It offers qualitative trends and quantitative analysis from 2016 to 2023 to assist stakeholders to understand the market scenario.
Global Frozen Vegetables Market was valued at $25,179 million in 2016 and is expected to garner $34,973 million by 2023, registering a CAGR of 4.7% from 2017 to 2023. Freezing is one of the most widely used methods of food preservation that retains texture, taste, and nutritional value of vegetables for a longer duration.
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Freezing ceases the growth of microorganisms, reduces chemical and cellular metabolic reactions, providing a significantly extended shelf life. Increased disposable income, busy lifestyle, and emerging large retail chains, including hypermarkets and supermarkets in the developing countries such as India and China, have led to the rise in convenience food, thereby driving the frozen vegetables market.
Growth in working women population globally has led to rise in ready-to-eat food, supplementing the frozen vegetable market growth. However, negative perception of consumers about the nutrient content of frozen vegetables and poor refrigeration facilities in semi-urban and rural areas may hamper the market growth.
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The global frozen vegetable market is segmented based on product, end user, distribution channel, and geography. Based on product, it is categorized into asparagus, broccoli, green peas, mushrooms, spinach, corn, green beans, and others.
In terms of end user, it is divided into food service industry and retail customers. Based on distribution channel, the market is classified into discounters, supermarkets/hypermarkets, and others.
The report analyzes the market trends in different geographical regions such as North America, Europe, Asia-Pacific, and LAMEA.
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