Global Frozen Foods Market Size, Share & Trends Analysis Report By Type (Frozen Ready Meals, Frozen Seafood & Meat Products, Frozen Snacks & Bakery Products, Others), By Distribution Channel (Supermarket/Hypermarkets, Convenience Stores, Specialty Stores, Online Retail) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America), Global Economy Insights, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast Till 2032.

The report offers the value (in USD Billion) for the above segments.

Region: Global | Format: Word, PPT, Excel | Report Status: Published

 

Market Overview:

The Global Frozen Food Market size was valued at USD 299.14 Billion in 2023 and is projected to grow from USD 314.43 Billion in 2024 to USD 468.46 Billion by 2032, exhibiting a CAGR of 5.11% during the forecast period.

Frozen foods, which provide an array that exhibits unconventionally long storage life and convenience, epitomize a vibrant and emerging segment in the global food industry. The whole technology of freezing brought a revolution in food preservation, allowing one to enjoy seasonal foods or foods available in off-seasons. The principle of low-temperature preservation depends on the decrease in the temperature of food products below the freezing point, which inhibits the growth of microorganisms and enzymatic reactions responsible for their spoilage. Therefore, frozen foods retain much better nutritive value, flavour, and texture than most of the other methods.

The market features samples of frozen vegetables, fruits, meats, seafood, and meals, among others. Demand for the frozen foods has tremendously shot up for a number of reasons. First is that modern shifting paces in lifestyles have propelled the need for fast preparation and convenient meal alternatives. Frozen foods provide an effective way to feed someone without spending much more time working in one's kitchen to prepare the foods. In addition, the quality and safety of frozen food have been improved with the development in freezing technology and packaging, which has also increased the confidence of consumers.

Another aspect driving the frozen foods market is changing dietary trends and the rise in health consciousness. In the current scenario of increasing health awareness among consumers, the demand for frozen foods that have the value proposition of a health benefit, such as reduced sodium, lower fat, or even added nutrients, has started growing. The very innovation in product formulation and packaging is set in that direction—offering healthier options while maintaining the convenience of frozen foods.

Further, the growth in retail channels—supermarkets, hypermarkets, and online grocery platforms—boosts the market. The latter has also positively impacted the increased ease with which consumers can now access frozen foods through different channels of distribution. More and more retail sectors are embracing the frozen food segment through stocking their stores with these sections and diversification of products to meet current consumer tastes.

The preferences of consumers are not alone in their acts; other major influencing factors in the frozen foods market include economic and supply chain dynamics. Economic fluctuations can alter consumer spending power, which impacts demand for either premium or budget frozen foods. Quality and availability in the area of frozen foods are vastly influenced by the supply chain: sourcing, transport, and storage. In essence, the efficiency of the whole logistic and cold chain management of frozen products in their activities, from production to retailing, determines the integrity of the frozen products themselves.

 
Market Dynamics - Market Drivers

Developments in retail landscape

  • The retail environment has become very dynamic over the last few years because of technological change, changing consumer behaviour, and new business models. Probably the most important among these changes is the rise of e-commerce, which has altogether changed how consumers buy products and services. Online platforms have stretched the geographical reach of retailers, allowing them to sell their products across the globe while providing the convenience of shopping from home. This has just fostered the development of Omni channel retail strategies, whereby traditional brick-and-mortar stores are combined with digital channels for a seamless customer shopping experience. This is forcing retailers to increasingly implement technologies such as mobile applications, personalized marketing, and AI-driven customer service in a bid to amass more consumer engagement and loyalty.
  • Demand for DTC models in which brands skip the redundant distribution channels to reach customers has increased at high speed in the retail landscape. This method provides control over brand identity, price to its brand, and customer data while bringing the brand closer to the customer. Sustainability in retail has become a major talking point as companies and consumers look for ways to be more environmentally friendly. These will include packaging that is sustainable, ethical sourcing, and carbon-neutral operations—differentiators in a competitive market.

Rising demand for convenience food

  • The demand for convenience foods has been increasing due to changing consumer lifestyles and preferences. People are busy in their lives; there is an increase in their working hours and, hence, in their hectic life. Therefore, the demand for quick, easy meals rose. Convenience foods provide quick meal solutions that are both palatable and nutritious. They encompass foods that are ready-to-eat, frozen, and pre-packaged snacks. This is especially true for urban populations, young professionals, and dual-income households, where often the time-consuming effort required in the traditional model of scratch cooking becomes infeasible.
  • The demand for convenience food stems from the improvement of the technologies of food processing and packaging. This advancement has enhanced the quality of convenience food in relation to its shelf life, quality, and safety. For example, most of the current convenience foods are processes into their healthful versions, low in the sodium content, fat, and inclusion of the organic or natural ingredients. Today, even the convenience food market has grown in variety and customization overall, to the point of very specific dietary needs, such as gluten-free, vegan, or low-carb diets.

 

Market Opportunities

Increasing trade of processed food

  • A fast-growing trend in the processed food trading business has been driving the global food industry, impelled by globalization, betterment in food preservation technologies, and changing consumer preference. Now, processed foods canned goods, frozen products, packaged snacks, ready to cook or ready to eat meals are an integral part of most diets around the world. Coupled with this increasing trade are the advances in transportation and cold chain logistics that can now move food products over long distances safely without loss of quality or shelf life.
  • Another key reason behind the surge in international trade of processed foods is global trade agreements and tariff reductions. In a bid to diversify the basket of food supply and meet the requirements of their populations, countries result in imports of processed food products. This is specifically true for the regions where a certain type of food is not locally produced due to climatic or agricultural reasons. For example, tropical fruits either in juice form or dried as snack foods are exported to the temperate region, while their processed meats and dairy products from the temperate find ready markets in the warmer climates.

 

Market Restraining Factors

Rising preference for fresh and natural food products

  • Another trend in evolving consumer behaviour is there is increasing demand for fresh and natural food stuffs. This can equally be put across to have been driven mostly by the growth in health consciousness, environmental concerns, and authenticity among their food choices. In general, more people nowadays reach out to food products that are minimally processed and free of artificial additives, as well as those that are as natural as possible. This makes up a larger trend among more healthy eaters toward more nutrient-dense, whole food eating practices.
  • Fresh and natural food products are considered more nutritious and safe, and are sorted into organic, non-GMO, and locally sourced ingredients. This demand is also driven by the growing environment awareness regarding food production. Shoppers are becoming increasingly aware of the impact their food choices have on the planet, therefore there is a distinct preference for more sustainably produced foods. Tendencies would be to avoid food produced at the expense of large chemical use, high carbon footprints, and low biodiversity.

 

Key Industry Developments

In February 2024, Stouffer’s, a prominent name in the frozen foods industry, has introduced its latest product: Stouffer’s Single-Serve White Cheddar Mac & Cheese. This new offering aims to enhance cooking convenience with five different preparation methods: boil-in-bag, microwave, pizza oven/impinger, rapid-cook oven, and steamer.

In December 2023, Anthony Mangieri of Una Pizza Napoletana, a renowned chef, has unveiled a new frozen pizza line named Genio Della Pizza. Baked over a woodfire and featuring authentic Italian ingredients, this product is designed to meet the increasing demand for traditional Italian pizza. The launch includes various flavors, such as plum tomatoes, buffalo mozzarella, basil, sea salt, flour, and oregano.

 

Report Coverage

The report will cover the qualitative and quantitative data on the global Frozen Foods Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

 

Report Scope and Segmentations:

Study Period

2024-32

Base Year

2023

Estimated Forecast Year

2024-32

Growth Rate

CAGR of 5.11% from 2024 to 2032

Segmentation

By Type, By Distribution Channel, By Region

Unit

USD Billion

By Type

  • Frozen Ready Meals
  • Frozen Seafood & Meat Products
  • Frozen Snacks & Bakery Products
  • Others

By Distribution Channel

  • Supermarket/Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Retail

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, UK, Italy, Spain, Russia, Rest of Europe)
  • Asia-Pacific (China, India, Japan, ASEAN, Rest of Asia-Pacific)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • MEA (Saudi Arabia, South Africa, UAE, Rest Of MEA)

 

Key Companies in the Frozen Food Market Include:
  • General Mills Inc.
  • Nestle SA
  • Conagra Brands Inc.
  • The Kellogg Company
  • Grupo Bimbo S.A.B. DE C.V.
  • Lantmannen Unibake International
  • The Kraft Heinz Company
  • Unilever PLC
  • Wawona Frozen Foods
  • Tyson Foods, Inc.

Frozen Food Market Segmentation Analysis:

By Type

  • Frozen Ready Meals
  • Frozen Seafood & Meat Products
  • Frozen Snacks & Bakery Products
  • Others

By Distribution Channel

  • Supermarket/Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Retail

Segmentation Analysis

The market scope is segmented because of by Type, by Distribution Channel.

By Type

Based on the Type of the market is segmented into Frozen Ready Meals, Frozen Seafood & Meat Products, Frozen Snacks & Bakery Products, Others.

The segments within the frozen foods market, Frozen Ready Meals have become a prime segment within the market. This segment has grown to become a market leader because of a couple of reasons that go well with the lifestyle and preference of current consumers. Modern living, specifically in urban areas, has ensued speed in life, thereby generating a need for solutions to meals that are quick and convenient with little or no time for preparation. Frozen ready meals fill the bill to a T in this regard, being a great variety of foods that can be cooked in two to four minutes, hence providing convenience and variety without compromise in taste and nutritional value.

The popularity of frozen ready-meals also finds its audience in every scope of the market, from busy professionals to students and families. These ready-made meals usually contain many of the commodities: a balanced mix of proteins, vegetables, and carbohydrates, responding to the needs of people who greatly desire a wholesome meal but are highly pressed for time. Furthermore, in being diverse, from international cuisines to diet-specific options like low-calorie or gluten-free, in the ready meals frozen segment of the market, there is something for everybody else there, which means a much wider appeal.

By Distribution Channel

Based on the Distribution Channel of the market is segmented into Supermarket/Hypermarkets, Convenience Stores, Specialty Stores, Online Retail.

 The market segments of distribution channels, supermarkets and hypermarkets have normally seen high market dominance. This could be because of their wide accessibility, product extension, and the ease they offer to the consumer. Supermarkets and hypermarkets offer single-window shopping where the consumer gets almost everything from fresh produce to household items to a range of processed foods under one roof. The floor area is large, hence the stores can stock many brands and products to cater to the different tastes and budgets of their customers.

One of the major reasons behind this dominance is the trust the consumers attach to the established chains of supermarkets and hypermarkets. Most of them have measures for quality control in ensuring that products they offer have passed some certain standards. Other than this, many stores also have frequent promotions and discounts that eventually earn them a large customer base while creating customer loyalty.

Regional Snapshots:

By region, it offers insights into the markets in North America, Europe, Asia-Pacific, Latin America, and MEA. Traditionally, the market of North America dominated due to a variety of factors, such as high consumer purchasing power, well-established retail infrastructure, and strong emphasis on convenience and processed foods. This mature market of this region demands a variety of frozen, processed, and convenience food products, impelled by fast pace in consumer's lives. In addition, the strong supply chain and distribution networks also guarantee effective product delivery across geographically large areas in North America, thus complementing its market dominance. This is strongly supported by the presence of major food and beverage companies, coupled with continuous innovations in food technology and packaging, which has undoubtedly given North America leadership in the market.

The Asia-Pacific region is expected to be the fastest-growing region. The key drivers for this growth in the region include the rise of the middle class and rapid urbanization, which have resulted in changes in consumer behaviour and spending patterns. As disposable incomes rise, people in this region have started demanding more convenience and ready-to-eat foods due to increasingly fast-paced lives. Yet, this vast and diverse population also translates to a huge and varied market for food products—traditional foods and Western-style processed and convenience foods.

Frozen Food Market Report is also available for below Regions and Country Please Ask for that

North America

  • U.S.
  • Canada

Europe

  • Switzerland
  • Belgium
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherland
  • Turkey
  • Rest of Europe

Asia-Pacific

  • India
  • Australia
  • Philippines
  • Singapore
  • South Korea
  • Japan
  • China
  • Malaysia
  • Thailand
  • Indonesia
  • Rest Of APAC

Latin America

  • Mexico
  • Argentina
  • Peru
  • Colombia
  • Brazil
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest Of MEA
 
Points Covered in the Report
  • The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
  • The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 12 years data history and forecast.
  • The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
  • Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
  • The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

 

Key Reasons to Purchase
  • To gain insightful analyses of the Frozen Food market and have comprehensive understanding of the global market and its commercial landscape.
  • Assess the production processes, major issues, and solutions to mitigate the development risk.
  • To understand the most affecting driving and restraining forces in the market and its impact in the global market.
  • Learn about the Frozen Food market strategies that are being adopted by leading respective organizations.
  • To understand the future outlook and prospects for the Frozen Food market. Besides the standard structure reports, we also provide custom research according to specific requirements.

 

Research Scope of Frozen Food Market
  • Historic year: 2018- 2022
  • Base year: 2023
  • Forecast: 2024 to 2032
  • Representation of Market revenue in USD Million

Frozen Food Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends:

  • PUBLISHED ON : August, 2024
  • BASE YEAR : 2023
  • STUDY PERIOD : 2020-2032
  • COMPANIES COVERED : 20
  • COUNTRIES COVERED : 25
  • NO OF PAGES : 380

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