Europe Frozen Vegetables Market is expected to reach US$ 8,868.17 Mn by 2027

According to a new market research study on “Europe Frozen vegetables Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by type, end user and country,” is expected to reach US$ 8,868.17 Mn by 2027 from US$ 6,564.94 Mn in 2019. The market is estimated to grow at a CAGR of 3.9% from 2020 to 2027. The report provides trends prevailing in the Europe frozen vegetables market along with the drivers and restraints pertaining to the market growth. Expansion of quick service restaurants and rising demand for convenience food are the major factors driving the growth of the Europe frozen vegetables market. However, rising preference for fresh and natural products may hinder the growth of Europe frozen vegetables market.

The market for Europe frozen vegetables is segmented into type, end user, and country. Based on type, the market is segmented into potato, green peas, spinach, mushrooms, corn, mixed vegetables, broccoli, carrot and others. In 2019, the mixed vegetables segment held the largest share in Europe frozen vegetables market. Based on end user the Europe frozen vegetables is divided into foodservice and food retail. Food service is expected to be the fastest growing segment over the forecast period. Furthermore, in this present scenario of COVID 19 pandemic, the Europe frozen vegetables market has been facing difficulties and several countries have suffered heavily. Russia, UK, France, Spain, Italy, Germany and Poland are some of the countries that have incurred a huge loss. The food and beverages sectors in the countries mentioned above have been experiencing low production and a weak supply chain.

Conagra Brands Inc., Goya Foods, Inc., Foodnet Ltd, CROP’S UK, Bonduelle and Ardo are among the leading companies in the Europe frozen vegetables market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018, Conagra Brands, Inc. announced the completion of its acquisition of Pinnacle Foods. The closing of the transaction follows the approval of all Pinnacle Foods' shareholders and with the satisfaction of all terms & conditions. Through this acquisition, Conagra adds iconic brands to its portfolio, including Birds Eye, Duncan Hines, Earth Balance, and Vlasic, as well as emerging brands, such as Gardein, Glutino, Udi's, Wish-Bone, and EVOL, among others.

The report segments the Europe frozen vegetables market as follows:

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

• Foodservice
• Food Retail

• Germany
• France
• UK
• Italy
• Russia
• Rest of Europe