South & Central America Frozen Vegetables Market Forecast to 2031 - Regional Analysis - by Type (Corn Cob, Corn Kernels/Sweet Corn, Green Peas, Baby Corn, Carrot, Cauliflower, Green Beans, Spinach, Broccoli, Onions, Brussel Sprouts, Mixed Vegetables, and

The South & Central America frozen vegetables market was valued at US$ 1,313.41 million in 2023 and is expected to reach US$ 1,694.65 million by 2031; it is estimated to register a CAGR of 3.2% from 2023 to 2031.

Upsurge in Demand for Organic Food Products Fuels South & Central America Frozen Vegetables Market

Consumers are increasingly prioritizing organic food products, including organic frozen vegetables, owing to the growing awareness regarding the adverse impact of conventional farming practices on the environment and rising concerns about pesticide residues in food products. Consumers perceive organic products as healthier, safer, and more environmentally sustainable food options. As a result, manufacturers and retailers are expanding their organic product offerings and investing in sourcing organic ingredients to cater to the growing consumer demand. Consumers are becoming increasingly aware of organic produce's health benefits and are seeking organic options as part of their dietary preferences.

Growing interest in sustainable farming practices and rising support for local farmers who produce organic vegetables are a few factors that impact the demand for organic frozen vegetables across the globe, especially in developed countries. As a result, manufacturers are introducing organic frozen vegetables sourced from certified organic farms to cater to consumers' demand for healthier and environmentally friendly food choices. This indicates a broader global movement toward organic agriculture and sustainable food systems, with consumers increasingly consuming organic options such as frozen organic vegetables.

The growing consumer demand for organic products can increase sales and market share, but it also requires investment in organic certification, sourcing, and production processes. Companies must comply with strict organic standards and maintain transparency and traceability throughout the supply chain to retain consumer trust. Further, as the scope of organic food products continues to evolve, there is a need for innovation in product offerings, packaging, and marketing strategies to differentiate organic frozen vegetables and capitalize on this growing trend. Thus, the rising demand for organic food products is expected to create a significant opportunity for companies operating in the frozen vegetables market during the forecast period.

South & Central America Frozen Vegetables Market Overview

The demand for frozen food products, such as frozen vegetables and ready meals, in South & Central America is rising owing to the advancement in the food retail sector, increasing consumer access to distinct frozen food products, and changing consumer lifestyles. Frozen vegetables offer an attractive ingredient option to foodservice operators due to their long shelf life and ease of preparation compared to fresh produce. As a result of rising tourism, investments in the food service sector are increasing. In January 2023, MARAEY tourist residential enterprise signed an agreement with Marriott International Inc. to build three distinct hotels in Rio de Janeiro, Brazil, with an investment of ~US$ 360 million. The growth of the tourism industry and rising hotel establishments is expected to drive market growth. `In May 2023, Faena Luxury Hotel announced the opening of a luxury complex in São Paulo, Brazil, with 100 rooms, a cultural center, and 140 luxury residential units. In addition, the expansion of modern retail channels such as supermarkets and hypermarkets make frozen vegetables accessible to consumers. As the region continues to urbanize and adopt modern lifestyles, the frozen vegetables market in South & Central America is likely to witness sustained growth in the coming years.

South & Central America Frozen Vegetables Market Revenue and Forecast to 2031 (US$ Million)

South & Central America Frozen Vegetables Market Segmentation

The South & Central America frozen vegetables market is categorized into type, category, end user, and country.

By type, the South & Central America frozen vegetables market is segmented into corn cob, corn kernels/sweet corn, green peas, baby corn, carrot, cauliflower, green beans, spinach, broccoli, onions, brussel sprouts, mixed vegetables, and others. The others segment held the largest share of the South & Central America frozen vegetables market share in 2023.

In terms of category, the South & Central America frozen vegetables market is bifurcated into organic and conventional. The conventional segment held a larger share of the South & Central America frozen vegetables market share in 2023.

Based on end user, the South & Central America frozen vegetables market is segmented into food processing, food retail, and foodservice. The food retail segment held the largest share of the South & Central America frozen vegetables market share in 2023.

Based on country, the South & Central America frozen vegetables market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America segment held the largest share of South & Central America frozen vegetables market in 2023.

Alasko Food Inc.; Ardo Foods NV; B&G Foods; Bonduelle SA; Dawtona Frozen; General Mills Inc; Goya Foods Inc; Grupo Virto; Hanover Foods; La Fe Foods; McCain Foods Ltd; Mondial Foods BV; Mother Dairy Fruit & Vegetable Pvt. Ltd; Seneca Foods Corp; and Simplot Global Food are some of the leading companies operating in the South & Central America frozen vegetables market.

Reasons to buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America frozen vegetables market.
Highlights key business priorities to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the South & Central America 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 South & Central America market trends and outlook coupled with the factors driving the South & Central America 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.