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At a CAGR of 5.80 percent between 2022 and 2030, the value of the worldwide frozen food industry is expected to increase from $285.25 billion in 2022 to $412.99 billion.
Frozen food is food that has been prepared but then frozen and packaged for later consumption by humans or other animals. Frozen food's freeze-concentrated contents may contain crystalline ice. Both temperature and the solutes' ability to lower the melting temperature of ice influence the total amount of ice. Because ice can change the glass transition temperature of partially freeze-concentrated solute matrices and because of possible links within the ice network, it can also affect the mechanical characteristics of frozen meals.
The long-term viability of frozen foods depends on a number of factors related to both temperature and composition. Substances used in cooking and baking that affect the glass transition temperature of frozen solids and the amount of unfrozen water present in food after being held at a given temperature (and hence the melting point of ice). Predicting the shelf life of frozen food requires consideration of both temperature and freeze concentration. Frozen food may be acceptable to eat even for the pickiest of eaters. A food that has been correctly prepared, stored at 0 degrees Fahrenheit, and heated per the manufacturer's recommendations will taste the same as if it had been cooked fresh. The recipes for frozen ready-to-eat meals are created by some of the world's top chefs. When food is prepared and then frozen immediately, it retains the same high quality in each and every serving.
Consumers' fear of lockdowns prompted by the COVID-19 epidemic led to a dramatic rise in sales across the entire market. Due to their longer shelf life, frozen foods and other necessities dominated the market in the first few days of the lockdown. The lack of workers in the factories meant that supplies dwindled or disappeared altogether, but governments around the world eventually gave the go-ahead for the production of food. After the second quarter of 2020, production resumed at full capacity, and the items were sent to distributors with no difficulty thanks to a streamlined supply chain. Consumers' spending habits were altered as a result. People's eating habits have shifted with the advent of the telecommute due to the convenience of working from home. Consumers also began preparing more of their own meals as they attempted to reorganize their food budgets. As a result, sales of frozen foods fell. It took until the second quarter of 2021 for the food service businesses in a number of other countries to fully resume operations after the lockdowns were gradually removed in phases.
The expansion of the frozen food business is being greatly aided by the booming packaged food and beverage industry. Several important elements have contributed to this symbiotic relationship. First, shifting consumer habits have led to rising demand in the packaged food and beverage industry. Consumers like products that are easy to transport, last a long time, and can be used quickly.
In line with these tendencies, frozen meals offer fast, simple, and healthy alternatives to traditional cooking methods. They provide a useful option for people who want to eat more conveniently from a packaged food perspective. Frozen food benefits from the packaged food industry's well-established distribution channels and aggressive advertising campaigns. Both industries benefit from this cooperative expansion, which meets the growing demand for more accessible and varied food options among consumers.
Frozen food sales are being stifled by rising consumer demand for fresh, all-natural ingredients. People nowadays care a lot more about their health, therefore they tend to favor options that are less processed and more natural. The demand for better nutrition and less additives is driving this change in taste. So, the frozen food industry has to work hard to persuade health-conscious customers that its goods are just as nutritious as their fresh counterparts. The general belief that fresh foods are better for you can also prevent people from trying frozen foods. The growing popularity of farm-to-table and locally produced goods also contributes to this trend, as shoppers increasingly want to know where their food comes from and show their support for farmers in their communities.
Online purchasing has become increasingly popular recently. One of the key drivers of market expansion is the expansion of online retail. With the advent of new applications, it's easier than ever for shoppers to find the exact foods they're looking for. Since many professionals prefer not to buy in traditional stores, the wide selection of products provided is sure to pique their interest. In 2021, Eurostat reported that e-commerce accounted for about 1% of total revenue for 19.7% of EU businesses.
Report Coverage
Global Frozen Foods research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Frozen Foods report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Frozen Foods competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Frozen Foods market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Frozen Foods market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Frozen Foods market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
General Mills Inc. (US), Conagra Brands, Inc. (US), GRUPO BIMBO (Mexico), Nestle (Switzerland), Unilever (UK), Kellogg Co. (US), McCain Foods Limited (Canada), The Kraft Heinz Company (US), Associated British Foods plc (UK), Ajinomoto Co. Inc. (Japan), Vandemoortele (Belgium), Lantmannen Unibake (Denmark), Cargill, Incorporated (US), Europastry (Spain), JBS Foods (Brazil), Kidfresh (US), Aryzta.com (US), Shishi He Deming Seafood Co Ltd (China), OOB Organic (New Zealand), Omar International Pvt Ltd (India), JBS S.A.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Frozen Foods market based on the below-mentioned segments:
Global Frozen Foods Market, By Product Type
Frozen soups
Frozen Ready meals
Frozen seafood
Frozen meat and poultry
Frozen fruit and vegetables
Frozen potatoes
Global Frozen Foods Market, By End User
Food service industry
Retail users
Global Frozen Foods market, Regional Analysis
Frozen food is food that has been prepared but then frozen and packaged for later consumption by humans or other animals. Frozen food's freeze-concentrated contents may contain crystalline ice. Both temperature and the solutes' ability to lower the melting temperature of ice influence the total amount of ice. Because ice can change the glass transition temperature of partially freeze-concentrated solute matrices and because of possible links within the ice network, it can also affect the mechanical characteristics of frozen meals.
The long-term viability of frozen foods depends on a number of factors related to both temperature and composition. Substances used in cooking and baking that affect the glass transition temperature of frozen solids and the amount of unfrozen water present in food after being held at a given temperature (and hence the melting point of ice). Predicting the shelf life of frozen food requires consideration of both temperature and freeze concentration. Frozen food may be acceptable to eat even for the pickiest of eaters. A food that has been correctly prepared, stored at 0 degrees Fahrenheit, and heated per the manufacturer's recommendations will taste the same as if it had been cooked fresh. The recipes for frozen ready-to-eat meals are created by some of the world's top chefs. When food is prepared and then frozen immediately, it retains the same high quality in each and every serving.
Consumers' fear of lockdowns prompted by the COVID-19 epidemic led to a dramatic rise in sales across the entire market. Due to their longer shelf life, frozen foods and other necessities dominated the market in the first few days of the lockdown. The lack of workers in the factories meant that supplies dwindled or disappeared altogether, but governments around the world eventually gave the go-ahead for the production of food. After the second quarter of 2020, production resumed at full capacity, and the items were sent to distributors with no difficulty thanks to a streamlined supply chain. Consumers' spending habits were altered as a result. People's eating habits have shifted with the advent of the telecommute due to the convenience of working from home. Consumers also began preparing more of their own meals as they attempted to reorganize their food budgets. As a result, sales of frozen foods fell. It took until the second quarter of 2021 for the food service businesses in a number of other countries to fully resume operations after the lockdowns were gradually removed in phases.
The expansion of the frozen food business is being greatly aided by the booming packaged food and beverage industry. Several important elements have contributed to this symbiotic relationship. First, shifting consumer habits have led to rising demand in the packaged food and beverage industry. Consumers like products that are easy to transport, last a long time, and can be used quickly.
In line with these tendencies, frozen meals offer fast, simple, and healthy alternatives to traditional cooking methods. They provide a useful option for people who want to eat more conveniently from a packaged food perspective. Frozen food benefits from the packaged food industry's well-established distribution channels and aggressive advertising campaigns. Both industries benefit from this cooperative expansion, which meets the growing demand for more accessible and varied food options among consumers.
Frozen food sales are being stifled by rising consumer demand for fresh, all-natural ingredients. People nowadays care a lot more about their health, therefore they tend to favor options that are less processed and more natural. The demand for better nutrition and less additives is driving this change in taste. So, the frozen food industry has to work hard to persuade health-conscious customers that its goods are just as nutritious as their fresh counterparts. The general belief that fresh foods are better for you can also prevent people from trying frozen foods. The growing popularity of farm-to-table and locally produced goods also contributes to this trend, as shoppers increasingly want to know where their food comes from and show their support for farmers in their communities.
Online purchasing has become increasingly popular recently. One of the key drivers of market expansion is the expansion of online retail. With the advent of new applications, it's easier than ever for shoppers to find the exact foods they're looking for. Since many professionals prefer not to buy in traditional stores, the wide selection of products provided is sure to pique their interest. In 2021, Eurostat reported that e-commerce accounted for about 1% of total revenue for 19.7% of EU businesses.
Report Coverage
Global Frozen Foods research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Frozen Foods report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Frozen Foods competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Frozen Foods market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | General Mills Inc. (US), Conagra Brands, Inc. (US), GRUPO BIMBO (Mexico), Nestle (Switzerland), Unilever (UK), Kellogg Co. (US), McCain Foods Limited (Canada), The Kraft Heinz Company (US), Associated British Foods plc (UK), Ajinomoto Co. Inc. (Japan), Vandemoortele (Belgium), Lantmannen Unibake (Denmark), Cargill, Incorporated (US), Europastry (Spain), JBS Foods (Brazil), Kidfresh (US), Aryzta.com (US), Shishi He Deming Seafood Co Ltd (China), OOB Organic (New Zealand), Omar International Pvt Ltd (India), JBS S.A. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Frozen Foods Market from 2021 to 2030.
- Market Forecast for Frozen Foods Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Frozen Foods competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Frozen Foods
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Frozen Foods market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Frozen Foods market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
General Mills Inc. (US), Conagra Brands, Inc. (US), GRUPO BIMBO (Mexico), Nestle (Switzerland), Unilever (UK), Kellogg Co. (US), McCain Foods Limited (Canada), The Kraft Heinz Company (US), Associated British Foods plc (UK), Ajinomoto Co. Inc. (Japan), Vandemoortele (Belgium), Lantmannen Unibake (Denmark), Cargill, Incorporated (US), Europastry (Spain), JBS Foods (Brazil), Kidfresh (US), Aryzta.com (US), Shishi He Deming Seafood Co Ltd (China), OOB Organic (New Zealand), Omar International Pvt Ltd (India), JBS S.A.
Primary Target Market
- Market Players of Frozen Foods
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Frozen Foods market based on the below-mentioned segments:
Global Frozen Foods Market, By Product Type
Frozen soups
Frozen Ready meals
Frozen seafood
Frozen meat and poultry
Frozen fruit and vegetables
Frozen potatoes
Global Frozen Foods Market, By End User
Food service industry
Retail users
Global Frozen Foods market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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