Processed & Frozen Vegetables - Mongolia

Mongolia

Highlights

Revenue in the Processed & Frozen Vegetables market amounts to US$35.24m in 2024. The market is expected to grow annually by 11.62% (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$10.09 are generated in 2024.
In the Processed & Frozen Vegetables market, volume is expected to amount to 15.73m kg by 2029. The Processed & Frozen Vegetables market is expected to show a volume growth of 5.3% in 2025.0.
The average volume per person in the Processed & Frozen Vegetables market is expected to amount to 3.7kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Processed & Frozen Vegetables Market in Mongolia is experiencing mild growth, driven by factors such as increasing demand for convenient and healthy food options, and a growing awareness of the benefits of frozen vegetables. The market's growth rate is impacted by factors such as limited access to technology and infrastructure, as well as traditional food preferences in the region.

Customer preferences: Consumers in Mongolia are gravitating towards healthier and more convenient food options, driving the demand for processed and frozen vegetables. This trend is influenced by the growing awareness of the health benefits of incorporating more vegetables into the diet, as well as the need for time-saving solutions in the face of busy lifestyles. Additionally, the rise of urbanization and the increasing number of working women have contributed to the demand for easy-to-prepare and nutritious meals.

Trends in the market: In Mongolia, the Processed & Frozen Vegetables Market within the Vegetables Market is experiencing a shift towards healthier and more convenient options. Consumers are increasingly seeking out frozen vegetables as a time-saving alternative to fresh produce. Additionally, there is a growing demand for organic and sustainably sourced frozen vegetables. These trends are significant as they reflect a changing consumer mindset towards health and sustainability. Industry stakeholders should take note of these trends and adapt their products and marketing strategies accordingly to stay competitive in the market. As technology and innovation continue to advance, there may also be potential for further growth in the online sales of processed and frozen vegetables in Mongolia.

Local special circumstances: In Mongolia, the Processed & Frozen Vegetables Market of the Vegetables Market within The Food market is influenced by the country's vast landscape and nomadic lifestyle. These factors have resulted in a strong demand for long-lasting and easily transportable frozen vegetables. Additionally, Mongolia's cold climate and limited arable land make processing and freezing vegetables a necessary practice for year-round supply. The government's efforts to boost agricultural production and export of processed vegetables have further fueled the growth of this market in Mongolia.

Underlying macroeconomic factors: The Processed & Frozen Vegetables Market of the Vegetables Market within The Food market in Mongolia is influenced by various macroeconomic factors. These include global economic trends, national economic health, fiscal policies, and other financial indicators that impact market performance. For instance, countries with favorable regulatory environments and strong investment in food processing infrastructure are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the growing demand for convenient and healthy food options, coupled with the increasing urbanization and busy lifestyles, are driving the demand for processed and frozen vegetables in Mongolia and other developing 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.