Frozen Foods Market Share Is Expected To Grow At A CAGR Of 5.2% By 2032

The global frozen foods market size was evaluated at $250.1 Billion in 2022 and is slated to hit $553.1 Billion by the end of 2030, with a CAGR of nearly 5.2% between 2023 and 2030.

The frozen foods market includes a variety of prepared foods that undergo a freezing process to maintain quality and extend shelf life. This method slows microbial growth and enzymatic activity, preserving nutritional value while ensuring food safety. Market growth is driven by consumer demand for convenience, longer product shelf life, and the increasing availability of diverse frozen food options. Strong distribution networks play a key role in making frozen foods widely accessible to retail consumers and the food service industry.

Browse the full “Frozen Foods Market By Product (Convenience Food & Ready Meals, Fruits & Vegetables, Meat & Seafood, Bakery Products, And Dairy Products), By Type (Ready-To-Cook, Raw Material, And Half-Cooked), By Distribution Channel (Offline And Online), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030.”- Report at https://www.zionmarketresearch.com/report/frozen-food-market

However, rising energy costs pose a challenge to frozen food industry expansion.

Market Growth Factors

• Convenience and ease of preparation: Busy lifestyles drive demand for frozen foods requiring minimal preparation, making them a go-to choice for quick meals.
• Extended shelf life: Frozen foods reduce waste and offer cost-effective meal solutions, making them a preferred option for consumers and businesses.
• Rising demand for nutrient-rich options: Consumers seek healthier frozen food alternatives, leading to innovation in nutrient-packed and preservative-free products.

Restraints

• Perceptions of lower nutritional value: Some consumers perceive frozen foods as less healthy than fresh alternatives, which can affect their purchasing decisions.
• High energy costs: The high energy consumption required for freezing, storage, and transportation increases operational expenses, impacting market growth.

Frozen foods Market Report Scope:

Market Segmentation

The frozen foods market can be segmented into product, type, distribution channel, and region.

On the basis of product, the frozen foods market is segmented into convenience food and ready meals, fruits and vegetables, meat and poultry, seafood, ready meals, bakery products, and others. Of these, the convenience food and ready meals segment is expected to have the largest market share as growing consumer demand for quick, hassle-free meal solutions is driving the popularity of ready-to-eat frozen meals.

Based on the type, the market is classified into ready-to-cook, raw material, and half-cooked. The ready-to-cook type leads the market since consumers prefer ready-to-cook frozen food for its balance between convenience and customization in meal preparation.

Based on the distribution channel, the frozen foods industry is segregated into supermarkets and hypermarkets, convenience stores, online retail, and food service. Of these, supermarkets and hypermarkets dominate the market due to consumer preference for physically inspecting frozen food before purchase.

North America leads the global frozen foods market due to the high demand for convenience-driven meal solutions and a well-established retail network. The region's large population and strong economy support continuous market expansion. Rising consumer preference for processed and ready-to-eat foods further fuels industry growth. Additionally, major market players invest heavily in product innovation and marketing strategies, introducing new frozen food varieties to attract consumers. Increased disposable income and busy lifestyles continue to drive the adoption of frozen food products across households and food service industries.

Key Market Players

Some of the prominent companies operating in the frozen foods market include:

• General Mills Inc
• Kraft Heinz Company
• Grupo Bimbo S.A.B.  de C.V.
• Conagra Brands Inc.
• Nestle SA
• Unilever
• McCain Aryzta
• Foods Limited
• Associated British Foods plc
• Vandemoortele NV
• Europastry S.A.
• Omar International Pvt Ltd
• Ajinomoto
• Kidfresh
• Lantmannen Unibake International
• Cargill Incorporated
• Chevron Agrotech Pvt Ltd
• Shishi He Deming
• Kellogg Company
• JBS.

Recent Developments

• In February 2024, Tyson Foods launched a new line of frozen chicken products with organic ingredients.
• In March 2024, Conagra Brands published an in-depth report, "Future of Frozen Food 2024," highlighting key industry trends shaping the market.

The Frozen foods Market is segmented as follows:

By Product

• Convenience Food & Ready Meals
• Fruits & Vegetables
• Meat & Seafood
• Bakery Products
• Dairy Products

By Type

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

By Distribution Channel

• Offline
• Online

By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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