Frozen Food Market Forecasts to 2028 – Global Analysis By Product (Frozen, Frozen Processed) Application (Commercial, Household, Agricultural), End User (Enterprise Sale (B2B), Exporters, Retail Users) and By Geography
According to Stratistics MRC, the Global Frozen Food Market is accounted for $304.06 billion in 2020 and is expected to reach $491.98 billion by 2028 growing at a CAGR of 6.2% during the forecast period. Increase in use of frozen food products and the utilization of these products by numerous end users are the factors driving the market growth. However, the lack of a proper supply chain system is hampering the growth of the market.
Frozen food is defined as food products that are preserved under low temperature and used over a long period. Frozen foods are those which is preserved by a freezing process and stored in the freezer before cooking. The product market comprises various food products, including ready meals, vegetables & fruits, potatoes, meat & poultry, seafood, and soup.
Based on the product, the frozen segment is going to have lucrative growth during the forecast period. Almost all the countries in the world have proposed a country level lockdown in which people are restricted to go outside their houses. This panic situation around the globe has propelled the demand for frozen food products owing to their higher shelf life. In addition, it helps the customers to reduce their number of visits to the market places for shopping for frozen food products.
By geography, Europe is going to have high growth during the forecast period due to the large spending capabilities of consumers and economic stability, busy lifestyle of consumers, and rise in health-conscious consumers in the region.
Some of the key players profiled in the Frozen Food Market include Ajinomoto Co. Inc., Aryzta A.G., Associated British Foods Plc., Cargill Incorporated, ConAgra Brands, Inc., Dr. Oetker, General Mills Inc., JBS S.A., Kellogg Company, McCain Foods Limited, Nestle S.A., Nomad Foods Ltd, the Kraft Heinz Company, Tyson Foods Inc., and Unilever.
Estimated Market Size in 2020:
USD 304.06 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 491.98 billion
Tables, Graphs & Figures
Food Form, Packaging Technique, Packaging Type, Product, Freezing Technique, Application, End User, Distribution Channel, and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Food Forms Covered:
• Half Cooked
• Raw Material
Packaging Techniques Covered:
• Edible Films
• Moisture Control
• Oxygen Scavengers
• Time Temperature Indicators
Packaging Types Covered:
• Flexible Packaging
• Rigid Packaging
• Frozen Processed
Freezing Techniques Covered:
• Air Blast Freezing
• Belt Freezing
• Contact Freezers
• Individual Quick Freezing (IQF)
• Tunnel Freezers
End Users Covered:
• Enterprise Sale (B2B)
• Retail Users
Distribution Channels Covered:
• Online Channels/Non Store-Based
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2054 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Frozen Food Market is majorly driven by the increase in use of frozen food products and the utilization of these products by numerous end users.
The ready-to-cook segment is growing at a highest CAGR owing to the changing lifestyles of people and increasing urbanization around the world.
Europe dominated with a significant market share due to the factors such as increasing per capita income and improving living standards of the people in the region.
North America market is growing at a highest CAGR owing to the availability of advanced processing and packaging technologies.
Key players in Frozen Food Market include Ajinomoto Co. Inc., Aryzta A.G., Associated British Foods Plc., Cargill Incorporated, ConAgra Brands, Inc., Dr. Oetker, General Mills Inc., JBS S.A., Kellogg Company, McCain Foods Limited, Nestle S.A., Nomad Foods Ltd, the Kraft Heinz Company, Tyson Foods Inc., and Unilever.
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