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Market Overview:
The fresh
vegetables market size was valued at USD 714.25 billion in 2023 and is
expected to be worth USD 731.18 billion in 2024. The market is projected to
reach USD 921.09 billion by 2032, recording a CAGR of 2.93% during the forecast
period.
Fresh vegetables are perishable, which has increased the
demand for an efficient supply chain management to ensure that the highest
quality of produce reaches the customers and there is no waste. The demand for
these vegetables might fluctuate based on various factors, such as customers’
preferences, economic conditions, and urbanization in various countries.
Customers’ increasing inclination toward healthier foods will bolster the
demand for fresh vegetables.
LIST OF KEY COMPANIES PROFILED IN THE REPORT
Segmentation:
Increasing Preference for Vegan Diet to Help Others
Segment Dominate Market
Based on type, the market has been divided into onions,
potatoes, tomatoes, cucumber, cabbage, eggplant, and others. The others segment
includes carrots, broccoli, mushrooms, corn, garlic, asparagus, and green
beans. The others segment is predicted to dominate the market due to the
increasing preference for vegan diet among individuals to lead a healthier
life.
Household Segment to Dominate Market Owing to Rising
Global Population
Based on end use, the market has been segregated into
household and commercial. The household segment is anticipated to dominate the
global fresh vegetables market share due to the growing global population. This
factor will increase the demand for healthy foods, which will positively impact
the sales of fresh vegetables.
Availability of Wide Array of Products to Boost Customer
Footfall in Offline Stores
Based on distribution channel, the market is segmented into
online and offline. The offline segment might hold the biggest market share
during the forecast period as offline stores offer a wide range of fresh
vegetables that customers can choose from. Moreover, they can personally
inspect the quality of the products before purchasing them, further
strengthening the segment’s growth.
With respect to region, the market covers North America,
Europe, Asia Pacific, South America, and the Middle East & Africa.
Source: https://www.fortunebusinessinsights.com/fresh-vegetables-market-110977
Report Coverage:
The report has conducted a detailed study of the market and
highlighted several critical areas, such as popular types, distribution
channels, end uses, and prominent market players. It has also focused on the
latest market trends and the key industry developments. Apart from the
aforementioned factors, the report has given information on many other factors
that have helped the market grow.
Drivers and Restraints:
Increasing Demand for Organic & Healthy Foods to
Augment Market Growth
A growing number of individuals are becoming conscious about
their health and wellbeing, which has resulted in an increased demand for
organic and healthy foods, such as fresh vegetables. People are becoming aware
of the role a healthy and well-balanced diet plays in improving them from a
wide range of chronic diseases, such as heart ailments, diabetes, and cancer.
This factor is expected to increase the consumption of fresh vegetables.
However, several farmers can find it difficult to obtain the
organic grower certification from relevant authorities, which can adversely
impact the fresh vegetables market growth.
Regional Insights:
Asia Pacific Dominated Global Market Owing to Large-Scale
Production of Fresh Vegetables
Asia Pacific held the largest global market share in 2023 as
the region is known for its large-scale production of fresh vegetables.
Countries, such as India and China are the world’s leading producers and
exporters of vegetables. As per the Ministry of China, the country produced an
astounding 680 million metric tons of vegetables in 2022. These factors are
expected to help the region dominate the global market.
North America is also anticipated to show healthy growth due
to the increasing adoption of vegan diet in countries, such as the U.S. and
Canada.
Competitive Landscape:
Leading Market Players to Focus On Partnerships and
Acquisitions to Remain Competitive
Some of the top companies operating in the market are
announcing partnerships, acquisitions, and mergers & acquisitions to expand
the capacity of producing fresh vegetables. They are also using these
strategies to launch new and exotic varieties of vegetables. These business
decisions will help them expand their current customer base.
Notable Industry Development:
April 2024 – Gopuff, an American retail company,
announced its partnership with Misfits Market, an online grocery delivery
platform. Through this collaboration, the companies plan to introduce over 300
fresh grocery items across the U.S., including fruits, vegetables, dairy, and
poultry to the customer’s doorstep in 15 minutes.
Market Overview:
The fresh
vegetables market size was valued at USD 714.25 billion in 2023 and is
expected to be worth USD 731.18 billion in 2024. The market is projected to
reach USD 921.09 billion by 2032, recording a CAGR of 2.93% during the forecast
period.
Fresh vegetables are perishable, which has increased the
demand for an efficient supply chain management to ensure that the highest
quality of produce reaches the customers and there is no waste. The demand for
these vegetables might fluctuate based on various factors, such as customers’
preferences, economic conditions, and urbanization in various countries.
Customers’ increasing inclination toward healthier foods will bolster the
demand for fresh vegetables.
LIST OF KEY COMPANIES PROFILED IN THE REPORT
Segmentation:
Increasing Preference for Vegan Diet to Help Others
Segment Dominate Market
Based on type, the market has been divided into onions,
potatoes, tomatoes, cucumber, cabbage, eggplant, and others. The others segment
includes carrots, broccoli, mushrooms, corn, garlic, asparagus, and green
beans. The others segment is predicted to dominate the market due to the
increasing preference for vegan diet among individuals to lead a healthier
life.
Household Segment to Dominate Market Owing to Rising
Global Population
Based on end use, the market has been segregated into
household and commercial. The household segment is anticipated to dominate the
global fresh vegetables market share due to the growing global population. This
factor will increase the demand for healthy foods, which will positively impact
the sales of fresh vegetables.
Availability of Wide Array of Products to Boost Customer
Footfall in Offline Stores
Based on distribution channel, the market is segmented into
online and offline. The offline segment might hold the biggest market share
during the forecast period as offline stores offer a wide range of fresh
vegetables that customers can choose from. Moreover, they can personally
inspect the quality of the products before purchasing them, further
strengthening the segment’s growth.
With respect to region, the market covers North America,
Europe, Asia Pacific, South America, and the Middle East & Africa.
Source: https://www.fortunebusinessinsights.com/fresh-vegetables-market-110977
Report Coverage:
The report has conducted a detailed study of the market and
highlighted several critical areas, such as popular types, distribution
channels, end uses, and prominent market players. It has also focused on the
latest market trends and the key industry developments. Apart from the
aforementioned factors, the report has given information on many other factors
that have helped the market grow.
Drivers and Restraints:
Increasing Demand for Organic & Healthy Foods to
Augment Market Growth
A growing number of individuals are becoming conscious about
their health and wellbeing, which has resulted in an increased demand for
organic and healthy foods, such as fresh vegetables. People are becoming aware
of the role a healthy and well-balanced diet plays in improving them from a
wide range of chronic diseases, such as heart ailments, diabetes, and cancer.
This factor is expected to increase the consumption of fresh vegetables.
However, several farmers can find it difficult to obtain the
organic grower certification from relevant authorities, which can adversely
impact the fresh vegetables market growth.
Regional Insights:
Asia Pacific Dominated Global Market Owing to Large-Scale
Production of Fresh Vegetables
Asia Pacific held the largest global market share in 2023 as
the region is known for its large-scale production of fresh vegetables.
Countries, such as India and China are the world’s leading producers and
exporters of vegetables. As per the Ministry of China, the country produced an
astounding 680 million metric tons of vegetables in 2022. These factors are
expected to help the region dominate the global market.
North America is also anticipated to show healthy growth due
to the increasing adoption of vegan diet in countries, such as the U.S. and
Canada.
Competitive Landscape:
Leading Market Players to Focus On Partnerships and
Acquisitions to Remain Competitive
Some of the top companies operating in the market are
announcing partnerships, acquisitions, and mergers & acquisitions to expand
the capacity of producing fresh vegetables. They are also using these
strategies to launch new and exotic varieties of vegetables. These business
decisions will help them expand their current customer base.
Notable Industry Development:
April 2024 – Gopuff, an American retail company,
announced its partnership with Misfits Market, an online grocery delivery
platform. Through this collaboration, the companies plan to introduce over 300
fresh grocery items across the U.S., including fruits, vegetables, dairy, and
poultry to the customer’s doorstep in 15 minutes.
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