Frozen Vegetables Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0196597
  • Format: Electronic (PDF)
  • Number of Pages: 175
  • Author(s): Joshi, Madhavi

Report Overview

The Frozen Vegetables Market size was estimated at USD 45 billion in 2023 and is projected to reach USD 70 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.50% during the forecast period (2024-2030).

Frozen Vegetables Market

(Market Size)
$45 billion
$70 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 6.50%
2023 Market Size USD 45 billion
2030 Market Size USD 70 billion
Key Players Bonduelle, Greenyard, Simplot Foods, Pinnacle Foods, Ardo

Market Summary

The frozen vegetables market represents a significant and expanding segment within the global food and beverages industry. This market encompasses a wide array of vegetables that are harvested at peak ripeness, blanched, and rapidly frozen to lock in nutritional value, flavor, and texture. The core value proposition lies in offering consumers a convenient, year-round supply of produce that minimizes waste and preparation time while maintaining a high nutritional profile comparable to fresh alternatives. The supply chain is complex, involving agricultural producers, processing companies, packaging specialists, cold chain logistics providers, and extensive retail distribution networks. Major end-use sectors include retail consumers for home cooking and the vast foodservice industry, which relies on frozen vegetables for consistency and efficiency in food preparation. The market is characterized by continuous innovation in product offerings, such as organic options, steamable bags, and mixed vegetable blends, catering to evolving consumer demands for health, convenience, and variety.

Key Highlights

The frozen vegetables market is distinguished by several key factors that underscore its resilience and growth potential. A primary highlight is the advanced freezing technology employed, such as Individual Quick Freezing (IQF), which preserves the individual integrity, color, and taste of each vegetable piece, enhancing product quality. The sector demonstrates remarkable stability, as frozen vegetables are non-perishable staples with long shelf lives, insulating them from the short-term price volatility often seen in the fresh produce market due to seasonal and climatic fluctuations. Sustainability is an increasingly critical highlight, with leading companies investing in energy-efficient processing, reduced food waste through the utilization of imperfect produce, and recyclable or reduced plastic packaging solutions. Furthermore, the market is highly responsive to health trends, with a growing portfolio of products catering to demands for organic, non-GMO, and clean-label options, making frozen vegetables a strategic category for retailers and food manufacturers alike.

Drivers, Opportunities & Restraints

The growth trajectory of the frozen vegetables market is propelled by a confluence of powerful drivers. The increasing urban population and busier lifestyles globally have created a sustained demand for convenient and quick meal solutions, a need perfectly met by frozen vegetables. Rising health consciousness among consumers, who recognize the nutritional benefits of vegetables preserved at their peak, further accelerates adoption. The expansion of modern retail formats like hypermarkets and supermarkets, coupled with the robust growth of online grocery delivery services, has significantly improved product accessibility and visibility. A major opportunity lies in penetrating emerging economies where cold chain infrastructure is developing rapidly, unlocking new consumer bases. Product innovation, particularly in organic and value-added seasoned or ready-to-cook blends, presents another fertile ground for growth. However, the market faces restraints, including the persistent perception among some consumer segments that frozen goods are inferior in quality to fresh produce. High energy costs associated with processing and maintaining the cold chain, along with logistical challenges in temperature-controlled storage and transport, also pose significant operational and cost-related hurdles for industry players.

Concentration Insights

The global frozen vegetables market exhibits a landscape of high concentration, dominated by a few multinational food conglomerates that hold significant market share. These industry leaders, including Nestl? SA (through brands like Maggi and Findus), Conagra Brands (owner of Birds Eye), and Nomad Foods (which owns brands such as Green Giant and Findus in Europe), benefit from extensive distribution networks, strong brand recognition, and substantial investments in research and development for new products and processing technologies. This concentrated nature creates high barriers to entry for new players due to the capital-intensive requirements for establishing processing plants and cold storage logistics. However, the market also features a segment of smaller, specialized players and private label brands offered by large retail chains. These entities often compete effectively by focusing on niche categories, such as organic frozen vegetables, locally sourced produce, or unique ethnic blends, catering to specific consumer preferences and regional tastes that may be underserved by the larger corporations.

Type Insights

The frozen vegetables market is segmented by type, with corn, peas, beans, broccoli, and spinach representing some of the most popular and widely consumed categories globally. Corn is a staple ingredient in numerous cuisines and prepared foods, while peas are valued for their sweetness and versatility in dishes ranging from sides to purees. Various types of beans, including green beans, are favored for their texture and nutritional content. Broccoli has gained immense popularity due to its superfood status, being rich in vitamins, fiber, and antioxidants, and its ability to hold up well to the freezing process. Spinach is another high-growth category, driven by its use in health-focused smoothies, pasta dishes, and saut?s. The market is also seeing increased diversification beyond these core types, with offerings like asparagus, Brussels sprouts, mixed peppers, and root vegetables like carrots. The innovation in this segment is focused on providing blends that offer convenience, such as soup mixes, stir-fry combinations, and fajita kits, which add significant value for time-pressed consumers.

Application Insights

The application of frozen vegetables is broadly split between two major channels: retail and foodservice. The retail segment involves sales to individual consumers through various outlets, including supermarkets, hypermarkets, convenience stores, and online grocery platforms. This segment is driven by the home cook seeking convenience, reduced food waste, and the ability to access out-of-season produce. Within retail, there is a growing sub-segment focused on health and wellness, purchasing organic and plain frozen vegetables for homemade meals. The foodservice segment, which includes restaurants, hotels, cafeterias, and catering services, is a massive consumer of frozen vegetables. For these businesses, frozen products provide critical advantages such as operational consistency, reduced preparation labor costs, portion control, and year-round availability unaffected by seasonal shortages or price spikes. This ensures menu reliability and helps maintain profit margins. A third, significant application is industrial use, where frozen vegetables serve as ingredients for other food manufacturers producing ready meals, pizzas, soups, sauces, and baby food.

Regional Insights

The demand and dynamics for frozen vegetables vary considerably across different global regions. North America and Europe represent mature and highly developed markets. These regions have well-established cold chain infrastructure, high consumer acceptance of frozen foods, and a strong presence of major market players. Europe, in particular, has a long-standing tradition of consuming frozen vegetables. The Asia-Pacific region is identified as the fastest-growing market, fueled by rapid urbanization, rising disposable incomes, the expansion of modern retail, and the gradual shift in consumer eating habits towards more convenient food options. Countries like China and India are witnessing increased investment in cold storage facilities, which is crucial for market growth. Latin America and the Middle East and Africa are emerging markets with significant growth potential. Growth in these regions is primarily driven by increasing urbanization and the gradual development of retail chains and supporting infrastructure, although challenges related to cold chain logistics remain more pronounced compared to developed economies.

Company Insights

The competitive landscape of the frozen vegetables market is shaped by the strategies of its key players. Leading companies such as Nestl? SA, Conagra Brands, Inc., General Mills, Inc. (through its Green Giant brand), and Nomad Foods Ltd. leverage their extensive brand portfolios, global distribution reach, and significant financial resources to maintain dominance. Their strategies often focus on continuous product innovation, such as introducing organic lines, steam-in-bag packaging, and seasoned vegetable kits, to capture new consumer trends. Strategic acquisitions are also common to expand geographic presence or acquire popular brands, as seen with Nomad Foods' acquisition of various European frozen food brands. Beyond these giants, other notable players include Pinnacle Foods, Inc. (now part of Conagra), Bonduelle Group, and Simplot Australia Pty Ltd. These companies compete not only on brand and product variety but also on factors like sustainable sourcing, production efficiency, and the development of strong relationships with retail partners to secure premium shelf space.

Recent Developments

The frozen vegetables market is continuously evolving, with recent developments highlighting a focus on sustainability, health, and innovation. Major corporations are actively announcing initiatives to reduce their environmental footprint. This includes commitments to transition to 100% recyclable, reusable, or compostable packaging within the next several years and to source electricity for their operations from renewable sources. There is a marked increase in the launch of new products aligned with health and wellness trends, including expanded organic offerings, plant-based protein blends featuring vegetables and legumes, and products with reduced sodium or no artificial additives. Technological advancements in freezing techniques are also progressing, aimed at further enhancing the texture and taste of the final product to more closely mimic fresh vegetables. Furthermore, companies are investing in strengthening their direct-to-consumer channels and partnerships with online grocery delivery services to capture the growing e-commerce segment and meet shifting purchasing behaviors.

Report Segmentation

This comprehensive market research report on the frozen vegetables industry provides a detailed analysis segmented across multiple dimensions to offer a granular view of the market. The segmentation by type delves into the performance and prospects of key categories such as corn, peas, beans, broccoli, spinach, and others, analyzing consumption patterns and growth rates for each. The application segmentation provides insights into the distinct dynamics of the retail, foodservice, and industrial sectors, detailing the drivers and opportunities within each channel. Geographically, the report is segmented into key regions and major countries within those regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, to highlight regional trends, growth potentials, and competitive landscapes. This multi-faceted segmentation allows businesses, investors, and stakeholders to identify specific growth pockets, understand consumer behavior across different domains, and formulate targeted strategies for market entry or expansion based on robust, segmented data.

FAQs

What are the benefits of frozen vegetables?

Frozen vegetables offer numerous benefits, including high nutritional value as they are typically frozen at peak freshness, locking in vitamins and minerals. They provide exceptional convenience, reducing preparation time and food waste due to their long shelf life. They also ensure year-round availability of seasonal produce and are often more cost-effective than out-of-season fresh alternatives.

How are frozen vegetables processed?

The processing of frozen vegetables typically involves several key steps. After harvesting, vegetables are quickly transported to a processing facility where they are washed, sorted, and often blanched?briefly heated in water or steam?to deactivate enzymes that can cause loss of flavor, color, and texture. They are then cooled and frozen rapidly using methods like air blast freezing or Individual Quick Freezing (IQF) before being packaged and stored in cold storage.

What is the shelf life of frozen vegetables?

When stored consistently at 0?F (-18?C) or below in a sealed package, frozen vegetables can maintain their best quality for a very long time, typically between 8 to 12 months. While they remain safe to eat indefinitely if kept frozen, after this period the quality in terms of flavor, texture, and color may begin to gradually deteriorate.

Are frozen vegetables as healthy as fresh?

Yes, frozen vegetables can be just as nutritious, and sometimes even more so, than fresh vegetables. This is because they are frozen within hours of harvest, preserving their nutrient content. Fresh vegetables, conversely, can lose vitamins and minerals during transportation and storage over several days before they reach the consumer. The key is that they are processed without adding salts, sauces, or sugars.

Which companies are the leading players in the frozen vegetables market?

The market is highly concentrated and led by large multinational food corporations. Some of the prominent leading players include Nestl? SA (with brands like Maggi), Conagra Brands, Inc. (owner of Birds Eye), Nomad Foods Ltd. (which owns Green Giant in Europe and Findus), General Mills, Inc. (Green Giant in North America), and Bonduelle Group. These companies have extensive global distribution and diverse product portfolios.

Citius Research has developed a research report titled “Frozen Vegetables Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Frozen Vegetables Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Frozen Vegetables Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Frozen Vegetables Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Frozen Vegetables Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Frozen Vegetables Market
• Research Methodology
• Executive Summary
• Market Dynamics of Frozen Vegetables Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Frozen Vegetables Market
• Cost and Gross Margin Analysis of Frozen Vegetables Market
• Frozen Vegetables Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Frozen Vegetables Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Frozen Vegetables Market Key Stakeholders

Below are the key stakeholders for the Frozen Vegetables Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Frozen Vegetables Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Frozen Vegetables Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Frozen Vegetables Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Frozen Vegetables Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Frozen Vegetables Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Frozen Vegetables Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Frozen Vegetables Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Frozen Vegetables Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Frozen Vegetables Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Frozen Vegetables Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Frozen Vegetables Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Frozen Vegetables Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Frozen Vegetables Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Frozen Vegetables Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Frozen Vegetables Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Frozen Vegetables Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Frozen Vegetables Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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