Processed & Frozen Vegetables - Taiwan

Taiwan

Highlights

Revenue in the Processed & Frozen Vegetables market amounts to US$2.23bn in 2024. The market is expected to grow annually by 3.70% (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$93.28 are generated in 2024.
In the Processed & Frozen Vegetables market, volume is expected to amount to 917.90m kg by 2029. The Processed & Frozen Vegetables market is expected to show a volume growth of 3.3% in 2025.0.
The average volume per person in the Processed & Frozen Vegetables market is expected to amount to 33.0kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Processed & Frozen Vegetables Market in Taiwan is facing negligible growth, impacted by factors such as increasing health consciousness among consumers and the convenience of online food services. This market has been experiencing significant growth due to the adoption of digital technologies.

Customer preferences: The Processed & Frozen Vegetables Market within the Vegetables Market is experiencing a shift towards healthier and more convenient options. As consumers become more health-conscious, there is a growing demand for plant-based and organic frozen vegetables. This trend is also driven by the increasing number of individuals following vegetarian or vegan diets. Additionally, the rise of busy lifestyles has led to a preference for quick and easy meal solutions, making frozen vegetables a popular choice.

Trends in the market: In Taiwan, the Processed & Frozen Vegetables Market of the Vegetables Market within The Food market is also experiencing current trends. One significant trend is the growing demand for organic and non-GMO processed and frozen vegetables. This trend is driven by increased health consciousness and consumers' desire for healthier and more sustainable food options. Another trend is the rise of convenient and ready-to-eat frozen vegetable products, catering to busy lifestyles and the growing demand for quick and easy meal solutions. These trends are expected to continue and have implications for industry stakeholders, such as the need to adapt to changing consumer preferences and invest in sustainable and technologically advanced production methods.

Local special circumstances: In Taiwan, the Processed & Frozen Vegetables Market within The Food market is heavily influenced by the country's cultural preference for fresh and organic produce. This has led to the development of innovative freezing and packaging techniques to preserve the quality and taste of vegetables. Additionally, Taiwan's strict food safety regulations and high demand for convenience have driven the growth of frozen vegetable consumption, as it offers a safe and convenient option for busy consumers.

Underlying macroeconomic factors: The Processed & Frozen Vegetables Market of the Vegetables Market within The Food market in Taiwan is heavily influenced by various macroeconomic factors. One of the key drivers of market growth is the increasing demand for convenience food products due to the busy lifestyles of consumers. Additionally, the growing health consciousness and rising disposable incomes of consumers are also fueling the demand for processed and frozen vegetables. Moreover, favorable government initiatives and investments in the food industry in Taiwan are boosting market growth. On the other hand, economic downturns and fluctuating food prices can negatively impact market performance. Furthermore, changing consumer preferences and the availability of alternative food options can also affect market dynamics. Overall, the Processed & Frozen Vegetables Market in Taiwan is closely tied to the country's economic health and regulatory environment, making it crucial to monitor these factors for market success.

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.