IMARC Group, a leading market research company, has recently releases report titled “Frozen Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global frozen food market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the frozen food market?
The global frozen food 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.
What is frozen food?
Frozen food refers to food that is subjected to rapid freezing and is kept frozen until used. This method of food preservation slows down the decomposition process, inhibiting the growth of bacteria and preserving the food's nutritional value, taste, and quality.
Frozen foods offer convenience as they can significantly reduce preparation, cooking, and cleanup time, thereby making them an appealing choice for busy lifestyles. They also offer a means of preserving seasonal fruits and vegetables, which allows for a diverse diet year-round. Innovations in freezing technology and packaging have improved the taste and texture of frozen foods, debunking the myth that frozen foods are inferior to fresh ones.
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What are the growth prospects and trends in the frozen food industry?
The convenience that frozen foods provide represents one of the key factors driving the growth of the market across the globe. In our fast-paced society, the ability to quickly prepare a meal is highly valued. Frozen foods require less time and effort, thus making them a preferred choice for busy individuals, working professionals, and families.
Frozen foods consist of a much longer shelf life as compared to fresh and chilled foods, which reduces the frequency of shopping and helps to decrease food waste, thereby influencing the growth of the market. The market is also driven by increasing urbanization and shifts in lifestyle patterns, especially in emerging economies, which are leading to increased demand for frozen foods. Freezing allows consumers to enjoy out-of-season fruits and vegetables throughout the year. It also ensures a steady supply of a wide range of food items, regardless of seasonality, which is contributing to the growth of the market across the globe.
Who are the key players operating in the industry?
The report covers the major market players including:
- 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
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Frozen Vegetable Snacks
- Frozen Meat Products
- Frozen Vegetables and Fruits
Breakup by Frozen Vegetable Snacks Type:
- French Fries
- Bites, Wedges and Smileys
- Aloo Tikki
- Nuggets
- Others
Breakup by Frozen Meat Products Type:
- Chicken
- Fish
- Pork
- Mutton
- Others
Breakup by Frozen Vegetables Type:
- Green Peas
- Corn
- Mixed Vegetables
- Carrot
- Cauliflower
- Others
Breakup by Frozen Fruits Type Insights:
- Strawberries
- Berries (Raspberries, Blueberries and Blackberries)
- Cherries
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- 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 require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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