Frozen Food Market Share, Size, Industry Drivers and Upcoming Trends 2024-2032
IMARC Group has recently released a new research study titled Frozen Food Market Report by Product Type, Frozen Vegetable Snacks Type, Frozen Meat Products Type, Frozen Vegetables Type, Frozen Fruits Type and Region 2024-2032, offers a detailed analysis of the global frozen food market demand, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The market size reached US$ 252.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 352.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.74% during 2024-2032.
Frozen food refers to food products that have been processed, preserved, and stored at sub-zero temperatures to maintain their freshness and extend their shelf life. This preservation method involves rapidly freezing the food to temperatures well below freezing (typically around -18C or 0F), which inhibits the growth of microorganisms, enzymes, and bacteria that can cause spoilage. Frozen foods can encompass a wide range of items, including fruits, vegetables, meats, seafood, ready-to-eat meals, and desserts. They offer convenience to consumers by allowing for longer storage without the need for added preservatives. Frozen food can be easily prepared and consumed after thawing and cooking, thus making it a popular choice for busy households and commercial food service establishments.
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What Are the Growth Prospects and Trends in the Frozen Food Industry?
The rising demand for quick and convenient meal options among consumers represents one of the key factors driving the growth of the market across the globe. This is further reducing preparation time and effort, which is particularly appealing to busy individuals and families, thus boosting the market growth. Freezing food extends its shelf life, reducing food waste and making it a cost-effective choice for both consumers and retailers. Frozen foods allow consumers to enjoy fruits, vegetables, and other perishable items regardless of the season, which is increasing year-round demand. Modern lifestyles often involve time constraints, thus making frozen meals and ingredients a practical choice for many households. The freezing process kills or slows down the growth of harmful microorganisms, which makes frozen food a safer choice in terms of foodborne illnesses. Ongoing innovation in packaging and product development results in improved quality, taste, and convenience, which is attracting more consumers. The rise of online grocery shopping platforms is making it easier for consumers to access a wider range of frozen food products, which is facilitating the growth of the market.
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:
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Ajinomoto Co. Inc.
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Aryzta A.G.
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Associated British Foods plc
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Bellisio Foods Inc. (Charoen Pokphand Foods)
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Cargill Incorporated
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Conagra Brands Inc.
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General Mills Inc.
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The Kraft Heinz Company
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JBS S.A.
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Jeanie Marshal Foods Ltd
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Kellogg Company
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McCain Foods Limited
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Nestl S.A.
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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:
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Frozen Vegetable Snacks
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Frozen Meat Products
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Frozen Vegetables and Fruits
Frozen Vegetable Snacks Breakup by Type:
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French Fries
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Bites, Wedges and Smileys
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Aloo Tikki
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Nuggets
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Others
Frozen Meat Products Breakup by Type:
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Chicken
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Fish
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Pork
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Mutton
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Others
Frozen Vegetables Breakup by Type:
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Green Peas
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Corn
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Mixed Vegetables
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Carrot
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Cauliflower
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Others
Frozen Fruits Breakup by Type:
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Strawberries
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Berries (Raspberries, Blueberries and Blackberries)
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Cherries
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Others
Breakup by Region:
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North America
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Asia-Pacific
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Europe
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Latin America
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Middle East and Africa
Ask Analyst for Customization and Explore Full Report With TOC List of Figures: https://www.imarcgroup.com/request?type=reportid=3501flag=C
Key Highlights of the Report:
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Market Performance (2018-2023)
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Market Outlook (2024-2032)
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Market Trends
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Market Drivers and Success Factors
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Impact of COVID-19
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Value Chain Analysis
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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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