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