Global Frozen Food Market By Overview
Introduction:
The frozen food market comprises retail as well as business customers. Retail customers of frozen food are individuals and households, whereas business customers include hotel chains, fast-food outlets, caterers, and other business buyers. Retail customers mostly prefer cooked and semi-cooked, ready-to-eat food, meat and soup amongst the class of available products in the market. While business customers majorly used frozen meat, seafood, frozen pizza crust, bread, frozen dough, potatoes, and vegetables as the key ingredients for preparing food for end customers. The global Frozen Food market accounted for US$ 244.30 billion in 2020 and is estimated to be US$ 407.87 billion by 2030 and is anticipated to register a CAGR of 5.3%.
Global Frozen Food Market By Dynamics
Growing Demand and Consumption of Frozen Foods
The growth of the global frozen food market is primarily driven by the growing demand and consumption of frozen foods in the developed and developing markets. An increase in disposable incomes coupled with the change in lifestyle and food habits are the major factors that boosts the targeted market globally. Moreover, a rapid increase in the number of large retail chains including hypermarkets and supermarkets has bolstered the demand for frozen food worldwide, which in turn is expected to propel the growth of the target market over the forecast period. However, the lack of refrigeration facilities in retail stores and inadequate distribution facilities in semi-urban and rural areas are the major challenges for the target market growth in developing countries. The developed markets are expected to continue their growth at a moderate pace, which is majorly driven by the mounting consumer preference for healthy frozen foods. Nevertheless, snacking is one of the most prominent trends which is being observed among consumers. The local consumers like “on the go” snacking and quality aspects of the frozen foods are making the category popular among the consumers.
Global Frozen Food Market By Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global Frozen Food Market is segmented based on type, product type, distribution channel and region.
Type Insights
On the basis of Type, the global Frozen Food Market is segmented into raw material and half cooked.
Product Type Insights
On the basis of Product Type, the target market is segmented into frozen ready meals, frozen seafood & meat products, frozen snacks & bakery products and others. In the frozen food market, the segment of frozen ready meals generated more total sales in 2020. Due to the widespread consumption of ready meals by working-class people worldwide, the category is anticipated to maintain its leadership over the projection period. Additionally, new product introductions by Conagra and Nestle, including on-the-go snack alternatives, are projected to keep the frozen meat market among the largest. Furthermore, over the next few years, the segment's momentum is anticipated to be maintained by the simple availability of such products in brick and mortar retailers on a global scale.
Distribution Channel Insights
Based on End-User, the target market is segmented into supermarkets/hypermarkets, specialty stores, convenience stores and online retail.
Regional Insights:
The global Frozen Food market accounted for US$ 244.30 billion in 2020 and is estimated to be US$ 407.87 billion by 2030 and is anticipated to register a CAGR of 5.3%. On region the global Frozen Food market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Europe is expected to account for significant revenue share for the global frozen food market due to an improvement in living standards and an increasing need for convenience. The Middle East and Africa are also experiencing higher growth due to increasing disposable incomes and strong distribution channels for the availability of the frozen food product that has boosted the demand for the global market.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
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Market Segmentation |
By Type – Raw Material and Half Cooked By Product Type– Frozen Ready Meals, Frozen Seafood & Meat Products, Frozen Snacks & Bakery Products and Others By Distribution Channel– Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores and Online Retail |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global Frozen Food market report based on type, product type, distribution channel, and region.
Global Frozen Food Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Frozen Food Market By Key Players
The leading players operating in the Global Frozen Food Market includes
Wawona Frozen Foods focuses on the production and storage of fresh fruit.
Bellisio Foods is a diverse American maker of frozen foods with headquarters in Minneapolis, Minnesota.
McCain Foods is a worldwide Canadian frozen food company founded in Canada's Florenceville, New Brunswick, in 1957.
ConAgra Foods, Inc. is a holding corporation for American consumer packaged goods with its main office in Chicago, Illinois. Conagra manufactures and promotes goods under a number of brand names that can be found in supermarkets, eateries, and other food service locations.
General Mills, Inc. is a global American company that produces and markets branded consumer meals for sale in retail establishments.
Nestle S.A. is a multinational Swiss firm with its headquarters in Vevey, Vaud, Switzerland that processes food and beverages.
Ajinomoto is a Japanese multinational food and biotechnology company that creates spices, cooking oils, frozen meals, drinks, sweeteners, amino acids, pharmaceuticals, and interlayer insulating materials for semiconductor packages used in personal computers.
Kellogg Company is a global American food manufacturing firm with its headquarters in Battle Creek, Michigan.
Chevon Agrotech Pvt Ltd manufacture goods for frozen food.
Global Frozen Food Market By Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Frozen Food Market
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Product Type
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Frozen Food Market, By Type, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Raw Material
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Half Cooked
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Frozen Food Market, By Product Type , 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Frozen Ready Meals
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Frozen Seafood & Meat Products
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Frozen Snacks & Bakery Products
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Frozen Food Market, By Distribution Channel, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Supermarkets/Hypermarkets
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Specialty Stores
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Convenience Stores
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Online Retail
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Frozen Food Market, By Region, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Distribution Channel, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Distribution Channel, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Distribution Channel, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Distribution Channel, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Distribution Channel, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Wawona Frozen Foods
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Bellisio Foods
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- McCain Foods
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ConAgra Foods, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- General Mills, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ajinomoto
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Kellogg Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Chevon Agrotech Pvt Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Nestle S.A.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
The Last Word
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- Future Impact
- About Us
- Contact
FAQs
The Frozen Food Market is segmented based on type, product type, distribution channel and region
The growing consumer preference for convenience foods indirectly benefits the growing demand for frozen products due to less time and effort to prepare than cooking from scratch.
Europe was the largest region and has significant growth for frozen food market during forecast period due to the coronavirus outbreak, this has greatly increased demand for frozen food in Europe.
The key players operating in the Frozen Food Market includes Wawona Frozen Foods, Bellisio Foods, McCain Foods, ConAgra Foods, Inc., General Mills, Inc., Ajinomoto, Kellogg Company, Chevon Agrotech Pvt Ltd and Nestle S.A.