Notice: Global Information Announces Listing on JASDAQ Standard Market of the Tokyo Stock Exchange

Cover Image
Market Research Report

Frozen Food Market - Forecast(2020 - 2025)

Published by IndustryARC Product code 973103
Published Content info 122 Pages
Delivery time: 2-3 business days
Back to Top
Frozen Food Market - Forecast(2020 - 2025)
Published: September 11, 2020 Content info: 122 Pages

Frozen Food market Overview:

According to the Food and Agriculture Organization of United Nations, nearly one third of the food produced every year amounting to roughly $680 billion (approximately 1.3 billion tons) gets either wasted, or lost[1]. The issue of food wastage has given birth to the frozen food market which is experiencing a colossal growth with an increase in disposable income, and accentuated refrigeration technology. According to the analyst at IndustryARC, the global frozen food market size in 2018 stood between $225 billion to $228 billion. The market is estimated to grow steadily with a normal CAGR of 3.5%-5% during the forecast period of 2019-2025. Geographically, Europe led the frozen food market with a regional share of 30%-32% in 2018 owing to an increase in mergers and acquisitions between vendors and hypermarkets. On-the-go consumption of food is also driving the European frozen food market.

Frozen Food Market Outlook:

The prospect for frozen food market has never seemed brighter. With a growing awareness in food trends, consumers are resorting to cooking fresh meals at home which are free from any preservatives. For this, they require frozen foods which come in extensive categories these days, some of which are dairy-free, vegan, gluten-free, sugar-free, low fat, etc. Availability of high quality frozen foods makes market growth easier, and less prone to negative fluctuation. Recent trends in technology have introduced cryogenic freezing which prevents aNAition of any artificial preservatives, while maintaining negligible growth of microorganisms at the same time. Ready meals, a key segment of the frozen food market, is expected to grow at a standard CAGR of 2.5%-4%. It is a convenient, and accessible option for the working class society which is perpetually busy, and consistently short on time.

Frozen Food Market Growth Drivers:

An Increasing Demand for Preservative Free Food

With an increase in organic produce demand, consumers are incessantly on the lookout for fresh vegetables, seafood, and fruits that do not have a short shelf life. Since most of the organic produce expires quickly, hypermarkets are resorting to freezing of frozen foods which customers are interested in buying. Cryogenic freezing of food items extends their shelf lives, and makes them free from any aNAed preservatives. Consumers flock towards these products, and help frozen food market in attaining noticeable growth.

The Shopping Trends of Millennials

Contrary to popular beliefs on millennials being irresponsible buyers, frozen food market heavily relies on their purchasing trends. Millennials are ready to experiment, and invest on novel things unlike the generation before them. They also tend to buy products that preserve their time, and are easy to handle. These traits fuel the market growth of frozen foods as they are convenient, and ready to use, exactly how millennials might prefer. This generation, which drowns in student debts, and underpaying jobs relies majorly on the frozen food market for their nutritional needs.

Frozen Food Market Challenges:

One of the basic challenges faced by the frozen food market is the lack of a proper supply chain system, and the consistent fear of cold chain systems failing. Since frozen foods require a set optimum temperature around -18°C, even the slightest failure in cold chain system can result in massive wastage. A thoroughly functioning power backup, and consistent vigilance is required for assuring negligible frozen food loss.

Frozen Food Market Key Players Perspective:

According to the analyst at IndustryArc, some of the key players in the frozen food market are Nestle SA, Unilever, Kellogg Company , General Mills Inc, Conagra Brands, Inc., Grupo Bimbo S.A.B. de C.V., McCain Foods Limited , Kraft Heinz Company, and Associated British.

In 2018, after recognizing the frozen food preference patterns of millennials, and losing out to rivals like LeanMeals, Nestle increased production in its US factories, and introduced a plethora of items in its lineup like frozen coconut chickpea curry, and sweet earth lover's veggie pizza[2].

Frozen Food Market Trends:

Improved Supply Chain Management

In order to make sure that the frozen food market continues to grow, and is not obstructed by food wastage, companies are employing an ameliorated supply chain management system. Reefer trucks are being used to consistently maintain an optimum environment for frozen foods to stay fresh. These trucks are now being fitted with third party GPS technologies for timely deliveries. This being a primary market disruption, is driving the growth of frozen food market in a positive direction.

The Rise Of IQF Food

IQF stands for 'individually quick frozen' which implies that all the items in a frozen food packet are frozen individually, and not as a block. The method involves passing of every individual piece of food through a blast chiller on a conveyor belt. This assures freshness in the food items even after thawing. An amount of peas for example, if frozen using IQF technique and packed in a carton, liNAed tray, or crystallized PET tray will sell faster owing to its freshness as compared to the one frozen using ordinary refrigerant technique.

Frozen Food Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the frozen food market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of cheese in the frozen food market, and their specific applications in different areas.

Frozen Food market Report: Industry Coverage

Frozen food market can be segmented on the basis of type, and distribution channels. Based on distribution channels, the market can be divided into supermarkets, hypermarkets, online stores, and convenience stores. On the basis of type, the market can be bifurcated into ready to eat meals, seafood, vegetables, fruits, etc.

The frozen food market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

North America: The U.S., Canada, Mexico

South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark

APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

MiNAle East and Africa: Israel, South Africa, Saudi Arabia

Key Questions ANAressed in the Frozen Food Market Report

Is the market demand for Frozen Food growing? How long will it continue to grow and at what rate?

Which type of home security system presents the major growth opportunities?

Is there a possibility for change in the market structure over time?

Are aNAitional developments needed for the existing product or services offerings or do the existing products meet the customer demands?

Do the key vendors look for partnerships to expand their businesses with respect to geography or product?

What are the short-term, long-term, and medium-term growth drivers for the market?

What are the short-term, medium-term, and long-term challenges for the market?

What are the short-term, medium-term, and long-term opportunities for the market

Who are the top players/companies of the market?

What are the recent innovations in the market?

How many patents have been filed by the leading players?

What are the types of patents filed by the leading players?

What is our Vision 2030 for Frozen Food market?

A Few Focus Points Of This Research Are Given Below:

Give a deep-dive analysis of the key operational strategies with focus on the corporate structure, R&D strategies, localization strategies, production capabilities, and sales performance of various companies

Provide an overview of the product portfolio, including product planning, development, and positioning

Discuss the role of technology companies in partnerships

Explore the regional sales activities

Analyze the market size and giving the forecast for current and future global Frozen Food market during the forecast 2018-2023

Analyze the competitive factors, competitors' market shares, product capabilities, and supply chain structures

Table of Contents
Product Code: FBR 0030

Table of Contents

1. Frozen Food Market - Overview

  • 1.1. Definitions and Scope

2. Frozen Food Market - Executive summary

  • 2.1. Market Revenue, Market Size and Key Trends by Company
  • 2.2. Key Trends by type of Application
  • 2.3. Key Trends segmented by Geography

3. Frozen Food Market

  • 3.1. Comparative analysis
    • 3.1.1. Product Benchmarking - Top 10 companies
    • 3.1.2. Top 5 Financials Analysis
    • 3.1.3. Market Value split by Top 10 companies
    • 3.1.4. Patent Analysis - Top 10 companies
    • 3.1.5. Pricing Analysis

6. Frozen Food Market Forces

  • 6.1. Drivers
  • 6.2. Constraints
  • 6.3. Challenges
  • 6.4. Porters five force model
    • 6.4.1. Bargaining power of suppliers
    • 6.4.2. Bargaining powers of customers
    • 6.4.3. Threat of new entrants
    • 6.4.4. Rivalry among existing players
    • 6.4.5. Threat of substitutes

7. Frozen Food Market -Strategic analysis

  • 7.1. Value chain analysis
  • 7.2. Opportunities analysis
  • 7.3. Product life cycle
  • 7.4. Suppliers and distributors Market Share

8. Frozen Food Market - By Product Type (Market Size -$Million / $Billion)

  • 8.1. Market Size and Market Share Analysis
  • 8.2. Application Revenue and Trend Research
  • 8.3. Product Segment Analysis
    • 8.3.1. Ready to eat meals
    • 8.3.2. Potatoes
    • 8.3.3. Vegetables and Fruits
    • 8.3.4. Soups
    • 8.3.5. Meat
    • 8.3.6. Fish/Seafood
    • 8.3.7. Others

9. Frozen Food Market - By Distribution Channel (Market Size -$Million / $Billion)

  • 9.1. Supermarkets
  • 9.2. Hypermarkets
  • 9.3. Online stores
  • 9.4. Convenience stores
  • 9.5. Others

10. Frozen Food - By Geography (Market Size -$Million / $Billion)

  • 10.1. Frozen Food Market - North America Segment Research
  • 10.2. North America Market Research (Million / $Billion)
    • 10.2.1. Segment type Size and Market Size Analysis
    • 10.2.2. Revenue and Trends
    • 10.2.3. Application Revenue and Trends by type of Application
    • 10.2.4. Company Revenue and Product Analysis
    • 10.2.5. North America Product type and Application Market Size
      • U.S.
      • Canada
      • Mexico
      • Rest of North America
  • 10.3. Frozen Food - South America Segment Research
  • 10.4. South America Market Research (Market Size -$Million / $Billion)
    • 10.4.1. Segment type Size and Market Size Analysis
    • 10.4.2. Revenue and Trends
    • 10.4.3. Application Revenue and Trends by type of Application
    • 10.4.4. Company Revenue and Product Analysis
    • 10.4.5. South America Product type and Application Market Size
      • Brazil
      • Venezuela
      • Argentina
      • Ecuador
      • Peru
      • Colombia
      • Costa Rica
      • Rest of South America
  • 10.5. Frozen Food - Europe Segment Research
  • 10.6. Europe Market Research (Market Size -$Million / $Billion)
    • 10.6.1. Segment type Size and Market Size Analysis
    • 10.6.2. Revenue and Trends
    • 10.6.3. Application Revenue and Trends by type of Application
    • 10.6.4. Company Revenue and Product Analysis
    • 10.6.5. Europe Segment Product type and Application Market Size
      • U.K
      • Germany
      • Italy
      • France
      • Netherlands
      • Belgium
      • Spain
      • Denmark
      • Rest of Europe
  • 10.7. Frozen Food - APAC Segment Research
  • 10.8. APAC Market Research (Market Size -$Million / $Billion)
    • 10.8.1. Segment type Size and Market Size Analysis
    • 10.8.2. Revenue and Trends
    • 10.8.3. Application Revenue and Trends by type of Application
    • 10.8.4. Company Revenue and Product Analysis
    • 10.8.5. APAC Segment - Product type and Application Market Size
      • China
      • Australia
      • Japan
      • South Korea
      • India
      • Taiwan
      • Malaysia

11. Frozen Food Market - Entropy

  • 11.1. New product launches
  • 11.2. M&A's, collaborations, JVs and partnerships

12. Frozen Food Market Company Analysis

  • 12.1. Market Share, Company Revenue, Products, M&A, Developments
  • 12.2. Ajinomoto (Japan)
  • 12.3. Iceland Foods Ltd. (U.K.)
  • 12.4. McCain Foods (Canada)
  • 12.5. ConAgra Foods, Inc. (U.S.)
  • 12.6. Kerry Group (Ireland)
  • 12.7. Company 6
  • 12.8. Company 7
  • 12.9. Company 8
  • 12.10. Company 9
  • 12.11. Company 10 and more

"*Financials would be provided on a best efforts basis for private companies"

13. Frozen Food Market - Appendix

  • 13.1. Abbreviations
  • 13.2. Sources

14. Frozen Food Market - Methodology

  • 14.1. Research Methodology
    • 14.1.1. Company Expert Interviews
    • 14.1.2. Industry Databases
    • 14.1.3. Associations
    • 14.1.4. Company News
    • 14.1.5. Company Annual Reports
    • 14.1.6. Application Trends
    • 14.1.7. New Products and Product database
    • 14.1.8. Company Transcripts
    • 14.1.9. R&D Trends
    • 14.1.10. Key Opinion Leaders Interviews
    • 14.1.11. Supply and Demand Trends
Back to Top