Frozen Food Market: Industry Analysis and Forecast (2022-2029) by Product Type, End-User and Region


Frozen Food Market size was valued at US$ 257 Bn in 2021 and the total revenue is expected to grow at 5.2 % through 2022 to 2029, reaching nearly US$ 385.53 Bn.

Global Frozen Food Market Overview:

Frozen foods are ones that have been frozen and stored in refrigerator before being cooked. By turning remaining moisture into ice, thawing food slows decomposition and inhibits the growth of most microbial pathogens. Food goods that have been frozen can be preserved and used for a long time. Convenience foods, fruits and veggies, chicken and turkey, fish, soups, and a similar range of products are the most commonly utilised frozen food products. The frozen food market is estimated to develop in the next years due to rising frozen food consumption around the world.

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Global Frozen Food Market Dynamics:

The growth of the Frozen Food Market is driven by factors such as growing demand and consumption of frozen foods in the developing markets across the Asian countries predominantly India and China. The rise in disposable incomes together with the revolution in lifestyle and food habits is key factors which enhance the market growth in these regions. Also, a rapid surge in a number of big retail chains with hypermarkets and supermarkets has boosted the demand for frozen food in emerging Asian countries.

Consumers are willing to search for fresh fruits and vegetables, fish, and fruits that don't have a limited shelf life, thanks to a surge in demand for organic produce. Because most organic produce spoils quickly, supermarket chains turn to freezing frozen meals that customers want. Food items that have been cryogenically frozen have a longer shelf life and are free of contaminants. Buyers gravitate to these items, helping the frozen food sector flourish.

As per the International Labour Organization's "World Employment Social Outlook," unemployment rates in high-income nations including the United States, the United Kingdom, France, and Canada have dropped significantly in recent years. Also, the world's working population is estimated to be 3.3 billion people aged 15 and up. Because of the large number of people working, frozen food products are constantly becoming more popular as a convenient way to prepare meals.

Though, deficiency of proper refrigeration facility in retail stores and insufficient distribution facility in rural areas are the key restraints for the industry in emerging Frozen Food Market.

Global Frozen Food Market Segment Analysis:

The global Frozen Food Market is segmented by Product Type and End-User.

Based on End-User, the global Frozen Food market is segmented into Food Service Industry and Retail Customers. The Food Service Industry segment held the largest market share of 54.1% in 2021. This is due to the fact that frozen meals are consumed in large quantities by the food service industry. Hotel operators, fast food restaurants, reliance retail outlets, chefs, and other commercial entities are all part of the food service industry. Also, frozen food is becoming more popular in the food service industry since it can be preserved and used for an extended duration, lowering operational expenses.

Global Frozen Food Market Regional Insights:

Europe dominates the global Frozen Food market during the forecast period 2021-2029. Europe held the largest market share 35.2% with such a revenue value of US$ 56.17 billion in 2021. Population explosion, urbanization, and growing customer loyalty to the value of frozen food are all driving demand for frozen foods in the region. Due to the existence of numerous food and confectionary monoliths, Europe is undeniably one of the most tempting regions for frozen food.

North America held the second largest market share of xx% in 2021. Due to Customer preference towards cleanliness related frozen products. Asia Pacific is expected to grow at a higher CAGR of 3.9% in the global Frozen Food market during the forecast period. Because of the rising popularity of fully prepared food among the working class and college graduates in nations like China and India. In relation to consumer food expenses, China, India, and Japan are the largest markets. Also, due to the lack of time for processing and cooking, there is a considerable increase in demand for frozen food in the regional market.

The objective of the report is to present a comprehensive analysis of the global Frozen Food Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also helps in understanding the global Frozen Food Market dynamic, structure by analyzing the market segments and project the global Frozen Food Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Frozen Food Market make the report investor’s guide.

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Global Market




Report Coverage
Details




Base Year:
2021
Forecast Period:
2022-2029




Historical Data:
2017 to 2021
Market Size in 2021:
US $ 257 Bn.




Forecast Period 2022 to 2029 CAGR:
5.2%
Market Size in 2029:
US $ 385.53 Bn.




 Segments Covered:
by Product Type
• Fruits
• Vegetables
• Potato Products
• Frozen Potato Products
• Sea food




by End-User
• Food Service Industry
• Retail Customers






Global Frozen Food Market, by Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa

Global Frozen Food Market Key Players

• Nestle
• General Mills Inc.
• Ajinomoto Co., Inc.
• Iceland Foods Ltd.
• Mc Cain foods
• ConAgra Foods Inc.
• Maple Leaf Foods Inc.
• BRF SA
• Tyson Foods Inc.
• Mother Dairy Fruit & Vegetable Pvt. Ltd.
• Pinnacle Foods Inc.
• Kraft Foods Inc.
• Unilever PLC
• Amy's Kitchen, Inc.
• H. J. Heinz Company.
• The Schwan Food Company
• Quirch Foods Company
• Rich Products Corporation
• Kellogg Company
• Mccain Foods Limited
• Vandemoortele Nv
• Kuppies
• Bubba Foods
• Cargill
• Aryzta

Frequently Asked Questions:

1] What segments are covered in Frozen Food Market report?
Ans. The segments covered in Frozen Food Market report are based on Product Type and End-User.

2] Which region is expected to hold the highest share in the global Frozen Food Market?
Ans. Europe is expected to hold the highest share in the global Frozen Food Market.

3] What is the market size of global Frozen Food Market by 2029?
Ans. The market size of global Frozen Food Market by 2029 is US $ 385.53 Bn.

4] Who are the top five key players in the global Frozen Food Market?
Ans. Nestle, General Mills Inc., Ajinomoto Co., Inc., Iceland Foods Ltd. and Mc Cain foods are the top key players in the global Frozen Food Market.

5] What was the market size of global Frozen Food Market in 2021?
Ans. The market size of global Frozen Food Market in 2021 was US $ 257 Bn.

6] By End-User, What segments are covered in global Frozen Food Market report?
Ans. The segments covered in global Frozen Food Market report by End-User are Food Service Industry and Retail Customers




Frozen Food Market

1. Prefaces
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources

3. Executive Summary: Global Frozen Food Market Size, by Market Value (US$ Mn) and Market Volume (Units)

4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends  in Global Frozen Food Market

5. Supply Side and Demand Side Indicators

6. Global Frozen Food Market Analysis and Forecast
6.1. Global Frozen Food Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America

7. Global Frozen Food Market Analysis and Forecast, by Product Type
7.1. Introduction and Definition
7.2. Key Findings
7.3. Global Frozen Food Market Value Share Analysis, by Product Type
7.4. Global Frozen Food Market Size (US$ Mn) Forecast, by Product Type
7.5. Global Frozen Food Market Analysis, by Product Type
7.6. Global Frozen Food Market Attractiveness Analysis, by Product Type

8. Global Frozen Food Market Analysis and Forecast, by End User
8.1. Introduction and Definition
8.2. Key Findings
8.3. Global Frozen Food Market Value Share Analysis, by End User
8.4. Global Frozen Food Market Size (US$ Mn) Forecast, by End User
8.5. Global Frozen Food Market Analysis, by End User
8.6. Global Frozen Food Market Attractiveness Analysis, by End User

9. Global Frozen Food Market Analysis, by Region
9.1. Global Frozen Food Market Value Share Analysis, by Region
9.2. Global Frozen Food Market Size (US$ Mn) Forecast, by Region
9.3. Global Frozen Food Market Attractiveness Analysis, by Region

10. North America Frozen Food Market Analysis
10.1. Key Findings
10.2. North America Frozen Food Market Overview
10.3. North America Frozen Food Market Value Share Analysis, by Product Type
10.4. North America Frozen Food Market Forecast, by Product Type
10.4.1. Fruits
10.4.2. Vegetables
10.4.3. Potato Products
10.4.4. Frozen Potato Products
10.4.5. Sea food
10.4.6. Meat & Poultry
10.4.7. Others
10.5. North America Frozen Food Market Value Share Analysis, by End User
10.6. North America Frozen Food Market Forecast, by End User
10.6.1. Food Service Industry
10.6.2. Food Service Industry
10.7. North America Frozen Food Market Value Share Analysis, by Country
10.8. North America Frozen Food Market Forecast, by Country
10.8.1. U.S.
10.8.2. Canada
10.9. North America Frozen Food Market Analysis, by Country
10.10. U.S. Frozen Food Market Forecast, by Product Type
10.10.1. Fruits
10.10.2. Vegetables
10.10.3. Potato Products
10.10.4. Frozen Potato Products
10.10.5. Sea food
10.10.6. Meat & Poultry
10.10.7. Others
10.11. U.S. Frozen Food Market Forecast, by End User
10.11.1. Food Service Industry
10.11.2. Food Service Industry
10.12. Canada Frozen Food Market Forecast, by Product Type
10.12.1. Fruits
10.12.2. Vegetables
10.12.3. Potato Products
10.12.4. Frozen Potato Products
10.12.5. Sea food
10.12.6. Meat & Poultry
10.12.7. Others
10.13. Canada Frozen Food Market Forecast, by End User
10.13.1. Food Service Industry
10.13.2. Food SFoodervice Industry
10.14. North America Frozen Food Market Attractiveness Analysis
10.14.1. By Product Type
10.14.2. By End User
10.15. PEST Analysis
10.16. Key Trends
10.17. Key Developments

11. Europe Frozen Food Market Analysis
11.1. Key Findings
11.2. Europe Frozen Food Market Overview
11.3. Europe Frozen Food Market Value Share Analysis, by Product Type
11.4. Europe Frozen Food Market Forecast, by Product Type
11.4.1. Fruits
11.4.2. Vegetables
11.4.3. Potato Products
11.4.4. Frozen Potato Products
11.4.5. Sea food
11.4.6. Meat & Poultry
11.4.7. Others
11.5. Europe Frozen Food Market Value Share Analysis, by End User
11.6. Europe Frozen Food Market Forecast, by End User
11.6.1. Food Service Industry
11.6.2. Food Service Industry
11.7. Europe Frozen Food Market Value Share Analysis, by Country
11.8. Europe Frozen Food Market Forecast, by Country
11.8.1. Germany
11.8.2. U.K.
11.8.3. France
11.8.4. Italy
11.8.5. Spain
11.8.6. Rest of Europe
11.9. Europe Frozen Food Market Analysis, by Country
11.10. Germany Frozen Food Market Forecast, by Product Type
11.10.1. Fruits
11.10.2. Vegetables
11.10.3. Potato Products
11.10.4. Frozen Potato Products
11.10.5. Sea food
11.10.6. Meat & Poultry
11.10.7. Others
11.11. Germany Frozen Food Market Forecast, by End User
11.11.1. Food Service Industry
11.11.2. Food Service Industry
11.12. U.K. Frozen Food Market Forecast, by Product Type
11.12.1. Fruits
11.12.2. Vegetables
11.12.3. Potato Products
11.12.4. Frozen Potato Products
11.12.5. Sea food
11.12.6. Meat & Poultry
11.12.7. Others
11.13. U.K. Frozen Food Market Forecast, by End User
11.13.1. Food Service Industry
11.13.2. Food Service Industry
11.14. France Frozen Food Market Forecast, by Product Type
11.14.1. Fruits
11.14.2. Vegetables
11.14.3. Potato Products
11.14.4. Frozen Potato Products
11.14.5. Sea food
11.14.6. Meat & Poultry
11.14.7. Others
11.15. France Frozen Food Market Forecast, by End User
11.15.1. Food Service Industry
11.15.2. Food Service Industry
11.16. Italy Frozen Food Market Forecast, by Product Type
11.16.1. Fruits
11.16.2. Vegetables
11.16.3. Potato Products
11.16.4. Frozen Potato Products
11.16.5. Sea food
11.16.6. Meat & Poultry
11.16.7. Others
11.17. Italy Frozen Food Market Forecast, by End User
11.17.1. Food Service Industry
11.17.2. Food Service Industry
11.18. Spain Frozen Food Market Forecast, by Product Type
11.18.1. Fruits
11.18.2. Vegetables
11.18.3. Potato Products
11.18.4. Frozen Potato Products
11.18.5. Sea food
11.18.6. Meat & Poultry
11.18.7. Others
11.19. Spain Frozen Food Market Forecast, by End User
11.19.1. Food Service Industry
11.19.2. Food Service Industry
11.20. Rest of Europe Frozen Food Market Forecast, by Product Type
11.20.1. Fruits
11.20.2. Vegetables
11.20.3. Potato Products
11.20.4. Frozen Potato Products
11.20.5. Sea food
11.20.6. Meat & Poultry
11.20.7. Others
11.21. Rest of Europe Frozen Food Market Forecast, by End User
11.21.1. Food Service Industry
11.21.2. Food Service Industry
11.22. Europe Frozen Food Market Attractiveness Analysis
11.22.1. By Product Type
11.22.2. By End User
11.23. PEST Analysis
11.24. Key Trends
11.25. Key Developments

12. Asia Pacific Frozen Food Market Analysis
12.1. Key Findings
12.2. Asia Pacific Frozen Food Market Overview
12.3. Asia Pacific Frozen Food Market Value Share Analysis, by Product Type
12.4. Asia Pacific Frozen Food Market Forecast, by Product Type
12.4.1. Fruits
12.4.2. Vegetables
12.4.3. Potato Products
12.4.4. Frozen Potato Products
12.4.5. Sea food
12.4.6. Meat & Poultry
12.4.7. Others
12.5. Asia Pacific Frozen Food Market Value Share Analysis, by End User
12.6. Asia Pacific Frozen Food Market Forecast, by End User
12.6.1. Food Service Industry
12.6.2. Food Service Industry
12.7. Asia Pacific Frozen Food Market Value Share Analysis, by Country
12.8. Asia Pacific Frozen Food Market Forecast, by Country
12.8.1. China
12.8.2. India
12.8.3. Japan
12.8.4. ASEAN
12.8.5. Rest of Asia Pacific
12.9. Asia Pacific Frozen Food Market Analysis, by Country
12.10. China Frozen Food Market Forecast, by Product Type
12.10.1. Fruits
12.10.2. Vegetables
12.10.3. Potato Products
12.10.4. Frozen Potato Products
12.10.5. Sea food
12.10.6. Meat & Poultry
12.10.7. Others
12.11. China Frozen Food Market Forecast, by End User
12.11.1. Food Service Industry
12.11.2. Food Service Industry
12.12. India Frozen Food Market Forecast, by Product Type
12.12.1. Fruits
12.12.2. Vegetables
12.12.3. Potato Products
12.12.4. Frozen Potato Products
12.12.5. Sea food
12.12.6. Meat & Poultry
12.12.7. Others
12.13. India Frozen Food Market Forecast, by End User
12.13.1. Food Service Industry
12.13.2. Food Service Industry
12.14. Japan Frozen Food Market Forecast, by Product Type
12.14.1. Fruits
12.14.2. Vegetables
12.14.3. Potato Products
12.14.4. Frozen Potato Products
12.14.5. Sea food
12.14.6. Meat & Poultry
12.14.7. Others
12.15. Japan Frozen Food Market Forecast, by End User
12.15.1. Food Service Industry
12.15.2. Food Service Industry
12.16. ASEAN Frozen Food Market Forecast, by Product Type
12.16.1. Fruits
12.16.2. Vegetables
12.16.3. Potato Products
12.16.4. Frozen Potato Products
12.16.5. Sea food
12.16.6. Meat & Poultry
12.16.7. Others
12.17. ASEAN Frozen Food Market Forecast, by End User
12.17.1. Food Service Industry
12.17.2. Food Service Industry
12.18. Rest of Asia Pacific Frozen Food Market Forecast, by Product Type
12.18.1. Fruits
12.18.2. Vegetables
12.18.3. Potato Products
12.18.4. Frozen Potato Products
12.18.5. Sea food
12.18.6. Meat & Poultry
12.18.7. Others
12.19. Rest of Asia Pacific Frozen Food Market Forecast, by End User
12.19.1. Food Service Industry
12.19.2. Food Service Industry
12.20. Asia Pacific Frozen Food Market Attractiveness Analysis
12.20.1. By Product Type
12.20.2. By End User
12.21. PEST Analysis
12.22. Key Trends
12.23. Key Developments

13. Middle East & Africa Frozen Food Market Analysis
13.1. Key Findings
13.2. Middle East & Africa Frozen Food Market Overview
13.3. Middle East & Africa Frozen Food Market Value Share Analysis, by Product Type
13.4. Middle East & Africa Frozen Food Market Forecast, by Product Type
13.4.1. Fruits
13.4.2. Vegetables
13.4.3. Potato Products
13.4.4. Frozen Potato Products
13.4.5. Sea food
13.4.6. Meat & Poultry
13.4.7. Others
13.5. Middle East & Africa Frozen Food Market Value Share Analysis, by End User
13.6. Middle East & Africa Frozen Food Market Forecast, by End User
13.6.1. Food Service Industry
13.6.2. Food Service Industry
13.7. Middle East & Africa Frozen Food Market Value Share Analysis, by Country
13.8. Middle East & Africa Frozen Food Market Forecast, by Country
13.8.1. GCC
13.8.2. South Africa
13.8.3. Rest of Middle East & Africa
13.9. Middle East & Africa Frozen Food Market Analysis, by Country
13.10. GCC Frozen Food Market Forecast, by Product Type
13.10.1. Fruits
13.10.2. Vegetables
13.10.3. Potato Products
13.10.4. Frozen Potato Products
13.10.5. Sea food
13.10.6. Meat & Poultry
13.10.7. Others
13.11. GCC Frozen Food Market Forecast, by End User
13.11.1. Food Service Industry
13.11.2. Food Service Industry
13.12. South Africa Frozen Food Market Forecast, by Product Type
13.12.1. Fruits
13.12.2. Vegetables
13.12.3. Potato Products
13.12.4. Frozen Potato Products
13.12.5. Sea food
13.12.6. Meat & Poultry
13.12.7. Others
13.13. South Africa Frozen Food Market Forecast, by End User
13.13.1. Food Service Industry
13.13.2. Food Service Industry
13.14. Rest of Middle East & Africa Frozen Food Market Forecast, by Product Type
13.14.1. Fruits
13.14.2. Vegetables
13.14.3. Potato Products
13.14.4. Frozen Potato Products
13.14.5. Sea food
13.14.6. Meat & Poultry
13.14.7. Others
13.15. Rest of Middle East & Africa Frozen Food Market Forecast, by End User
13.15.1. Food Service Industry
13.15.2. Food Service Industry
13.16. Middle East & Africa Frozen Food Market Attractiveness Analysis
13.16.1. By Product Type
13.16.2. By End User
13.17. PEST Analysis
13.18. Key Trends
13.19. Key Developments

14. South America Frozen Food Market Analysis
14.1. Key Findings
14.2. South America Frozen Food Market Overview
14.3. South America Frozen Food Market Value Share Analysis, by Product Type
14.4. South America Frozen Food Market Forecast, by Product Type
14.4.1. Fruits
14.4.2. Vegetables
14.4.3. Potato Products
14.4.4. Frozen Potato Products
14.4.5. Sea food
14.4.6. Meat & Poultry
14.4.7. Others
14.5. South America Frozen Food Market Value Share Analysis, by End User
14.6. South America Frozen Food Market Forecast, by End User
14.6.1. Food Service Industry
14.6.2. Food Service Industry
14.7. South America Frozen Food Market Value Share Analysis, by Country
14.8. South America Frozen Food Market Forecast, by Country
14.8.1. Brazil
14.8.2. Mexico
14.8.3. Rest of South America
14.9. South America Frozen Food Market Analysis, by Country
14.10. Brazil Frozen Food Market Forecast, by Product Type
14.10.1. Fruits
14.10.2. Vegetables
14.10.3. Potato Products
14.10.4. Frozen Potato Products
14.10.5. Sea food
14.10.6. Meat & Poultry
14.10.7. Others
14.11. Brazil Frozen Food Market Forecast, by End User
14.11.1. Food Service Industry
14.11.2. Food Service Industry
14.12. Mexico Frozen Food Market Forecast, by Product Type
14.12.1. Fruits
14.12.2. Vegetables
14.12.3. Potato Products
14.12.4. Frozen Potato Products
14.12.5. Sea food
14.12.6. Meat & Poultry
14.12.7. Others
14.13. Mexico Frozen Food Market Forecast, by End User
14.13.1. Food Service Industry
14.13.2. Food Service Industry
14.14. Rest of South America Frozen Food Market Forecast, by Product Type
14.14.1. Fruits
14.14.2. Vegetables
14.14.3. Potato Products
14.14.4. Frozen Potato Products
14.14.5. Sea food
14.14.6. Meat & Poultry
14.14.7. Others
14.15. Rest of South America Frozen Food Market Forecast, by End User
14.15.1. Food Service Industry
14.15.2. Food Service Industry
14.16. South America Frozen Food Market Attractiveness Analysis
14.16.1. By Product Type
14.16.2. By End User
14.17. PEST Analysis
14.18. Key Trends
14.19. Key Developments

15. Company Profiles
15.1. Market Share Analysis, by Company
15.2. Competition Matrix
15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment
15.2.2. New Product Launches and Product Enhancements
15.2.3. Market Consolidation
15.2.3.1. M&A by Regions, Investment and Applications
15.2.3.2. M&A Key Players, Forward Integration and Backward
Integration
15.3. Company Profiles: Key Players
15.3.1. Nestle
15.3.1.1. Company Overview
15.3.1.2. Financial Overview
15.3.1.3. Product Portfolio
15.3.1.4. Business Strategy
15.3.1.5. Recent Developments
1.1.1.1. Development Footprint
15.3.2. General Mills Inc.
15.3.3. Ajinomoto Co., Inc.
15.3.4. Iceland Foods Ltd.
15.3.5. Mc Cain foods
15.3.6. Uniliver Plc amongst
15.3.7. ConAgra Foods Inc.
15.3.8. Maple Leaf Foods Inc.
15.3.9. General Mills
15.3.10. BRF SA
15.3.11. Tyson Foods Inc.
15.3.12. Mother Dairy Fruit & Vegetable Pvt. Ltd.
15.3.13. Pinnacle Foods Inc.
15.3.14. Ajinomoto Co. Inc.
15.3.15. Kraft Foods Group Inc.
15.3.16. Unilever PLC
15.3.17. Amy's Kitchen, Inc.
15.3.18. Kraft Food, Inc.
15.3.19. H. J. Heinz Company.
15.3.20. The Schwan Food Company
15.3.21. Quirch Foods Company
15.3.22. Rich Products Corporation

16. Primary Key Insights

About This Report

Report ID 11588
Category Food & Beverages
Published Date Sep 2022
Updated Date
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