The "Frozen Vegetables Market - Growth, Trends and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
Global Frozen Vegetable Market is projected to grow at a CAGR of 4.24% during the forecast period 2021-2026.
General Mills Inc
Mother Dairy Fruit & Vegetable Pvt. Ltd.
Key Market Trends
Increasing Demand for Convenience Food Products
Since, globally, the younger population (particularly from the developing countries like India and China), is actively engaged in various professional commitments, they are increasingly looking for food products that can be stored and instantly eaten, also with more shelf life. Therefore, working millennials prefer to buy frozen veggies in order to decrease the vegetable cutting and buying time on a regular basis.
On the other hand, the surge in demand for frozen vegetables seems to be more favorable for products that are convenient to eat and prepare as well. A study analyzed by RaboBank states that the import of frozen sweet potatoes in the European Union, particularly from the United States, has tripled over the last four years, hence citing the level of consumer favoritism in devouring the product.
Europe Holds a Significant Market Share
Demand for convenient meal solutions amongst time-pressured European consumers has been witnessing a continuous increase, which is pushing the market growth of frozen vegetables in the European region. Further, with strong purchasing power and sophisticated consumers, in general, the Europeans tend to mirror the food trends of the Americans.
Increasing consumer spending on eating out, especially the younger consumers are spending more on eating than an average will further boost the revenues in the European frozen vegetable market. Consumers in the region are becoming inclined toward vegan and healthy food as a part of lifestyle change. There has been a considerable shift from high-fat food products to low fat and high protein vegetables and fruits. Hence, boosting the market growth.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Type
5.2 By Distribution Channel
5.2.2 Grocery Stores
5.2.3 Convenience Stores
5.2.4 Other Distribution Channels
5.3 By Geography
5.3.1 North America
126.96.36.199 United States
188.8.131.52 Rest of North America
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
5.3.3 Asia Pacific
18.104.22.168 Rest of Asia-Pacific
5.3.4 South America
22.214.171.124 Rest of South America
5.3.5 Middle East and Africa
126.96.36.199 South Africa
188.8.131.52 Saudi Arabia
184.108.40.206 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 General Mills Inc
6.4.2 Conagra Brands
6.4.3 Pictsweet Farms
6.4.4 Mother Dairy Fruit & Vegetable Pvt. Ltd.
6.4.5 Bonduelle Group
6.4.7 ITC Brands
6.4.9 Al-Kabeer Group
6.4.10 Earthbound Farm
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 IMPACT OF COVID-19 ON THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/qgzm5k
View source version on businesswire.com: https://www.businesswire.com/news/home/20210226005296/en/
Laura Wood, Senior Press Manager
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