According to the latest research report by The Insight Partners Frozen Vegetables Market is expected to grow at a CAGR of 4.3% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
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Strong Growth of Frozen Vegetables Market Industry in Developing Countries Drives Frozen Vegetables Market
Due to the rising demand for convenience food and the rise in fast food restaurants, the global market for frozen veggies is predicted to develop at a significant rate throughout the forecast period. Fast food and quick service businesses are expanding as a result of the shifting tastes of their patrons. When dining in these establishments, customers want ease and prompt service. Due to their convenience and reduced preparation time, frozen veggies are becoming more and more popular with quick-service restaurants.
Additionally, customers’ hectic and busy lifestyles are driving up demand for convenience foods, such as frozen goods like frozen vegetables. However, the market’s expansion is being hampered by the increased demand for fresh veggies. Rising demand for frozen vegetables in Asia-developing Pacific’s nations, such China and India, is creating profitable potential for this industry.
Impact of COVID-19 Pandemic on Frozen Vegetables MarketThe COVID-19 epidemic was first identified in Wuhan (China) in December 2019. Regarding confirmed cases and reported deaths as of February 2021, the US, India, Brazil, Russia, the UK, France, Spain, Italy, Turkey, Germany, Colombia, and Argentina are among the worst impacted nations. The most recent WHO statistics show that there are 2,394,323 overall deaths worldwide and 108,484,802 verified cases. Lockdowns, travel restrictions, and company closures caused by the outbreak have had a negative impact on the economics and industries of many different nations. One of the primary industries experiencing significant disruptions, such as supply chain interruptions and production facility closures, is the food and beverage sector.
The market for Frozen Vegetables is concentrated with some very well-established players. Some of the key players in the Frozen Vegetables Market include
- Conagra Brands Inc.
- Goya Foods, Inc.
- B&G Foods, Inc.
- Bhanu Farms
- Cascadian Farm Organic
- Foodnet Ltd
- CROP’S UK
- Bonduelle
- Nature’s Garden
- Ardo
Frozen Vegetables Market is Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America
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