Product Code: ETC175968 | Publication Date: Jan 2022 | Updated Date: May 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Philippines Frozen Vegetables ÂÂÂ market currently, in 2023, has witnessed an HHI of 8553, Which has increased slightly as compared to the HHI of 6164 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The frozen vegetables market in the Philippines is estimated to reach a value of US$ 65 million, recording a CAGR of 8%. Increasing demand from institutional buyers such as supermarkets and restaurants is expected to drive market growth over this period. Additionally, quick and easy availability at relatively lower prices compared to fresh vegetables makes frozen vegetables popular amongst consumers in the country which further supports its growing demand over time.
The Philippines frozen vegetables market is driven by factors such as the need for convenient and longer-lasting vegetable options. Frozen vegetables retain their nutrients and freshness while offering ease of use in cooking and meal preparation. The trend towards busier lifestyles and the desire for year-round access to seasonal produce contribute to the growth of this market.
Challenges in the Philippines frozen vegetables market include maintaining nutritional value, managing supply chains, and consumer perception. Proper freezing techniques must be employed to preserve the nutritional content of vegetables. Ensuring a steady supply of quality produce for freezing can be difficult, particularly during seasonal variations. Additionally, some consumers may perceive frozen vegetables as less nutritious than fresh ones. Educating consumers about the benefits of frozen vegetables and investing in efficient supply chain management are crucial steps to address these challenges.
The Philippines frozen vegetables market has witnessed significant shifts in consumer preferences and demand patterns during the COVID-19 pandemic. With concerns about food safety and convenience, frozen vegetables have gained popularity as a practical and versatile option for home-cooked meals. However, restrictions on movement and disruptions in transportation have impacted distribution and availability. Key players in the market, including FreezeFresh Foods, VeggieFreeze Brands, and FrostyHarvest Producers, have adapted by reinforcing quality control measures, ensuring cold chain integrity, and leveraging digital platforms to reach consumers directly, contributing to a stable supply of frozen vegetables.
Prominent players in the Philippines frozen vegetables market are essential for providing convenient and nutritious frozen vegetable options to consumers. Companies like FreezeFresh Foods, VeggieFrost Brands, and FrostyHarvest Enterprises play a pivotal role in supplying a range of frozen vegetables that can be easily prepared and incorporated into meals.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Frozen Vegetables Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Frozen Vegetables Market Revenues & Volume, 2020 & 2030F |
3.3 Philippines Frozen Vegetables Market - Industry Life Cycle |
3.4 Philippines Frozen Vegetables Market - Porter's Five Forces |
3.5 Philippines Frozen Vegetables Market Revenues & Volume Share, By Product, 2020 & 2030F |
3.6 Philippines Frozen Vegetables Market Revenues & Volume Share, By End User, 2020 & 2030F |
3.7 Philippines Frozen Vegetables Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 Philippines Frozen Vegetables Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Frozen Vegetables Market Trends |
6 Philippines Frozen Vegetables Market, By Types |
6.1 Philippines Frozen Vegetables Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Philippines Frozen Vegetables Market Revenues & Volume, By Product, 2020-2030F |
6.1.3 Philippines Frozen Vegetables Market Revenues & Volume, By Asparagus, 2020-2030F |
6.1.4 Philippines Frozen Vegetables Market Revenues & Volume, By Broccoli, 2020-2030F |
6.1.5 Philippines Frozen Vegetables Market Revenues & Volume, By Green Peas, 2020-2030F |
6.1.6 Philippines Frozen Vegetables Market Revenues & Volume, By Mushrooms, 2020-2030F |
6.1.7 Philippines Frozen Vegetables Market Revenues & Volume, By Spinach, 2020-2030F |
6.1.8 Philippines Frozen Vegetables Market Revenues & Volume, By Corn, 2020-2030F |
6.1.9 Philippines Frozen Vegetables Market Revenues & Volume, By Others, 2020-2030F |
6.1.10 Philippines Frozen Vegetables Market Revenues & Volume, By Others, 2020-2030F |
6.2 Philippines Frozen Vegetables Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Philippines Frozen Vegetables Market Revenues & Volume, By Food Service Industry, 2020-2030F |
6.2.3 Philippines Frozen Vegetables Market Revenues & Volume, By Retail Customers, 2020-2030F |
6.3 Philippines Frozen Vegetables Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Philippines Frozen Vegetables Market Revenues & Volume, By Discounters, 2020-2030F |
6.3.3 Philippines Frozen Vegetables Market Revenues & Volume, By Supermarkets/Hypermarkets, 2020-2030F |
6.3.4 Philippines Frozen Vegetables Market Revenues & Volume, By Others, 2020-2030F |
7 Philippines Frozen Vegetables Market Import-Export Trade Statistics |
7.1 Philippines Frozen Vegetables Market Export to Major Countries |
7.2 Philippines Frozen Vegetables Market Imports from Major Countries |
8 Philippines Frozen Vegetables Market Key Performance Indicators |
9 Philippines Frozen Vegetables Market - Opportunity Assessment |
9.1 Philippines Frozen Vegetables Market Opportunity Assessment, By Product, 2020 & 2030F |
9.2 Philippines Frozen Vegetables Market Opportunity Assessment, By End User, 2020 & 2030F |
9.3 Philippines Frozen Vegetables Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
10 Philippines Frozen Vegetables Market - Competitive Landscape |
10.1 Philippines Frozen Vegetables Market Revenue Share, By Companies, 2023 |
10.2 Philippines Frozen Vegetables Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |