What is the global market size of Frozen Food Market?

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 Food Market Size, Share, Growth Analysis, By Product types(Frozen Fruits and Vegetables, Frozen Meat and Fish, Frozen-cooked Ready Meals, Frozen Desserts), By Product category(Energy, utilities, transportation & logistics, manufacturing), By Distribution channel(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 - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Frozen Food Market?

Competition in the global Frozen Food market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of Products compatible with Frozen Food will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years. 'Nestle SA', 'General Mills, Inc.', 'Conagra Brands, Inc.', 'Kraft Heinz Company', 'Unilever Group', 'Kellogg Company', 'McCain Foods Limited', 'Nomad Foods Ltd.', 'Ajinomoto Co., Inc.', 'The Schwan Food Company', 'Tyson Foods, Inc.', 'JBS S.A.', 'Birds Eye Limited', 'Hormel Foods Corporation', 'Dr. Oetker GmbH', 'Amy's Kitchen Inc.', 'Nichirei Corporation', 'Findus Group', 'Goya Foods Inc.', 'Pinnacle Foods Inc.'

Q: Which region accounted for the largest share in Global Frozen Food Market?

Globally, North America is estimated to hold the highest global Frozen Food market share. Main factors during this growth period are the Single serving auction and ease in preparation and others.

Report ID: SQMIG30I2189 | Region: Global | Published Date: July, 2024
Pages: 157 | Tables: 124 | Figures: 77

Frozen Food Market Dynamics

Frozen Food Market Drivers

Increasing Popularity of Ready-Made Food to Bolster Market Growth

Fresh, fast and delicious products are necessary to consume. All three boxes are ticked by frozen food along with the provided convenience.Packaged edible products attract the mass on a larger basis from each and every age group due to the convenience provided by the frozen food market. Due to the busy lifestyles of major populations across the globe, the packaged food helps in providing them the convenience to prepare and have the food.As it says time as well as efforts, more population across the globe will shift towards the frozen food products.

Frozen Food Market Restraints

Inclination towards Holistic Food Consumption to Hinder Market Growth

People's perceptions of frozen food as a stale, inferior alternative to fresh food goods have been one of the biggest setbacks and disadvantages for the frozen food sector around the world. There is a widespread misconception among consumers that food loses more nutrients the longer it is stored. It will limit the market's expansion.

Frozen Food Market Report Snapshots

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Frozen Food Market size was valued at USD 256.46 billion in 2019 and is poised to grow from USD 271.8 billion in 2023 to USD 432.55 billion by 2031, growing at a CAGR of 5.98% in the forecast period (2024-2031).

Competition in the Frozen Food market is expected to increase during the forecast period because new players are expected to enter in the market and the number of Products compatible with Frozen Food will also increase. Currently, only a few key players are providing their services in the market but these numbers will increase in the upcoming years. 'Nestle SA', 'General Mills, Inc.', 'Conagra Brands, Inc.', 'Kraft Heinz Company', 'Unilever Group', 'Kellogg Company', 'McCain Foods Limited', 'Nomad Foods Ltd.', 'Ajinomoto Co., Inc.', 'The Schwan Food Company', 'Tyson Foods, Inc.', 'JBS S.A.', 'Birds Eye Limited', 'Hormel Foods Corporation', 'Dr. Oetker GmbH', 'Amy's Kitchen Inc.', 'Nichirei Corporation', 'Findus Group', 'Goya Foods Inc.', 'Pinnacle Foods Inc.'

Fresh, fast and delicious products are necessary to consume. All three boxes are ticked by frozen food along with the provided convenience.Packaged edible products attract the mass on a larger basis from each and every age group due to the convenience provided by the frozen food market. Due to the busy lifestyles of major populations across the globe, the packaged food helps in providing them the convenience to prepare and have the food.As it says time as well as efforts, more population across the globe will shift towards the frozen food products.

The major population across the world is preferring the healthier and fresher food option. Therefore all the companies and major firms are shifting their focus towards healthier options.Along with health concerns, rising popularity of vegan diet has led to the increasing demand of plant based frozen food options. This includes veggie burgers, meatless chicken Nuggets.

Globally, North America is estimated to hold the highest Frozen Food market share. Main factors during this growth period are the Single serving auction and ease in preparation and others.

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Frozen Food Market Dynamics

Frozen Food Market Report Snapshots

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What is the market size of Frozen Food Market?

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Which region accounted for the largest share in Frozen Food Market?

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