The global frozen vegetables market is on an upward trajectory owing to burgeoning economies and rising disposable incomes among consumers

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Published Feb 26, 2024

Tridge summary

The global frozen vegetables market is experiencing robust growth, with a market value of US$ 38,357.4Mn in 2023, driven by rising disposable incomes and changing lifestyle preferences. The U.S. holds the largest market share, with Europe and North America being the leading regions for demand. The market is seeing growth in various business-to-consumer segments, particularly in hypermarkets and supermarkets. Key trends include increasing health awareness, the need for convenience, sustainability, and innovative packaging. Companies are responding to these trends with product innovation, expansion of distribution channels, strategic partnerships, acquisitions, and a focus on sustainability.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The global frozen vegetables market has experienced robust sales in the historical period assessment, exhibiting a growth rate of 3.1% during (2018-2022). In 2023, the market value surged to US$ 38,357.4Mn, marking a notable increase. This growth trend is anticipated to continue, driven by burgeoning economies and rising disposable incomes among consumers, particularly in the food and beverage sector, according to the latest analysis by Persistence Market Research. The expansion of the global frozen food industry has been propelled by heightened consumption and demand for frozen meals, especially in emerging economies of the Asia Pacific region such as Japan and India. Factors such as increasing disposable incomes and evolving lifestyle preferences contribute to this growth trajectory. Europe stands out as the primary demanding region for frozen vegetables, closely followed by North America. The proliferation of large retail outlets, including hypermarkets/supermarkets and other ...

Source: Smart Farmer Kenya