Resources
About Us
Meticulous Research®—a leading global market research company, published a research report titled, ‘Frozen Food Market Size, Share, Forecast, & Trends Analysis by Product (Meat & Poultry, Seafood, Dairy Products, Bakery Products), Type (Raw, Half-cooked), Distribution Channel (B2B {Food Services, Food Manufacturers}, B2C)—Global Forecast to 2031.’
The frozen food market is expected to reach $447.79 billion by 2031, growing at a 5.5% CAGR over the forecast period. Factors driving market expansion include rising demand for convenience meals, a developing global cold-chain sector, and changing customer tastes and preferences. However, the growing preference for fresh and natural food products, as well as the need for regular temperature control for frozen food products, limit the market's growth. Furthermore, rising E-commerce penetration and expanding economies in Asia-Pacific, Latin America, the Middle East, and Africa are likely to create considerable growth prospects for frozen food industry stakeholders. However, the need for cold-chain infrastructure in emerging nations offers a significant obstacle to market growth. The latest trends in the global frozen food market are plant-based frozen food products and gluten-free frozen food products.
Key Players
Some of the key players operating in the frozen food market are General Mills, Inc. (U.S.), Conagra Brands, Inc. (U.S.), Nestlé S.A. (Switzerland), Unilever PLC (U.K.), McCain Foods Limited (Canada), The Kraft Heinz Company (U.S.), Tyson Foods, Inc. (U.S.), Associated British Foods plc (U.K.), Ajinomoto Co., Inc. (Japan), Vandemoortele NV (Belgium), Lantmännen Unibake International (A Part of Lantmännen Group) (Denmark), Cargill, Incorporated (U.S.), Europastry, S.A. (Spain), JBS S.A. (Brazil), ARYZTA AG (Switzerland), and Nomad Foods Limited (U.K.).
The frozen food market is categorized based on product (ready meals, meat & poultry, seafood, dairy products, bakery products {bread, pizza crusts, cakes & pastries, cookies & biscuits, doughnuts, waffles, and other frozen bakery products}, vegetables, fruits, and other frozen food products), type (raw, half-cooked, and ready-to-eat), distribution channel (business-to-business {food services, food manufacturers, and quick service restaurants} and business-to-consumer {offline [supermarkets & hypermarkets, convenience stores, and other offline stores] and online}), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the regional and country levels.
On the basis of product, the ready meals category is expected to account for the largest share of 32.1% of the frozen food market in 2024. This category's substantial market share is primarily due to changes in consumers' habits as a result of the fast-paced work environment, notably among the working-class population, as well as the growing demand for ready-frozen meals owing to their convenience. Furthermore, the growing popularity of ready meals among the younger age and teen population, along with the extensive selection of frozen food in convenience stores and supermarkets, contribute to this segment's major market share.
However, the seafood category is expected to register the highest CAGR during the forecast period. Due to fish's high protein content, people are consuming larger quantities of them, which is boosting worldwide aquaculture output development and the expansion of supermarkets and hypermarkets. The market for frozen seafood is expected to grow due to the increasing demand for frozen seafood as a thickening agent and the growing popularity of quick-freezing technologies.
On the basis of type, the raw category is expected to account for the largest share of 46.3% of the frozen food market in 2024. The primary reasons for this category's high market share include growing consumer knowledge of the nutritional benefits of raw frozen food, the industry's expanding use of frozen technologies in the fresh fruit and vegetable market, and the volume of new raw frozen food product introductions. However, the ready-to-eat segment is estimated to record the highest CAGR during the forecast period.
On the basis of distribution channels, the business-to-business segment is expected to account for a larger share of 52.7% of the frozen food market in 2024. The category’s large market share is mainly attributed to the growing B2B frozen food trading, the growing number of quick service restaurants (QSRs), and rising demand from hotels, restaurants, food chains, cafes, and the food service sector.
However, the business-to-consumer segment is expected to record the highest CAGR during the forecast period. Urban population density increases, the popularity of online shopping, the expansion of supermarkets and hypermarkets, the popularity of franchising, and consumer preferences for more personalized, convenient, and wide-ranging products are all contributing factors to this growth.
On the basis of geography, in 2024, Europe is expected to account for the largest share of 36.9% of the frozen food market. The frozen food market in Europe is estimated to reach $113,781.4 million in 2024. This region’s large market share is attributed to several key factors, including the rising preference for ready-to-eat food, favorable regulations, a well-established cold chain in the region, innovative practices by key players in the industry, technological innovation in the frozen food sector, the introduction of various healthy and diet-related frozen meals, and the growing import of frozen food.
However, the market in Asia-Pacific is poised to register the highest CAGR during the forecast period. The growing number of foreign direct investments (FDI) in the retail sector, the expansion of cold-chain facilities, the changing lifestyles of consumers, and the rising demand for processed food products in emerging nations like India, Indonesia, and Thailand are the main factors driving the growth of this regional market. Furthermore, the region's frozen food market is expanding due to the growing demand for dairy products like yogurt and sour milk.
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5313
Key Questions Answered in the Report:
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Food Preservatives Market to Reach $4.19 Billion by 2031
Read MoreFood Emulsifiers Market to Reach $5.87 Billion by 2031
Read MoreVegan Yogurt Market to Reach $8.85 Billion by 2031
Read MoreMeal Replacement Products Market to Reach $32.2 Billion by 2031
Read MoreFood Antioxidants Market to Reach $3.08 Billion by 2031
Read MoreSpecialty Enzymes Market to Reach $6.47 Billion by 2031
Read MoreFish Oil Market to Reach $4.51 Billion by 2031
Read MoreAlmond Milk Market to Reach $33.08 Billion by 2031
Read MoreBreakfast Cereals Market to Reach $54.24 Billion by 2031
Read MoreProtein Hydrolysates Market to Reach $1.07 Billion by 2031
Read MoreBotanical Supplements Market to Reach $81.6 Billion by 2031
Read MoreDextrin Market to Reach $4 Billion by 2031
Read MoreVitamins Market to Reach $26.03 Billion by 2031
Read MoreDietary Supplements Market to Reach $166.58 Billion by 2031
Read MoreMonk Fruit Sweeteners Market to Reach $147.2 Million by 2031
Read MoreFood Coating Market to Reach $5.92 Billion by 2031
Read MoreSavory Ingredients Market to Reach $13.38 Billion by 2031
Read MoreNatural Flavors Market to Reach $12.05 Billion by 2031
Read MoreKombucha Market to Reach $12.36 Billion by 2031
Read MoreEnergy Drinks Market to Reach $122.54 Billion by 2031
Read MoreSports Nutrition Market to Reach $82.35 Billion by 2031
Read MoreBotanicals Market to Reach $24.97 Billion by 2031
Read MorePlant-based Cheese Market to Reach $8.62 Billion by 2031
Read MoreNon-alcoholic Wine Market to Reach $2.61 Billion by 2031
Read MoreFrozen Dough Market to be Worth $37.8 Billion by 2031
Read MoreMarine Collagen Market to be Worth $2.32 Billion by 2031
Read MorePlant Extracts Market to Reach $63.26 Billion by 2031
Read MoreYeast Extract Market to Reach $2.92 Billion by 2031
Read MoreLecithin Market to Reach $2.91 Billion by 2031
Read MoreGelatin Market to be Worth $7.46 Billion by 2031
Read MoreAquafeed Market to be Worth $122.54 Billion by 2031
Read MoreBaby Food Market to be Worth $120.1 Billion by 2031
Read MoreOleoresins Market to Reach $2.49 Billion by 2031
Read MoreVegan Food Market to be Worth $109.4 Billion by 2031
Read MoreFruit Extracts Market to be Worth $31.11 Billion by 2031
Read MoreMoringa Extract Market to be Worth $10.65 Billion by 2031
Read MoreDTC Food Market to be Worth $195.39 Billion by 2031
Read MoreSuperfoods Market to Reach $281.9 Billion by 2030
Read MorePlant-based Meat Market to Reach $27.14 Billion by 2031
Read MoreEurope Seaweed Market to Reach $5.65 Billion by 2030
Read MoreAstaxanthin Market Worth $1.34 Billion by 2030
Read MoreVitamin D Market Worth $2.43 billion by 2030
Read MoreCarotenoids Market Worth $2.26 Billion by 2030
Read MoreAlgae Market Worth $29.8 billion by 2030
Read MoreFunctional Beverages Market Worth $179.8 Billion by 2029
Read MoreSavory Snacks Market Worth $347.2 Billion by 2029
Read MoreAnimal Feed Market to be Worth $1,008.8 Billion by 2031
Read MoreHealthy Snacks Market Worth $152.08 Billion by 2029
Read MoreEnzymes Market Worth $18.38 billion by 2029
Read MorePea Starch Market Worth $307.4 Million by 2029
Read MoreBakery Premixes Market Worth $547.8 Million by 2029
Read MorePotato Starch Market Worth $5.6 Billion by 2029
Read MorePostbiotics Market to be Worth $24 Million by 2029
Read MoreSugar-free Products Market Worth $65.31 Billion by 2029
Read MoreFrozen Seafood Market to Reach $74.34 Billion by 2029
Read MoreFrozen Ready Meals Market Worth $130.67 Billion by 2029
Read MoreFrozen Food Market to be Worth $447.79 Billion by 2031
Read MorePlant-based Milk Market to Reach $52.54 Billion by 2031
Read MoreLab-grown Meat Market Worth $1.99 Billion by 2035
Read MoreWheat Protein Market Worth $9.5 Billion by 2029
Read MoreBlack Soldier Fly Oil Market Worth $72 Million by 2029
Read MoreInsect Protein Market Worth $9.46 billion by 2030
Read MoreGluten-Free Products Market Worth $10.96 Billion by 2029
Read MoreMeat Market to Reach $1.52 Trillion by 2031
Read MoreEurope Plant-based Foods Market to Reach $21.62 Billion by 2031
Read MoreD-psicose Market Worth $438.1 Million by 2029
Read MoreCrickets Market to Reach $5,923.4 million by 2031
Read MoreNannochloropsis Market to Reach $14 Million by 2031
Read MoreNatural Carotenoids Market Worth $1.9 Billion by 2028
Read MoreStevia Market Worth $1.11 billion by 2028
Read MoreMicroalgae Market to Reach $2.26 Billion by 2031
Read MoreBotanical Extracts Market Worth $10.1 Billion by 2028
Read MoreCBD-infused Products Market to Reach $291.39 Billion by 2031
Read MoreColeus and Turmeric Market Worth $6.9 billion by 2027
Read MoreProtein Ingredients Market Worth $79.7 billion by 2028
Read MoreSugar Substitutes Market Worth $24.1 Billion by 2028
Read MoreChlorella Market Worth $412.3 million by 2028
Read MoreButterfly Pea Flowers Market Worth USD 102.4 Million by 2027
Read MoreSorbitol Market Worth $2.39 billion by 2030
Read MoreTaste Modulators Market to Reach $2.50 Billion by 2031
Read MoreFood Premix Market to be Worth $2.93 billion by 2030
Read MoreDairy Ingredients Market to Reach $93.22 Billion by 2031
Read MoreSpecialty Yeast Market Worth $4.8 billion by 2025
Read MorePea Protein Market to Reach $1.31 Billion by 2031
Read MoreSpirulina Market to Reach $1.20 Billion by 2031
Read MoreFood Flavors Market Worth $20.39 Billion by 2028
Read MoreNatural Sausage Casings Market Worth $2.79 Billion by 2028
Read MoreLegal Marijuana Market Worth $75.6 Billion By 2025
Read MoreFood Colors Market to Reach $5.42 Billion by 2031
Read MoreArtificial Casings Market to Reach $5.87 Billion by 2031
Read MoreEurope Artificial Casings Market to be Worth $1.65 Billion by 2030
Read MoreSoy Protein Market Worth $14.1 Billion by 2029
Read MoreEdible Insects Market to be Worth $17.9 Billion by 2033
Read MoreAmerican Whiskey Market to Reach $29.38 Billion by 2031
Read MoreAlgae Products Market to Reach $6.01 Billion by 2031
Read MoreDairy Products Market to Reach $1,167.93 Billion by 2031
Read MorePlant-based Protein Market to be Worth $26.45 Billion by 2031
Read MoreAlgal Pigments Market to Reach $718.0 Million by 2031
Read MoreMeat Substitute Market Worth $17.5 billion by 2027
Read MoreSmart Packaging Market Worth $43.6 billion by 2027
Read MoreFrozen Bakery Products Market worth $59.9 billion by 2027
Read MoreHydrocolloids Market to be Worth $18.34 Billion by 2031
Read MoreFood Safety Testing Market Worth $29.6 Billion by 2027
Read MorePhycocyanin Market to Reach $350.5 Million by 2031
Read MoreCollagen Market Worth $8.64 Billion by 2029
Read More