Frozen Food Market Share to Reach $604.17 Billion By 2032 at 4.4% CAGR: Polaris Market Research

Frozen food refers to food that has been subject to rapid freezing and kept in that state until used. Freezing food slows down the pace of the decomposition process by transforming residual moisture into ice. That way, the growth of several bacterial species on the food product gets inhibited. Freezing food preserves the food from its preparation time to its eating time. Also, it offers an affordable way for individuals to get their daily dose of essential nutrients in the form of fruits, vegetables, and other food products. Along with being a time-saving convenience, frozen foods can be a benefit for individuals having limited utensils or kitchen space.

There are various types of frozen food products in the frozen food market, including frozen metal & poultry, frozen vegetables & fruits, and frozen seafood. For individuals who enjoy munching, frozen food options like frozen ready meals and frozen snacks are available. These frozen food products can be purchased at convenience stores, specialty stores, and supermarkets/hypermarkets. Besides, the food products can be purchased at various online retail platforms. The convenience offered by frozen food makes it appealing to people of all age groups, thereby driving the expansion of the market.

𝗚𝗲𝘁 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗣𝗮𝗴𝗲𝘀 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 @ https://www.polarismarketresearch.com/industry-analysis/global-frozen-food-market/request-for-sample

Major Companies

Ajinomoto
Cargill
Conagra Brands, Inc.
Europastry S.A.
General Mills Inc.
Grupo Bimbo
JBS
Kellogg Company
Lantmannen Unibake
Nestle SA
The Kraft Heinz Company
Unilever
Vandemoortele NV
Key Stats and Highlights

The market for frozen food was valued at and is projected to reach USD 604.17 billion by 2032.
The frozen food market is projected to exhibit a CAGR of 4.4% during the forecast period.
Europe emerged as the largest market contributor owing to the rising number of vegans in the region.
North America region is anticipated to witness the fastest growth owing to increased awareness with respect to frozen food products.
Industry Participants

Regional Overview

North America holds a dominant market share and revenue share. Due to consumers' increasing reliance on low-calorie and high-nutrient products, the industry is anticipated to expand gradually over the projection period.
Asia Pacific is anticipated to develop at the quickest rate throughout the projection period because of factors like rising per capita income, rising health-related spending, and increased awareness in nations like South Korea, China, and India.

𝗕𝘂𝘆 𝗡𝗼𝘄 𝗧𝗵𝗶𝘀 𝗣𝗿𝗲𝗺𝗶𝘂𝗺 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 @ https://www.polarismarketresearch.com/buy/1247/2

Polaris Market Research has segmented the Frozen Food market report based on product, distribution channel, and region:

Frozen Food, Product Outlook (Revenue - USD Billion, 2019 - 2032)

Potatoes
Meat
Ready Meals
Fruits & Vegetables
Fish/Seafood
Frozen Food, Distribution channel Outlook (Revenue - USD Billion, 2019 - 2032)

Online
Offline
Growth Drivers

Convenience: Busy lifestyles and the need for quick meal solutions have led consumers to turn to frozen foods as a convenient option. Frozen meals require minimal preparation and cooking time, making them attractive to consumers looking for hassle-free options.

Longer Shelf Life: Frozen foods have a longer shelf life compared to fresh produce, allowing consumers to stock up on their favorite items without worrying about spoilage. This aspect is particularly appealing to households with irregular shopping patterns or limited access to fresh foods.

Innovation in Product Offerings: Manufacturers have been introducing a wide range of innovative frozen food products to meet changing consumer preferences and dietary requirements. This includes options catering to specific dietary needs such as gluten-free, organic, and vegan options, as well as ethnic and gourmet cuisines.

Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

Polaris Market Research is a worldwide market research and consulting organization.
We give unmatched nature of offering to our customers present all around the globe across industry verticals.
Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.
We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation,
next-gen technologies, semiconductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.

This release was published on openPR.