Frozen Food Market is Expected to Reach $46.8 by 2031 - Nestle, Tyson Foods, ConAgra Foods, Unilever, Pinnacle

The global Frozen Food Market was valued at US$30.1 billion in 2024 and is projected to grow to US$46.8 billion by 2031, expanding at a CAGR of 5.7% during the forecast period from 2024 to 2031. The growth is driven by a rising employed population and increasing demand for convenient frozen foods.

The rise in new product launches, including frozen pizza and seafood, along with strategic collaborations, is expanding market opportunities globally. For example, in March 2022, Ajinomoto Co. Inc., a leading Japanese food and biotechnology company, partnered with SuperMeat, an Israeli biotech and food-tech firm. This collaboration involves investing in SuperMeat as part of Ajinomoto's corporate venture capital initiative.

Get a Free Sample Research PDF - https://www.datamintelligence.com/download-sample/frozen-food-market

Market Dynamics:

Increasing Demand for Convenience Foods is Driving the Frozen Food Market Growth.

The growing preference for convenient and easy-to-prepare meals is driving the expansion of the frozen food market. Urbanization, shifting lifestyles, and rising female employment are increasing the demand for convenience foods as busy schedules leave little time for meal preparation. Frozen meals, including snacks and meats, offer a quicker and less labor-intensive alternative to cooking from scratch.

Additionally, higher disposable incomes and increased purchasing power are significantly impacting market growth. The desire for a luxurious and comfortable lifestyle has heightened demand for frozen foods. The surge in online grocery shopping and the widespread availability of frozen products, such as fruits and vegetables, in various retail outlets further supports market expansion.

Segment Covered in the Frozen Food Market:

By Product Type: Meat & Poultry, Fish / Seafood, Fruits and Vegetables, Desserts, Others

Get Customization in the report - https://www.datamintelligence.com/customize/frozen-food-market

Major Key players involved in Frozen Food Market:

• Nestle
• Tyson Foods
• ConAgra Foods
• Unilever
• Pinnacle
• Kraft Heinz
• General Mills
• Schwan's
• Kellogg's
• Grupo Bimbo S.A.B. de C.V.

Regional Analysis:

The global Frozen Food Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

The Frozen Food Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Transradial Access Devices Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

Key Developments:

In May 2023, Bikano, a prominent snack and packaged food manufacturer, expanded its international presence by launching a diverse range of frozen products, including savory snacks, sweets, and other frozen items.

In April 2022, Prasuma, a leading Indian brand in chilled meat and frozen foods, enhanced its portfolio by introducing new frozen snacks.

In June 2022, Conagra Brands Inc., a major American consumer packaged goods company, debuted over 50 new products, including multi-serve frozen meals, under its brands such as Healthy Choice, Marie Callender's, Banquet, and Frontera, to meet consumer demands.

Related Reports:

Frozen Meat Market: https://www.datamintelligence.com/research-report/frozen-meat-market

Frozen Vegetables Market: https://www.datamintelligence.com/research-report/frozen-vegetables-market

Affiliate Marketing Request here: https://www.datamintelligence.com/affiliate-marketing

Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.