The Frozen Vegetables Market in Italy has seen varied trends from 2013 to 2023. Starting at 1.2349 billion euros in 2013, the market experienced a general decline until 2016, followed by a notable rise in 2017. The period from 2018 to 2019 showed steady growth, reaching 1.3233 billion euros. The year 2020 saw a significant dip of -6.39%, likely due to external factors. Subsequent recovery was observed, with modest improvements in 2021 and 2022. As of 2023, the market stood at 1.2722 billion euros, reflecting a 2.3% year-on-year increase.
- 2013: -2.73% year-on-year
- 2014: -5.52% year-on-year
- 2015: -1.25% year-on-year
- 2016: -1.27% year-on-year
- 2017: 10.77% year-on-year
- 2018: 2.51% year-on-year
- 2019: 2.45% year-on-year
- 2020: -6.39% year-on-year
- 2021: -1.97% year-on-year
- 2022: 2.41% year-on-year
- 2023: 2.3% year-on-year
The forecast period from 2024 to 2028 anticipates a compound annual growth rate (CAGR) of 1.65%, resulting in a market value of 1.4113 billion euros by 2028, an 8.51% increase over five years.
Future trends to watch for include the impact of health trends on market dynamics, potential economic fluctuations, and technological advancements in food preservation and distribution. Strategic efforts by market players to align with sustainability and natural food movements may also influence market trajectory.
