Processed & Frozen Vegetables - BRICS

BRICS

Highlights

Revenue in the Processed & Frozen Vegetables market amounts to US$106.00bn in 2024. The market is expected to grow annually by 8.28% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$58bn in 2024).
In relation to total population figures, per person revenues of US$32.15 are generated in 2024.
In the Processed & Frozen Vegetables market, volume is expected to amount to 54.11bn kg by 2029. The Processed & Frozen Vegetables market is expected to show a volume growth of 6.0% in 2025.0.
The average volume per person in the Processed & Frozen Vegetables market is expected to amount to 13.1kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Processed & Frozen Vegetables Market in BRICS is facing subdued growth, impacted by factors such as changing consumer preferences, trade barriers, and supply chain disruptions. Despite this, the demand for convenient and healthy food options is driving the market's growth, with increasing adoption of frozen and processed vegetables. The market is expected to see significant growth in the coming years, driven by the rising health consciousness among consumers and the convenience of ready-to-eat frozen vegetables.

Customer preferences: Consumers are becoming more health-conscious and looking for convenient and nutritious food options, leading to a rise in demand for processed and frozen vegetables. This trend is particularly evident in the BRICS countries, where there is a growing awareness about the benefits of incorporating vegetables into the diet. Additionally, the increasing prevalence of busy lifestyles and the need for quick and easy meal solutions have also contributed to the popularity of processed and frozen vegetables in these markets.

Trends in the market: In the BRICS countries, the Processed & Frozen Vegetables Market of the Vegetables Market within The Food market is experiencing a shift towards more sustainable and environmentally friendly practices. This trend is driven by increasing consumer demand for organic and pesticide-free products, as well as government initiatives promoting sustainable agriculture. This trajectory is significant as it presents opportunities for industry stakeholders to tap into the growing market for sustainable products. Furthermore, this trend has implications for the entire food industry, as it highlights the importance of sustainability and eco-consciousness in consumer preferences.

Local special circumstances: In China, the Processed & Frozen Vegetables Market is heavily influenced by the country's vast population and its strong demand for convenient and ready-to-eat food options. Additionally, the government's strict regulations on food safety and quality control have played a crucial role in shaping the market. In South Africa, the market is driven by the rising health consciousness among consumers, leading to a growing demand for frozen vegetables as a healthier alternative to traditional processed foods. The country's diverse population and their preferences for different types of vegetables also contribute to the unique dynamics of the market.

Underlying macroeconomic factors: The Processed & Frozen Vegetables Market, within the larger Vegetables Market of The Food market, is also impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. Countries with stable economic conditions and supportive fiscal policies are experiencing higher market growth compared to regions with economic instability and restrictive policies. Furthermore, the rising demand for convenience and longer shelf-life products, coupled with increasing health consciousness among consumers, is driving the growth of the Processed & Frozen Vegetables Market in BRICS countries. Additionally, investments in modern infrastructure and technological advancements in food processing are further supporting the growth of this market.

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.