Frozen Foods Market Analysis: Growth, Size, Share & Future Trends (2024-2029)
The report covers a comprehensive analysis segmented by Product (Fruits & Vegetables, Ready meals, Pet Food, Meat and seafood Products, Bakery Products, Convenience Food, Plant-Based Protein, Dairy Products), By Distribution Channels (Supermarkets, Hotel, Restaurant, Café, Online market, Other retail channel), By Geography (North America, South America, Asia Pacific, Europe & Middle East, Africa)
Frozen Foods Market Snapshot
Frozen Foods Market Overview
The Global Frozen Foods Market is estimated at $358.2 Bn in 2023 and is anticipated to reach $484.8 Bn in 2029. The Global Frozen Foods Market is registering a CAGR of 6.24% during the forecast period 2024-2029. In the frozen process, food products like vegetables, meats, snacks, etc., undergo a series of processing techniques to increase their shelf life and nutritious value. This frozen food market has a wide range of products like frozen ready-to-eat meals, frozen fruits and vegetables, frozen meat and seafood, frozen bakery products, and frozen desserts. Day by day, the frozen foods market is gaining more peaks. Due to rapid urbanization and the increasing consumer lifestyle, frozen food, packaging, and the beverage industry are growing. The evolution of technology plays a significant contribution in this market. In the digital era, evolving online platforms allow consumers to access frozen foods.
​​​Frozen Foods Market Coverage
| Historical & Forecast Period | 2018-2029 |
| Base Year | 2023 |
| Forecast Period | 2024-2029 |
| Units | Billion US$ |
| Segments | Product, Distribution Channels |
| Geographies | North America, South America, Asia Pacific, Europe & Middle East, Africa |
| Key Vendors | The Kraft Heinz Company, Nestlé S.A., Conagra Brands, Inc., General Mills, Inc., Unilever PLC |
Key Geographies of Frozen Foods Market, 2023
Porter’s 5 Forces Analysis of Frozen Foods Market
Frozen Foods Market Trends
Online shopping is one of the major trends among consumers. Due to the introduction of online apps, consumers can purchase their products according to their preferences. The demand for convenient, specifically ready-to-eat foods is growing exponentially. It has changed social and economic patterns, food habits, and awareness about healthy foods. The technological revolution in the frozen food industry has altered the shelf life of food, consumed nature, wastage of foods, and increased the nutrition level of the foods.
Frozen Foods Market Driving Factors
Rapidly increasing consumers have driven the growth of frozen foods markets. The packaging and beverage industry significantly electrifies the development of the fixed food market. Packaged food items require less cooking time, which raises the demand for frozen foods. Frozen foods are easy to prepare, providing a solution for people and families seeking quick and hassle-free dining choices.
Frozen Foods Market Challenges
In developing countries, the frozen food market faces a massive challenge due to the outdated cold storage infrastructure, weak distribution channels, packaging, and transportation. The market also faces challenges related to health concerns related to processed food. In developing nations such as Kenya, South Africa, Uganda, and Bangladesh, the components of the distribution chain need to be developed.
Frozen Foods Market – Key Industry News
- In November 2023, HyFun Foods, India’s largest producers and exporters of high-quality frozen snacks, tie-up with Lulu Group International for frozen food supply.
- In July 2023, North American company Conagra Inc. added more than 50 new frozen foods and snacks products to their list in the summer season.
- In December 2021, ITC collaborated with Havmor Ice Cream to enhance their distribution of easy to cook snacks all over India.
Frozen Foods Market Competitive Landscape
- The Global Frozen Foods industry participants are always developing strategies to preserve a competitive advantage. Companies primarily use acquisitions, R&D, partnerships, and technological launches. Several important Global Frozen Foods Market entities include The Kraft Heinz Company, Nestlé S.A., Conagra Brands, Inc., General Mills, Inc., and Unilever PLC.
Frozen Foods Market Company Share Analysis, 2023(%)
Frozen Foods Market – Key Companies
Reason to Buy from us
Table of Contents
| 1. Introduction |
|---|
| 1.1. Research Methodology |
| 1.2. Scope of the Study |
| 2. Market Overview / Executive Summary |
| 2.1. Global Frozen Foods Market (2018 – 2022) |
| 2.2. Global Frozen Foods Market (2023 – 2029) |
| 3. Market Segmentation |
| 3.1. Global Frozen Foods Market by Product |
| 3.1.1. Fruits & Vegetables |
| 3.1.2. Ready meals |
| 3.1.3. Pet Food |
| 3.1.4. Meat and seafood Products |
| 3.1.5. Bakery Products |
| 3.1.6. Convenience Food |
| 3.1.7. Plant-Based Protein |
| 3.1.8. Dairy Products |
| 3.2. Global Frozen Foods Market by Distribution Channels |
| 3.2.1. Super markets |
| 3.2.2. Hotel |
| 3.2.3. Restaurant |
| 3.2.4. Cafe |
| 3.2.5. Online market |
| 3.2.6. Other retail channel |
| 4. Regional Segmentation |
| 4.1. North America |
| 4.1.1. The U.S |
| 4.1.2. Canada |
| 4.1.3. Mexico |
| 4.2. South America |
| 4.2.1. Brazil |
| 4.2.2. Argentina |
| 4.2.3. Colombia |
| 4.2.4. Chile |
| 4.2.5. Rest of South America |
| 4.3. Asia Pacific |
| 4.3.1. China |
| 4.3.2. India |
| 4.3.3. Japan |
| 4.3.4. South Korea |
| 4.3.5. Rest of Asia Pacific |
| 4.4. Europe & Middle East |
| 4.4.1. UK |
| 4.4.2. Germany |
| 4.4.3. Italy |
| 4.4.4. France |
| 4.4.5. Spain |
| 4.4.6. Rest of Middle East & Europe |
| 4.5. Africa |
| 4.5.1. Egypt |
| 4.5.2. South Africa |
| 4.5.3. Rest of Africa |
| 5. Value Chain Analysis of the Global Frozen Foods Market |
| 6. Porter Five Forces Analysis |
| 6.1. Threats of New entrants |
| 6.2. Threats of Substitutes |
| 6.3. Bargaining Power of Buyers |
| 6.4. Bargaining Power of Suppliers |
| 6.5. Competition in the Industry |
| 7. Trends, Drivers and Challenges Analysis |
| 7.1. Market Trends |
| 7.1.1. Market Trend 1 |
| 7.1.2. Market Trend 2 |
| 7.1.3. Market Trend 3 |
| 7.1.4. Market Trend 4 |
| 7.1.5. Market Trend 5 |
| 7.2. Market Drivers |
| 7.2.1. Market Driver 1 |
| 7.2.2. Market Driver 2 |
| 7.2.3. Market Driver 3 |
| 7.2.4. Market Driver 4 |
| 7.2.5. Market Driver 5 |
| 7.3. Market Challenges |
| 7.3.1. Market Challenge 1 |
| 7.3.2. Market Challenge 2 |
| 7.3.3. Market Challenge 3 |
| 7.3.4. Market Challenge 4 |
| 7.3.5. Market Challenge 5 |
| 8. Regulatory Landscape |
| 9. Competitive Landscape |
| 9.1. The Kraft Heinz Company |
| 9.2. Nestlé S.A. |
| 9.3. Conagra Brands, Inc. |
| 9.4. General Mills, Inc. |
| 9.5. Unilever PLC |
| 9.6. Company 6 |
| 9.7. Company 7 |
| 9.8. Company 8 |
| 9.9. Company 9 |
| 9.10. Company 10 |
Frozen Foods Market- Frequently Asked Questions (FAQs)
What is the current size of the Global Frozen Foods Market?
Market size for the Global Frozen Foods Market in 2023 is $358.2 Bn.
Who are the major vendors in the Global Frozen Foods Market?
The major vendors in the Global Frozen Foods Market are The Kraft Heinz Company, Nestlé S.A., Conagra Brands, Inc., General Mills, Inc., Unilever PLC.
Which segments are covered under the Global Frozen Foods Market segments analysis?
This report offers in-depth insights into each Product, Distribution Channels.