Australia & New Zealand Dried Fruits MARKET By Application
| Label | USD Million |
|---|---|
| 2018 | 549.5895071714783 USD Million |
| 2019 | 619.815584972664 USD Million |
| 2020 | 654.9749113413275 USD Million |
| 2021 | 683.0799474474135 USD Million |
| 2022 | 712.9317584791082 USD Million |
| 2023 | 744.5812772579156 USD Million |
| 2024 | 778.1267844710699 USD Million |
| 2025 | 814.2861893491778 USD Million |
| 2026 | 852.1259149503757 USD Million |
| 2027 | 891.7240454616692 USD Million |
| 2028 | 933.8354110879644 USD Million |
| 2029 | 977.9354716742492 USD Million |
| 2030 | 1024.1181426655603 USD Million |
| 2031 | 1072.481774631976 USD Million |
| 2032 | 1123.1293627158911 USD Million |
Data Source: Wantstats Repository
Market Dynamics
The South African frozen vegetables market can be divided into three main segments: retail, foodservice, and industrial. Retail includes frozen vegetables sold in both organized retail settings such as supermarkets and other grocery stores, and in traditional street markets. Foodservice covers the sales of frozen vegetables in restaurants, cafes, canteens, etc. Industrial comprises veggie products used in processed food products. The market has grown steadily in the past decade, driven by increased convenience, rising disposable income, and the expanding presence of international brands on the shelves. Consumers are becoming more health-conscious, looking for frozen vegetables with no added preservatives, refrigerants, or salt. As such, the demand for premium products is on the rise. In terms of product offerings, the market has seen the launch of several new products such as steam-in-pouch frozen vegetables. Novelty packaging has also gained popularity with a number of brands offering frozen vegetables with interactive consumer experience. The current trend in the South African market points towards increased organic offerings as consumers become more aware of organic food as being healthier options. With growing health consciousness, manufacturers are integrating eco-friendly packaging solutions.
Despite the competitive environment, the market is expected to remain attractive over the long-term, with steady growth as consumer preferences evolve. There is a high level of consumer acceptance for frozen vegetables in South Africa and hence, ample opportunities for innovation and expansion of existing products. The rise of strategic collaborations with local manufacturers and chefs, as well as exports to other countries, will also increase over the forecast period. Manufacturers will focus on niche segments and cater to regional consumer preferences. However, they will need to ensure that health and safety certification standards are met. Overall, the South Africa frozen vegetables market is expected to witness stable growth in the coming years driven by a burgeoning middle-class segment, increasing demand for healthy and nutritious food, and changing consumer habits. Manufacturers need to focus on innovative product offerings, novel packaging, and sustainability initiatives, in order to remain competitive.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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