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Fresh Vegetables Market Analysis

  • Report ID: GMI6860
  • Published Date: Jul 2024
  • Report Format: PDF

Fresh Vegetables Market Analysis

Based on vegetable type, the market is divided into Cruciferous Vegetables, Leafy Greens, Allium Vegetables, Root Vegetables, Legumes, Solanaceous Vegetables, and Cucurbitaceous Vegetables. The leafy greens segment accounted for a market share of USD 169.36 billion in 2023 and will grow by 6.4% through 2032, driven by their high nutritional value and diverse culinary uses.
 

Consumers are increasingly incorporating leafy greens such as spinach, kale, and lettuce into their diets due to their health benefits, including vitamins and antioxidants. The popularity of salads, smoothies, and health-conscious meal options continues to bolster demand, prompting growers and retailers to expand their offerings and innovate packaging solutions to ensure freshness and convenience.
 

Legumes is another emerging segment, owing to its protein-rich composition and sustainability credentials. Varieties like beans, peas, and lentils are not only staple ingredients in many cuisines but also appeal to environmentally conscious consumers seeking plant-based protein alternatives. The versatility of legumes in both traditional and modern recipes, in line with their nutritional benefits and eco-friendly cultivation practices, positions them as a key growth driver in the market.
 

Fresh Vegetables Market Revenue Share, By End-use, (2023)

Based on end-use, the fresh vegetables market is categorized into household, food processing, food service, and others.  The household segment accounted for USD 541.8 billion in 2023 and will expand at 5.9% CAGR through 2032, driven by increased awareness of health and wellness benefits associated with regular vegetable consumption.
 

Consumers are increasingly prioritizing fresh produce in their grocery shopping, supported by convenient availability through supermarkets, specialty stores, and online platforms. This trend underscores the evolving consumer preferences and the pivotal role of distribution channels in meeting the growing demand for fresh vegetables.
 

Food processing is another emerging segment. Processed vegetables such as frozen, canned, or pre-cut options cater to consumer preferences for convenience without compromising nutritional value. This sector not only facilitates the year-round availability of seasonal produce but also supports sustainability initiatives by reducing food waste through efficient processing and packaging practices.
 

North America Fresh Vegetables Market Size, 2021 - 2032 (USD Billion)

North America dominated the fresh vegetables market in 2023. It generated a revenue of USD 123 billion in 2023 and will grow at 6% CAGR during the forecast period. The growth is driven by a strong culture of health-conscious consumption and robust agricultural production. The region benefits from favorable climatic conditions for diverse vegetable cultivation, supported by advanced farming techniques and distribution infrastructure.
 

Growing consumer awareness about the nutritional benefits of fresh vegetables and the increasing adoption of plant-based diets further propel market growth across the United States and Canada. The emphasis on sustainable farming practices and local sourcing also resonates well with North American consumers, reinforcing the region's leadership in the fresh vegetable market.
 

In the North American region, the USA stands as a pivotal market, driven by its vast agricultural landscapes, diverse climate zones conducive to year-round cultivation, and advanced farming practices that ensure high-quality yields. In terms of consumption, health-conscious trends and dietary preferences drive robust demand for fresh vegetables across various demographics.
 

Consumers prioritize freshness, nutritional value, and sustainability, influencing purchasing decisions in supermarkets, farmers' markets, and online platforms. Moreover, the USA's export-oriented approach capitalizes on its agricultural surplus, exporting a wide range of fresh vegetables to global markets. Regulatory standards and technological advancements in farming and distribution further support the country's position as a leader in the North American market, ensuring consistent supply chain efficiency and product quality.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of fresh vegetables reached USD 895.5 billion in 2023 and is estimated to record 6% CAGR between 2024 and 2032, due to the surge in product innovations to improve taste profiles and enhance nutritional content to meet evolving consumer preferences for healthier food options.

Fresh vegetables industry from the leafy greens segment reached USD 169.36 billion in 2023 and will grow at 6.4% through 2032, owing to their high nutritional value and diverse culinary uses.

North America market size is anticipated to expand at 6% CAGR from 2024-2032, attributed to the strong culture of health-conscious consumption and robust agricultural production.

Some of the major fresh vegetable industry players are Dole Food Company, Inc., Fresh Del Monte Produce Inc., The Kraft Heinz Company, and Conagra Brands

Fresh Vegetables Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 191
  • Countries covered: 21
  • Pages: 150
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