Frozen Food Market Revenue Growth and Expected to Surpass Expectations by 2032

Introducing the Most Recent Research Report [2023-2032] on the Frozen Food Market: Size, Emerging Trends, Market Share, Remarkable Growth, Segmentation, Comprehensive Analysis, and Forward-Looking Projections for 2032. This report presents an in-depth examination of the critical drivers propelling global market sales. Within its 120 pages, the report delivers a comprehensive evaluation of the industry's current status, encompassing aspects such as market size, market share, anticipated trends, growth rate, distribution channels, and more.

The global frozen food market is expected to expand at a CAGR of 4.5% and will be worth USD 377.3 Billion by 2023.

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The main factor driving the market is the change in population composition and the change in lifestyle. The proportion of millennials in the population has increased considerably in the recent past. They are starting to consider frozen food as a viable alternative because it is more convenient to use and befits their busy schedule. Additionally, restaurants and fast food chains have also increased the usage of frozen food to make their offerings more cost effective.

Segmentation based on product
The various frozen food products available in the market are meals, fruits and vegetables, meat and seafood, and snacks, among others. The frozen meal market is expected to have the highest global revenue generation of USD 149.9 Billion by 2023 growing at a CAGR of 4.2%. The frozen meat and seafood market is expected to be the second-largest market segment having a global revenue of USD 120.3 Billion by 2023 and CAGR of 3.3%. The growth can be attributed to convenience, availability of various cuisine options and the change of perception of people towards frozen food. Moreover, due to hectic lifestyle, time available for home cooking and grocery shopping is expected to witness a decline. These factors will also contribute heavily to the growth of the market.

Regional insights
North America is the leading contributor to the global frozen food market. The North American frozen food market is projected to expand at a CAGR of 3.4% during 2018-2023, leading to a regional revenue of USD 183.4 Bn by 2023. However, the Asia-Pacific (APAC) region is anticipated to expand at the highest CAGR of 7.3% between 2018 and 2023. The growth can be attributed to increase in per capita income and rapid urbanization. In the LATAM frozen food market, Brazil, Argentina and Mexico are the key contributing countries. In the MEA frozen food market, Saudi Arabia and the United Arab Emirates are the key contributors.

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Companies Covered

Cargill
Nestle
JBS
Tyson
Kraft Heinz
General Mills
Ajinomoto
BRF
Conagra

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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Some Questions Answered in the Frozen Food Market Report:

What is the projected size of the Frozen Food market in 2030, and what growth rate is expected?
What are the primary drivers of growth in the Frozen Food industry?
What are the major market trends that are affecting the expansion of the Frozen Food market?
What obstacles must be overcome in order to achieve sustained growth in the Frozen Food market?
What opportunities and threats do vendors in the Frozen Food market face?
What are the raw materials and manufacturing equipment used in the production of Frozen Food Market, and what is the manufacturing process?
What are the different types and applications of Frozen Food Market, and what is the market share of each type and application?
What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Frozen Food market?
What factors are driving the growth of the Frozen Food market in the top regions worldwide?
Who are the major players in the Frozen Food market, and what strategies are they employing to succeed?
What industrial trends, drivers, and challenges are influencing the expansion of the Frozen Food market?
What are the main findings of a five forces analysis of the Frozen Food market?

Here are the key highlights of the report:

Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
In-depth analysis of the competitive landscape, identifying key trends within the industry.
Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER's five forces.
Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
Guidance provided for new market entrants, assisting them in navigating the industry landscape.
Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.

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This release was published on openPR.