Global Frozen Food Market

Global Frozen Food Market Size, Trends & Analysis - Forecasts to 2026 By Product (Fruits & Vegetables, Ready Meals, Meat & Poultry, Fish/Seafood, Soup, Baked Products, Dairy Products, and Others), By Type (Raw Material, Half-Cooked, and Ready-To-Eat), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Store, Convenience Store, and Online Retail), By User (Food Service Industry and Retail Users), By Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis

Category Food & Beverages

Format

This report was recently updated on April 19 2024 with the latest and most recent market numbers

Frozen Food Market Insights

Owing to one's hectic routine, the key element accountable for the expansion of the frozen foods market is reduced time for cooking at home, which is predicted to support the frozen foods market scope during the forecast period. Furthermore, the market is heavily influenced by quickly evolving consumer dietary preferences. Rising disposable income, changes in the retail environment, the advent of extended shelf-life goods, increased impulsive shopping, increasing need for convenience food, fast changes in lifestyle contributing to increased demand for intake of frozen foods, and technical advancement in the cold chain sector are boosting demand for frozen foods. Moreover, the unanticipated disruption of COVID-19 over the world has greatly increased demand for frozen foods due to its virtue of retaining nutrients for a longer period and having a longer shelf life than other fresh fruits, veggies, and meat, which are also prophesied to fuel market expansion.

The market's expansion has been aided by the thriving e-commerce sector. When compared to conventional retail channels, online platforms provide more product awareness and product listings at lower prices, allowing for better market penetration of frozen food goods. The increased usage of frozen food items by food industry titans is a fundamental driver of the worldwide frozen food sector. Furthermore, the adoption of these goods by a wide range of end-users, including full-service restaurants, hotels & resorts, and fast-food restaurants, is likely to boost market expansion.

global frozen food market

Frozen Food Market: By Product

Based on product, the market can be segregated as fruits & vegetables, ready meals, meat & poultry, fish/seafood, soup, baked products, dairy products, and others. The ready meals category is likely to dominate the market. This category is foreseen to retain its supremacy throughout the forecast period due to the widespread intake of ready meals amongst working-class individuals worldwide. Moreover, due to new releases in frozen ready meals attributable to increasing expenditure in research & development of food processing combined with a stronger distribution system of frozen food items is projected to considerably lead to the growth of the frozen ready meals market segment.

Frozen Food Market: By Type

Based on the type of frozen food, the market can be segregated as raw material, half-cooked, and ready-to-eat. The ready-to-cook segment is presumed to dominate. A change in lifestyle is propelling the overall rise of ready-to-eat frozen meals.

Frozen Food Market: By Distribution Channel

As per the distribution channel, the market is categorized as offline and online retail. The offline segment is expected to account for the majority of the market share. These offline channels have facilities that incorporate freezing and temperature-controlled equipment, which is encouraging the rise of this category as a distribution channel for frozen items. They are always evolving, and investors are profiting on customer convenience by providing a smooth purchasing experience. They are also concerned with satisfying new legal requirements including refrigerant leaks, quality assurance to prevent penalties from the Environmental Protection Agency (EPA), and providing excellent products to their customers. However, the online retail segment is projected to grow with a higher CAGR.

Frozen Food Market: By Users

As per the users, the market is categorized as a food service industry and retail users. The foodservice industry category led the market by the user. This is because the foodservice business is one of the largest users of frozen goods. Hotel chains, quick food restaurants, pay & take shops; catering, as well as other business entities are all part of the foodservice sector. Furthermore, frozen food is becoming more prevalent in the foodservice industry since it can be preserved and utilized for an extended length of time, reducing administrative expenses.

asia pacific frozen food market

Frozen Food Market: By Region

As per the geographical analysis, the market of frozen food can be classified into North America (the US, Canada, and Mexico), Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific), Europe (Germany, United Kingdom, Italy, France, Spain, Netherlands, and Rest of Europe), Middle East & Africa and Central & South America. Region-wise, Europe is presumed to dominate this market. Consumers' high buying power and financial steadiness are two important factors driving the expansion of the European goods market. Furthermore, the hectic lifestyle of consumers is a crucial component driving the frozen food market growth.

Europe has been one of the most profitable markets for frozen food due to the presence of major food and bakery conglomerates. Furthermore, these market participants are always attempting to enhance their market share through effective R&D and product advancement. Also, businesses are forming alliances with other businesses in order to use each other's strengths and surpass competition through efficient administrative efficiency and research and development skills. Meanwhile, due to the involvement of emerging nations, Asia-Pacific is expected to have significant demand for frozen food throughout the forecast period.

Frozen Food Market Share and Competitor Analysis

Aryzta A.G., Ajinomoto Co. Inc., Cargill Incorporated, General Mills Inc., JBS S.A., Kellogg Company, The Kraft Heinz Company, Nestle S.A., ConAgra Brands, Inc., Associated British Foods Plc., among others, are the key players in the market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1 Methodology

1.1 Market Scope & Definitions

1.2 Estimates & Forecast Calculation

1.3 Historical Data Overview And Validation

1.4 Data Sources

1.4.1 Secondary

1.4.2 Primary

Chapter 2 Report Outlook

2.1 Frozen Food Industry Overview, 2016-2026

2.1.1 Industry Overview

2.1.2 Product Overview

2.1.3 Type Overview

2.1.4 Distribution Channel Overview

2.1.5 User Overview

2.1.6 Regional Overview

Chapter 3 Frozen Food Market Trends

3.1 Market Segmentation

3.2 Industry Background, 2016-2026

3.3 Market Key Trends

3.3.1 Positive Trends

3.3.1.1 Increasing Digitization in The Retail Sector

3.3.1.2 Rising Disposable Income

3.3.2 Industry Challenges

3.3.2.1 Lack of Maintenance of Frozen Food Devices

3.4 Prospective Growth Scenario

3.4.1 Product Growth Scenario

3.4.2 Type Growth Scenario

3.4.3 Distribution Channel Growth Scenario

3.4.4 User Growth Scenario

3.5 COVID-19 Influence over Industry Growth

3.6 Porter’s Analysis

3.7 PESTEL Analysis

3.8 Value Chain & Supply Chain Analysis

3.9 Regulatory Framework

3.9.1 North America

3.9.2 Europe

3.9.3 APAC

3.9.4 LATAM

3.9.5 MEA

3.10 Technology Overview

3.11 Market Share Analysis, 2020

3.11.1 Company Positioning Overview, 2020

Chapter 4 Frozen Food Market, By Product

4.1 Product Outlook

4.2 Fruits & Vegetables

4.2.1 Market Size, By Region, 2016-2026 (USD Million)

4.3 Ready Meals

4.3.1 Market Size, By Region, 2016-2026 (USD Million)

4.4 Meat & Poultry

4.4.1 Market Size, By Region, 2016-2026 (USD Million)

4.5 Fish/Seafood

4.5.1 Market Size, By Region, 2016-2026 (USD Million)

4.6 Soup

4.6.1 Market Size, By Region, 2016-2026 (USD Million)

4.7 Baked Products

4.7.1 Market Size, By Region, 2016-2026 (USD Million)

4.8 Dairy Products

4.8.1 Market Size, By Region, 2016-2026 (USD Million)

4.9 Others

4.3.1 Market Size, By Region, 2016-2026 (USD Million)

Chapter 5 Frozen Food Market, By Type

5.1 Type Outlook

5.2 Raw Material

5.2.1 Market Size, By Region, 2016-2026 (USD Million)

5.3 Half-Cooked

5.3.1 Market Size, By Region, 2016-2026 (USD Million)

5.4 Ready-To-Eat

5.4.1 Market Size, By Region, 2016-2026 (USD Million)

Chapter 6 Frozen Food Market, By Distribution Channel

6.1 Distribution Channel Outlook

6.2 Online

6.2.1 Market Size, By Region, 2016-2026 (USD Million)

6.3 Offline

6.3.1 Market Size, By Region, 2016-2026 (USD Million)

Chapter 7 Frozen Food Market, By User

7.1 User Outlook

7.2 Food Service Industry

5.2.1 Market Size, By Region, 2016-2026 (USD Million)

7.3 Retail Users

7.3.1 Market Size, By Region, 2016-2026 (USD Million)

Chapter 8 Frozen Food Market, By Region

8.1 Regional outlook

8.2 North America

8.2.1 Market Size, By Country, 2016-2026 (USD Million)

8.2.2 Market Size, By Product, 2016-2026 (USD Million)

8.2.3 Market Size, By Type, 2016-2026 (USD Million)

8.2.4 Market Size, By Distribution Channel, 2016-2026 (USD Million)

8.2.5 Market Size, By User, 2016-2026 (USD Million)

8.2.6 U.S.

8.2.6.1 Market Size, By Product, 2016-2026 (USD Million)

8.2.6.2 Market Size, By Type, 2016-2026 (USD Million)

8.2.6.3 Market Size, By Distribution Channel, 2016-2026 (USD Million)

8.2.6.4 Market Size, By User, 2016-2026 (USD Million)

8.2.7 Canada

8.2.7.1 Market Size, By Product, 2016-2026 (USD Million)

8.2.7.2 Market Size, By Type, 2016-2026 (USD Million)

8.2.7.3 Market Size, By Distribution Channel, 2016-2026 (USD Million)

8.2.7.4 Market Size, By User, 2016-2026 (USD Million)

8.3 Europe

8.3.1 Market Size, By Country, 2016-2026 (USD Million)

8.3.2 Market Size, By Product, 2016-2026 (USD Million)

8.3.3 Market Size, By Type, 2016-2026 (USD Million)

8.3.4 Market Size, By Distribution Channel, 2016-2026 (USD Million)

8.3.5 Market Size, By User, 2016-2026 (USD Million)

8.3.6 Germany

8.3.6.1 Market Size, By Product, 2016-2026 (USD Million)

8.3.6.2 Market Size, By Type, 2016-2026 (USD Million)

8.3.6.3 Market Size, By Distribution Channel, 2016-2026 (USD Million)

8.3.6.4 Market Size, By User, 2016-2026 (USD Million)

8.3.7 UK

8.3.7.1 Market Size, By Product, 2016-2026 (USD Million)

8.3.7.2 Market Size, By Type, 2016-2026 (USD Million)

8.3.7.3 Market Size, By Distribution Channel, 2016-2026 (USD Million)

8.3.7.4 Market Size, By User, 2016-2026 (USD Million)

8.3.8 France

8.3.8.1 Market Size, By Product, 2016-2026 (USD Million)

8.3.8.2 Market Size, By Type, 2016-2026 (USD Million)

8.3.8.3 Market Size, By Distribution Channel, 2016-2026 (USD Million)

8.3.8.4 Market Size, By User, 2016-2026 (USD Million)

8.3.9 Italy

8.3.9.1 Market Size, By Product, 2016-2026 (USD Million)

8.3.9.2 Market Size, By Type, 2016-2026 (USD Million)

8.3.9.3 Market Size, By Distribution Channel, 2016-2026 (USD Million)

8.3.9.4 Market Size, By User, 2016-2026 (USD Million)

8.3.10 Spain

8.3.10.1 Market Size, By Product, 2016-2026 (USD Million)

8.3.10.2 Market Size, By Type, 2016-2026 (USD Million)

8.3.10.3 Market Size, By Distribution Channel, 2016-2026 (USD Million)

8.3.10.4 Market Size, By User, 2016-2026 (USD Million)

8.3.11 Russia

8.3.11.1 Market Size, By Product, 2016-2026 (USD Million)

8.3.11.2 Market Size, By Type, 2016-2026 (USD Million)

8.3.11.3 Market Size, By Distribution Channel, 2016-2026 (USD Million)

8.3.11.4 Market Size, By User, 2016-2026 (USD Million)

8.4 Asia Pacific

8.4.1 Market Size, By Country, 2016-2026 (USD Million)

8.4.2 Market Size, By Product, 2016-2026 (USD Million)

8.4.3 Market Size, By Type, 2016-2026 (USD Million)

8.4.4 Market Size, By Distribution Channel, 2016-2026 (USD Million)

8.4.5 Market Size, By User, 2016-2026 (USD Million)

8.4.6 China

8.4.6.1 Market Size, By Product, 2016-2026 (USD Million)

8.4.6.2 Market Size, By Type, 2016-2026 (USD Million)

8.4.6.3 Market Size, By Distribution Channel, 2016-2026 (USD Million)

8.4.6.4 Market Size, By User, 2016-2026 (USD Million)

8.4.7 India

8.4.7.1 Market Size, By Product, 2016-2026 (USD Million)

8.4.7.2 Market Size, By Type, 2016-2026 (USD Million)

8.4.7.3 Market Size, By Distribution Channel, 2016-2026 (USD Million)

8.4.7.4 Market Size, By User, 2016-2026 (USD Million)

8.4.8 Japan

8.4.8.1 Market Size, By Product, 2016-2026 (USD Million)

8.4.8.2 Market Size, By Type, 2016-2026 (USD Million)

8.4.8.3 Market Size, By Distribution Channel, 2016-2026 (USD Million)

8.4.8.4 Market Size, By User, 2016-2026 (USD Million)

8.4.9 Australia

8.4.9.1 Market Size, By Product, 2016-2026 (USD Million)

8.4.9.2 Market size, By Type, 2016-2026 (USD Million)

8.4.9.3 Market size, By Distribution Channel, 2016-2026 (USD Million)

8.4.9.4 Market size, By User, 2016-2026 (USD Million)

8.4.10 South Korea

8.4.10.1 Market Size, By Product, 2016-2026 (USD Million)

8.4.10.2 Market Size, By Type, 2016-2026 (USD Million)

8.4.10.3 Market Size, By Distribution Channel, 2016-2026 (USD Million)

8.4.10.4 Market Size, By User, 2016-2026 (USD Million)

8.5 Latin America

8.5.1 Market Size, By Country, 2016-2026 (USD Million)

8.5.2 Market Size, By Product, 2016-2026 (USD Million)

8.5.3 Market Size, By Type, 2016-2026 (USD Million)

8.5.4 Market Size, By Distribution Channel, 2016-2026 (USD Million)

8.5.5 Market Size, By User, 2016-2026 (USD Million)

8.5.6 Brazil

8.5.6.1 Market Size, By Product, 2016-2026 (USD Million)

8.5.6.2 Market Size, By Type, 2016-2026 (USD Million)

8.5.6.3 Market Size, By Distribution Channel, 2016-2026 (USD Million)

8.5.6.4 Market Size, By User, 2016-2026 (USD Million)

8.5.7 Mexico

8.5.7.1 Market Size, By Product, 2016-2026 (USD Million)

8.5.7.2 Market Size, By Type, 2016-2026 (USD Million)

8.5.7.3 Market Size, By Distribution Channel, 2016-2026 (USD Million)

8.5.7.4 Market Size, By User, 2016-2026 (USD Million)

8.5.8 Argentina

8.5.8.1 Market Size, By Product, 2016-2026 (USD Million)

8.5.8.2 Market Size, By Type, 2016-2026 (USD Million)

8.5.8.3 Market Size, By Distribution Channel, 2016-2026 (USD Million)

8.5.8.4 Market Size, By User, 2016-2026 (USD Million)

8.6 MEA

8.6.1 Market Size, By Country, 2016-2026 (USD Million)

8.6.2 Market Size, By Product, 2016-2026 (USD Million)

8.6.3 Market Size, By Type, 2016-2026 (USD Million)

8.6.4 Market Size, By Distribution Channel, 2016-2026 (USD Million)

8.6.5 Market Size, By User, 2016-2026 (USD Million)

8.6.6 Saudi Arabia

8.6.6.1 Market Size, By Product, 2016-2026 (USD Million)

8.6.6.2 Market Size, By Type, 2016-2026 (USD Million)

8.6.6.3 Market Size, By Distribution Channel, 2016-2026 (USD Million)

8.6.6.4 Market Size, By User, 2016-2026 (USD Million)

8.6.7 UAE

8.6.7.1 Market Size, By Product, 2016-2026 (USD Million)

8.6.7.2 Market Size, By Type, 2016-2026 (USD Million)

8.6.7.3 Market Size, By Distribution Channel, 2016-2026 (USD Million)

8.6.7.4 Market Size, By User, 2016-2026 (USD Million)

8.6.8 South Africa

8.6.8.1 Market Size, By Product, 2016-2026 (USD Million)

8.6.8.2 Market Size, By Type, 2016-2026 (USD Million)

8.6.8.3 Market Size, By Distribution Channel, 2016-2026 (USD Million)

8.6.8.4 Market Size, By User, 2016-2026 (USD Million)

Chapter 9 Company Landscape

9.1 Competitive Analysis, 2020

9.2 Aryzta A.G.

9.2.1 Company Overview

9.2.2 Financial Analysis

9.2.3 Strategic Positioning

9.2.4 Info Graphic Analysis

9.3 Ajinomoto Co. Inc.

9.3.1 Company Overview

9.3.2 Financial Analysis

9.3.3 Strategic Positioning

9.3.4 Info Graphic Analysis

9.4 Cargill Incorporated

9.4.1 Company Overview

9.4.2 Financial Analysis

9.4.3 Strategic Positioning

9.4.4 Info Graphic Analysis

9.5 General Mills Inc.

9.5.1 Company Overview

9.5.2 Financial Analysis

9.5.3 Strategic Positioning

9.5.4 Info Graphic Analysis

9.6 JBS S.A.

9.6.1 Company Overview

9.6.2 Financial Analysis

9.6.3 Strategic Positioning

9.6.4 Info Graphic Analysis

9.7 Kellogg Company

9.7.1 Company Overview

9.7.2 Financial Analysis

9.7.3 Strategic Positioning

9.7.4 Info Graphic Analysis

9.8 The Kraft Heinz Company

9.8.1 Company Overview

9.8.2 Financial Analysis

9.8.3 Strategic Positioning

9.8.4 Info Graphic Analysis

9.9 Nestle S.A.

7.9.1 Company Overview

9.9.2 Financial Analysis

9.9.3 Strategic Positioning

9.9.4 Info Graphic Analysis

9.10 ConAgra Brands, Inc.

9.10.1 Company Overview

9.10.2 Financial Analysis

9.10.3 Strategic Positioning

9.10.4 Info Graphic Analysis

9.11 Associated British Foods Plc.

9.11.1 Company Overview

9.11.2 Financial Analysis

9.11.3 Strategic Positioning

9.11.4 Info Graphic Analysis

9.12 Other Companies

9.12.1 Company Overview

9.12.2 Financial Analysis

9.12.3 Strategic Positioning

9.12.4 Info Graphic Analysis

The Global Frozen Food Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Frozen Food Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the global frozen food market?

The global frozen food market size is projected to grow at a CAGR value of 4.2% between 2021 and 2026.

Who are the major vendors in the frozen food market?

Key and innovative vendors in the frozen food market include Aryzta A.G., Ajinomoto Co. Inc., Cargill Incorporated, General Mills Inc., JBS S.A., Kellogg Company, The Kraft Heinz Company, Nestle S.A., ConAgra Brands, Inc., and Associated British Foods Plc., among others.

Which region has the highest market share in the frozen food market?

The European region is estimated to hold the largest share of the frozen food market.

What is the Covid-19 impact on future Frozen food manufacturers?

COVID-19 has greatly increased demand for frozen foods due to its virtue of retaining nutrients for a longer period and having a longer shelf life than other fresh fruits, veggies, and meat, which are also prophesied to fuel market expansion.

What are the major drivers in the frozen food market?

The frozen food market is driven by the growing demand for food items with longer shelf lives, the growing number of employed people who rely on frozen ready-to-eat meals, growing urbanization, and advancements in technology used in the frozen food industry.