[196 Pages Report] The Frozen Food Market size was estimated at USD 261.47 billion in 2023 and expected to reach USD 284.70 billion in 2024, at a CAGR 8.82% to reach USD 472.77 billion by 2030.
Frozen foods refer to a wide range of food items that have undergone freezing and storage at low temperatures, typically ranging from -18°C to -40°C. These food items include fruits, vegetables, meat, poultry, seafood, dairy products, baked goods, ready-to-eat meals, and other processed foods. The increasing demand for convenience in meal preparation is due to busy lifestyles, rising disposable incomes, and expanding urban populations. However, logistics and transportation issues involved in maintaining an uninterrupted cold chain from manufacturing facilities to retail outlets, and any failure in this process can result in product spoilage or contamination. In addition, technological advancements in refrigeration and packaging have further contributed to making frozen foods more accessible to a broader customer base.
The freezing process is crucial in maintaining the quality, flavor, and nutritional value of frozen foods. There are several techniques and equipment used in the industry, catering to varying needs and preferences. The most common freezing methods include blast freezing and individual quick freezing, In this technique, each food item is separately frozen using cryogenic fluids or a mechanical freezer, and cryogenic freezing. Packaging plays a vital role in protecting frozen foods from external factors such as moisture, oxygen exposure, UV light penetration while also preserving their freshness during transportation and storage. The main categories of frozen food packaging materials and formats include flexible and rigid packaging.
Frozen vegetables have become essential kitchen staples for many consumers due to their convenience and longer shelf life when compared to fresh produce. Frozen meat & seafood caters to busy households seeking quick meal solutions with minimal preparation time. Frozen snacks comprise ready-to-eat items that cater to various tastes and preferences. Frozen desserts satisfy consumer cravings for indulgence while offering the convenience of on-demand consumption.
The offline distribution channel has long been the primary means by which frozen foods reach customers. This encompasses various retail formats such as supermarkets, hypermarkets, convenience stores, and specialty retailers. The rise of eCommerce has transformed consumer behavior patterns significantly over recent years, leading many businesses within the frozen food industry to invest heavily in developing online distribution capabilities.
In the residential retail use sector, frozen food products are primarily purchased by individual households to be consumed at home. The availability of these products has made it easier for busy consumers to enjoy nutritious meal options without compromising on taste or quality. The commercial sector encompasses restaurants, fast-food chains, hotels, catering services, cafes, and other institutional facilities such as hospitals or schools where large quantities of frozen food are utilized.
In the American region, consumers prioritize convenience and value for money when purchasing frozen products. The demand for healthy and innovative options drives manufacturers to invest in research and development. In Asia-Pacific, frozen food consumption in China has grown rapidly due to urbanization, increasing disposable incomes, and changing lifestyles. The aging population and a growing number of dual-income households in Japan have increased frozen food consumption. The European market has a high preference for organic, plant-based, and ethically produced frozen foods. Initiatives such as the European Commission's Farm to Fork Strategy aim to reduce greenhouse gas emissions by promoting sustainable food production practices. In the Middle East and Africa, there is a rising demand for halal-certified frozen foods due to religious preferences.
The FPNV Positioning Matrix is pivotal in evaluating the Frozen Food Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Frozen Food Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Real Good Foods Announces Launch of Two New Global Entrées and Expansion into Publix Stores
The Real Good Food Company, Inc. has expanded its Global Entrees platform to over 1,200 Publix stores. This expansion introduces new flavors, such as Tika Masala and Korean BBQ, allowing RGF's Global Meals to be available in over 10,000 stores nationwide. The development of these new flavors was driven by feedback from the Company's community across various social platforms. [Published On: 2023-07-11]
Bikano Launches Range of Frozen Products in International Market
Bikano has launched a line of frozen products in the global market to achieve a 40 percent year-on-year growth from exports. By venturing into the international market, Bikano aims to capitalize on potential opportunities and anticipates reaching sales of INR 200 crores (USD 24.1 million) in the fiscal year 2023-2024. [Published On: 2023-05-25]
McCain Foods Acquires Scelta Products
McCain Foods acquired Scelta Products to maintain and strengthen its global prepared appetizer market position. This focused approach has allowed McCain to expand its product offerings and cater to a wider consumer base. Scelta Products' impressive range of frozen appetizers, such as onion rings, battered and breaded mushrooms, and other vegetable-based delights, seamlessly complements McCain's existing appetizer portfolio. By integrating Scelta Products' plant assets into McCain's extensive product network, production capacity is substantially boosted. This acquisition ensures that the excellence and innovation associated with Scelta Products are upheld and further cultivated under McCain's stewardship. [Published On: 2022-09-13]
The report delves into recent significant developments in the Frozen Food Market, highlighting leading vendors and their innovative profiles. These include Aryzta A.G., Associated British Foods PLC, Bonduelle S.A., Cargill Incorporated, Conagra Foods, Inc., General Mills Inc., Goya Foods, Inc., GreenYard, H.J. Heinz Company, Iceland Foods Ltd., JBS S.A., Kellogg Company, McCain Foods Limited, Mosaic Foods, Nestle S.A., Nichirei Corporation, and Nomad Foods Limited.
This research report categorizes the Frozen Food Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Product
- Bakery Products
- Dairy Products
- Frozen Fish
- Frozen Fruits & Vegetables
- Frozen Meat
- Frozen Ready Meals
- Frozen Soup
- Freezing & Packaging Techniques
- Freezing Techniques & Equipment
- Air-Blast Freezers
- Belt Freezers
- Contact Freezers
- Tunnel Freezers
- Frozen Food Packaging
- Antimicrobials
- Edible Films
- Moisture Control
- Oxygen Scavengers
- Time Temperature Indicators
- Freezing Techniques & Equipment
- Type
- Half-Cooked
- Raw Material
- Ready-To-Drink
- Ready-To-Eat
- Distribution
- Offline
- Online
- End User
- Food Service Industry
- Retail Users
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast of the Frozen Food Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Frozen Food Market?
- What are the technology trends and regulatory frameworks in the Frozen Food Market?
- What is the market share of the leading vendors in the Frozen Food Market?
- Which modes and strategic moves are suitable for entering the Frozen Food Market?
- Preface
- Research Methodology
- Executive Summary
- Market Overview
- Market Insights
- Frozen Food Market, by Product
- Frozen Food Market, by Freezing & Packaging Techniques
- Frozen Food Market, by Type
- Frozen Food Market, by Distribution
- Frozen Food Market, by End User
- Americas Frozen Food Market
- Asia-Pacific Frozen Food Market
- Europe, Middle East & Africa Frozen Food Market
- Competitive Landscape
- Competitive Portfolio
- List of Figures [Total: 26]
- List of Tables [Total: 656]
- List of Companies Mentioned [Total: 17]
First and foremost, the convenience offered by frozen food is a primary driver in its surging demand. In today's fast-paced world, there is a constant search to save time and energy with regard to meal preparation. Frozen food is the perfect solution to this problem, as it is designed to be quickly prepared and requires minimal effort. The rise of single-person households and hectic working schedules have also aided in propelling the demand for frozen food, leading consumers to opt for fast and convenient meal options.
Another important factor for the increase in the frozen food market is the number of women entering the workforce. More female workers mean less cooking time and a preference for readily available food options, which increases the demand for convenience meal solutions such as frozen food. With more women joining the labor force, the market for frozen food has seen a considerable shift in consumer preference, resulting in the expansion of product offerings that cater to the specific needs and tastes of female consumers.
In the past, there has been a certain stigma associated with frozen food, particularly that it is not a healthy option. However, with the technological advancements in freezing techniques, the nutritional value of frozen foods has improved considerably, and they are now seen as a practical and healthy choice. As consumers become more health-conscious, the frozen food industry has responded by catering to their demands for healthier options through the use of organic and natural ingredients and by offering gluten-free, low-fat, and vegetarian options. Moreover, there has been a growing adoption of frozen food among athletes, Bodybuilders, and fitness enthusiasts due to the convenience of high-protein and low-carb options.
The frozen food market has also expanded to include an extensive range of cuisines that cater to consumers' diverse tastes and preferences. This has given rise to the growth of specialty food products such as gourmet frozen entrées, organic frozen meals, frozen ethnic cuisine, and frozen snacks, among others. The growing availability of affordable exotic ingredients has opened up new avenues for innovation and experimentation in the frozen food industry. Furthermore, the entry of new brands has increased competition, resulting in an ever-growing product line of affordable and quality frozen food products.
The frozen food market has been expanding rapidly due to surging demand for convenience food options and a growing female working population. The frozen food industry has transformed its image by providing nutritional value and a diverse range of cuisines that cater to different consumer preferences. The growth in the frozen food market has opened up numerous opportunities and challenges, leading to a move towards more natural and health-focused product lines. With innovation and a focus on consumer needs, the frozen food industry is expected to continue broadening its scope, catering to the ever-changing consumer tastes and preferences.
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