(Food-Beverage-News.Com, October 24, 2019 ) Market Overview: Frozen vegetables are a class of vegetables whose temperature is reduced and maintained below their freezing point. Freezing is performed to increase the shelf life and hold nutritional qualities of vegetables for longer time. Apart from freezing process, vegetables undergo operations such as washing, peeling, grading, cutting, blanching of enzymatic activity depending upon the vegetable category.
The per capita consumption of frozen vegetables has seen a significant pump by the consumers in the U.S. and the developed European economies such as Germany, France, and Italy. Growing demand for convenience and ready-to-cook food are driving the frozen vegetables market globally.
Market Dynamics: High disposable income of individuals has increased the popularity of convenience food, thus increased consumption for frozen vegetables from consumers across the developed nations. The growth of the frozen vegetables market can be attributable to factors such as the growing demand for vegetables, lack of availability of fresh vegetables in winters, and rising demand for ready-to-cook vegetables. The imports of frozen vegetables has significantly increased in low-temperature prone countries across the globe. The U.S., Japan, Germany, France, U.K., and Netherlands are the largest importers of frozen vegetables.
Market Segmentation: Frozen vegetables market is segmented on the basis of product into Asparagus, Broccoli, Green Peas, Spinach, Corn, Mixed vegetables and others. Corn is dominating the Frozen Vegetables Market owing to its extensive usage in household and institutional buyers in production of daily foods. Presence of huge consumer base for corn in both developed & developing nations and seasonal production nature of corn led to increased production and consumption of frozen corn across the globe.
According to national Agricultural Statistics Service, processed sweet corn (both canned and frozen) accounted to 2.5 million tons with a crop value of approximately USD 255.5 million in 2015.
Geographical Analysis: Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
Europe is dominating the Frozen Vegetables Market owing to the growing consumer demand for convenient and fast-to-prepare foods. Europe region also evolved as the largest importer of frozen vegetables with imports valued $3.34 billion and a share of 53% in global imports in 2017.
Japan frozen vegetable market has seen growth of approximately 18% over last decade and is likely to witness the highest growth in frozen vegetable market over the forecast period. The shifting Japanese consumer preferences towards convenience foods and decreased production of fresh vegetables due to frequent occurrence of natural disasters are driving the frozen vegetables market in the country.
Competitive Analysis: Some of the key players in the Frozen Vegetables market includes Birdeye, B&G Foods North America, Inc., Brecon Foods Inc., Bonduelle Group, and Cascadian Farm Organic.
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