Processed & Frozen Vegetables Market Size, Share, & Trends Analysis Report By Product (Dried, Canned, Frozen), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2022 - 2028

Report Overview

The global processed & frozen vegetables market size was valued at USD 77.97 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.9% from 2022 to 2028. The rapidly developing processed food industry and rising spending on food products, specially packaged vegetables, are expected to promote market growth in the coming years. Moreover, the continuous development of innovative products and attractive packaging increases the demand for processed vegetables in emerging economies.

The rising health concerns and increasing awareness about the benefits of processed vegetables among consumers across the globe are the major driving factors in the market during the last few years. In addition to this, the growing middle-class population, coupled with increasing disposable income and urbanization across the globe, are anticipated to drive the growth of the global market. Furthermore, the rising trend of consuming convenience food in developed and developing countries is one of the major driving forces of the market.  

Moreover, several manufacturers are investing in the integration of automation and robotics with processing equipment, to improve the quality of the products and reduce the operating cost, which is expected to boost the market growth in the upcoming years. However, in the U.S., government agencies such as the U.S. Department of Agriculture (USDA) and the Food and Drug Administration (FDA) have introduced multiple federal regulations and guidelines for microbial food safety and agriculture management.  

The lockdown norms announced during the COVID-19 pandemic had disturbed transportation and suspended the supply of vegetable products for a short duration, while also having a significant impact on the export and import of processed & frozen vegetables across the globe. The increasing demand for packaged food after the COVID-19 pandemic will create various growth opportunities for the market players. Thus, the market is expected to witness healthy growth in the upcoming years.

Distribution Channel Insights

The offline channel contributed a share of almost 81% in the global processed & frozen vegetable market in 2021. Consumers are preferring the offline channel for purchasing consumer goods, groceries, as well as processed food products, where they can physically verify the product quality. Moreover, easy access and searchability for various processed vegetable products in stores are factors likely to drive the segment growth in the coming years. Offline channels are expected to remain dominant in the forecast period due to improved distribution networks across the globe.

The online segment of the processed & frozen vegetable industry is anticipated to register the fastest CAGR of 4.6% from 2022 to 2028. The internet penetration rate has witnessed lucrative growth in recent years, which has led to the significant growth of the e-commerce sector across the globe. Several manufacturers of these products are offering products on their websites as well as on e-commerce platforms, which has projected market growth during the forecast period.

Product Insights

The canned product segment contributed to the largest revenue share of more than 38% in the global market for processed & frozen vegetables in 2021 and is expected to advance at a CAGR of 3.7% from 2022 to 2028. The increasing popularity of canned products is poised to drive growth in the forecast period. Moreover, rising health concerns among consumers have increased the demand for low-calorie food to avoid health complications, stimulating market growth. Canned vegetables are very healthy and nutritious, which in turn will accelerate the market growth during the forecast timeline.

The frozen segment is expected to advance at the fastest growth rate of 4.3% from 2022 to 2028. Frozen vegetables are convenient, nutritious, and healthy, and are made available to consumers through retail channels. Moreover, the growing popularity and demand for frozen food, coupled with the increasing disposable income of the consumers, are significant factors of the market growth. Additionally, technological developments and advancements in the manufacturing of frozen food products are set to drive the growth of this segment during the forecast period.

Regional Insights

North America was the leading region in the market for processed & frozen vegetables, with over 32% revenue share in 2021. The increasing awareness about the health benefits of consuming processed vegetables in this region is propelling the growth of the market. Moreover, rapid changes in the lifestyle of consumers who are more concerned about their health and wellness are boosting the industry's growth in recent years. The rising consumption of packaged food products in the U.S. and Canada due to the presence of high nutrition and low calories in vegetables has driven the regional market growth.

Asia Pacific is poised to be the fastest-growing regional market, witnessing a CAGR of 5.0% from 2022 to 2028. China, India, and Japan have a huge consumer base for the consumption of processed & frozen vegetables, which will drive the regional demand. Moreover, the region is expected to be driven substantially by the growing disposable income and rising population. In addition to this, growth in the number of health-conscious consumers is expected to boost the industry growth in the upcoming years.

Key Companies & Market Share Insights

The market consists of various established players, coupled with local manufacturers spread across economies. Various manufacturers and suppliers are expected to focus on the logistic development and strengthening of the distribution channel to grow their business. Such initiatives will boost the demand for these products among consumers around the globe shortly. Some of the key players operating in the global processed & frozen vegetable market include:

• Seneca Foods

• Conagra Brands Inc.

• Dole Food Company

• Del Monte Foods Inc.

• Rhodes Food Group

• Kangfa Foods

• Greencore Group PLC

• McCain Foods Ltd.

• SVZ USA Inc

Processed & Frozen Vegetables Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global processed & frozen vegetables market report on the basis of product, distribution channel, and region:

• Product Outlook (Revenue, USD Million, 2017 - 2028)

  • Dried

  • Canned

  • Frozen

• Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)

  • Offline

  • Online

• Regional Outlook (Revenue, USD Million, 2017 - 2028)

  • North America

    • U.S.

  • Europe

    • Germany

    • U.K.

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa