Processed & Frozen Vegetables - EAEU

EAEU

Highlights

Revenue in the Processed & Frozen Vegetables market amounts to US$7.50bn in 2024. The market is expected to grow annually by 10.51% (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$41.03 are generated in 2024.
In the Processed & Frozen Vegetables market, volume is expected to amount to 3.65bn kg by 2029. The Processed & Frozen Vegetables market is expected to show a volume growth of 6.2% in 2025.0.
The average volume per person in the Processed & Frozen Vegetables market is expected to amount to 15.3kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Processed & Frozen Vegetables Market in the EAEU is experiencing mild growth, influenced by factors such as consumer preference for convenient and ready-to-eat options, increasing health consciousness, and adoption of digital technologies in the food industry.

Customer preferences: There is a growing demand for plant-based alternatives in the Processed & Frozen Vegetables Market of the Vegetables Market within The Food market, as more consumers are adopting flexitarian or vegetarian diets. This trend is driven by health concerns, environmental awareness, and ethical considerations. As a result, there is a rise in the availability of innovative plant-based frozen and processed vegetable products, catering to the changing preferences of consumers.

Trends in the market: In the EAEU region, the Processed & Frozen Vegetables Market within The Food market is experiencing a shift towards more sustainable and environmentally-friendly practices. This trend is driven by consumer demand for healthier and more ethically-sourced food options, as well as government initiatives promoting sustainable agriculture. As a result, industry players are investing in innovative technologies and processes to reduce energy consumption and decrease carbon footprint. This trend is expected to continue, with potential implications for industry stakeholders including increased competition, cost savings, and improved brand reputation.

Local special circumstances: In the EAEU region, the Processed & Frozen Vegetables Market of the Vegetables Market within The Food market is heavily influenced by the countries' climatic conditions. For example, Kazakhstan and Kyrgyzstan have colder climates, leading to a higher demand for frozen vegetables, while Armenia and Belarus have more temperate climates, resulting in a higher demand for processed vegetables. Additionally, cultural preferences for certain types of vegetables also impact the market, with Russia and Belarus favoring potatoes and tomatoes, while Armenia and Kazakhstan have a higher demand for carrots and onions. These unique local factors play a significant role in shaping the market dynamics and demand for processed and frozen vegetables in the EAEU region.

Underlying macroeconomic factors: The Processed & Frozen Vegetables Market of the Vegetables Market within The Food market is heavily influenced by macroeconomic factors such as consumer spending, trade policies, and agricultural production. Countries with stable economic conditions and strong agricultural sectors are experiencing higher demand for processed and frozen vegetables, driven by changing consumer preferences and increasing health consciousness. Additionally, trade agreements and policies within the EAEU are also impacting market growth, with the region being a major exporter of processed and frozen vegetables to other countries. The market is also affected by fluctuations in currency exchange rates and government support for the agriculture sector, which can impact production and pricing of processed and frozen vegetables.

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.