Frozen Food Market is projected to reach at USD 346 Billion by 2027 at a CAGR of 5.3% over the forecast period.

Introduction of Frozen Food Market Report

Frozen foods refer to the food products that are processed in the preservation method to preserve flavors, nutrients, and colors of the food. The main aim of frozen food is to make the cooking process easier for consumers and have a longer shelf life. It is considered as an essential component of meals prepared and served in homes and restaurants. Global Frozen food market has been segmented on the basis of product, type, consumption, distribution channel and geographical region.

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The rising number of women workforces is leading to strong demand for frozen foods as it reduces the cooking and preparation time. The easy availability of the different types of frozen food and the drastic change in the consumption habits of consumers will further attract a large number of consumers towards the adoption of frozen food products. Moreover, the rising consumer acceptance and the strong demand for healthy food is further projected to surge the market growth. Numerous manufacturers are adopting different innovative strategies and technological innovations to reduce the loss of nutrients in frozen foods and decrease the use of harmful plastic packaging to meet the increasing demand of the market.

The emergence of the COVID-19 pandemic has accelerated the demand for frozen food products during the forecast period. People who are staying away from their homes are actively looking for different frozen food and ready-to-cook meals options. In addition to this, the restaurants and other fast food outlets are closed, which is encouraging the consumers towards the adoption of frozen fast food options as their evening snacks. All these factors are further energizing the demand of the market. On the other edge, the high maintenance and logistics costs are likely to restrain the growth of the frozen food market.

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Based on the product, the convenience foods & ready meals segment is expected to witness a higher CAGR during the forecast period. This is due to the increasing consumer preference for convenience food products as a result of the remarkable features offered by these food products such as no or minimum cooking requirement, highly cost-effective, and other advantages. In contrast, the processed food segment is experiencing strong demand attributed to the growing requirement for convenience-driven by the busy lifestyle of the consumers. Furthermore, the increasing disposable income of the consumers and the expanding number of the working population are some other factors that are surging the demand of the segment.

On the basis of the type, the ready-to-eat segment is predicted to grow at a faster CAGR during the forecast period. The ready-to-eat food products are fully cooked and can be consumed directly at any desired time and place without further cooking requirements. The strong demand for desserts such as frozen ice creams and frozen yogurt is the major factor that is propelling the segment’s demand. The consumers are becoming more health-conscious, which is promoting them to consume low-calorie ice creams and yogurt. These factors are further accelerating the demand of the segment.

Based on consumption, the food-service segment is projected to dominate the market during the forecast period. The food services industry includes restaurants, pubs, hotels, QSRs, and other foodservice providers. The food service segment is witnessing an upsurge in demand for frozen food as these service providers use frozen food items on a regular basis to save cooking time and improve the taste and quality of the food items.

Based on the distribution channel, the online segment is expected to grow at a higher CAGR during the forecast period due to the increasing penetration of the Internet, especially in the developing economies. The e-commerce shopping is more feasible and convenient as compared to the supermarkets and other offline shops. All these factors, followed by the free home delivery option, are promoting the consumers towards the adoption of online shopping rather than visiting the stores.

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On the basis of the region, Europe is predicted to lead the frozen foods market in the next six years. This is due to the improvement in living standards of people and increasing consumer’s preference towards hygiene-related frozen food products in the market. Moreover, the implementation of strict government regulations to maintain the quality and certifications/tags with the product and to make it more appealing is further enhancing the market’s growth in this region. In contrast, the Asia-Pacific and Rest of the world region are anticipated to witness a higher CAGR owing to the increasing awareness about the benefits of frozen food and the growing number of fast-food outlets.

Various notable players operating in the market include Grupo Bimbo S.A.B. de C.V., Kraft Heinz Company, Nestle SA, Unilever, Kellogg Company, General Mills, Inc., Conagra Brands, Inc., McCain Foods Limited, Associated British Foods plc, and Ajinomoto, among others.

 Key Developments: 

• • In 2020, Nestle SA collaborated with Tajin International Corp. to launch the new Tajin’s first frozen snack known as “Outshine Mango with Tajin” in the US. Through this partnership, Tajin aims to create a family-friendly brand image of their organization.

The global frozen food market segmented into type, distribution channel, consumption, and key regions. Based on the product, the global frozen food market has been segmented into fruits & vegetables, dairy products, bakery products, meat & sea foods, convenience food & ready meals, and others. Based on fruits & vegetables, the global frozen food market has been further segmented into frozen fruits and frozen vegetables. Based on frozen vegetables, the global frozen food market has been further sub segmented into frozen potato and others. Based on bakery products, the global frozen food market has been further segmented into bread & pizza crusts and others. Based on distribution channel, the global frozen food market has been segmented into online and offline. Based on the end user, global frozen food has been segmented into retail and food service. Based on the type, the global frozen food market has been segmented into raw material, half cooked and ready-to-eat.

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Key questions answered in this research report:

• • At what pace is global Frozen Food market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Frozen Food market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Frozen Food market?
  • Which Product generated maximum revenues in 2019 and identify the most promising Product during the forecast period?
  • What are the various Types of global Frozen Food market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues (2027)	USD 346 Billion
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By Type, By Consumption, By Distribution Channel, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Grupo Bimbo S.A.B. de C.V., Kraft Heinz Company, Nestle SA, Unilever, Kellogg Company, General Mills, Inc., Conagra Brands, Inc., McCain Foods Limited, Associated British Foods plc, and Ajinomoto, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Frozen Food Market by Product

• • Fruits & Vegetables
    • Frozen Fruits
    • Frozen Vegetables
      • Frozen Potato
      • Others
  • Dairy Products
  • Bakery Products
    • Bread & Pizza Crusts
    • Others
  • Meat & Sea Foods
  • Convenience Food & Ready Meals
  • Others

Global Frozen Food Market by Type

• • Raw Material
  • Half Cooked
  • Ready-to-Eat

Global Frozen Food Market by Consumption

• • Food Service
  • Retail

Global Frozen Food Market by Distribution Channel

• • Offline
  • Online

Global Frozen Food Market by Region

• • North America Frozen Food Market (Option 1: As a part of the free 25% customization)
    • North America Market by Product
    • North America Market by Type
    • North America Market by Consumption
    • North America Market by Distribution Channel
    • US Market All-Up
    • Canada Market All-Up
  • Europe Frozen Food Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Product
    • Europe Market by Type
    • Europe Market by Consumption
    • Europe Market by Distribution Channel
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Frozen Food Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Product
    • Asia-Pacific Market by Type
    • Asia-Pacific Market by Consumption
    • Asia-Pacific Market by Distribution Channel
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Frozen Food Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Product
    • RoW Market by Type
    • RoW Market by Consumption
    • RoW Market by Distribution Channel
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Frozen Food (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Grupo Bimbo S.A.B. de C.V.
  • Kraft Heinz Company
  • Nestle SA
  • Unilever
  • Kellogg Company
  • General Mills, Inc.
  • Conagra Brands, Inc.
  • McCain Foods Limited
  • Associated British Foods plc
  • Ajinomoto