Frozen Food Market Analysis By Product Type (Frozen fruits & vegetables, Frozen ready meals, Frozen meat & poultry, Frozen fish & seafood, Frozen bakery products, Others), By Distribution Channel (Supermarkets & hypermarkets, Convenience stores, Online retail, Others), By End User (Retail consumers, Food service industry, Others), By Technology (IQF, Blast Freezing, Others), By Packaging Type (Bags & pouches, Boxes, Trays, others) and by Region: Global Forecast, 2024 - 2034.
- PUBLISHED ON
- 2023-06-06
- NO OF PAGES
- 202
- CATEGORY
- Food & Beverages
Market Overview
The Frozen Food market is predicted to
develop at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2034, when
it is projected to reach USD 472.25 Billion, based on an average growth pattern.
The market is estimated to reach a value of USD 309.97 Billion in 2024.
SOURCE: We Market Research
Food that has
been frozen is defined as having been preserved by freezing, which is a process
that lowers an object's temperature below its freezing point in order to
prevent microbial growth and enzyme activity. This preservation method
preserves flavour and nutritional value while greatly extending shelf life as
compared to fresh alternatives. Foods like fruits, vegetables, meats, seafood,
and prepared meals are frequently frozen. The ease with which frozen foods can
be stored and swiftly prepared without sacrificing quality is the reason for
their widespread popularity. Thanks to developments in freezing technology,
frozen foods maintain their nutritious content while remaining a convenient
option for people with hectic schedules.
The primary factors driving the worldwide frozen food industry are evolving consumer lifestyles, which are marked by increasingly hectic schedules and a rising desire for quick dinner options. Foods that are frozen provide quick and simple meal solutions, cutting down on cooking time and streamlining meal preparation. Technological developments in freezing ensure that frozen foods retain flavour and nutritional content, appealing to consumers who are health-conscious. Growing discretionary incomes and urbanisation both contribute to the market's expansion as more consumers choose quick meals without sacrificing quality. All of these elements work together to support frozen foods' growing appeal and market share across the globe.
Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 309.97 Billion |
|
Market Forecast in 2034 |
USD 472.25 Billion |
|
CAGR % 2024-2034 |
4.3% |
|
Base Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast Period |
2024-2034 |
|
Report USP
|
Production, Consumption, company share, company
heatmap, company production capacity, growth factors and more |
|
Segments Covered |
By Product
Type, By Distribution Channel, By End User, By Technology, By Packaging Type and By Region |
|
Regional Scope |
North America, Europe, APAC, South America and
Middle East and Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic
Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia;
Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa;
Nigeria |
Frozen Food Industry: Dynamics & Restrains
Market Opportunity:
We Market
Research: Frozen Food Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Frozen Food Segmentation
Market- By Product Type Analysis
By Product Type, the Frozen Food Market is Categories into Frozen fruits & vegetables, frozen ready meals, frozen meat & poultry, frozen fish & seafood, Frozen bakery products, Others. The Frozen fruits & vegetables segment accounts for the largest share of around 43% in 2024.
The growth in the frozen fruits and
vegetables market is driven by increasing consumer demand for convenient and
nutritious food options, extended shelf life, preservation of nutritional
content through advanced freezing techniques, and growing awareness about
health benefits associated with consuming fruits and vegetables year-round.
The
following segments are part of an in-depth analysis of the global Frozen Food
market:
|
Market Segments |
|
|
By Distribution
Channel |
·
Supermarkets &
hypermarkets ·
Convenience stores ·
Online retail ·
Others |
|
By End
User |
·
Retail consumers ·
Food service industry ·
Others |
|
By Technology |
·
IQF ·
Blast Freezing ·
Others |
|
By Packaging
Type |
·
Bags & pouches ·
Boxes ·
Trays ·
Others |
Frozen Food Industry: Regional Analysis
North America Market Forecast
North America dominate the Frozen Food Market with the highest revenue generating market with share of more than 49%. The Frozen Food market in North America thrives due to the busy lifestyles, convenience, and the popularity of frozen snacks, ready meals, and desserts. The United States and Canada are major contributors.
Europe Market Statistics
Europe's Frozen
Food market benefits from the rising demand for Frozen Food. Europe's frozen
food market is driven by convenience, busy lifestyles, and changing dietary
habits. Consumers seek quick meal solutions like frozen vegetables, pizzas, and
ready meals. Economic factors and urbanization also play roles, influencing the
preference for convenient, time-saving food options amidst hectic schedules and
urban living.
Asia Pacific Market Forecasts
Asia Pacific is
expected to be the fastest-growing regional segment of the Frozen Food market
during the forecast period. In the Asia Pacific, region is experiencing rapid
growth due to urbanization, changing consumer preferences, and increasing
disposable incomes. Countries like China, India, Japan, and South Korea are
expanding markets for frozen foods.
The Frozen
Food Market is dominated by a few large companies, such as
·
Conagra Brands Inc.
·
Wawona Frozen Foods
·
Unilever PLC
·
Tyson Foods, Inc.
·
Lantmannen Unibake
International
·
The Kraft Heinz Company
·
General Mills Inc.
·
Nestle SA
·
The Kellogg Company
·
Grupo Bimbo S.A.B. DE C.V.
· Others
1.
Global
Cardiac Biomarkers Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Cardiac Biomarkers Market
Scope and Market Estimation
1.2.1.Global Cardiac Biomarkers Overall
Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2034)
1.2.2.Global Cardiac Biomarkers Market
Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1.Product Type of Global Cardiac
Biomarkers Market
1.3.2.Distribution Channel of Global Cardiac
Biomarkers Market
1.3.3.End-user of Global Cardiac
Biomarkers Market
1.3.4.Technology of Global Cardiac
Biomarkers Market
1.3.5.Packaging Type of Global Cardiac
Biomarkers Market
1.3.6.Region of Global Cardiac
Biomarkers Market
2.
Executive Summary
2.1. Market Dynamics
2.1.1.Drivers
2.1.2.Limitations
2.1.3.Opportunities
2.1.4.Impact Analysis of Drivers and
Restraints
2.2. Pricing Trends Analysis &
Average Selling Prices (ASPs)
2.3. Key Mergers & Acquisitions,
Expansions, JVs, Funding / VCs, etc.
2.4. Porter’s Five Forces Analysis
2.4.1.Bargaining Power of Suppliers
2.4.2.Bargaining Power of Buyers
2.4.3.Threat of Substitutes
2.4.4.Threat of New Entrants
2.4.5.Competitive Rivalry
2.5. Market Investment Opportunity
Analysis (Top Investment Pockets), By Segments & By Region
3.
Global Cardiac Biomarkers Market Estimates & Historical Trend Analysis (2019 -
2023)
4.
Global Cardiac Biomarkers Market Estimates & Forecast Trend Analysis, by
Product Type
4.1. Global Cardiac Biomarkers Market
Revenue (US$ Mn) Estimates and Forecasts, by Product Type, 2019 to 2034
4.1.1.Frozen fruits & vegetables
4.1.2.Frozen ready meals
4.1.3.Frozen meat & poultry
4.1.4.Frozen fish & seafood
4.1.5.Frozen bakery products
4.1.6.Others
5.
Global Cardiac Biomarkers Market Estimates & Forecast Trend Analysis, by
Distribution Channel
5.1. Global Cardiac Biomarkers Market
Revenue (US$ Mn) Estimates and Forecasts, by Distribution Channel, 2019 to 2034
5.1.1.Supermarkets & hypermarkets
5.1.2.Convenience stores
5.1.3.Online retail
5.1.4.Others
6.
Global Cardiac Biomarkers Market Estimates & Forecast Trend Analysis, by
End-user
6.1. Global Cardiac Biomarkers Market
Revenue (US$ Mn) Estimates and Forecasts, by End-user,
2019 to 2034
6.1.1.Retail consumers
6.1.2.Food service industry
6.1.3.Others
7.
Global Cardiac Biomarkers Market Estimates & Forecast Trend Analysis, by
Technology
7.1. Global Cardiac Biomarkers Market
Revenue (US$ Mn) Estimates and Forecasts, by Technology,
2019 to 2034
7.1.1.IQF
7.1.2.Blast Freezing
7.1.3.Others
8.
Global Cardiac Biomarkers Market Estimates & Forecast Trend Analysis, by
Packaging Type
8.1. Global Cardiac Biomarkers Market
Revenue (US$ Mn) Estimates and Forecasts, by Packaging Type,
2019 to 2034
8.1.1.Bags & pouches
8.1.2.Boxes
8.1.3.Trays
8.1.4.Others
9.
Global Cardiac Biomarkers Market Estimates & Forecast Trend Analysis,
by Region
9.1. Global Cardiac Biomarkers Market
Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2034
9.1.1.North America
9.1.2.Europe
9.1.3.Asia Pacific
9.1.4.Middle East & Africa
9.1.5.South America
10. North America Cardiac
Biomarkers Market: Estimates &
Forecast Trend Analysis
10.1.
North
America Cardiac Biomarkers Market Assessments & Key Findings
10.1.1. North America Cardiac Biomarkers
Market Introduction
10.1.2. North America Cardiac Biomarkers
Market Size Estimates and Forecast (US$ Million) (2019 – 2034)
10.1.2.1. By Product Type
10.1.2.2. By Distribution
Channel
10.1.2.3. By End-user
10.1.2.4. By Technology
10.1.2.5. By Packaging Type
10.1.2.6. By Country
10.1.2.6.1. The U.S.
10.1.2.6.2. Canada
10.1.2.6.3. Mexico
11. Europe Cardiac
Biomarkers Market: Estimates & Forecast
Trend Analysis
11.1. Europe Cardiac Biomarkers Market
Assessments & Key Findings
11.1.1. Europe Cardiac Biomarkers Market
Introduction
11.1.2. Europe Cardiac Biomarkers Market
Size Estimates and Forecast (US$ Million) (2019 – 2034)
11.1.2.1. By Product Type
11.1.2.2. By Distribution
Channel
11.1.2.3. By End-user
11.1.2.4. By Technology
11.1.2.5. By Packaging Type
11.1.2.6. By Country
11.1.2.6.1. Germany
11.1.2.6.2. U.K.
11.1.2.6.3. France
11.1.2.6.4. Italy
11.1.2.6.5. Spain
11.1.2.6.6. Russia
11.1.2.6.7. Rest of Europe
12. Asia Pacific Cardiac
Biomarkers Market: Estimates &
Forecast Trend Analysis
12.1. Asia Pacific Market Assessments
& Key Findings
12.1.1. Asia Pacific Cardiac Biomarkers
Market Introduction
12.1.2. Asia Pacific Cardiac Biomarkers
Market Size Estimates and Forecast (US$ Million) (2019 – 2034)
12.1.2.1. By Product Type
12.1.2.2. By Distribution
Channel
12.1.2.3. By End-user
12.1.2.4. By Technology
12.1.2.5. By Packaging Type
12.1.2.6. By Country
12.1.2.6.1. China
12.1.2.6.2. Japan
12.1.2.6.3. India
12.1.2.6.4. Australia
12.1.2.6.5. South Korea
12.1.2.6.6. ASEAN
12.1.2.6.7. Rest of Asia Pacific
13. Middle East & Africa Cardiac
Biomarkers Market: Estimates &
Forecast Trend Analysis
13.1. Middle East & Africa Market
Assessments & Key Findings
13.1.1. Middle
East & Africa Cardiac
Biomarkers Market Introduction
13.1.2. Middle
East & Africa Cardiac
Biomarkers Market Size Estimates and Forecast (US$ Million) (2019 – 2034)
13.1.2.1. By Product Type
13.1.2.2. By Distribution
Channel
13.1.2.3. By End-user
13.1.2.4. By Technology
13.1.2.5. By Packaging Type
13.1.2.6. By Country
13.1.2.6.1. U.A.E.
13.1.2.6.2. Saudi Arabia
13.1.2.6.3. Egypt
13.1.2.6.4. South Africa
13.1.2.6.5. Rest of Middle East & Africa
14. South America
Cardiac Biomarkers Market: Estimates
& Forecast Trend Analysis
14.1. South America Market Assessments
& Key Findings
14.1.1. South America Cardiac Biomarkers
Market Introduction
14.1.2. South America Cardiac Biomarkers
Market Size Estimates and Forecast (US$ Million) (2019 – 2034)
14.1.2.1. By Product Type
14.1.2.2. By Distribution
Channel
14.1.2.3. By End-user
14.1.2.4. By Technology
14.1.2.5. By Packaging Type
14.1.2.6. By Country
14.1.2.6.1. Brazil
14.1.2.6.2. Argentina
14.1.2.6.3. Colombia
14.1.2.6.4. Rest of South America
15. Competition Landscape
15.1. Global Cardiac Biomarkers Market
Competition Matrix & Benchmarking, by Leading Players / Innovators /
Emerging Players / New Entrants
15.2. Global Cardiac Biomarkers Market
Competition White Space Analysis, By End-user
15.3. Global Cardiac Biomarkers Market
Competition Heat Map Analysis, By End-user
15.4. Global Cardiac Biomarkers Market
Concentration & Company Market Shares (%) Analysis, 2022
16. Company Profiles
16.1.
Conagra Brands Inc.
16.1.1. Company Overview & Key Stats
16.1.2. Financial Performance & KPIs
16.1.3. Product Portfolio
16.1.4. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
16.2. Wawona Frozen
Foods
16.3. Unilever PLC
16.4. Tyson Foods,
Inc.
16.5. Lantmannen
Unibake International
16.6. The Kraft
Heinz Company
16.7. General Mills
Inc.
16.8. Nestle SA
16.9. The Kellogg
Company
16.10. Grupo Bimbo
S.A.B. DE C.V.
16.11. Others
17. Research
Methodology
17.1. External Transportations /
Databases
17.2. Internal Proprietary Database
17.3. Primary Research
17.4. Secondary Research
17.5. Assumptions
17.6. Limitations
17.7. Report FAQs
18. Research Findings & Conclusion
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Case Study- Automotive Sector
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Market Estimates and Forecast
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Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size of Frozen Food Market in 2024?
Frozen Food Market was valued at USD 309.97 Billion in 2024.
What is the growth rate for the Frozen Food Market?
Frozen Food Market size will increase at approximate CAGR of 4.3% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the Frozen Food Market Are Conagra Brands Inc., Wawona Frozen Foods, Unilever PLC, Tyson Foods, Inc., Lantmannen Unibake International, The Kraft Heinz Company, General Mills Inc., Nestle SA, The Kellogg Company, Grupo Bimbo S.A.B. DE C.V. and Others. and Other.
Which region dominates the Frozen Food Market?
North America dominates the market with an active share of 49%.
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