Frozen Food Market Research Report, Future Growth and Industry Insights 2023-2028
The latest report published by IMARC Group, titled “Frozen Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the global frozen food market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The market size reached US$ 242.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 312.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.
Frozen food is a category of consumable products that are preserved by being kept at freezing temperatures. The process involves lowering the temperature of the food item to a point where the growth of microorganisms is inhibited, thus preserving its freshness and nutritional value for a longer period than typical perishables. It includes a broad range of products, from meats, vegetables, and fruits to ready-to-eat meals, desserts, and more. The initial freezing process usually takes place immediately after the food is harvested or prepared, ensuring the maximum retention of nutrients and flavor. Advances in freezing technology, packaging, and distribution logistics over the years have significantly improved the quality and variety of frozen foods available in the global market. At present, they are seen as a convenient, time-saving solution for consumers seeking nutritious food options that offer both variety and shelf-life.
What Are the Growth Prospects and Trends in the Frozen Food Industry?
The escalating demand for convenience among the masses majorly drives the global market. With increasing urbanization and changing lifestyle patterns, consumers are adopting quick-to-prepare nutritious meal options, driving up the demand for frozen foods. Along with this, the increasing working populations and a shift towards nuclear families are propelling the market. Additionally, significant improvements in cold chain logistics to distribute and retail frozen foods in pristine condition, increasing their reach and acceptance is significantly supporting the market.
Apart from this, the growing trend towards the consumption of plant-based and vegan frozen foods as consumers become more health and environment conscious is also contributing to the market. In confluence with this, technological advancements to enhance freezing methods, contributing to better-quality products that retain more nutrients, are catalyzing demand for frozen food. Furthermore, the emergence of innovative, eco-friendly packaging solutions that reduce environmental impact is creating a positive market outlook.
Technological advancements have also led to enhanced freezing methods, contributing to better-quality products that retain more nutrients and have a more appetizing taste and texture. Furthermore, the market is also witnessing a growing trend towards the consumption of plant-based and vegan frozen foods. As consumers become more health and environment conscious, the demand for such products is on the rise. In parallel, the emergence of innovative, eco-friendly packaging solutions that reduce environmental impact is favoring market growth. These trends, combined with the continued innovation and expansion of product lines by major market players, are setting a positive outlook for the global frozen food market.
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Competitive Landscape With Key Players:
The competitive landscape of the frozen food market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Ajinomoto Co. Inc.
- Aryzta A.G.
- Associated British Foods plc
- Bellisio Foods Inc. (Charoen Pokphand Foods)
- Cargill Incorporated
- Conagra Brands Inc.
- General Mills Inc.
- The Kraft Heinz Company
- JBS S.A.
- Jeanie Marshal Foods Ltd
- Kellogg Company
- McCain Foods Limited
- Nestlé S.A.
- Wawona Frozen Foods
Key Market Segmentation:
The report has segmented the global frozen food market based on product type, frozen vegetable snacks, frozen meat products, frozen vegetables, frozen fruits and region.
Breakup by Product Type:
- Frozen Vegetable Snacks
- Frozen Meat Products
- Frozen Vegetables and Fruits
Frozen Vegetable Snacks Breakup by Type:
- French Fries
- Bites, Wedges and Smileys
- Aloo Tikki
- Nuggets
- Others
Frozen Meat Products Breakup by Type:
- Chicken
- Fish
- Pork
- Mutton
- Others
Frozen Vegetables Breakup by Type:
- Green Peas
- Corn
- Mixed Vegetables
- Carrot
- Cauliflower
- Others
Frozen Fruits Breakup by Type:
- Strawberries
- Berries (Raspberries, Blueberries and Blackberries)
- Cherries
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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