Fresh Vegetables Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

Global Fresh Vegetables Market is forecasted to register a 6% CAGR from 2024 to 2032, driven by increasing consumer awareness of healthy eating, advancements in agricultural technologies, and a surge in demand for processed vegetable products. Health-conscious consumers are increasingly favoring organic foods, driving up demand. As dietary habits shift and nutrition takes center stage, fresh vegetables are becoming essential in households and food processing industries globally.

Moreover, the rising number of company acquisitions and inter-business deals are further propelling market growth. For example, in August 2024, GrubMarket finalized its acquisition of Best Oriental Produce, a company based in Vernon, CA, specializing in fresh produce. Best Oriental Produce boasts a 700-hectare farming operation spanning California and Mexico, cultivating top-notch vegetables year-round.

The Fresh Vegetables Industry is segmented by vegetable type, end-use, distribution channel, and region.

Among vegetable types, the allium vegetables segment is set for notable growth. Allium vegetables, encompassing onions, garlic, leeks, and chives, are celebrated for their unique flavors and health advantages. Their rising popularity stems from their rich nutritional profile, including vitamins and antioxidants, and their culinary versatility. This demand is further amplified by a growing consumer inclination towards natural and organic foods.

The food processing sector significantly drives the market outlook. The demand for convenience and ready-to-eat foods has led to a surge in the use of fresh vegetables in food processing. These processed vegetables play a pivotal role in crafting soups, sauces, snacks, and frozen items, catering to consumers' desires for quick yet nutritious meals. Furthermore, advancements in food processing technologies and preservation methods are not only enhancing the quality and shelf life of these vegetables but also spurring market growth.

From 2024 to 2032, the Europe Fresh Vegetables Market is set for substantial growth. The region's advanced agricultural practices, heightened demand for fresh and organic produce, and commitment to sustainability are key drivers. European consumers increasingly prioritize locally sourced, premium vegetables, a trend bolstered by government policies advocating sustainable farming and food waste reduction. Europe's established supply chains and a vibrant food processing industry further amplify market growth. Additionally, ongoing investments in agricultural technology and research signal a commitment to innovation and expansion in the European fresh vegetables market.

Product Code: 6860

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Key manufacturers
- 3.1.2 Distributors
- 3.1.3 Profit margins across the industry
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Increasing consumer awareness on health benefits
  - 3.2.1.2 Technological advancements in farming practices
  - 3.2.1.3 Government initiatives promoting agricultural sustainability
- 3.2.2 Market challenges
  - 3.2.2.1 Transportation and logistics challenges
  - 3.2.2.2 Vulnerability to weather-related risks
- 3.2.3 Market opportunity
  - 3.2.3.1 New opportunities
  - 3.2.3.2 Growth potential analysis
3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.2 Technology evolution
  - 3.3.2.1 Sustainable manufacturing
    - 3.3.2.1.1 Green practices
    - 3.3.2.1.2 Decarbonization
- 3.3.3 Sustainability in raw materials
- 3.3.4 Pricing trends (USD/Ton)
  - 3.3.4.1 North America
  - 3.3.4.2 Europe
  - 3.3.4.3 Asia Pacific
  - 3.3.4.4 Latin America
  - 3.3.4.5 Middle East and Africa
3.4 Regulations and market impact
3.5 Porter's analysis
3.6 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Size and Forecast, By Vegetable Type, 2021-2032 (USD Million, Kilo Tons)

5.1 Key trends
5.2 Leafy greens
- 5.2.1 Lettuce
- 5.2.2 Spinach
- 5.2.3 Kale
- 5.2.4 Swiss chard
- 5.2.5 Others
5.3 Cruciferous vegetables
- 5.3.1 Broccoli
- 5.3.2 Cauliflower
- 5.3.3 Cabbage
- 5.3.4 Brussels sprouts
- 5.3.5 Others
5.4 Root Vegetables
- 5.4.1 Carrots
- 5.4.2 Potatoes
- 5.4.3 Beets
- 5.4.4 Radishes
- 5.4.5 Others
5.5 Allium Vegetables
- 5.5.1 Onions
- 5.5.2 Garlic
- 5.5.3 Leeks
- 5.5.4 Shallots
- 5.5.5 Others
5.6 Solanaceous vegetables
- 5.6.1 Tomatoes
- 5.6.2 Peppers
- 5.6.3 Eggplants
- 5.6.4 Others
5.7 Legumes
- 5.7.1 Peas
- 5.7.2 Beans
- 5.7.3 Lentils
- 5.7.4 Others
5.8 Cucurbitaceous vegetables
- 5.8.1 Cucumbers
- 5.8.2 Zucchinis
- 5.8.3 Pumpkins
- 5.8.4 Melons
- 5.8.5 Others
- 5.8.6 Other
5.9 Corn
- 5.9.1 Asparagus
- 5.9.2 Artichokes
- 5.9.3 Others

Chapter 6 Market Size and Forecast, By End Use, 2021-2032 (USD Million, Kilo Tons)

6.1 Key trends
6.2 Household consumption
6.3 Food processing
6.4 Foodservice
6.5 Other end-uses

Chapter 7 Market Size and Forecast, By Distribution Channel, 2021-2032 (USD Million, Kilo Tons)

7.1 Key trends
7.2 Retail stores
7.3 Online retailing
7.4 Farmers' markets
7.5 Specialty stores
7.6 Foodservice providers
7.7 Wholesale markets

Chapter 8 Market Size and Forecast, By Region, 2021-2032 (USD Million, Kilo Tons)

8.1 Key trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Spain
- 8.3.5 Italy
- 8.3.6 Russia
- 8.3.7 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 Australia
- 8.4.5 South Korea
- 8.4.6 Indonesia
- 8.4.7 Malaysia
- 8.4.8 Rest of APAC
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of LATAM
8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Rest of Middle East and Africa

Chapter 9 Company Profiles

9.1 Dole Food Company, Inc.
9.2 Fresh Del Monte Produce Inc.
9.3 The Kraft Heinz Company
9.4 Conagra Brands, Inc.
9.5 Taylor Farms
9.6 Calavo Growers, Inc.
9.7 Nestle S.A.
9.8 Ardo Group
9.9 Bonduelle Group
9.10 Green Giant (a subsidiary of B and G Foods)
9.11 Mann Packing Company
9.12 Church Brothers Farms
9.13 SunFed
9.14 Lipman Family Farms