From 2013 to 2023, the US frozen vegetables market saw fluctuating growth. In 2023, the market stood at $9.4733 billion. Key variations included a significant decline in 2016 (-6.59%) and moderate growth periods, notably in 2021 (3.03%). Over the last two years, variations showed a decline in 2022 (-1%) and a modest rise in 2023 (0.95%). The last 5-year CAGR (2024 forecast vis-a-vis 2019) reflects consistent, though mild, growth at 1.01%. Looking ahead, from 2024 to 2028, a forecasted 5-year CAGR of 0.68% suggests gradual market expansion with an overall growth rate of 3.46%. Future trends to observe include consumer preferences shifting towards organic and non-GMO options, increasing competition from fresh alternatives, and the influence of health and wellness trends on purchasing behavior.
