Global Frozen Food Market Size, Share, Growth Analysis, By Product types, By Product category, By Distribution channel, By Freezing technique(Individual Quick Freezing, Blast Freezing)

Description

Global Frozen Food Market size was valued at USD 256.46 billion in 2021 and is poised to grow from USD 271.8 billion in 2022 to USD 432.55 billion by 2030, growing at a CAGR of 5.98% in the forecast period (2023-2030).

Frozen foods have gained significant popularity due to their numerous advantages, including reduced food wastage, convenience for consumers, absence of preservatives, lack of seasonal restrictions, and nutritional value. These factors have contributed to the global demand for frozen foods.One of the key benefits of frozen foods is their ability to extend the shelf life of perishable items, making them less likely to go to waste. Research published in the British Food Journal indicates that frozen food generates 47% less food waste at home compared to non-frozen food. This not only benefits consumers in terms of cost but also has positive environmental implications.

In today's fast-paced world, where individuals worldwide are juggling multiple responsibilities, the need for fresh, convenient, and delicious food options is crucial. Frozen products meet these requirements, making them increasingly appealing to the busy working population. Moreover, frozen food items are processed quickly, with ingredients being picked, washed, and blanched within an hour of freezing. As a result, there is no need for preservatives, as microorganism growth is inhibited when food is kept below -9.5 degrees Celsius. Overall, the advantages of frozen foods, such as extended shelf life, portioning convenience, reduced food waste, and absence of preservatives, make them an attractive choice for people seeking practical and nutritious meal options.

Segments covered in this report:

The Global Frozen Food market is segmented on the basis of Product type, product category, distribution channel freezing technique and region. By product type, the market is segmented into Frozen Fruits and Vegetables, Frozen Meat and Fish, Frozen-cooked Ready Meals, Frozen Desserts, Frozen Snacks, and Other Product Types. By Product category, the market is segmented intoReady-to-eat, Ready-to-cook, Ready-to-drink, and Other Product Categories. By distribution channel, the market is segmented into Supermarkets/Hypermarkets, Convenience Stores, Online Channels, and Other Distribution Channels.By Freezing, technique, Individual Quick Freezing (IQF), Blast Freezing, Belt Freezing, and Other Freezing Techniques. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Driver

The increasing popularity of ready-made food is a major driver of the frozen food market. Consumers are looking for convenient and easy-to-prepare food options that are still fresh and delicious. Frozen food offers all of these benefits, and it is also a more affordable option than many other types of ready-made food. The convenience of frozen food is particularly appealing to busy people who have little time to cook. Frozen food can be easily thawed and cooked in a matter of minutes, making it a great option for people who are short on time. Additionally, frozen food is often pre-portioned, which can help to reduce food waste.

Restraint

The growing inclination towards holistic food consumption is a major challenge for the frozen food market. Holistic food is typically seen as being fresh, unprocessed, and locally-sourced. This perception has led some consumers to believe that frozen food is inferior to fresh food, and that it loses nutrients over time.This misconception is not entirely accurate. While frozen food may not be as fresh as fresh food, it is still a healthy and convenient option. Frozen food is often flash-frozen at the peak of freshness, which helps to preserve nutrients. Additionally, frozen food can be a great way to save money and reduce food waste.

Market Trends

The global population is showing a preference for healthier and fresher food choices, prompting companies and major firms to redirect their focus towards providing healthier options. In addition to health considerations, the growing popularity of vegan diets has resulted in an increased demand for plant-based frozen food alternatives. This includes products like veggie burgers and meatless chicken nuggets.

Product Code: SQMIG30I2189

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Frozen Food Market by Product types

Market Overview
Frozen Fruits and Vegetables
Frozen Meat and Fish
Frozen-cooked Ready Meals
Frozen Desserts
Frozen Snacks
and Other Product Types

Global Frozen Food Market by Product category

Market Overview
Energy
utilities
transportation & logistics
manufacturing
consumer electronics

Global Frozen Food Market by Distribution channel

Market Overview
Supermarkets/Hypermarkets
Convenience Stores
Online Channels
and Other Distribution Channels

Global Frozen Food Market by Freezing technique

Market Overview
Individual Quick Freezing (IQF)
Blast Freezing
Belt Freezing
and Other Freezing Techniques

Global Frozen Food Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Nestle SA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
General Mills, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Conagra Brands, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Kraft Heinz Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Unilever Group
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Kellogg Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
McCain Foods Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Nomad Foods Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Ajinomoto Co., Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
The Schwan Food Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Tyson Foods, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
JBS S.A.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Birds Eye Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Hormel Foods Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Dr. Oetker GmbH
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Amy's Kitchen Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Nichirei Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Findus Group
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Goya Foods Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Pinnacle Foods Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Frozen Food Market Size, Share, Growth Analysis, By Product types, By Product category, By Distribution channel, By Freezing technique(Individual Quick Freezing, Blast Freezing) - Industry Forecast 2023-2030