Frozen Food Market

Frozen Food Market by Types (Frozen fruits & vegetables, Frozen meat & fish, Frozen-cooked ready meals, Frozen desserts, and Frozen snacks), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

  • Report ID: FB-2435
  • Author: Growth Market Reports
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  • No. Of Pages: 210
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The global frozen food market size is projected to reach USD 3,405 million by 2028 at a substantial CAGR during the forecast period. Growth of the market is attributed to rising impulsive purchasing.


Frozen Food Market

The rising trend of employment around the world has shifted consumers' tastes towards ready-to-eat food products, which take less time to prepare. Consumers have less time to cook at home due to their hectic work schedules, which has fueled demand for frozen products such as frozen potatoes, ready meals, pork, and fish. Frozen meals take less time and effort to prepare than fresh foods, rising customer demand for convenience foods indirectly stimulates demand for frozen foods. Increasing disposable income has a substantial impact on the growth of the frozen food business since it increases consumers' purchasing power. According to the international labor organization's "world employment social outlook," unemployment rates in high-income nations such as the US, the UK, Germany, and Canada have decreased significantly in recent years.

The Covid-19 pandemic affected the demand and supply of global frozen food market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing demand of ready to eat product is projected to drive the frozen food market.
  • Growing disposable income with changing life style has fueled the market.
  • Low shelf-life of frozen food is estimated to hinder the market growth.
  • Development of nutritious frozen food is anticipated to create immense opportunities for the market players.

Scope of the Report

The report on the global frozen food market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Frozen Food Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2021–2028

Segmentation

Types (Frozen fruits & vegetables, Frozen meat & fish, Frozen-cooked ready meals, Frozen desserts, and Frozen snacks)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Unilever; Nestle SA; General Mills; Nomad Foods Ltd; Tyson Foods Inc.; and Conagra Brands Inc.

Market Segment Insights:

The frozen cooked ready meals hold the major market share

Based on types, the global frozen food market is segregated into frozen fruits & vegetables, frozen meat & fish, frozen-cooked ready meals, frozen desserts, and frozen snacks. The frozen cooked ready meals segment accounted for more than 30.0 percent of revenue in 2019. The segment is expected to maintain its dominance over the forecast period due to extensive consumption of ready meals among working-class individuals worldwide. The frozen meat & fish segment is expected to stay alive in the next few years due to simple availability to products in brick-and-mortar retailers all over the world. Because of rising demand for French fries and increased use of potatoes in various types of cuisines around the world, the potatoes segment is predicted to rise at rapid rate, with a CAGR of 4.0 percent during forecast period.


Frozen Food Market

The market in Europe is projected to hold a major market share

In terms of regions, the global frozen food market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is anticipated to dominate the market. Since the 1990s, customers' attitude on frozen food has changed, owing to rising living standards and  growing desire for convenience. Most producers have been successful, as the frozen food market in nations like the United Kingdom, France, and Germany has resumed its upward trend.


Frozen Food Market

Segments

Segments Covered in the Report

The global frozen food market is segmented on the basis of

Types

  • Frozen fruits & vegetables
  • Frozen meat & fish
  • Frozen-cooked ready meals
  • Frozen desserts
  • Frozen snacks

Regions          

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Unilever
  • Nestle SA
  • General Mills
  • Nomad Foods Ltd
  • Tyson Foods Inc.
  • Conagra Brands Inc.

Competitive Landscape

Major players competing in the frozen food market include Unilever, Nestle SA, General Mills, Nomad Foods Ltd, Tyson Foods Inc., and Conagra Brands Inc.

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

Frozen Food Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Frozen Food Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Frozen Food Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Frozen Food Market - Supply Chain
  4.5. Global Frozen Food Market Forecast
     4.5.1. Frozen Food Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Frozen Food Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Frozen Food Market Absolute $ Opportunity
5. Global Frozen Food Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Frozen Food Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Frozen Food Demand Share Forecast, 2019-2026
6. North America Frozen Food Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Frozen Food Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Frozen Food Demand Share Forecast, 2019-2026
7. Latin America Frozen Food Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Frozen Food Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Frozen Food Demand Share Forecast, 2019-2026
8. Europe Frozen Food Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Frozen Food Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Frozen Food Demand Share Forecast, 2019-2026
9. Asia Pacific Frozen Food Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Frozen Food Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Frozen Food Demand Share Forecast, 2019-2026
10. Middle East & Africa Frozen Food Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Frozen Food Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Frozen Food Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Frozen Food Market: Market Share Analysis
  11.2. Frozen Food Distributors and Customers
  11.3. Frozen Food Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report

The global frozen food market is segmented on the basis of

Types

  • Frozen fruits & vegetables
  • Frozen meat & fish
  • Frozen-cooked ready meals
  • Frozen desserts
  • Frozen snacks

Regions          

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Unilever
  • Nestle SA
  • General Mills
  • Nomad Foods Ltd
  • Tyson Foods Inc.
  • Conagra Brands Inc.

Major players competing in the frozen food market include Unilever, Nestle SA, General Mills, Nomad Foods Ltd, Tyson Foods Inc., and Conagra Brands Inc.

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

Frozen Food Market

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