NEW
YORK, June 20, 2024 /PRNewswire/ -- The
global processed vegetable market size is estimated to grow by
USD 89.9 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of over 11.04% during the forecast period. Increasing demand
for processed vegetables is driving market growth, with a
trend towards processed vegetable manufacturers and
distributors venturing into private-label marketplace.
However, threat from unorganized players and intense
competition among vendors poses a challenge. Key market players
include Amazon.com Inc., Archer Daniels Midland Co., Ardo
Coordination Center NV, B and G Foods Inc., Charoen Pokphand Foods
PCL, Conagra Brands Inc., Cooperatie Koninklijke Cosun UA, Dole
plc, Farmers Market Foods Inc., J.D. Irving Ltd., Libbys Brand
Holding, Mitsubishi Corp., Ninos Fresh Cut Fruit and Veg LLC,
NutriAsia Inc., Del Monte Pacific Ltd., Seneca Foods Corp., Smith
Frozen Foods Inc., Sprouts Farmers Market Inc., Sysco Corp., and
The Fresh Gourmet Co..
![Technavio has announced its latest market research report titled Global processed vegetable market 2024-2028 Technavio has announced its latest market research report titled Global processed vegetable market 2024-2028](https://mma.prnewswire.com/media/2442768/Global_processed_vegetable_market_2024_2028.jpg)
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Product (Canned
vegetables, Frozen vegetables, and Fresh-cut vegetables),
Distribution Channel (Hypermarkets and supermarkets, Independent
retailers and convenience store, Speciality food stores, and Online
retailers), and Geography (APAC, North America, Europe, South
America, and Middle East and Africa)
|
Region
Covered
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
Amazon.com Inc., Archer
Daniels Midland Co., Ardo Coordination Center NV, B and G Foods
Inc., Charoen Pokphand Foods PCL, Conagra Brands Inc., Cooperatie
Koninklijke Cosun UA, Dole plc, Farmers Market Foods Inc., J.D.
Irving Ltd., Libbys Brand Holding, Mitsubishi Corp., Ninos Fresh
Cut Fruit and Veg LLC, NutriAsia Inc., Del Monte Pacific Ltd.,
Seneca Foods Corp., Smith Frozen Foods Inc., Sprouts Farmers Market
Inc., Sysco Corp., and The Fresh Gourmet Co.
|
Key Market Trends Fueling Growth
Private-label brands, such as Whole Foods' 365 Everyday Value
and Sysco's FreshPoint, are experiencing substantial growth in the
global retail market for processed vegetables. Key factors include
competitive pricing and easy access. Consumers perceive these
brands as offering high quality at lower prices, particularly for
products like Organic Cut Green Beans, Sliced Beets, and Hearts of
Palm (Salad Cut). Major vendors and distributors are expanding
their product offerings with private-label brands to meet this
demand and gain a competitive edge.
The processed vegetable market is experiencing notable trends in
several areas. Consumers are increasingly seeking convenient and
nutritious food options, leading to a rise in demand for processed
vegetables. The use of modern technology in production processes,
such as freezing and canning, enables longer shelf life and
maintains vegetable quality. Additionally, the focus on reducing
food waste has led to the development of new processing techniques,
like vacuum packaging and modified atmospheric packaging.
Furthermore, the convenience of ready-to-eat and ready-to-cook
products is driving growth in this market. The market is also
witnessing a shift towards organic and natural processed
vegetables, as consumers become more health-conscious. Overall, the
processed vegetable market is evolving to meet changing consumer
preferences and demands.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The processed vegetable market faces challenges from
unorganized players, particularly in India and China, where cottage-scale industries
dominate. This fragmented structure hinders the adoption of
standardization and integration, making it difficult for vendors to
compete against global and regional players. Intense competition
and high purchase volumes encourage new entrants, further
intensifying competition. These factors may hinder the growth of
the global processed vegetable market during the forecast
period.
- The processed vegetable market faces several challenges.
Production processes involve complex steps like conveying, sorting,
cleaning, blanching, and freezing. Costs for these processes can be
high, especially for small-scale producers. Additionally,
maintaining consistent product quality is crucial to meet customer
expectations. Regarding distribution, logistics and transportation
costs can be significant. Furthermore, competition from other
processed food industries and changing consumer preferences pose
challenges. Sustainability and eco-friendliness are
increasingly important factors, requiring investments in
energy-efficient technologies and biodegradable packaging.
Regulations and certifications also add to the complexity and
costs. Overall, the processed vegetable market requires continuous
innovation and adaptation to overcome these challenges.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This processed vegetable market report extensively covers market
segmentation by
- Product
- 1.1 Canned vegetables
- 1.2 Frozen vegetables
- 1.3 Fresh-cut vegetables
- Distribution Channel
- 2.1 Hypermarkets and supermarkets
- 2.2 Independent retailers and convenience store
- 2.3 Speciality food stores
- 2.4 Online retailers
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Canned vegetables- The processed vegetable market
experiences consistent growth due to increasing consumer demand for
convenient and nutritious food options. Supermarkets and retailers
stock a wide range of canned, frozen, and dried vegetables to cater
to this demand. Manufacturers employ modern processing techniques
to ensure product quality and safety. The market is competitive,
with key players focusing on innovation, pricing strategies, and
distribution networks to gain an edge. Overall, the processed
vegetable market is a thriving business sector that continues to
expand.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The processed vegetable market has witnessed significant growth
due to the increasing demand from consumers for convenient and
nutritious food options. With urbanisation and modernisation, there
is a higher preference for processed vegetables that offer mineral,
protein, fibre, vitamin content. Heat treatment and the addition of
natural ingredients are common methods used in processing to
maintain the vegetable's nutritional value. The market includes a
wide range of products such as canned vegetables, frozen
vegetables, and convenience foods. The rise in busy lifestyles and
disposable incomes have led to an increase in the consumption of
processed vegetables, both in supermarkets/hypermarkets and through
online retailing and e-commerce platforms. The reduction in product
diversity due to imports is a challenge for the market, but the
focus on organic and natural fresh products is expected to drive
growth.
Market Research Overview
The Processed Vegetable Market encompasses a wide range of
products derived from various vegetables through various methods
such as freezing, canning, and drying. These methods help preserve
the nutritional value and extend the shelf life of vegetables. The
market is driven by factors such as increasing consumer awareness
about health and nutrition, changing dietary preferences, and the
convenience offered by processed vegetables. The market also faces
challenges such as the high cost of raw materials and the need for
advanced technology to ensure product quality. The market is
segmented based on the type of vegetables, processing methods, and
regions. The future of the processed vegetable market looks
promising with the increasing demand for healthy and convenient
food options.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Canned Vegetables
- Frozen Vegetables
- Fresh-cut Vegetables
- Distribution Channel
-
- Hypermarkets And Supermarkets
- Independent Retailers And Convenience Store
- Speciality Food Stores
- Online Retailers
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio