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 Bosnia and Herzegovina is experiencing sluggish growth due to factors such as limited consumer awareness and low adoption of digital technologies. The market's negligible growth can also be attributed to the convenience of locally sourced fresh vegetables.
Customer preferences: The growing popularity of plant-based diets and health-conscious lifestyles has led to a rise in demand for processed and frozen vegetables in Bosnia and Herzegovina. This trend is particularly evident among younger generations, who are more health-conscious and environmentally aware. As a result, there has been an increase in the availability and variety of organic and sustainable frozen vegetable options in the market. Additionally, the convenience and longer shelf life of frozen vegetables have also contributed to their growing popularity among busy consumers.
Trends in the market: In Bosnia and Herzegovina, the Processed & Frozen Vegetables Market of the Vegetables Market within The Food market is experiencing a shift towards healthier and more convenient options. With a growing focus on health and wellness, consumers are seeking out frozen vegetables as a convenient and nutritious alternative to fresh produce. Additionally, there is a rising demand for plant-based and vegan options, driving the development of new frozen vegetable products. This trend is significant for industry stakeholders as it presents opportunities for innovation and diversification, while also addressing the increasing demand for healthy and sustainable food options. However, it also poses challenges in terms of supply chain management and maintaining product quality. As such, companies in this market must stay on top of these trends and adapt their strategies accordingly to remain competitive in the industry.
Local special circumstances: In Bosnia and Herzegovina, the Processed & Frozen Vegetables Market of the Vegetables Market within The Food market is influenced by the country's mountainous terrain and harsh winters, which limit the availability of fresh vegetables year-round. This has led to a high demand for processed and frozen vegetables as a convenient alternative. Additionally, the country's cultural preference for home-cooked meals has also driven the growth of this market, with many households relying on frozen vegetables to prepare traditional dishes. Furthermore, strict regulations on food safety and quality in Bosnia and Herzegovina have also played a significant role in shaping the market dynamics, as consumers prioritize purchasing products from reputable and compliant brands.
Underlying macroeconomic factors: The Processed & Frozen Vegetables Market within the Vegetables Market of Bosnia and Herzegovina is significantly impacted by macroeconomic factors such as trade policies, government regulations, and consumer spending patterns. The country's economic stability, access to resources, and import/export regulations greatly influence the growth and performance of the market. Furthermore, global economic trends, such as changes in food consumption patterns and shifts in consumer preferences towards healthier and convenient food options, also impact the market. The government's fiscal policies, investment in infrastructure, and support for the agriculture sector also play a significant role in shaping the Processed & Frozen Vegetables Market in Bosnia and Herzegovina. These factors, combined with the increasing demand for processed and frozen vegetables due to their longer shelf life and convenience, are expected to drive the growth of the market in the coming years.
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