Middle East & Africa 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)
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.
Market Overview and Dynamics
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
- To understand the Middle East & Africa 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 the Middle East & Africa Frozen Vegetables market
- Efficiently plan M&A and partnership deals in Middle East & Africa 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 Middle East & Africa Frozen Vegetables market
- Obtain market revenue forecast for market by various segments from 2017-2027 in Middle East & Africa region.
Middle East & Africa Frozen Vegetables Market Segmentation
Middle East & Africa Frozen Vegetables Market, by Type
- Potato
- Green Peas
- Spinach
- Mushrooms
- Corn
- Mixed Vegetables
- Broccoli
- Carrot
- Others
Middle East & Africa Frozen Vegetables Market, by End User
Middle East & Africa Frozen Vegetables Market, by Country
- South Africa
- Saudi Arabia
- UAE
- Rest of the Middle East & Africa
Company Profiles
- Conagra Brands Inc.
- Goya Foods, Inc.
- Bonduelle
- Nature’s Garden
- 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. Middle East & Africa Frozen Vegetables Market Landscape
4.1 Market Overview
4.2 PEST Analysis
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 Saudi Arabia and Rest of MEA
5.4 Future Trends
5.4.1 Use of Innovative Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Frozen Vegetables – Middle East & Africa Market Analysis
6.1 Middle East & Africa Frozen Vegetables Market Overview
6.1.1 MEA: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Million)
7. Middle East & Africa Frozen Vegetables Market Analysis – By Type
7.1 Overview
7.1.1 MEA: Frozen Vegetables Market, by Type
7.2 Potato
7.2.1 Overview
7.2.2 Potato: Middle East & Africa Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn)
7.3 Green Peas
7.3.1 Overview
7.3.2 Green Peas: Middle East & Africa Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn)
7.4 Spinach
7.4.1 Overview
7.4.2 Spinach: Middle East & Africa Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn)
7.5 Mushrooms
7.5.1 Overview
7.5.2 Mushrooms: Middle East & Africa Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn)
7.6 Corn
7.6.1 Overview
7.6.2 Corn: Middle East & Africa Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn)
7.7 Mixed Vegetables
7.7.1 Overview
7.7.2 Mixed Vegetables: Middle East & Africa Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn)
7.8 Broccoli
7.8.1 Overview
7.8.2 Broccoli: Middle East & Africa Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn)
7.9 Carrots
7.9.1 Overview
7.9.2 Carrots: Middle East & Africa Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn)
7.10 Others
7.10.1 Overview
7.10.2 Others: Middle East & Africa Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn)
8. Middle East & Africa Frozen Vegetables Market Analysis – By End User
8.1 Overview
8.1.1 MEA: Frozen Vegetables Market, by End User
8.2 Foodservice
8.2.1 Overview
8.2.2 Foodservice: Middle East & Africa Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn)
8.3 Food Retail
8.3.1 Overview
8.3.2 Food Retail: Middle East & Africa Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Mn)
9. Middle East & Africa Frozen Vegetables Market – Country Analysis
9.1 MEA: Frozen Vegetables Market
9.1.1 MEA: Frozen Vegetables Market, by Key Country
9.1.1.1 South Africa: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 South Africa: Frozen Vegetables Market, by Type
9.1.1.1.2 South Africa: Frozen Vegetables Market, by End User
9.1.1.2 Saudi Arabia: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Saudi Arabia: Frozen Vegetables Market, by Type
9.1.1.2.2 Saudi Arabia: Frozen Vegetables Market, by End User
9.1.1.3 UAE: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 UAE: Frozen Vegetables Market, by Type
9.1.1.3.2 UAE: Frozen Vegetables Market, by End User
9.1.1.4 Rest of MEA: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million)
9.1.1.4.1 Rest of MEA: Frozen Vegetables Market, by Type
9.1.1.4.2 Rest of MEA: Frozen Vegetables Market, by End User
10. Overview- Impact of Coronavirus Outbreak
10.1 Middle East and Africa: Impact assessment of COVID-19 Pandemic
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 BONDUELLE
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
11.3.6 Key Developments
11.4 Nature's Garden
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
11.5 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. Middle East & Africa Frozen vegetables Market –Revenue And Forecast To 2027 (US$ Million)
Table 2. MEA Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. MEA: Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 4. South Africa Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 5. South Africa Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 6. Saudi Arabia Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 7. Saudi Arabia Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 8. UAE Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 9. UAE Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 10. Rest of MEA Frozen Vegetables Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 11. Rest of MEA Frozen Vegetables Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. Middle East & Africa Frozen Vegetables Market Segmentation
Figure 2. Middle East & Africa Frozen Vegetables Market Segmentation – By Country
Figure 3. Middle East & Africa Frozen Vegetables Market Overview
Figure 4. Mixed Vegetables Segment Held Largest Share Of Middle East & Africa Frozen Vegetables Market
Figure 5. South Africa Held Largest Share Of Middle East & Africa Frozen Vegetables Market
Figure 6. Frozen Vegetables Market, Industry Landscape
Figure 7. MEA: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Middle East & Africa Frozen Vegetables Market Impact Analysis of Driver and Restraints
Figure 10. MEA: Frozen Vegetables Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. MEA: Frozen Vegetables Market Revenue Share, by Type (2019 and 2027)
Figure 12. Potato: Middle East & Africa Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 13. Green Peas: Middle East & Africa Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 14. Spinach: Middle East & Africa Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 15. Mushrooms: Middle East & Africa Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 16. Corn: Middle East & Africa Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 17. Mixed Vegetables: Middle East & Africa Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 18. Broccoli: Middle East & Africa Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 19. Carrots: Middle East & Africa Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 20. Others: Middle East & Africa Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 21. MEA: Frozen Vegetables Market Revenue Share, by End User (2019 and 2027)
Figure 22. Foodservice: Middle East & Africa Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 23. Food Retail: Middle East & Africa Frozen Vegetables Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 24. MEA: Frozen Vegetables Market Revenue Share, by Key Country (2019 and 2027)
Figure 25. South Africa: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million)
Figure 26. Saudi Arabia: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million)
Figure 27. UAE: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million)
Figure 28. Rest of MEA: Frozen Vegetables Market –Revenue and Forecast to 2027 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
- Conagra Brands Inc.
- Goya Foods, Inc.
- Bonduelle
- Nature’s Garden
- Ardo
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