openPR Logo
Press release

Frozen Food Market Size 2024, Industry Trends, Growth Drivers and Future Demand By 2032

02-02-2024 11:17 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Frozen Food Market Size 2024, Industry Trends, Growth Drivers

According to IMARC Group, the global frozen food market size reached US$ 252.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 352.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.74% during 2024-2032.

Global Frozen Food Market Trends:

The market growth of frozen food is primarily driven by the increasing demand for convenience and longer shelf life in food products. The fast-paced lifestyle has led consumers to seek quick and easy meal options, making frozen foods a popular choice. These products, ranging from ready meals to fruits and vegetables, cater to this need while also reducing food waste through extended preservation. Additionally, technological advancements in freezing techniques have improved the quality and variety of frozen food products, enhancing their taste and nutritional value. This, combined with rising disposable incomes and the expanding retail distribution networks, further propels the growth of the frozen food market.

Request to Get the Sample Report: https://www.imarcgroup.com/frozen-food-market/requestsample

Factors Affecting the Growth of the Frozen Food Industry:

• Changing Consumer Lifestyles and Preferences:

The growth of the frozen food market is significantly influenced by changing consumer lifestyles, particularly in urban areas. With the fast-paced nature of modern living, there is an increasing demand for convenient meal solutions. Frozen foods offer a quick and easy alternative to traditional cooking, aligning with the busy schedules of working professionals. Moreover, the evolution of consumer preferences toward ready-to-eat meals has been a critical factor. These products cater to time-saving needs and the growing desire for diverse cuisines and flavors. As health consciousness rises, there is also a rise in demand for frozen foods that are both nutritious and convenient, leading manufacturers to innovate and expand their healthy and organic product ranges.

• Technological Advancements in Preservation and Logistics:

Technological advancements in the freezing and preservation process have been pivotal in driving the growth of the frozen food market. Modern freezing technologies like flash freezing help in preserving the nutritional value, texture, and flavor of food products, making them more appealing to health-conscious consumers. These technological improvements extend the shelf life of products without the need for preservatives, aligning with the clean label trend. Furthermore, advancements in logistics and supply chain management have enabled efficient and cost-effective distribution of frozen foods globally. Improved refrigeration techniques in transportation and better storage facilities ensure the maintenance of optimum temperatures, thus reducing the risk of spoilage and expanding the reach of frozen food products to various markets.

• Rise in Retail and Online Shopping Channels:

The expansion of retail and online shopping channels has played a crucial role in the growth of the frozen food market. The increasing number of supermarkets and hypermarkets, especially in emerging economies, has made frozen foods more accessible to a wider audience. These retail channels often offer a diverse range of frozen food products, catering to various consumer preferences. In addition, the rise in online grocery shopping, accelerated by the COVID-19 pandemic, has opened new avenues for the frozen food industry. Online platforms provide the convenience of home delivery, which is particularly appealing for frozen food purchases. The ability to shop from a wide assortment at competitive prices, coupled with the ease of home delivery, has significantly contributed to the market growth.

Frozen Food Market Report Segmentation:

Breakup by Product Type:

• Frozen Vegetable Snacks
• Frozen Meat Products
• Frozen Vegetables and Fruits

Frozen meat products represented the largest segment due to their widespread popularity and longer shelf life compared to fresh meats.

Breakup by Frozen Vegetable Snacks Type:

• French Fries
• Bites, Wedges and Smileys
• Aloo Tikki
• Nuggets
• Others

By frozen vegetable snacks type, the market is segmented into French fries, bites, wedges and smileys, aloo tikki, nuggets, and others.

Breakup by Frozen Meat Products Type:

• Chicken
• Fish
• Pork
• Mutton
• Others

By frozen meat products type, the market is bifurcated into chicken, fish, pork, mutton, and others.

Breakup by Frozen Vegetables Type:

• Green Peas
• Corn
• Mixed Vegetables
• Carrot
• Cauliflower
• Others

By frozen vegetables type, the market is categorized into green peas, corn, mixed vegetables, carrot, cauliflower, and others.

Breakup by Frozen Fruits Type:

• Strawberries
• Berries (Raspberries, Blueberries, Blackberries)
• Cherries
• Others

By frozen fruits type, the market is classified into strawberries, berries (raspberries, blueberries and blackberries), cherries, and others.

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Europe emerged as the largest market, driven by high consumer demand for convenience foods and strong distribution networks.

Ask Analyst for Customized Report: https://www.imarcgroup.com/request?type=report&id=3501&flag=C

Competitive Landscape With Key Players:

The competitive landscape of the global frozen food market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Ajinomoto Co. Inc.
• Aryzta A.G.
• Associated British Foods plc
• Bellisio Foods Inc. (Charoen Pokphand Foods)
• Cargill Incorporated
• Conagra Brands Inc.
• General Mills Inc.
• The Kraft Heinz Company
• JBS S.A.
• Jeanie Marshal Foods Ltd
• Kellogg Company
• McCain Foods Limited
• Nestlé S.A.
• Wawona Frozen Foods

Key Highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse Related Reports:

Saffron Market Report 2024: https://www.openpr.com/news/3370406/saffron-market-size-2024-industry-demand-business

Fast Food and Quick Service Restaurant Market Report 2024: https://www.openpr.com/news/3370565/fast-food-and-quick-service-restaurant-market-size-trends

Contact Us:
IMARC Group
134 N 4th St
Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Frozen Food Market Size 2024, Industry Trends, Growth Drivers and Future Demand By 2032 here

News-ID: 3370647 • Views:

More Releases from IMARC Group

GCC Pet Food Market Size is Expected to Reach USD 422.9 Million By 2033 | CAGR: 5.3%
GCC Pet Food Market Size is Expected to Reach USD 422.9 Million By 2033 | CAGR: …
GCC Pet Food Market Overview Market Size in 2024: USD 266.2 Million Market Size in 2033: USD 422.9 Million Market Growth Rate 2025-2033: 5.3% According to IMARC Group's latest research publication, "GCC Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC pet food market size was valued at USD 266.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 422.9 Million by 2033, exhibiting a
GCC Residential Real Estate Market Size to Worth USD 147.77 Billion by 2033 | With a 7.50% CAGR
GCC Residential Real Estate Market Size to Worth USD 147.77 Billion by 2033 | Wi …
GCC Residential Real Estate Market Overview Market Size in 2024: USD 73.31 Billion Market Size in 2033: USD 147.77 Billion Market Growth Rate 2025-2033: 7.50% According to IMARC Group's latest research publication, "GCC Residential Real Estate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC residential real estate market size was valued at USD 73.31 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 147.77 Billion by
GCC Drones Market Size to Surpass USD 2,005.3 Million by 2033 | With a 13.3% CAGR
GCC Drones Market Size to Surpass USD 2,005.3 Million by 2033 | With a 13.3% CAG …
GCC Drones Market Overview Market Size in 2024: USD 588.2 Million Market Size in 2033: USD 2,005.3 Million Market Growth Rate 2025-2033: 13.3% According to IMARC Group's latest research publication, "GCC Drones Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The GCC drones market size was valued at USD 588.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 2,005.3 Million by 2033, exhibiting a growth rate of
Medical Imaging Market to Surpass USD 70.8 Billion by 2033, at a CAGR of 5.03%
Medical Imaging Market to Surpass USD 70.8 Billion by 2033, at a CAGR of 5.03%
Market Overview: The medical imaging market is experiencing rapid growth, driven by Growing Burden of Chronic and Age-Related Diseases, Expansion of Government-Funded Health Infrastructure and Technological Advancements in Imaging Modalities. According to IMARC Group's latest research publication, "Medical Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The global medical imaging market size reached USD 44.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach

All 5 Releases


More Releases for Frozen

Prominent Frozen Shrimp Market Trend for 2025: Innovation in the Frozen Shrimp M …
What Are the Projected Growth and Market Size Trends for the Frozen Shrimp Market? The size of the frozen shrimp market has seen substantial growth over the past few years. The market is set to expand from $24 billion in 2024 to $26.23 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 9.3%. This growth previously observed was due to various factors, such as the growing customer demand for
Frozen Food Market (2020 to 2026) - Global Industry Analysis, Size, Share, Growt …
The Global Frozen Food market is anticipated to reach the market valuation of US$ 320.06 billion by 2026 growing with a CAGR of 4.6% during the forecasted period (2020-2026) from US$ 232.42 billion in 2019. In reality, families that include frozen foods in their daily routine can have a better quality of diet. There are plenty of chances to find anything you want with so many options in the frozen
Frozen Food Market: By Type Frozen Ready-To-Eat Meals, Frozen Meat and Poultry, …
Freezing food preserves it from the time it is prepared to the time it is eaten. Since early times, farmers, fishermen, and trappers have preserved grains and produce in unheated buildings during the winter season. Freezing food slows down decomposition by turning residual moisture into ice, inhibiting the growth of most bacterial species. In the food commodity industry, there are two processes: mechanical and cryogenic (or flash freezing). The freezing
Global Frozen Potatoes Market Research Report 2019 by types | Frozen Chips, Froz …
Frozen Potatoes Market  The report provides a global analysis of Frozen Potatoes Market data from 2019 to 2025. The report reveals the overview, chain structure, and illustrate the industry’s current situation, evaluate global market volume/share. The market report studies key player’s Profiles/Analysis, product insights, regional analysis insights, product types, and product application insights. The market has been qualified based on a comprehensive market analysis with inputs from industry experts. Have Questions? Request a
Frozen Finger Chips (Frozen French Fries) Market
https://www.qandqmarketresearch.com/reports/7031292/frozen-finger-chips-frozen-french-fries-market-107 This report studies the global market size of Frozen Finger Chips Frozen French Fries in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Frozen Finger Chips Frozen French Fries in these regions. This research report categorizes the global Frozen Finger Chips Frozen French Fries market by players/brands, region, type and application. This report also studies the global
Frozen Food Market analysis report- with Leading players and Major Types: Frozen …
Frozen Food Market Freezing food preserves it from the time it is prepared to the time it is eaten. Since early times, farmers, fishermen, and trappers have preserved grains and produce in unheated buildings during the winter season. Freezing food slows down decomposition by turning residual moisture into ice, inhibiting the growth of most bacterial species. In the food commodity industry, there are two processes: mechanical and cryogenic (or flash freezing). To