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

Code: TIPRE00020316 | Pages: 71 | Industry: Food and Beverages | Date: Mar 2021
Covid

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.

 


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Market Overview and Dynamics

 

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 

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Scope of the Study

3.2         Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis Formulation:

3.2.4        Macro-economic Factor Analysis:

3.2.5        Developing Base Number:

3.2.6        Data Triangulation:

3.2.7        Country Level Data:

4.           Asia-Pacific Frozen Vegetables Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.2.1        APAC

4.3         Expert Opinion

5.           Frozen Vegetables Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Expansion of Quick Service Restaurants

5.1.2        Rising Demand for Convenience Food

5.2         Market Restraint

5.2.1        Rising Preference for Fresh and Natural Products

5.3         Market Opportunities

5.3.1        Increasing Demand from Asia-Pacific

5.4         Future Trends

5.4.1        Use of Innovative Technologies

5.5         Impact Analysis of Drivers and Restraints

6.           Frozen Vegetables – Asia-Pacific Market Analysis

6.1         Frozen Vegetables Market Overview

6.2         Frozen Vegetables Market –Revenue And Forecast To 2027 (US$ Million)

6.3         Competitive Positioning – Key Market Players

7.           Frozen Vegetables Market Analysis – By Type

7.1         Overview

7.2         Asia-Pacific Frozen Vegetables Market, By Type (2019 and 2027)

7.3         Potato

7.3.1        Overview

7.3.2        Potato: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn)

7.4         Green Peas

7.4.1        Overview

7.4.2        Green Peas: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn)

7.5         Spinach

7.5.1        Overview

7.5.2        Spinach: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn)

7.6         Mushrooms

7.6.1        Overview

7.6.2        Mushrooms: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn)

7.7         Corn

7.7.1        Overview

7.7.2        Corn: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn)

7.8         Mixed Vegetables

7.8.1        Overview

7.8.2        Mixed Vegetables: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn)

7.9         Broccoli

7.9.1        Overview

7.9.2        Broccoli: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn)

7.10      Carrots

7.10.1     Overview

7.10.2     Carrots: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn)

7.11      Others

7.11.1     Overview

7.11.2     Others: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn)

8.           Frozen Vegetables Market Analysis – By End User

8.1         Overview

8.2         Asia-Pacific Frozen Vegetables Market, By End User (2019 and 2027)

8.3         Foodservice

8.3.1        Overview

8.3.2        Foodservice: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn)

8.4         Food Retail

8.4.1        Overview

8.4.2        Food Retail: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn)

9.           Frozen Vegetables Market – Country Analysis

9.1         Overview

9.1.1        APAC: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Million)

9.1.2        APAC: Frozen Vegetables Market, by Type

9.1.3        APAC: Frozen Vegetables Market, by End User

9.1.4        APAC: Frozen Vegetables Market, by Key Country

9.1.4.1          Australia: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million)

9.1.4.1.1          Australia: Frozen Vegetables Market, by Type

9.1.4.1.2          Australia: Frozen Vegetables Market, by End User

9.1.4.2          China: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million)

9.1.4.2.1          China: Frozen Vegetables Market, by Type

9.1.4.2.2          China: Frozen Vegetables Market, by End User

9.1.4.3          India: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million)

9.1.4.3.1          India: Frozen Vegetables Market, by Type

9.1.4.3.2          India: Frozen Vegetables Market, by End User

9.1.4.4          Japan: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million)

9.1.4.4.1          Japan: Frozen Vegetables Market, by Type

9.1.4.4.2          Japan: Frozen Vegetables Market, by End User

9.1.4.5          South Korea: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million)

9.1.4.5.1          South Korea: Frozen Vegetables Market, by Type

9.1.4.5.2          South Korea: Frozen Vegetables Market, by End User

9.1.4.6          Rest of APAC: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million)

9.1.4.6.1          Rest of APAC: Frozen Vegetables Market, by Type

9.1.4.6.2          Rest of APAC: Frozen Vegetables Market, by End User

10.        Impact of Coronavirus Outbreak in Asia- Pacific

10.1      Overview

11.        Key Company Profiles

11.1      Conagra Brands Inc.

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Services

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.1.6     Key Developments

11.2      Goya Foods Inc.

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Products and Services

11.2.4     Financial Overview

11.2.5     SWOT Analysis

11.2.6     Key Developments

11.3      FOODNET LTD

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.4      BONDUELLE

11.4.1     Key Facts

11.4.2     Business Description

11.4.3     Products and Services

11.4.4     Financial Overview

11.4.5     SWOT Analysis

11.4.6     Key Developments

11.5      Ardo

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

12.        Appendix

12.1      About The Insight Partners

12.2      Word Index

LIST OF TABLES

Table 1.             Frozen vegetables Market –Revenue And Forecast To 2027 (US$ Million)

Table 2.             APAC Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 3.             APAC: Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 4.             Australia Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 5.             Australia Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 6.             China Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 7.             China Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 8.             India Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 9.             India Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 10.          Japan Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 11.          Japan Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 12.          South Korea Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 13.          South Korea Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 14.          Rest of Asia-Pacific Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 15.          Rest of Asia-Pacific Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 16.          List of Abbreviation

 

LIST OF FIGURES

Figure 1.           Asia-Pacific rozen Vegetables Market Segmentation

Figure 2.           Asia-Pacific Frozen Vegetables Market Segmentation – By Country

Figure 3.           Asia-Pacific Frozen Vegetables Market Overview

Figure 4.           Mixed Vegetables Segment Held Largest Share Of Asia-Pacific Frozen Vegetables Market

Figure 5.           China Held Largest Share Of Asia-Pacific Frozen Vegetables Market

Figure 6.           Asia-Pacific Frozen Vegetables Market, Industry Landscape

Figure 7.           APAC: PEST Analysis

Figure 8.           Expert Opinion

Figure 9.           Asia-Pacific Frozen Vegetables Market Impact Analysis of Driver and Restraints

Figure 10.        Asia-Pacific : Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Million)

Figure 11.        Asia-Pacific Frozen Vegetables Market Revenue Share, By Type (2019 and 2027)

Figure 12.        Asia-Pacific Potato: Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn)

Figure 13.        Asia-Pacific Green Peas: Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn)

Figure 14.        Asia-Pacific Spinach: Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn)

Figure 15.        Asia-Pacific Mushrooms: Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn)

Figure 16.        Asia-Pacific Corn: Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn)

Figure 17.        Asia-Pacific Mixed Vegetables: Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn)

Figure 18.        Asia-Pacific Broccoli: Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn)

Figure 19.        Asia-Pacific Carrots: Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn)

Figure 20.        Asia-Pacific Others: Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn)

Figure 21.        Asia-Pacific Frozen Vegetables Market Revenue Share, By End user (2019 and 2027)

Figure 22.        Asia-Pacific Foodservice: Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn)

Figure 23.        Asia-Pacific Food Retail: Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn)

Figure 24.        APAC: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.        APAC: Frozen Vegetables Market Revenue Share, by Type (2019 and 2027)

Figure 26.        APAC: Frozen Vegetables Market Revenue Share, by End User (2019 and 2027)

Figure 27.        APAC: Frozen Vegetables Market Revenue Share, by Key Country (2019 and 2027)

Figure 28.        Australia: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million)

Figure 29.        China: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million)

Figure 30.        India: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million)

Figure 31.        Japan: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million)

Figure 32.        South Korea: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million)

Figure 33.        Rest of APAC: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million)

Figure 34.        Impact of COVID-19 Pandemic in Asia-Pacific Country Markets

  1. Conagra Brands Inc.
  2. Goya Foods Inc.
  3. FOODNET LTD
  4. BONDUELLE
  5. Ardo
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia-Pacific frozen vegetables market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia-Pacific frozen vegetables market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth Asia-Pacific market trends and outlook coupled with the factors driving the frozen vegetables market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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