According to IMARC Group’s latest report, titled “Frozen Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global frozen food market is expected to exhibit a growth rate (CAGR) of 4.2% during 2023-2028. Frozen food is a type of food that has been frozen to preserve its quality and freshness. The process of freezing food involves reducing its temperature below the freezing point, which inhibits the growth of microorganisms and slows down chemical reactions that can cause spoilage. Frozen foods are typically packaged in transparent packaging to both conceal and safeguard the food within. However, it often leads to the discoloration of many frozen foods when exposed to light. Stored at temperatures below -18°C to maintain its quality and safety, frozen foods are easily available at various distribution channels, including grocery stores, hypermarkets and supermarkets, and online retail channels, and can range from fruits and vegetables, meat and seafood, to pre-made meals and desserts. Frozen foods offer numerous benefits due to which they are widely preferred across the globe. For instance, since frozen foods can be stored for long periods, they serve as a great option for those who live in areas with limited access to fresh food. In addition to this, the freezing process locks in nutrients and flavors, thus making frozen fruits and vegetables a healthy and convenient alternative to fresh produce.
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Market Trends and Drivers:
The increasing demand for easy and quick meal solutions represents a significant factor driving the market growth across the globe. This, coupled with busy lifestyles and hectic schedules, especially that of the expanding population base, is acting as a major growth-inducing factor. In addition to this, the rising health consciousness among consumers, along with the introduction of healthier product variants that are lower in calories and fat by manufacturers are contributing to the growth of the market. The market is also driven by advancements in freezing technology, which is enhancing the quality of frozen food products. In line with this, the use of blast freezers and quick-freezing techniques is aiding in preserving the texture, flavor, and nutritional value of frozen food, which, in turn, is driving the growth of the market. Apart from this, the use of these frozen foods by various end users including hotels & resorts, full-service restaurants, and quick-service restaurants (QSRs) is facilitating the market growth. Other factors, such as the rising popularity of shelf-stable foods, increasing urbanization, the growing demand for natural and organic product variants, the easy product availability at proliferating retail channels at affordable price points, and increasing disposable income, are creating a positive outlook for the market across the globe.
Frozen Food Market 2023-2028 Competitive Analysis and Segmentation:
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.
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