According to IMARC Group, the global frozen food market size reached US$ 252.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 352.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.74% during 2024-2032.
The report has segmented the market by product type (frozen vegetable snacks, frozen meat products, frozen vegetables and fruits), frozen vegetable snacks type (french fries, bites, wedges and smileys, aloo tikki, nuggets, and others), frozen meat products type (chicken, fish, pork, mutton, and others), frozen vegetables type (green peas, corn, mixed vegetables, carrot, cauliflower, and others), frozen fruits type (strawberries, berries (raspberries, blueberries and blackberries), cherries, and others), and region.
Factors Affecting the Growth of the Frozen Food Industry:
- Growing Demand for Convenience Foods:
One of the primary drivers of the frozen food market is the increasing consumer demand for convenience foods. Busy lifestyles, particularly in urban areas, have led to a preference for quick and easy meal solutions. Frozen foods, such as ready meals, frozen meat, and vegetables, offer the advantage of reduced preparation time and minimal effort, making them highly appealing to consumers seeking both convenience and nutrition. The ability of these products to fit seamlessly into hectic schedules while providing a variety of meal options is a key factor driving market growth.
- Advancements in Freezing Technologies:
Technological advancements in freezing methods have significantly enhanced the global frozen food market. Innovations like Individual Quick Freezing (IQF), blast freezing, and cryogenic freezing have improved the way food is frozen, preserving its texture, flavor, and nutritional value more effectively. IQF technology freezes individual pieces of food separately, preventing lump formation and ensuring better quality. Blast freezing rapidly brings down the food’s temperature, preserving freshness and reducing the formation of ice crystals that can damage cellular structure. Cryogenic methods, using liquid nitrogen or carbon dioxide, provide ultra-fast freezing, ideal for high-quality preservation. These advancements have not only extended the shelf life of frozen foods but also maintained their quality, thus making them more appealing to health-conscious consumers.
- Rising Health Awareness and Dietary Shifts:
The increasing health consciousness among consumers worldwide is influencing the frozen food market. There is a growing preference for frozen foods that are not only convenient but also healthy and nutritious. The availability of high-quality, organic, and natural frozen products, including fruits, vegetables, and meat, caters to this demand. Additionally, dietary shifts towards plant-based and protein-rich diets are leading to an expansion in the variety of frozen food offerings, including meat substitutes and specialty dietary products. These trends reflect a broader consumer shift towards frozen foods that align with health and dietary preferences, fueling market growth.
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Frozen Food Market Report Segmentation:
By Product Type:
- Frozen Vegetable Snacks
- Frozen Meat Products
- Frozen Vegetables and Fruits
Frozen meat products dominate the global frozen food market due to their convenience, longer shelf life, and the growing consumer demand for easy-to-prepare, protein-rich foods that fit into busy lifestyles.
By Frozen Vegetable Snacks:
- French Fries
- Bites, Wedges and Smileys
- Aloo Tikki
- Nuggets
- Others
Based on the frozen vegetable snacks, the market has been divided into French fries, bites, wedges and smileys, aloo tikki, nuggets, and others.
By Frozen Meat Products:
- Chicken
- Fish
- Pork
- Mutton
- Others
On the basis of frozen meat products, the market has been divided into chicken, fish, pork, mutton, and others.
By Frozen Vegetables:
- Green Peas
- Corn
- Mixed Vegetables
- Carrot
- Cauliflower
- Others
Based on frozen vegetables, the market has been divided into green peas, corn, mixed vegetables, carrot, cauliflower, and others.
By Frozen Fruits:
- Strawberries
- Berries (Raspberries, Blueberries and Blackberries)
- Cherries
- Others
On the basis of frozen fruits, the market has been divided into strawberries, berries (raspberries, blueberries and blackberries), cherries, and others.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Europe holds the largest market share in the global frozen food market, attributed to the region’s high consumer preference for convenient, time-saving food options, coupled with the well-established cold chain infrastructure facilitating the widespread availability of frozen products.
Competitive Landscape With Key Players:
The competitive landscape of the frozen food market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Ajinomoto Co. Inc.
- Aryzta A.G.
- Associated British Foods plc
- Bellisio Foods Inc. (Charoen Pokphand Foods)
- Cargill Incorporated
- Conagra Brands Inc.
- General Mills Inc.
- The Kraft Heinz Company
- JBS S.A.
- Jeanie Marshal Foods Ltd
- Kellogg Company
- McCain Foods Limited
- Nestlé S.A.
- Wawona Frozen Foods
Global Frozen Food Market Trends:
The growing emphasis on healthier and premium-quality frozen food options represents one of the key factors driving the growth of the frozen food market across the globe. This shift is driven by increasing health consciousness among consumers, which is leading to a demand for frozen products that are organic, low in additives, and high in nutritional value. In line with this, the market is witnessing a surge in plant-based frozen food products, catering to the rising vegetarian and vegan populations and those seeking alternative protein sources.
The expansion of global cuisines in the frozen food aisle, as consumers increasingly seek diverse and exotic flavors from around the world is fueling the market growth. In addition to this, technological advancements in freezing techniques and packaging are improving the quality and shelf life of frozen foods, making them more appealing to consumers. Apart from this, convenience remains a key factor, with a continued preference for ready-to-cook meals and easy-to-prepare options, aligning with the fast-paced lifestyles of modern consumers.
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Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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