PUBLISHER: Grand View Research | PRODUCT CODE: 1750828
PUBLISHER: Grand View Research | PRODUCT CODE: 1750828
The global frozen food market is estimated to reach USD 712.76 Billion by 2030 and is anticipated to expand at a CAGR of 6.0% during the forecast period, according to a new report by Grand View Research, Inc. Rising consumer preference for ready-to-eat food products, which need least preparation and cooking time is the key factor driving the market growth. As urban populations grow and lifestyles become busier, individuals across all age groups are gravitating towards packaged edible products that simplify meal preparation. The appeal of frozen foods lies in their ability to significantly reduce cooking time, offering a quick and practical solution for those balancing work, school, and personal commitments.
The rapid growth of e-commerce and online grocery platforms is significantly boosting the frozen food market by providing consumers with convenient access, a wider product selection, and home delivery options. This digital shift caters to busy lifestyles and evolving shopping habits, accelerating market expansion globally. People increasingly rely on frozen meals and snacks that are easy to store, reheat, or consume on the go, catering to the demand for fast, portable, and hassle-free food choices. Furthermore, the rise in dual-income households and the proliferation of quick-service restaurants that utilize frozen ingredients to maintain efficiency and consistency boost market growth.