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Frozen Food Market worth $472.77 billion by 2030, growing at a CAGR of 8.82% - Exclusive Report by 360iResearch
Frozen Food Market | 360iResearch
The Global Frozen Food Market to grow from USD 261.47 billion in 2023 to USD 472.77 billion by 2030, at a CAGR of 8.82%.
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Frozen foods refer to a wide range of food items that have undergone freezing and storage at low temperatures, typically ranging from -18°C to -40°C. These food items include fruits, vegetables, meat, poultry, seafood, dairy products, baked goods, ready-to-eat meals, and other processed foods. The increasing demand for convenience in meal preparation is due to busy lifestyles, rising disposable incomes, and expanding urban populations. However, logistics and transportation issues involved in maintaining an uninterrupted cold chain from manufacturing facilities to retail outlets, and any failure in this process can result in product spoilage or contamination. In addition, technological advancements in refrigeration and packaging have further contributed to making frozen foods more accessible to a broader customer base.
In the American region, consumers prioritize convenience and value for money when purchasing frozen products. The demand for healthy and innovative options drives manufacturers to invest in research and development. In Asia-Pacific, frozen food consumption in China has grown rapidly due to urbanization, increasing disposable incomes, and changing lifestyles. The aging population and a growing number of dual-income households in Japan have increased frozen food consumption. The European market has a high preference for organic, plant-based, and ethically produced frozen foods. Initiatives such as the European Commission's Farm to Fork Strategy aim to reduce greenhouse gas emissions by promoting sustainable food production practices. In the Middle East and Africa, there is a rising demand for halal-certified frozen foods due to religious preferences.
Market Segmentation & Coverage:
This research report categorizes the Frozen Food Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Bakery Products, Dairy Products, Frozen Fish, Frozen Fruits & Vegetables, Frozen Meat, Frozen Ready Meals, and Frozen Soup. The Frozen Meat commanded largest market share of 24.70% in 2023, followed by Frozen Ready Meals.
Based on Freezing & Packaging Techniques, market is studied across Freezing Techniques & Equipment and Frozen Food Packaging. The Freezing Techniques & Equipment is further studied across Air-Blast Freezers, Belt Freezers, Contact Freezers, and Tunnel Freezers. The Frozen Food Packaging is further studied across Antimicrobials, Edible Films, Moisture Control, Oxygen Scavengers, and Time Temperature Indicators. The Frozen Food Packaging commanded largest market share of 62.76% in 2023, followed by Freezing Techniques & Equipment.
Based on Type, market is studied across Half-Cooked, Raw Material, Ready-To-Drink, and Ready-To-Eat. The Raw Material commanded largest market share of 39.70% in 2023, followed by Ready-To-Drink.
Based on Distribution, market is studied across Offline and Online. The Offline commanded largest market share of 94.01% in 2023, followed by Online.
Based on End User, market is studied across Food Service Industry and Retail Users. The Food Service Industry commanded largest market share of 66.94% in 2023, followed by Retail Users.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.45% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Frozen Food Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Frozen Food Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Frozen Food Market, highlighting leading vendors and their innovative profiles. These include Aryzta A.G., Associated British Foods PLC, Bonduelle S.A., Cargill Incorporated, Conagra Foods, Inc., General Mills Inc., Goya Foods, Inc., GreenYard, H.J. Heinz Company, Iceland Foods Ltd., JBS S.A., Kellogg Company, McCain Foods Limited, Mosaic Foods, Nestle S.A., Nichirei Corporation, and Nomad Foods Limited.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Frozen Food Market, by Product
7. Frozen Food Market, by Freezing & Packaging Techniques
8. Frozen Food Market, by Type
9. Frozen Food Market, by Distribution
10. Frozen Food Market, by End User
11. Americas Frozen Food Market
12. Asia-Pacific Frozen Food Market
13. Europe, Middle East & Africa Frozen Food Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Frozen Food Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Frozen Food Market?
3. What is the competitive strategic window for opportunities in the Frozen Food Market?
4. What are the technology trends and regulatory frameworks in the Frozen Food Market?
5. What is the market share of the leading vendors in the Frozen Food Market?
6. What modes and strategic moves are considered suitable for entering the Frozen Food Market?
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sales@360iresearch.com
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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