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
In Mexico, the Processed & Frozen Vegetables Market within The Food market is experiencing minimal growth due to various factors such as low consumer awareness, limited availability of online services, and challenges in supply chain management. Despite this, the market continues to grow slowly in response to increasing health consciousness and demand for convenience.
Customer preferences: With the rise of health consciousness and busy lifestyles, there has been a growing demand for convenient and healthy food options, including processed and frozen vegetables. Consumers are increasingly seeking plant-based alternatives to traditional meat products, driven by health and environmental concerns. This trend is further fueled by the rise of vegan and vegetarian diets, especially among younger demographics. As a result, the processed and frozen vegetable market is expected to witness significant growth in the coming years, as consumers prioritize convenience, health, and sustainability in their food choices.
Trends in the market: In Mexico, the Processed & Frozen Vegetables Market within the Vegetables Market of The Food market is experiencing a shift towards healthier, more convenient options. This trend is driven by the increasing health consciousness among consumers and the demand for easy-to-prepare meals. Industry stakeholders are responding by introducing innovative products such as frozen vegetable blends and pre-cut vegetables. Moreover, there is a growing interest in plant-based diets, leading to the launch of more vegetarian and vegan frozen options. These developments indicate a potential growth opportunity for the industry, as well as the need for sustainable sourcing and production practices to meet consumer demands.
Local special circumstances: In Mexico, the Processed & Frozen Vegetables Market within the Vegetables Market is heavily influenced by the country's close proximity to the United States. This has led to an increase in demand for frozen vegetables from the US market, as well as an influx of American processed vegetable brands into the Mexican market. Additionally, the Mexican government has implemented strict regulations on food safety and labeling, which has impacted the production and distribution of processed and frozen vegetables in the country. Moreover, the cultural preference for fresh produce in Mexican cuisine has also posed a challenge for the growth of the processed and frozen vegetables market.
Underlying macroeconomic factors: The Processed & Frozen Vegetables Market within the Vegetables Market of The Food market in Mexico is heavily influenced by macroeconomic factors such as trade policies, agricultural production, and consumer spending. Mexico is a major exporter of processed and frozen vegetables, with a strong presence in the global market. The country's agricultural production and trade policies play a crucial role in determining the availability and cost of raw materials for processing and freezing vegetables. Additionally, consumer spending patterns and economic growth in Mexico impact the demand for processed and frozen vegetables, as these products are considered convenient and cost-effective options in The Food 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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights