Frozen Food Market 2025 Top Giants Rising Startups to Watch
Author:
Intellectual Market Insights Research
Published Date:
18 Jul 2025
Market Snapshot
Market Size & Growth: Global Frozen Food Market size was valued at USD 350 Billion in 2024 and is poised to grow from USD 450 Billion in 2025 to USD 510 Billion by 2034, growing at a CAGR of 1.4% in the forecast period (2025-2034).
Market Share: North America (~37%) and Europe (~38%) capture this market, Asia-Pacific (fastest-growing, with ~7.2% CAGR through 2034).
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Market Drivers
Growing demand for convenient meal solutions among working professionals.
Busy lifestyles and urbanization driving frozen ready meals, snacks, and bakery items.
Rising popularity of vegan, organic, and clean-label frozen foods.
Expansion of modern retail and e-commerce grocery channels.
Cold chain technology advancements improving quality and shelf life.
Current Growth Trends 2024–2025
Plant-based frozen meals seeing double-digit growth.
Premium frozen seafood and ready-to-cook ethnic cuisines on the rise.
Sustainable packaging innovations for frozen food brands.
D2C (Direct-to-Consumer) frozen meal kit startups gaining traction.
Global brands expanding private label frozen ranges to compete on price.
Top Leading Companies
Here’s a snapshot of the major players shaping the frozen food industry globally
Headquarters: Vevey, Switzerland
Founded: 1866
Employees: ~270,000 (2024)
Revenue 2024: ~$100 Billion USD
Headquarters: Chicago, USA
Founded: 1919
Employees: ~18,000 (2024)
Revenue 2024: ~$12 Billion USD
Headquarters: Feltham, UK
Founded: 2015
Employees: ~8,000 (2024)
Revenue 2024: ~$3 Billion USD
Headquarters: Minneapolis, USA
Founded: 1928
Employees: ~35,000 (2024)
Revenue 2024: ~$20 Billion USD
Headquarters: Florenceville, Canada
Founded: 1957
Employees: ~21,000 (2024)
Revenue 2024: ~$10 Billion USD
Headquarters: Dublin, Ireland
Founded: 2015
Employees: ~120
Revenue 2024: ~$50 Million USD
Market Segmentation Analysis
By Product Type:
- Ready Meals (Frozen Pizza, Pasta, Snacks, Full Meals)
- Frozen Fruits & Vegetables, Frozen Meat & Poultry, Frozen Seafood
- Frozen Bakery Products (Bread, Pastries, Cakes)
- Frozen Desserts (Ice Creams, Frozen Yogurts, Cakes)
By Distribution Channel:
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Retail/E-Commerce
- Specialty Stores,
- Foodservice & HoReCa (Hotels, Restaurants, Cafes))
By End User
- Households/Individual Consumers
- Foodservice Industry
By Geography:
- North America,
- Europe,
- Asia-Pacific,
- Middle East and Africa, and South America
Regional Analysis
North America: Dominates the market with high demand for frozen ready meals and premium frozen snacks.
Europe: Strong growth for frozen vegan products and organic frozen vegetables.
Asia-Pacific: Fastest-growing region driven by urbanization, rising incomes, and modern retail expansion.
Latin America & MEA: Growing urban middle class driving frozen convenience food sales.
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