Middle East & Africa Frozen Vegetables Market
No. of Pages: 71 | Report Code: TIPRE00020313 | Category: Food and Beverages
No. of Pages: 71 | Report Code: TIPRE00020313 | Category: Food and Beverages
Middle East & Africa 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 Middle East & Africa frozen vegetables market.
Strategic insights for the Middle East & Africa 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.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 439.60 Million |
| Market Size by 2027 | US$ 621.84 Million |
| Global CAGR (2019 - 2027) | 4.5% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East & Africa 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 the Middle East & Africa was valued at US$ 439.60 million in 2019 and is projected to reach US$ 621.84 million by 2027; it is expected to grow at a CAGR of 4.5% from 2019 to 2027. Increasing demand of frozen vegetables from Saudi Arabia and South Africa is the key factors expected to drive the market. Saudi Arabia and South Africa are one of the leading markets in the region. Emerging economies in the Middle East & Africa 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 frozen vegetables market in the region. 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.
However, rising consumer preference for fresh and natural products may hinder Frozen Vegetables growth in the Middle East & Africa. Besides, COVID-19 is anticipated to cause heavy loss in the Middle East & Africa economy. Saudi Arabia has the largest COVID-19 cases in the Middle East and Africa region, and is followed by South Africa and UAE, among others. UAE was the first country in the Middle East and Africa to report a confirmed case of COVID-19.
Key Market Segments
Based on type, the frozen vegetables market is segmented into potato, green peas, spinach, mushrooms, corn, mixed vegetables, broccoli, carrot, and others. The mixed vegetables segment dominated the market in 2019 and is expected to maintain its dominance throughout the forecast period. However, the corns segment is expected to register the highest growth rate during the upcoming years owing to the rising consumption of corns in various meals and snacks.
On the basis of end user, the market is segmented into foodservice and food retail. The food retail segment dominated the Middle East & Africa frozen vegetables market in terms of value in 2019. However, the foodservice segment is expected to register a higher CAGR during the forecast period 2020–2027. Frozen vegetables and their different types have been increasingly in demand from fast-food chains, hotels, and quick-service restaurants. These frozen vegetables are now beginning to be accepted commercially on a large scale due to their ease of use and the reduced preparation time.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the frozen vegetables market in the Middle East & Africa 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, Nature’s Garden, and Ardo among others.
Reasons to buy report
Middle East & Africa Frozen Vegetables Market Segmentation
Middle East & Africa Frozen Vegetables Market, by Type
Middle East & Africa Frozen Vegetables Market, by End User
Middle East & Africa Frozen Vegetables Market, by Country
Company Profiles
The Middle East & Africa Frozen Vegetables Market is valued at US$ 439.60 Million in 2019, it is projected to reach US$ 621.84 Million by 2027.
As per our report Middle East & Africa Frozen Vegetables Market, the market size is valued at US$ 439.60 Million in 2019, projecting it to reach US$ 621.84 Million by 2027. This translates to a CAGR of approximately 4.5% during the forecast period.
The Middle East & Africa Frozen Vegetables Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Frozen Vegetables Market report:
The Middle East & Africa Frozen Vegetables Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Frozen Vegetables Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Frozen Vegetables Market value chain can benefit from the information contained in a comprehensive market report.
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