Asia Pacific Frozen Vegetables Market

Asia-Pacific Frozen Vegetables Market Forecast to 2027 – COVID-19 Impact and Analysis – By Type (Potato, Green Peas, Spinach, Mushrooms, Corn, Mixed Vegetables, Broccoli, Carrot, and Others) and End User (Foodservice and Food Retail)

Number of Pages- 71

Market Introduction

Vegetables that are packed and stored at freezing temperatures prior to their consumption are known as frozen vegetables. Frozen vegetables cater to such needs of the consumers and also provide them with nutrition. The market growth can be attributed to the growth of fast food restaurants and increasing demand for convenience food. However, the market is expected to witness hurdles in its growth due to the increasing demand for fresh food products, especially in the developed nations. Hike in consumption of organic frozen vegetables is expected to render growth opportunities to the vendors active in the Asia-Pacific frozen vegetables market.

Asia Pacific Frozen Vegetables Strategic Insights

Strategic insights for the Asia Pacific Frozen Vegetables provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Frozen Vegetables Report Scope

Asia Pacific Frozen Vegetables Regional Insights

The geographic scope of the Asia Pacific Frozen Vegetables refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The frozen vegetables market in Asia-Pacific was valued at US$ 4,480.30 million in 2019 and is projected to reach US$ 6,596.56  million by 2027; it is expected to grow at a CAGR of 5.0% from 2019 to 2027. Increasing demand of frozen vegetables from Asia-Pacific is the key factors expected to drive the market. The major opportunity in the frozen vegetables industry is the rise in demand from developing countries of Asia-Pacific. China and India are one of the leading markets in the region. Emerging economies in Asia-Pacific are contributing to the growth of the frozen vegetables market and are providing huge opportunities for this market. Many food companies and outlets have expanded their presence in the Asia-Pacific frozen vegetables market. Growth of quick service restaurants and foodservice outlets in the region has been one of the major opportunities for the frozen vegetables market to grow in these regions. The lifestyle of the consumers in these regions is changing, and people are moving to a busy lifestyle. Increasing per capita disposable income, rise in women employment rate, and rising urbanization are yet another determinants boosting the demand for convenient and ready to eat food products including frozen vegetables.

The COVID-19 is anticipated to cause a loss of more than 3 Billion in the Asia-Pacific region. The consequence and impact can be even worse and totally depends on the spread of the virus. The government of Asia-Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus, influence the revenue generated by the market. The Airports Council International (ACI) Asia-Pacific warned that the prolonged duration of the COVID-19 (COVID-19) outbreak would drastically affect the regions airports connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects. Such closures are anticipated to negatively influence market growth in the coming period. Until now, India has the highest number of COVID -19 confirmed cases.

Key Market Segments

In terms of type, the mixed vegetables accounted for the largest share of the APAC frozen vegetables market. In terms of end user, the foodservice segment held a larger market share of the APAC frozen vegetables market in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Frozen Vegetables market in Asia-Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Conagra Brands Inc., Goya Foods, Inc., Bonduelle, Foodnet Ltd, and Ardo among others.

Reasons to buy report

• To understand the Asia-Pacific Frozen Vegetables market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia-Pacific Frozen Vegetables market
• Efficiently plan M&A and partnership deals in Asia-Pacific Frozen Vegetables market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia-Pacific Frozen Vegetables market
• Obtain market revenue forecast for market by various segments from 2017-2027 in Asia-Pacific region.

Asia-Pacific Frozen Vegetables Market Segmentation

Asia-Pacific Frozen Vegetables Market, by

Type

• Potato
• Green Peas
• Spinach
• Mushrooms
• Corn
• Mixed Vegetables
• Broccoli
• Carrot
• Others

Asia-Pacific Frozen Vegetables Market, by

End User

• Foodservice
• Food Retail

Asia-Pacific Frozen Vegetables Market, by

Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of Asia Pacific

Company Profiles

• Conagra Brands Inc.
• Goya Foods, Inc.
• FOODNET LTD
• BONDUELLE
• Ardo