Frozen Food Market to Reach US$ 722.5 Billion by 2033, Expanding at...

Frozen Food Market to Reach US$ 722.5 Billion by 2033, Expanding at 5.4% CAGR from 2024–2033

Posted 2025-08-28 09:44:32

A recent report published by Astute Analytica provides a comprehensive overview of the future of e-commerce within the Frozen Food market, extending its projections through 2033. The study utilizes data from recent years to forecast the evolution of online sales, consumer habits, and overall industry performance. As e-commerce continues to reshape the landscape of various industries, this report highlights the key trends and shifts that are expected to influence the food and beverage market in the coming years.

Frozen food market was valued at US$ 450.1 billion in 2024 and is expected to reach US$ 722.5 billion by 2033, growing at a CAGR of 5.4% during the forecast period.

Read the Market Summary Here:- https://www.astuteanalytica.com/request-sample/frozen-food-market

Growth and Innovation in the Industry

The Frozen Food industry has witnessed remarkable growth on a global scale over the past few years. This expansion can be largely attributed to significant developments and innovations within the industry that have enhanced consumption and increased spending. A notable shift in consumer preferences is also evident, marked by a strong trend towards premiumization and customization. Manufacturers are recognizing the importance of differentiating their products to align with these evolving consumer demands, leading to the creation of new market opportunities that cater to the specific tastes and preferences of consumers.

Convenience and Challenges in Market Dynamics

The Frozen Food market is inherently convenience-driven, characterized by frequent purchases. However, this convenience comes with its own set of challenges, particularly concerning logistics for perishable goods and the complexities of last-mile delivery. Despite these hurdles, beverages constitute a significant portion of online grocery revenue in Europe, accounting for 61% compared to 39% for food products. Nevertheless, it is essential to note that the majority of sales in this sector still occur offline; as of 2024, only 5.2% of global food and beverage revenue was attributed to online channels.

The report identifies two primary factors contributing to the gap between online and offline sales. First, as more consumers engage in full grocery shopping online, the larger share of food items in an average basket contributes to overall growth. Second, beverage purchases tend to be impulsive and are often made in-store rather than through pre-planned online orders. Online grocery shopping usually involves more deliberate planning, which reduces the likelihood of spontaneous purchases—an important driver for beverage sales in physical retail environments.

Consumer Preferences for Clean Label Products

Alongside convenience, various factors influence consumer choices regarding food and beverage products, with a notable emphasis on the preference for clean label items. Clean label products are those that are free from GMOs, synthetic ingredients, and allergens, focusing on natural and organic ingredients. This trend is gaining traction globally, especially in North America and Europe, while emerging markets in regions such as Asia Pacific, South America, and the Rest of the World are also experiencing a steady increase in demand. As consumers become increasingly aware of the negative effects associated with artificial ingredients, the rising demand for clean label products is evident, supported by numerous product launches across various food sub-categories since 2015.

Top Players in Frozen Food Market:

Ajinomoto Co., Inc.
Associated British Foods PLC
CJ Foods
ConAgra Brands, Inc.
General Mills Inc.
Grupo Bimbo S.A.B. De C.V
Grupo Bimbo
Kellogg Company
Lantmannen Unibake International
Maruha Nichiro Holding Inc.
Mccain Foods Limited
Nestle SA
NH Foods Ltd.
Nichirei Corporation
Nippon Suisan
The Kraft Heinz Company
Tyson Foods, Inc.
Unilever
Other Prominent Players

Get a Full PDF copy of the report @https://www.astuteanalytica.com/industry-report/frozen-food-market

Market Segmentation Overview:

By Product Type

Fruits
- Seasonal
- Regular
Vegetables
- Peas
- Corn
- Potatoes
- Others
Dairy Products
- Milk
- Butter
- Cheese
- Others
Meat & Poultry
- Red Meat
- Pork Meat
Poultry Meat
Seafood
Bakery Products
- Bread
- Pizza Crust
- Cakes & Pastries
- Others
Soups
Ready Meals
- Dumplings
- Rice-based
- Italian (Pastas)
- Indian
- Korean
- Chinese
- Others
Others

By Distribution Channel

Retail
- Online
- Supermarket/ Hypermarket
- Convenience Stores/ Standalone Stores
Enterprise Sale (B2B)
- HoReCa (Hotel, Restaurants, Café) – Food Service
- Travel (Railway/ Airline/ Others)
- Educational Institutes
- Food Processing Industry

By Region

North America
- The U.S.
- Canada
- Mexico
Europe
- The UK
- Germany
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- Korea
- ASEAN
- Rest of Asia Pacific
The Middle East and Africa
- UAE
- Saudi Arabia
- Egypt
- South Africa
- Rest of MEA
South America
- Argentina
- Brazil
- Rest of South America

The Role of Artificial Intelligence in Food and Beverage

Brands are increasingly beginning to harness the power of artificial intelligence (AI), moving beyond theoretical capabilities to practical applications that enhance consumer experiences. This trend presents a wealth of opportunities for companies operating within the food and beverage sector. Astute Analytica's research delves into consumer insights regarding AI and outlines future opportunities for food and beverage brands. It is imperative for brands to actively educate and engage consumers by being transparent about AI's role in the products they offer. By creating immersive experiences that spark curiosity and provide consumers with a voice, companies can build trust and foster loyalty.

Notably, 41% of consumers globally express confidence in the potential of AI to contribute to the development of food and beverage products. Additionally, there is a growing demand for plant-based snacks that deliver a more natural taste, an idea that resonates with consumers seeking healthier options and authentic flavors. Younger consumers, in particular, exhibit a keen interest in exploring innovative flavor profiles, striving to achieve the perfect balance of contrasting tastes. As these trends continue to unfold, the food and beverage industry is poised for significant transformation driven by consumer preferences and technological advancements.

Access Sample Report- https://www.astuteanalytica.com/request-sample/frozen-food-market

About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

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