Frozen Vegetables Market 2022 is Recovering from Covid-19 Outbreak- More Details About key players and Future Analysis

the Frozen Vegetables market was valued at US$ 18,182.86 million in 2019 and is projected to reach US$ 25,381.14 million by 2027; it is expected to grow at a CAGR of 4.3% from 2020 to 2027.

The global frozen vegetables market is expected to register a significant growth rate during the forecast period owing to the surging demand for convenience food and growing number of fast food restaurants. Growth of fast food and quick service restaurants is on a rise as they cater to changing consumer preferences. Consumers desire convenience and quick service while dining in such restaurants.

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Frozen vegetables require less preparation time and are easy to use; therefore, they are witnessing increasing demand from the quick-service restaurants. In addition, the demand for convenience food- such as frozen products, including frozen vegetables-is increasing as consumers are leading a hectic and busy lifestyle. However, rising demand for fresh vegetables is hampering the market growth. There is an increase in the demand for frozen vegetables in emerging economies in Asia-Pacific, such as China and India, which is providing lucrative opportunities for this market.

Conagra Brands Inc.; Goya Foods, Inc.; B&G Foods, Inc.; Bhanu Farms; Cascadian Farm Organic; Foodnet Ltd; CROP'S UK; Bonduelle; Nature's Garden; and Ardo are among the well-established players in the frozen vegetables market.

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Impact of COVID-19 Pandemic on Frozen Vegetables Market

The COVID-19 outbreak was first reported in Wuhan (China) in December 2019. As of February 2021, the US, India, Brazil, Russia, the UK, France, Spain, Italy, Turkey, Germany, Colombia, and Argentina are among the worst affected countries in terms of confirmed cases and reported deaths. According to the latest WHO figures, there are 108,484,802 confirmed cases and 2,394,323 total deaths globally. The outbreak has adversely affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The food & beverage industry is one of the major industries suffering serious disruptions such as supply chain breaks and production facility shutdowns. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia-Pacific, South America, and the Middle East and Africa is restricting the global supply chain and hindering the manufacturing activities, delivery schedules, and various goods sales. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.

The report includes the segmentation of the global frozen vegetables market as follows:

Frozen Vegetables Market, byType

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

Frozen Vegetables Market, by End User
• Foodservice
• Food Retail

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