heightened focus of retailers on providing frozen foods in specialized packaging that ensures products remain fresh during transit is supporting the market growth.
Speak to An Analyst: https://www.imarcgroup.com/request?type=report&id=803&flag=C
Frozen Fruits and Vegetables Market Report Segmentation:
Breakup By Product Type:
- Frozen Fruits
- Frozen Vegetables
Frozen vegetables account for the majority of shares as they are widely used in household and foodservice applications due to their versatility and year-round availability.
Breakup By Distribution Channel:
- Business-to-Consumer (B2C)
- Business-to-Business (B2B)
Business-to-consumer (B2C) hold the majority of shares due to the rising popularity of online grocery shopping and the expansion of retail stores offering frozen produce directly to consumers.
Breakup By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Europe holds the leading position owing to a large market for frozen fruits and vegetables driven by its large consumer base, high preference for healthy and convenient food options, stringent food safety regulations, and strong retail networks.
Top Frozen Fruits and Vegetables Market Leaders: The frozen fruits and vegetables market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.
Some of the key players in the market are:
- Dole Food Company, Inc
- Ardo NV
- HJ Heinz
- Simplot Australia Pty. Ltd
- General Mills
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No: (D) +91 120 433 0800
United States: +1–631–791–1145
Comments