Definition:
The Processed and Frozen Vegetables market covers products made from edible plants (whole or part of) that have been canned, frozen, dehydrated, and pickled.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Processed & Frozen Vegetables Market in APAC is experiencing minimal growth, driven by factors such as increasing demand for convenient and healthy food options, as well as growing health consciousness. Factors such as changes in consumer preferences, technological advancements, and increasing government support are impacting the market's growth rate.
Customer preferences: Consumers in APAC are showing a growing preference for processed and frozen vegetables due to their convenience and longer shelf life. This trend is driven by busy lifestyles and increasing urbanization in the region. Furthermore, with the rise of health-consciousness, there is a growing demand for sustainably-sourced and minimally processed frozen vegetables. This is reflected in the increasing availability of organic and non-GMO options in the market. Additionally, the adoption of Western diets and increasing demand for international cuisines are also contributing to the growth of the processed and frozen vegetables market in the region.
Trends in the market: In APAC, the Processed & Frozen Vegetables Market is experiencing a surge in demand due to the increasing popularity of convenience foods and the growing trend of health-conscious consumers opting for frozen vegetables as a healthier alternative to fast food. This trend is expected to continue, driven by the rising urbanization and busy lifestyles in the region. Additionally, there is a growing preference for organic and non-GMO frozen vegetables, reflecting the increasing awareness of clean eating. This presents opportunities for industry players to innovate and expand their product offerings to cater to these evolving consumer preferences.
Local special circumstances: In Japan, the Processed & Frozen Vegetables Market of the Vegetables Market within The Food market is influenced by the country's preference for convenience and efficiency. With a busy lifestyle and limited space for gardening, the demand for pre-cut and pre-packaged frozen vegetables is on the rise. Additionally, strict regulations on pesticide use and food safety standards have led to the popularity of frozen vegetables, as they are perceived to be safer and healthier than fresh produce.
Underlying macroeconomic factors: The Processed & Frozen Vegetables Market of the Vegetables Market within The Food market is influenced by macroeconomic factors such as changing consumer preferences, rising disposable income, and increasing urbanization in the APAC region. The growing demand for convenience and ready-to-eat food products is fueling the growth of the market. Additionally, favorable government policies and investments in the food processing industry are further boosting market growth. However, high production costs and supply chain issues can hinder market growth in some countries. Overall, the market is expected to experience steady growth due to the positive economic outlook and changing consumer behavior in the APAC region.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights