Frozen Vegetables Market Report by Product (Corn, Asparagus, Spinach, Green Peas, Broccoli, Mushroom, Green Beans, and Others), End-User (Food Service Industry and Retail Customers), Distribution Channel (Discounters, Supermarket/Hypermarket, and Others), Region and Company Analysis 2024-2032
Buy NowFrozen Vegetables Market Analysis
Frozen Vegetables Market was valued at US$ 34.26 Billion in 2023. It is projected to increase at a CAGR of 5.04% from 2024 to 2032. Renub Research forecasted the value to be US$ 53.34 Billion by 2032.
The items that go through fast freezing after harvest are frozen vegetables. It is done to preserve their nutritional value and freshness are frozen vegetables. Their recognition has surged due to convenience and extended shelf life. Irrespective of seasonal availability they provide year-round access to various veggies. Advancements in freezing technology have increased texture and taste. This further makes them akin to their fresh counterparts. The focus on healthy eating and busy lifestyles has made them a staple in many families worldwide.
Frozen Vegetables Market Trends
• Increasing desire for Convenience Foods
The surging demand for convenience food drives the frozen vegetables market. Clients prioritize nutrients and simplicity of preparation in this fast-paced world. A Pew Research 2018 survey determined that 6 in 10 of American adults feel too busy to enjoy lifestyles. This is a sentiment that 60% of respondents have also echoed in 2023. Frozen veggies meet this need by presenting a hassle-free answer for busy people and families. Despite seasonal constraints they require minimum preparation and are available year-round. Advancements in freezing technologies ensure that this merchandise maintains quality and freshness. This makes them a desired choice for fitness-aware consumers seeking comfort without compromising nutrition.
• Innovations in Product offerings and Packaging
Product services and packaging innovation are fueling momentum in the frozen vegetables market. Companies introduce options like unique blends and seasoned varieties, meeting evolving consumer choices. Advanced packaging technology complements convenience, shelf life, and sustainability with innovations like resealable bags and portion-managed packaging. These developments attract new clients and force repeat purchases. This propels the overall marketplace boom.
• Surge in Female Employment
The boom in the female workforce has spurred an elevated reliance on ready-to-eat and convenient food alternatives. This is propelling the demand for frozen vegetables. The World Economic Forum says that the Government and Public sector accounted for almost half (49.7%) of the team of employees in 2023. With more women joining the group of workers, there is a growing need for time-saving meal solutions. Frozen vegetables provide a convenient and efficient way to consume nutrition without extensive preparation. This trend mirrors a broader shift toward comfort-driven intake, prioritizing ease and efficiency.
• Broadening Retail Channels
Expanding retail channels is essential for boosting accessibility and visibility in the frozen vegetables market and driving the increase. As patron demand for convenience rises, manufacturers diversify distribution networks. This spans traditional grocery stores, online structures, specialty food shops, and convenience stores. According to the American Frozen Food Institute, while online household purchases plateaued in 2022, order frequency and spending per trip elevated. With the share of online sales rising from 0.9% in 2019 to 2.9% in 2022, broadening presence throughout various retail channels enables frozen vegetable brands to attain a much broader target market.
United States Frozen Vegetables Market
The United States holds an enormous role in the worldwide frozen vegetables market. Its favorable agricultural conditions help this growth. With substantial fertile land and a temperate climate, the state can adopt large-scale production of diverse vegetables to fulfill enterprise necessities. According to USDA estimates for 2023, the country's output of 26 vegetable and melon crops amounted to 758 million cwt, a 6 percent increase from the previous year. Notably, tomatoes, onions, and sweet corn emerged as the three most prominent crops, constituting fifty-four percent of the whole vegetable production.
The US also employs present-day freezing strategies in its superior food processing sector to maintain vegetables' freshness, nutrients, and taste. Benefiting from a robust cold chain infrastructure, it guarantees efficient transportation and storage of frozen vegetables, minimizing spoilage and ensuring consistent satisfaction. The state's customer base increasingly prefers convenience foods, spurring demand for brief and easy-to-prepare frozen vegetables amidst busy lifestyles.
Frozen Vegetables Company News
The leading businesses in the frozen vegetables market are General Mills Inc., Conagra Brands, Hormel Foods, Unilever PLC, The Kraft Heinz Company, Nomad Foods Ltd, B&G Foods, Inc., and Greenyard.
- In February 2024 - Twin City Foods and Smith Frozen Foods are prominent players in the US frozen food sector. They have entered a non-binding agreement to merge, forming a unified entity named TCF Holdings, Inc.
- In April 2023 - No Meat Factory, a Canadian company specializing in plant-based meat alternatives, acquired a former frozen vegetable processing plant previously owned by Twin City Foods in Stanwood, Washington, for US$ 19.4 Million.
Product – Frozen Vegetables Market breakup in 2 viewpoints:
1. Corn
2. Asparagus
3. Spinach
4. Green Peas
5. Broccoli
6. Mushroom
7. Green Beans
8. Others
End-User – Frozen Vegetables Market breakup in 2 viewpoints:
1. Food Service Industry
2. Retail Customers
Distribution Channel – Frozen Vegetables Market breakup in 2 viewpoints:
1. Discounters
2. Supermarket/Hypermarket
3. Others
Country – Frozen Vegetables Market breakup of 25 Countries:
1. North America
1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherland
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa
All the Key players have been covered from 3 Viewpoints:
• Overview
• Recent Development
• Revenue Analysis
Company Analysis:
1. General Mills Inc.
2. Conagra Brands
3. Hormel Foods
4. Unilever PLC
5. The Kraft Heinz Company
6. Nomad Foods Ltd
7. B&G Foods, Inc.
8. Greenyard
Report Details:
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2019 - 2023 |
| Forecast Period | 2024 - 2032 |
| Market | US$ Billion |
| Segment Covered | Product, End User, Distribution Channel, and Countries |
| Countries Covered | United States, Canada, France, Germany, Italy, Spain, United Kingdom, Belgium, Netherlands, Turkey, China, Japan, India, South Korea, Thailand, Malaysia, Indonesia, Australia, New Zealand, Brazil, Mexico, Argentina, Saudi Arabia, UAE, and South Africa |
| Companies Covered | General Mills Inc., Conagra Brands, Hormel Foods, Unilever PLC, The Kraft Heinz Company, Nomad Foods Ltd, B&G Foods, Inc., and Greenyard |
| Customization Scope | 20% Free Customization |
| Post-Sale Analyst Support | 1 Year (52 Weeks) |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Frozen Vegetables Market
6. Market Share – Frozen Vegetables Analysis
6.1 By Product
6.2 By End User
6.3 By Distribution Channel
6.4 By Countries
7. Product – Frozen Vegetables Market
7.1 Corn
7.2 Asparagus
7.3 Spinach
7.4 Green Peas
7.5 Broccoli
7.6 Mushroom
7.7 Green Beans
7.8 Others
8. End User – Frozen Vegetables Market
8.1 Food Service Industry
8.2 Retail Customers
9. Distribution Channel – Frozen Vegetables Market
9.1 Discounters
9.2 Supermarket/Hypermarket
9.3 Others
10. Countries – Frozen Vegetables Market
10.1 North America
10.1.1 United States
10.1.2 Canada
10.2 Europe
10.2.1 France
10.2.2 Germany
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Belgium
10.2.7 Netherland
10.2.8 Turkey
10.3 Asia Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 South Korea
10.3.5 Thailand
10.3.6 Malaysia
10.3.7 Indonesia
10.3.8 Australia
10.3.9 New Zealand
10.4 Latin America
10.4.1 Brazil
10.4.2 Mexico
10.4.3 Argentina
10.5 Middle East & Africa
10.5.1 South Africa
10.5.2 Saudi Arabia
10.5.3 UAE
11. Porter’s Five Forces Analysis – Frozen Vegetables Market
11.1 Bargaining Power of Buyers
11.2 Bargaining Power of Suppliers
11.3 Degree of Rivalry
11.4 Threat of New Entrants
11.5 Threat of Substitutes
12. SWOT Analysis – Frozen Vegetables Market
12.1 Strength
12.2 Weakness
12.3 Opportunity
12.4 Threat
13. Key Players
13.1 General Mills Inc.
13.1.1 Overview
13.1.2 Recent Development
13.1.3 Revenue Analysis
13.2 Conagra Brands
13.2.1 Overview
13.2.2 Recent Development
13.2.3 Revenue Analysis
13.3 Hormel Foods
13.3.1 Overview
13.3.2 Recent Development
13.3.3 Revenue Analysis
13.4 Unilever PLC
13.4.1 Overview
13.4.2 Recent Development
13.4.3 Revenue Analysis
13.5 The Kraft Heinz Company
13.5.1 Overview
13.5.2 Recent Development
13.5.3 Revenue Analysis
13.6 Nomad Foods Ltd
13.6.1 Overview
13.6.2 Recent Development
13.6.3 Revenue Analysis
13.7 B&G Foods, Inc.
13.7.1 Overview
13.7.2 Recent Development
13.7.3 Revenue Analysis
13.8 Greenyard
13.8.1 Overview
13.8.2 Recent Development
13.8.3 Revenue Analysis
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