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Global Frozen and Convenience Food Market Size, Growth, Industry Trends | Emergen Research
Market Overview
In 2024, the global frozen food market was valued at approximately USD 310.77 billion and is projected to reach USD 457.34 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.00% during the forecast period.
In the United States, the frozen food market size was estimated at USD 83.50 billion in 2024 and is expected to grow at a CAGR of 8.1% from 2025 to 2030.
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Market Drivers
Busy Lifestyles: The rise in dual-income households and hectic schedules have led consumers to seek convenient meal solutions, increasing the demand for frozen and ready-to-eat foods.
Technological Advancements: Innovations in freezing technologies and packaging have improved the quality and shelf life of frozen foods, making them more appealing to consumers.
Online Retail Growth: The expansion of e-commerce platforms has made it easier for consumers to access a wide range of frozen and convenience food products, contributing to market growth.
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Market Challenges
Health Perceptions: Some consumers perceive frozen and convenience foods as less healthy compared to fresh options, which can hinder market growth.
Supply Chain Issues: Maintaining the cold chain during transportation and storage is crucial for frozen foods. Any disruption can lead to product spoilage and increased costs.
Segment Insights
Product Types: The market includes various products such as frozen ready meals, meat and poultry, seafood, vegetables and fruits, and snacks. Among these, frozen ready meals hold a significant share due to their convenience.
Distribution Channels: Supermarkets and hypermarkets dominate the distribution channel segment, but online retail is rapidly gaining traction due to the convenience of home delivery services.
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Regional Outlook
Europe: Europe dominated the frozen food market with a market share of 39% in 2024.
North America: The U.S. frozen food market is projected to reach USD 132.67 billion by 2030, driven by the growing importance of higher-shelf life products.
Asia-Pacific: Rapid urbanization, increasing disposable incomes, and changing dietary habits are contributing to the growth of the frozen and convenience food market in this region.
Key Companies in the Global Frozen and Convenience Food Market
Nestlé S.A.
Conagra Brands, Inc.
General Mills, Inc.
Kellogg Company
McCain Foods Limited
Latest Industry Updates
Product Innovations: Companies are introducing new variations of familiar products, ramping up marketing efforts, and creating limited-run products to attract attention and drive sales.
Market Expansion: Retailers are expanding their frozen food offerings, including organic and culturally inspired products, to meet evolving consumer preferences.
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Market Segmentation Analysis
By Product Type:
Frozen Ready Meals
Frozen Meat and Poultry
Frozen Seafood
Frozen Vegetables and Fruits
Frozen Snacks
By Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Online Retailers
Others
By Regional Outlook:
North America:
United States
Canada
Europe:
Germany
France
United Kingdom
Italy
Spain
Asia-Pacific:
China
India
Japan
South Korea
Latin America:
Brazil
Mexico
Middle East and Africa:
Saudi Arabia
UAE
South Africa
About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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