The Global Frozen Food Market Size is assessed at USD 219.9 billion in 2021 and is anticipated to develop at a CAGR of 5.1%, to reach USD 282.5 billion by 2026.
Universally, the retail food industry has seen critical development in the course of recent years. Advancement of retail channels as general stores, hypermarkets, and convenience stores have driven and added to the growth of this market all around. These enormous evolved ways of life structure a significant distribution channel for frozen food items, inferable from the most recent pattern of in a hurry utilization by the general populace. Rising per capita salary and the expanding number of working ladies internationally have additionally quickened the market development for frozen food that acquires accommodation as well as utilization.
A rising inclination for crisp and healthy food items is a significant limitation for the frozen food market.
To specific shoppers, frozen food is thought of as an item that is a poor substitute for a new diet, which is one of the significant restrictions for this market. There is an idea that food processed a year or more before it is devoured couldn't be nutritious. In any case, explanations, for example, "frozen produce can be similarly on a par with the crisp stuff as well as sustenance" from the US Food and Drug Administration (FDA) and the International Food Information Council (IFIC) about the supplement substance of frozen food are changing the purchaser observation.
Expanding the exchange of processed food gives a chance to develop.
Globalization and expanding universal exchange are the principle factors for the improvement of the food business, all around. With financial advancement and extending PPP, shoppers can manage the cost of premium items with improved dietary benefits and time of usability. Customers currently incline toward an assortment of food items, for example, premium and excellent natural products and vegetables. This drives the exchange of different food items between areas.
Market Size Available
2020 – 2026
2021 - 2026
By Product, User and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Aryzta AG, General Mills Inc, Kraft Foods Group Inc, Ajinomoto Co. Inc, Cargill Incorporated, Europastry S.A, JBS S.A, Kellogg’s Company, Nestle S.A, Flower Foods and others.
Improving expectations for everyday comforts in conversion with rising dispensable wages have driven the development of the global frozen foods market. In addition, the rise in the working populace is favoring advantageous food items that offer less feast planning time and simplicity of utilization.
Rising urbanization has brought about the development of the sorted out the retail segment in the world. These cutting edge staple and nourishment stores are outfitted with cold chain offices which have prompted the accessibility of an assortment of frozen food items in the market.
The vast youthful populace and impact of western food culture have changed their nourishment propensities and ways of life, thus, enlarging the interest for frozen food items in the developing areas like the APAC.
So as to extend their shopper base, makers are continually thinking of new item variations, for example, frozen leafy foods, frozen tidbits, frozen poultry, meat and fish items, frozen prepared to-eat suppers, and so forth.
The blasting internet business segment has additionally supported the development of the market. Online stages offer high item permeability and item posting at ostensible expenses in contrast with customary retail stages, along these lines encouraging the more noteworthy market entrance of frozen food items across the globe.
Frozen Food Market Segmentation Analysis:
Based on the product, the frozen ready meals segment is expanding with a considerable share in the global frozen food market. Based on the user type, the foodservice industry is the major contributor to the worldwide business, whereas, the retail sector is also expanding steadily around the world.
Frozen Food Market is geographically classified into, Latin America Frozen Food Industry (Brazil, Argentina, Mexico), North America Frozen Food Market (United States, Canada), Europe Frozen Food Industry (United Kingdom, France, Germany, Spain, Italy), Middle East and Africa Frozen Food Industry (Saudi Arabia, United Arab Emirates, Lebanon, Jordan, Cyprus), Asia Pacific Frozen Food Industry (China, India, Japan, South America, Australia, New Zealand, and Southeast Asia).
To gain a comprehensive understanding, the global frozen food market is analyzed in a few critical geographical regions, namely, North America, Europe, Asia-Pacific, and LAMEA. North America and Europe are the large developed markets of frozen food, whereas developing markets, including Asia-Pacific and LAMEA, are catching up fast.
Europe represented the most significant offer in 2018:
Europe accounted for the highest part in the global frozen food market in 2018, because of the rising extra cash, change in the occupied way of life of buyers, and rising wellbeing mindfulness. The worldwide market is profoundly predominant in Europe because of the interest for an expanded, sheltered, refrigerated period of usability of food; just as great nourishment safeguarding enactment. The exacting government guidelines for keeping up the quality and confirmations/labels with the item have made it additionally engaging for the buyers to take in frozen food. Other than this, it is the expanding web entrance, particularly among the youthful populace that has moved the market development for frozen food.
Youthful customers are progressively mindful about the wholesome advantages of the item they are expending and hence are probably going to enjoy more the frozen food items, particularly over the portion of the organic product. In addition, the market for frozen organic products in Europe is additionally determined by the interest for wellbeing and health mindfulness among the populace who are changing to the frozen natural products dependent on its nourishing advantages.
MEA (the Middle East and Africa) is the quickest developing business sector for frozen food. The locale is encountering high development because of expanding discretionary cash flow and a stable conveyance channel for accessibility of the frozen food items that have additionally supported the interest for the target market.
Key Players in the Market:
Major Key Players in the Global Frozen Food Market are
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferences
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Frozen Food Market, By Product
6.1.1 Frozen Ready Meals
6.1.2 Meat & Poultry
6.1.4 Vegetables & Fruits
6.1.7 Market Size Estimations & Forecasts (2021-2026)
6.1.8 Y-o-Y Growth Rate Analysis
6.1.9 Market Attractiveness Index
6.2 Frozen Food Market, By User
6.2.2 Foodservice Industry
6.2.3 Market Size Estimations & Forecasts (2021-2026)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2020 - 2025)
7.2.1 By Country
7.2.2 By Product
7.2.3 By User
7.3.1 By Country
22.214.171.124 Rest of Europe
7.3.2 By Product
7.3.3 By User
7.4 Asia Pacific
7.4.1 By Country
126.96.36.199 South Korea
188.8.131.52 South East Asia
184.108.40.206 Australia & NZ
220.127.116.11 Rest of Asia-Pacific
7.4.2 By Product
7.4.3 By User
7.5 Latin America
7.5.1 By Country
18.104.22.168 Rest of Latin America
7.5.2 By Product
7.5.3 By User
7.6 Middle East and Africa
7.6.1 By Country
22.214.171.124 Middle East
7.6.2 By Product
7.6.3 By User
8. Key Player Analysis
8.1 Aryzta AG
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 General Mills Inc.
8.3 Kraft Foods Group Inc.
8.4 Ajinomoto Co. Inc
8.5 Cargill Incorporated
8.6 Europastry S.A
8.7 JBS S.A
8.8 Kellogg’s Company
8.9 Nestle S.A.
8.10 Flower Foods
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures