Processed & Frozen Vegetables - Lesotho

Lesotho

Highlights

Revenue in the Processed & Frozen Vegetables market amounts to US$3.23m in 2024. The market is expected to grow annually by 7.24% (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$1.37 are generated in 2024.
In the Processed & Frozen Vegetables market, volume is expected to amount to 1.93m kg by 2029. The Processed & Frozen Vegetables market is expected to show a volume growth of 0.7% in 2025.0.
The average volume per person in the Processed & Frozen Vegetables market is expected to amount to 0.8kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Processed & Frozen Vegetables Market in Lesotho has shown minimal growth due to factors such as limited availability of frozen vegetable options, lower consumer awareness, and traditional preference for fresh produce. This has impacted the market's growth rate, but with increasing health consciousness and convenience of frozen foods, the market is expected to experience steady growth in the coming years.

Customer preferences: Consumers in Lesotho are increasingly turning to processed and frozen vegetables as convenient and time-saving options for their busy lifestyles. This trend is driven by the growing demand for quick and easy meal solutions, as well as the desire for longer shelf life and reduced food waste. Additionally, there is a shift towards healthier eating habits, with consumers becoming more health-conscious and seeking out nutritious options in their food choices. This has led to a rise in demand for frozen vegetables, which are often perceived as being more nutritious due to their preservation process.

Trends in the market: In Lesotho, the Processed & Frozen Vegetables Market of the Vegetables Market within The Food market is experiencing an increase in demand for locally sourced and organic products. This trend is driven by the growing awareness of the health and environmental benefits of consuming fresh and chemical-free vegetables. Additionally, there is a rise in the popularity of plant-based diets, leading to an expansion of the market for frozen and processed vegetable products. These trends are expected to continue, with potential implications for industry stakeholders such as increased competition and the need for innovative and sustainable production methods.

Local special circumstances: In Lesotho, the Processed & Frozen Vegetables Market within The Food market is influenced by the country's mountainous terrain, which limits agricultural production and leads to a high dependency on imported goods. Additionally, cultural preferences for traditional and locally grown vegetables shape the market demand. In terms of regulations, the government's efforts to promote food security and improve the quality of locally produced vegetables have had a significant impact on market dynamics.

Underlying macroeconomic factors: The Processed & Frozen Vegetables Market of the Vegetables Market within The Food market is also impacted by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. Countries with stable economies and favorable government policies that support the growth of the food industry are experiencing faster market growth compared to regions with economic challenges and limited government support. Additionally, the increasing demand for convenience foods and the rising trend of healthy eating among consumers are driving the demand for processed and frozen vegetables, especially in developed countries.

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.