Frozen Vegetables Market
The marketplace for frozen greens is ready to witness development at a worth CAGR of 5% over the forecast interval 2021-2031, and be valued at round US$ 57.3 Bn.
NEW YORK, NY, UNITED STATES, October 8, 2022 /EINPresswire.com/ — Consumer desire for comfort meals merchandise is growing steadily as they want to cut back meals preparation time. Busy way of life and getting older inhabitants are driving the necessity for comfort meals. Customers recognize the simplicity of packing, utilization, dietary content material, selection, security, and product enchantment relating to comfort meals. Increasing worth of time and rising wages are driving this seek for comfort.
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Onions, broccoli, potatoes, and tomatoes are among the hottest frozen greens because of their broad availability and ease of preparation. Dehydration and freezing applied sciences are used to arrange most greens, preserving dietary content material in addition to texture and taste for an extended time period. Because of the comfort side, these options increase market development.
Seasonal demand shifts have important ramifications for gamers within the contemporary meals provide chain. Because of rising desire of shoppers for style and taste of all greens at any time of 12 months, meals producers and processors are looking for seasonal merchandise. With developments in meals processing and preservation strategies, producers of frozen meals merchandise are in a position to improve their manufacturing. This allows them to enhance product high quality and cater to growing client calls for.
• In June 2018, B&G Foods, Inc. launched veggie spirals by way of its Green Giant model. This innovation in product choices helped the corporate drive top-line development. The firm has additionally launched three new frozen classes, which embrace a brand new line of natural greens.
• In January 2021, Mother Dairy Fruit & Vegetables Pvt Ltd introduced the launch of two new frozen greens beneath the Safal model, which embrace drumsticks and reduce Okra.
Key Takeaways from Market Study
• The marketplace for frozen greens is predicted to increase at worth CAGRs of 6.2% and 5.5%, respectively in South Asia and East Asia.
• Based on product sort, tomatoes are presently valued at US$ 6.76 Bn.
• Although frozen greens which can be standard in nature have the best market share, demand for natural frozen greens is ready to extend at a CAGR of 5.3%.
• France and India, in Europe and South Asia, are witnessing excessive development charges at CAGRs of 5.5% and 6.1%, respectively.
• Volume of frozen greens in Latin America is presently pegged at 3,371.1 kilo tons.
• Growing desire for seasonal meals is predicted to extend gross sales of frozen greens throughout areas. Based on product sort, demand for beans is predicted to rise at a CAGR of 6.5%.
• Frozen greens are majorly offered by way of hypermarkets/supermarkets, adopted by comfort shops.
• The outbreak of Covid-19 created important challenges for foodservice companies. Many had been shut because of worldwide lockdowns, which resulted in a higher influence on the gross sales of frozen greens.
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“Production of frozen vegetables has been increasing over the past few years with advancements in technology and increased demand from consumers. Rising demand for organic and convenience food products will offer lucrative opportunities to market players,” says a Persistence Market Research analyst.
Competitive Landscape
Manufacturers are targeted on constantly investing in development of know-how and tools to enhance manufacturing to cater to rising demand. Companies are additionally placing emphasis on sourcing extra greens from totally different elements of the world to extend manufacturing.
• In April 2020, Uren Food Group Limited opened a brand new buying and selling workplace in Sabac, Serbia, to develop robust business relations within the area. The new location is without doubt one of the prime rising areas of berries and others, the place the corporate sources plenty of its IQF fruits.
• In November 2017, ITC Limited launched Farmland, a brand new model to supply contemporary fruits & greens. The firm presents modern merchandise comparable to pure low-sugar potatoes, potatoes with pure antioxidants, and others. The firm continues to supply merchandise comparable to child potatoes, French fry potatoes, and frozen greens.
Explore More Valuable Insights
Persistence Market Research, in its new report, presents an neutral evaluation of the worldwide frozen greens market, presenting historic knowledge (2016-2020) and estimation statistics for the forecast interval of 2021-2031.
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The research presents compelling insights based mostly on nature (natural and traditional), product sort (beans, peas, corn and child corn, broccoli and cauliflower, potatoes, onions, tomatoes, carrots, spinach, and others), and distribution channel (business to business (foodservice) and business to client), throughout seven main areas of the world.
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