LAMEA Frozen Vegetables Market

LAMEA Frozen Vegetables Market Size, Share & Industry Trends Analysis Report By End User (Food Service Industry and Retail Customers), By Product, By Distribution Channel (Offline and Online), By Country and Growth Forecast, 2023 - 2030

Report Id: KBV-18934 Publication Date: December-2023 Number of Pages: 159
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Market Report Description

The Latin America, Middle East and Africa Frozen Vegetables Market would witness market growth of 7.7% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 1586.7 kilo tonnes, showcasing a growth of 9.5% (2023-2030).

Vegetables stored and utilized for a prolonged duration are classified as frozen vegetables. The preservation of vital nutrients in vegetables, including carotenes that are indispensable for synthesizing "Vitamin A" by the body, is facilitated by freezing. In addition, various food manufacturers utilize freezing to preserve food to prevent food waste, satisfy the demands of a growing population, and maintain the profitability and competitiveness of food businesses.

Furthermore, the frozen vegetables market reduces food waste by catering to the demands of time-crunched consumers. This industry preserves surplus produce that would otherwise be discarded by keeping vegetables at their peak of freshness. With the increasing desire for convenient and nourishing food options, the frozen vegetables market is poised to exert a substantial influence on the trajectory of the food industry.

Latin American consumers have increased their expenditure on a wide variety of supplies. The advancement of the Latin American economy results in an enhancement of living standards. As the working population of this region becomes busier, they cannot prepare their meals. This drives the demand for frozen vegetables in the region. Therefore, factors such as urbanization in Latin America and emerging fast-food culture in the Middle East are driving the frozen vegetables market.

The Brazil market dominated the LAMEA Frozen Vegetables Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,397.2 million by 2030. The Argentina market is showcasing a CAGR of 8.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7.4% during (2023 - 2030).

Based on End User, the market is segmented into Food Service Industry and Retail Customers. Based on Product, the market is segmented into Corn, Asparagus, Spinach, Green Peas, Broccoli, Mushroom, Green Beans, and Others. Based on Distribution Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Worldwide Frozen Vegetables Market is Projected to reach USD 49.2 Billion by 2030, at a CAGR of 5.6%

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Aryzta AG, General Mills Inc., The Kraft Heinz Company, Ajinomoto Co., Inc., Cargill, Incorporated, Europastry, S.A., Conagra Brands, Inc., Kellogg Company, Nestle S.A., Flowers Foods, Inc

Scope of the Study

Market Segments Covered in the Report:

By End User (Volume, Kilo Tonnes, USD Billion, 2019-2030)

  • Food Service Industry
  • Retail Customers

By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)

  • Corn
  • Asparagus
  • Spinach
  • Green Peas
  • Broccoli
  • Mushroom
  • Green Beans
  • Others

By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2019-2030)

  • Offline
  • Online

By Country (Volume, Kilo Tones, USD Billion, 2019-2030)

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

Companies Profiled (Volume, Kilo Tonnes, USD Billion, 2019-2030):

  • Aryzta AG
  • General Mills Inc.
  • The Kraft Heinz Company
  • Ajinomoto Co., Inc.
  • Cargill, Incorporated
  • Europastry, S.A.
  • Conagra Brands, Inc.
  • Kellogg Company
  • Nestle S.A.
  • Flowers Foods, Inc
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