by The global frozen food market is on the rise. According to research and consulting company, Precedence Research, the market size of frozen food worldwide will hit US$ 504.41 billion by 2030, up from US$ 308.4 billion in 2022. This means a cumulative average growth rate (CAGR) of 6.34% from 2022 to 2030. The report contains 150+ pages with detailed analysis.
Increase in the retail landscape, high demand for convenience food and technological growths in the cold chain sector are the important driving factors for the market. However, the rising choice for fresh and natural food items is a challenging factor for the frozen food market.
Frozen Food Market Recent developments
- In October 2018, Pinnacle Foods Inc. (US) which was acquired by Conagra ; it helped Pinnacle foods to broaden its frozen meals and other categories
- In September 2018, Grupo Bimbo started four frozen bakery setups to its Argentina division. This was done to increase the export sector of the company in countries such as Chile.
- In November 2018, Nestle started Wildspace, a block of healthy frozen meals in recyclable and reusable packaging.
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Frozen Food Market Report Scope
| Report Coverage | Details |
| Market Size by 2030 | USD 504.41 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 6.34% |
| Europe Market Share in 2021 | 36% |
| Online Retail Segment CAGR | 8.39% from 2022 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Product, Distribution Channel, Consumption, Type, Freezing Technique, Geography |
Frozen Food Market Report Highlights
- On the basis of the type, the ready to eat meals segment is expected to dominate the market during the forecast period. In the recent years the convenient and ready to eat meals has contribute to the growth of the frozen food market due to the changing lifestyles and busy lifestyles of people across the world and an increase in the consumption of frozen foods as there is a high amount of disposable income.
- Frozen food market segment on the basis of distribution channel had good sales through the online retails and this segment helps in offering convenience to the customers and variety of options to choose from. The ecommerce platform for food had the greatest growth through the pandemic which had a gain of about 84% and the offline market segment should also have a good market growth.
- An increased per capita income, increased disposable income and ever increasing population countries like India and China shall make them the largest markets for frozen food. In the countries like United Kingdom Germany and France there is a major growth in the frozen Foods Market.
Frozen Food Market Regional Snapshots
Europe region accounted market share of 36% in 2021. North America proves to be the second biggest market for the frozen food sector owing to the increasing advancements in the lifestyle. Asia Pacific market also shows a tremendous boost in this sector pertaining to the increasing westernisation of the culture. Tourism has also boosted the market for the Asia Pacific region. Other competitors in this market are the European nations, Russia and Africa.
Frozen Food Market Dynamics
Drivers
The processed food market is driven by the increasing need for ease of access due to the fast lifestyles of the people. This, in turn, raises the need for frozen products. Increasing expendable income is also such a factor that has a huge impact on the growth of the frozen food market as it increases the purchasing power of consumers. The growing consumer choice toward convenience foods indirectly supports the increasing demand for frozen products as they require little time and comparatively lesser effort.
Restraints
Nutrients like vitamin C and folate can change with the extremes in temperature while food items stored at altering temperatures can lose their nutrients. Since frozen foods are preserved at a constant low temperature, they do not hamper such essential nutrients. To certain consumers, frozen food is considered as a product that is an inferior substitute for fresh food, acting as a major restraints for this market. There is a belief that food processed over a long period of time and consumed could not be nutritious.
Also Read: Cell Culture Market Sales to Exceed 52.65 Billion by 2030
Opportunities
In 2018, almost 25% of the population purchased food and other necessities from online retail stores as per Eurostat. With the increasing penetration of the Internet and smartphone, retail grocery shopping is developing as one of the opportunities for companies to showcase and sell their products. One of the latest trends pushing the market ahead is online grocery shopping and the invention of new apps, making it easier for the buyers to pick their products of choice. Consumers are attracted toward online shopping due to choice of convenience and diversity.
Challenges
Lack of funding due to the lower socioeconomic status in developing economies has been one reason hampering the cold chain logistics sector. This, has also affected the frozen food sales. Cold chain logistics which have poor facilities also directly impacts the import & export business of frozen food products in developing nations such as South Africa, Bangladesh and Myanmar. However, these countries offer a big opportunity for growth and investment in the market due to the increasing acceptance by the consumers.
Cold chain logistics have proved to be important to increase the market size in any country. However, developing countries have poor infrastructure and fail to supply safe frozen food products to the people. Frozen food has a good shelf-life; however, if not stored well, the product is wasted easily. This leads to a loss for frozen food companies.
Research Methodology
A unique research methodology has been utilized to conduct comprehensive research on the growth of the global frozen food market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the draw conclusions.
Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global frozen food market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimate the future prospects of the global market more reliable and accurately.
Frozen Food Market Key Players
- General Mills Inc (US)
- Conagra Brands, Inc. (US)
- Grupo Bimbo S.A.B. de C.V. (Mexico)
- Nestle SA (Switzerland)
- Associated British Foods plc (UK)
- Ajinomoto (Japan)
- Vandemoortele NV (Belgium)
- LantmannenUnibake International (Denmark)
- Cargill (US).
- Unilever (Netherlands)
- Kellogg Company (US)
- McCain Foods Limited (Canada)
- Kraft Heinz Company (US)
Segments Covered in the Report
By Product Type
- Ready Meals
- Frozen Seafood
- Frozen Meat &Poultry
- Frozen Fruit &Vegetables
- Frozen Potatoes
- Frozen Soups
- Bakery Products
- Others
By Distribution Channel
- Offline
- Online
By Consumption
- Food Service
- Retail
By Type
- Raw material
- Ready-to-eat
- Ready-to-cook
- Ready-to-drink
By Freezing Technique
- Individual Quick Freezing (IQF)
- Blast Freezing
- Belt Freezing
- Other
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Philippines
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
Why should you invest in this report?
If you are aiming to enter the global frozen food market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for frozen food are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Frozen Food Market
5.1. COVID-19 Landscape: Frozen Food Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Frozen Food Market, By Product Type
8.1. Frozen Food Market, by Product Type, 2022-2030
8.1.1. Ready Meals
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Frozen Seafood
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Frozen Meat &Poultry
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Frozen Fruit &Vegetables
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Frozen Potatoes
8.1.5.1. Market Revenue and Forecast (2017-2030)
8.1.5. Frozen Soups
8.1.5.1. Market Revenue and Forecast (2017-2030)
8.1.5. Bakery Products
8.1.5.1. Market Revenue and Forecast (2017-2030)
8.1.5. Others
8.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Frozen Food Market, By Distribution Channel
9.1. Frozen Food Market, by Distribution Channel, 2022-2030
9.1.1. Offline
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Online
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Frozen Food Market, By Consumption
10.1. Frozen Food Market, by Consumption, 2022-2030
10.1.1. Food Service
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Retail
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Frozen Food Market, By Type
11.1. Frozen Food Market, by Type, 2022-2030
11.1.1. Raw material
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Ready-to-eat
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Ready-to-cook
11.1.3.1. Market Revenue and Forecast (2017-2030)
11.1.4. Ready-to-drink
11.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Frozen Food Market, By Freezing Technique
12.1. Frozen Food Market, by Freezing Technique, 2022-2030
12.1.1. Individual Quick Freezing (IQF)
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Blast Freezing
12.1.2.1. Market Revenue and Forecast (2017-2030)
12.1.3. Belt Freezing
12.1.3.1. Market Revenue and Forecast (2017-2030)
12.1.4. Other
12.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Frozen Food Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Product Type (2017-2030)
13.1.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.1.3. Market Revenue and Forecast, by Consumption (2017-2030)
13.1.4. Market Revenue and Forecast, by Type (2017-2030)
13.1.5. Market Revenue and Forecast, by Freezing Technique (2017-2030)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Product Type (2017-2030)
13.1.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.1.6.3. Market Revenue and Forecast, by Consumption (2017-2030)
13.1.6.4. Market Revenue and Forecast, by Type (2017-2030)
13.1.7. Market Revenue and Forecast, by Freezing Technique (2017-2030)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Product Type (2017-2030)
13.1.8.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.1.8.3. Market Revenue and Forecast, by Consumption (2017-2030)
13.1.8.4. Market Revenue and Forecast, by Type (2017-2030)
13.1.8.5. Market Revenue and Forecast, by Freezing Technique (2017-2030)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Product Type (2017-2030)
13.2.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.3. Market Revenue and Forecast, by Consumption (2017-2030)
13.2.4. Market Revenue and Forecast, by Type (2017-2030)
13.2.5. Market Revenue and Forecast, by Freezing Technique (2017-2030)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Product Type (2017-2030)
13.2.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.6.3. Market Revenue and Forecast, by Consumption (2017-2030)
13.2.7. Market Revenue and Forecast, by Type (2017-2030)
13.2.8. Market Revenue and Forecast, by Freezing Technique (2017-2030)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Product Type (2017-2030)
13.2.9.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.9.3. Market Revenue and Forecast, by Consumption (2017-2030)
13.2.10. Market Revenue and Forecast, by Type (2017-2030)
13.2.11. Market Revenue and Forecast, by Freezing Technique (2017-2030)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Product Type (2017-2030)
13.2.12.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.12.3. Market Revenue and Forecast, by Consumption (2017-2030)
13.2.12.4. Market Revenue and Forecast, by Type (2017-2030)
13.2.13. Market Revenue and Forecast, by Freezing Technique (2017-2030)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Product Type (2017-2030)
13.2.14.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.14.3. Market Revenue and Forecast, by Consumption (2017-2030)
13.2.14.4. Market Revenue and Forecast, by Type (2017-2030)
13.2.15. Market Revenue and Forecast, by Freezing Technique (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Product Type (2017-2030)
13.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.3. Market Revenue and Forecast, by Consumption (2017-2030)
13.3.4. Market Revenue and Forecast, by Type (2017-2030)
13.3.5. Market Revenue and Forecast, by Freezing Technique (2017-2030)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Product Type (2017-2030)
13.3.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.6.3. Market Revenue and Forecast, by Consumption (2017-2030)
13.3.6.4. Market Revenue and Forecast, by Type (2017-2030)
13.3.7. Market Revenue and Forecast, by Freezing Technique (2017-2030)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Product Type (2017-2030)
13.3.8.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.8.3. Market Revenue and Forecast, by Consumption (2017-2030)
13.3.8.4. Market Revenue and Forecast, by Type (2017-2030)
13.3.9. Market Revenue and Forecast, by Freezing Technique (2017-2030)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Product Type (2017-2030)
13.3.10.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.10.3. Market Revenue and Forecast, by Consumption (2017-2030)
13.3.10.4. Market Revenue and Forecast, by Type (2017-2030)
13.3.10.5. Market Revenue and Forecast, by Freezing Technique (2017-2030)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Product Type (2017-2030)
13.3.11.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.11.3. Market Revenue and Forecast, by Consumption (2017-2030)
13.3.11.4. Market Revenue and Forecast, by Type (2017-2030)
13.3.11.5. Market Revenue and Forecast, by Freezing Technique (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Product Type (2017-2030)
13.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.3. Market Revenue and Forecast, by Consumption (2017-2030)
13.4.4. Market Revenue and Forecast, by Type (2017-2030)
13.4.5. Market Revenue and Forecast, by Freezing Technique (2017-2030)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Product Type (2017-2030)
13.4.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.6.3. Market Revenue and Forecast, by Consumption (2017-2030)
13.4.6.4. Market Revenue and Forecast, by Type (2017-2030)
13.4.7. Market Revenue and Forecast, by Freezing Technique (2017-2030)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Product Type (2017-2030)
13.4.8.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.8.3. Market Revenue and Forecast, by Consumption (2017-2030)
13.4.8.4. Market Revenue and Forecast, by Type (2017-2030)
13.4.9. Market Revenue and Forecast, by Freezing Technique (2017-2030)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Product Type (2017-2030)
13.4.10.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.10.3. Market Revenue and Forecast, by Consumption (2017-2030)
13.4.10.4. Market Revenue and Forecast, by Type (2017-2030)
13.4.10.5. Market Revenue and Forecast, by Freezing Technique (2017-2030)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Product Type (2017-2030)
13.4.11.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.11.3. Market Revenue and Forecast, by Consumption (2017-2030)
13.4.11.4. Market Revenue and Forecast, by Type (2017-2030)
13.4.11.5. Market Revenue and Forecast, by Freezing Technique (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Product Type (2017-2030)
13.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.5.3. Market Revenue and Forecast, by Consumption (2017-2030)
13.5.4. Market Revenue and Forecast, by Type (2017-2030)
13.5.5. Market Revenue and Forecast, by Freezing Technique (2017-2030)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Product Type (2017-2030)
13.5.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.5.6.3. Market Revenue and Forecast, by Consumption (2017-2030)
13.5.6.4. Market Revenue and Forecast, by Type (2017-2030)
13.5.7. Market Revenue and Forecast, by Freezing Technique (2017-2030)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Product Type (2017-2030)
13.5.8.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.5.8.3. Market Revenue and Forecast, by Consumption (2017-2030)
13.5.8.4. Market Revenue and Forecast, by Type (2017-2030)
13.5.8.5. Market Revenue and Forecast, by Freezing Technique (2017-2030)
Chapter 14. Company Profiles
14.1. General Mills Inc (US)
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Conagra Brands, Inc. (US)
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Grupo Bimbo S.A.B. de C.V. (Mexico)
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Nestle SA (Switzerland)
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Associated British Foods plc (UK)
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Ajinomoto (Japan)
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Vandemoortele NV (Belgium)
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. LantmannenUnibake International (Denmark)
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Cargill (US).
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Unilever (Netherlands)
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
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Frequently Asked Questions:
[sc_fs_multi_faq headline-0=”h6″ question-0=”Which are the driving factors of the frozen food market?” answer-0=”Increase in the retail landscape, high demand for convenience food and technological growths in the cold chain sector are the important driving factors for the market. ” image-0=”” headline-1=”h6″ question-1=”What is the current size of frozen food market?” answer-1=”The global frozen food market size was reached at US$ 290 billion in 2021 and it is anticipated to rake around US$ 504.41 billion by 2030. ” image-1=”” headline-2=”h6″ question-2=”What will be the CAGR of global frozen food market?” answer-2=”The global frozen food market is expected to registered growth at a CAGR of 6.34% from 2022 to 2030. ” image-2=”” headline-3=”h6″ question-3=”Who are the major players operating in the frozen food market?” answer-3=”The major players operating in the frozen food market are General Mills Inc (US), Conagra Brands, Inc. (US), Associated British Foods plc (UK), Ajinomoto (Japan), Vandemoortele NV (Belgium), LantmannenUnibake International (Denmark), Cargill (US)., Unilever (Netherlands), Kellogg Company (US), McCain Foods Limited (Canada), and Kraft Heinz Company (US). ” image-3=”” headline-4=”h6″ question-4=”Which region will lead the global frozen food market?” answer-4=”Europe region will lead the global frozen food market in the forecast period 2022 to 2030. ” image-4=”” count=”4″ html=”true” css_class=””]
