Asia Pacific Frozen Food Market: Industry Analysis and Forecast (2023-2029)

The Asia Pacific Frozen Food Market size was valued at USD 54.74 Billion in 2022 and the total Frozen Food Market revenue is expected to grow at a CAGR of 3.69 % from 2023 to 2029, reaching nearly USD 73.14 Billion. Asia Pacific’s Frozen food market is being driven by processed frozen food and the largest consumer base. The consumers are familiar with purchasing meat, fish and vegetables in organic frozen forms. The trend towards value growth in the frozen food market is offset by various factors, including consumer preferences for easily accessible and affordable fresh food, the unique characteristics of urban and rural areas, inadequate distribution and transportation networks, and a lack of refrigeration facilities. Frozen food market demand is high in China, India, South Korea, Japan and Australia. The Asia Pacific frozen food market offers a wide range of products including frozen vegetables, fruits, frozen ready-to-meal, frozen desserts, seafood and frozen meals. Quick meal alternatives and longer shelf life are driving the market. The expansion of modern sales channels such as hypermarkets and supermarkets has provided accessibility to frozen food products. Market players in Asia Pacific are focusing on the advancement in freezing technologies, development in cold chain infrastructure, and innovation in packaging to develop and increase the quality as well as safety of frozen food products in the region. The report covered a detailed analysis of the market forecast, growth opportunities, infrastructure development, price sensitivity among customers and the impact of cultural preferences for fresh and local food on the market.Asia Pacific Frozen Food MarketTo know about the Research Methodology :- Request Free Sample Report

Asia Pacific Frozen Food Market Dynamics:

Food alternative and product innovation driving the market demand Asia Pacific Frozen Food market players are strategies to increase product innovation by introducing new frozen food products to meet consumer needs and preferences. This advancement is driven by a focus on consumer diverse preferences and changing dietary and lifestyles. The Asia Pacific consumers are health conscious wellness, and due to this, the manufacturers are focused on the introduction of healthier frozen food alternatives. This alternative includes natural products that are free from artificial additives and organic products. Low-fat froze and low calories food products are also gaining popularity among health-conscious customers in the frozen food market, which drives the market demand during the forecast period. Asia Pacific is a diverse cuisine landscape, which provides a major opportunity for frozen food manufacturers to maintain natural flavours and quality in their products, this includes frozen snacks and meals. Growing demand for frozen seafood The growing popularity of frozen seafood products with an increasing demand for shrimp, crabs, fish and other seafood varieties. Frozen seafood offers convenience to consumers. As frozen food can be stored for a longer time with maintaining its freshness and quality, which drives the market demand. Customers also have access to a wide range of seafood options with their freshness. Freezing seafood gives nutritional value with emerging modern techniques and technologies they offer proteins and vitamins. This variety gives consumers to experience different flavours, cooking methods and textures without compromising on quality.

Asia Pacific Frozen Food Market Country Wise Analysis:

China and India are expected to dominate the Asia Pacific Frozen Food Market during the forecast period. This growth can be attributed due to several like the growing demand for healthy and convenient food and increasing demand in online shopping for glossaries such as fruits and vegetables. China’s population are becoming more urban consumers, so they pay extreme attention while purchasing this trend is expected to drive the frozen food market growth. Chinese market players target the school, military camps, tourism and fast food industry customers the key market players are more focused on cold storage transport and high-quality ingredients to boost China’s frozen food industry growth. The frozen food market in China is rapidly growing due to changes in Chinese consumer eating habits that drive the market. Chilled and packaged frozen meals or ready-to-eat required additional food ingredients are the major driving factors of the Asia Pacific Frozen Food Market.

Asia Pacific Frozen Food Market Scope: Inquire before buying

Asia Pacific Frozen Food Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 54.74 Bn.
Forecast Period 2023 to 2029 CAGR: 3.69% Market Size in 2029: US $ 73.14 Bn.
Segments Covered: by Offering Fruits Vegetables Potato Products Frozen Potato Products Seafood
by End-User Food Service Industry Retail Customers
by Product Category Ready-to-eat Ready-to-cook Ready-to-drink Other Product Categories
by Freezing Technique Individual Quick Freezing (IQF) Blast Freezing Belt Freezing Other Freezing Techniques

Asia Pacific Frozen Food Market Key Players:

1. CJ CheilJedang Corporation - South Korea 2. Hanjin Group (CJ Logistics) - South Korea 3. Nissin Foods Holdings Co., Ltd. - Japan 4. Ajinomoto Co., Inc. - Japan 5. Charoen Pokphand Group - Thailand 6. Unilever - Netherlands (with significant operations in the Asia Pacific) 7. McCain Foods Limited - Canada (with significant operations in the Asia Pacific) 8. Thai Union Group PCL - Thailand 9. CP Group (Charoen Pokphand Group) - Thailand 10. Nestlé S.A. - Switzerland (with significant operations in the Asia Pacific) 11. COFCO Corporation - China 12. ITC Limited - India 13. Yili Group - China 14. Daesang Corporation - South Korea 15. Orion Corporation - South Korea

FAQs:

1. What are the growth drivers for the Asia Pacific Frozen Food Market? Ans. The increasing prevalence of cold chain infrastructure is expected to be the major driver for the Asia Pacific market. 2. What is the major restraint for the Asia Pacific Frozen Food Market growth? Ans. Growing demand for natural food products are expected to be the major restraining factor for the Asia Pacific market growth. 3. Which country is expected to lead the Asia Pacific Frozen Food Market during the forecast period? Ans. China is expected to lead the market during the forecast period. 4. What is the projected market size & growth rate of the Asia Pacific Frozen Food Market? Ans. The Asia Pacific market size was valued at USD 54.74 Billion in 2022 and the total Anime revenue is expected to grow at a CAGR of 3.69% from 2023 to 2029, reaching nearly USD 73.14 Billion. 5. What segments are covered in the Asia Pacific Market report? Ans. The segments covered in the market report are Offering, Product type, Application, and Region
1. Asia Pacific Frozen Food Market: Research Methodology 2. Asia Pacific Frozen Food Market: Executive Summary 3. Asia Pacific Frozen Food Market: Competitive Landscape 3.1. MMR Competition Matrix 3.2. Competitive Landscape 3.3. Key Players Benchmarking 3.4. Market Structure 3.4.1. Market Leaders 3.4.2. Market Followers 3.4.3. Emerging Players 3.5. Consolidation of the Market 4. Asia Pacific Frozen Food Market: Dynamics 4.1. Market Trends 4.2. Market Drivers by 4.3. Market Restraints 4.4. Market Opportunities 4.5. Market Challenges 4.6. PORTER’s Five Forces Analysis 4.7. PESTLE Analysis 4.8. Value Chain Analysis 4.9. Regulatory Landscape 5. Asia Pacific Asia Pacific Frozen Food Market (by Value USD and Volume Units) 5.1. Asia Pacific Asia Pacific Frozen Food Market, by Offering (2022-2029) 5.2. Asia Pacific Asia Pacific Frozen Food Market, by End User (2022-2029) 5.3. Asia Pacific Asia Pacific Frozen Food Market, by Product Category (2022-2029) 5.4. Asia Pacific Asia Pacific Frozen Food Market, by Freezing Technique (2022-2029) 5.5. Asia Pacific Asia Pacific Frozen Food Market, by Country (2022-2029) 5.5.1. China 5.5.2. S Korea 5.5.3. Japan 5.5.4. India 5.5.5. Australia 5.5.6. Indonesia 5.5.7. Malaysia 5.5.8. Vietnam 5.5.9. Taiwan 5.5.10. Bangladesh 5.5.11. Pakistan 5.5.12. Rest of Asia Pacific 6. Company Profile: Key players 6.1. CJ CheilJedang Corporation - South Korea 6.1.1. Company Overview 6.1.2. Financial Overview 6.1.3. Business Portfolio 6.1.4. SWOT Analysis 6.1.5. Business Strategy 6.1.6. Recent Developments 6.2. Hanjin Group (CJ Logistics) - South Korea 6.3. Nissin Foods Holdings Co., Ltd. - Japan 6.4. Ajinomoto Co., Inc. - Japan 6.5. Charoen Pokphand Group - Thailand 6.6. Unilever - Netherlands (with significant operations in the Asia Pacific) 6.7. McCain Foods Limited - Canada (with significant operations in the Asia Pacific) 6.8. Thai Union Group PCL - Thailand 6.9. CP Group (Charoen Pokphand Group) - Thailand 6.10. Nestlé S.A. - Switzerland (with significant operations in the Asia Pacific) 6.11. COFCO Corporation - China 6.12. ITC Limited - India 6.13. Yili Group - China 6.14. Daesang Corporation - South Korea 6.15. Orion Corporation - South Korea 7. Key Findings 8. Industry Recommendation

About This Report

Report ID 208039
Category Food & Beverages
Published Date July 2023
Updated Date
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