Frozen Food Market Size, Share & Growth | Industry Forecast Report, 2020-2027 – Press Release

Will Kreznick

The Global Frozen Food Market is witnessing significant growth during the forecast period due to the availability of various kinds of frozen food and the significant change in the consumption habits of consumers, which is encouraging individuals to opt for frozen food products. The global frozen food market is witnessing […]

The Global Frozen Food Market is witnessing significant growth during the forecast period due to the availability of various kinds of frozen food and the significant change in the consumption habits of consumers, which is encouraging individuals to opt for frozen food products.

The global frozen food market is witnessing significant growth during the forecast period due to the increasing number of women workforces who are opting for frozen food as it decreases the preparation and cooking time for them. The availability of various kinds of frozen food and the significant change in the consumption habits of consumers are the major factors surging the growth of the global frozen food market size. Furthermore, the growing consumer acceptance and high demand for healthy food are further expected to drive the growth of the frozen food market share in terms of revenue. Several manufactures are opting for numerous innovative strategies and technological innovations to decrease the loss of nutrients in frozen foods and reduce the usage of harmful plastic packaging which is one of the emerging frozen food trends that is fuelling demand of the market.

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The outbreak of the COVID-19 pandemic has positively impacted the demand for frozen food products as individuals who stay away from their homes are proactively searching for various frozen food and ready-to-cook meal options. Additionally, the restaurants and other fast-food outlets are temporary closed which will further attract many consumers towards the adoption of frozen food products as their evening snacks. These factors are further stimulating the demand of the market. On the other hand, the factor hindering the growth of the market include the high maintenance and logistics cost.

On the basis of product, convenience foods & ready meals are predicted to grow at a higher CAGR over the coming years. As per frozen food industry statistics, the rising consumer preference for convenience food products is driven by the exceptional features provided by these frozen food products, including extremely cost-effective, no or less cooking need, and other benefits. On the other edge, the processed food is expected to dominate the market during the forecast period owing to the increasing need for convenience as a result of the hectic lifestyle of the consumers. Additionally, the rising disposable income of the consumers and the rising number of the working population are further boosting the demand of the market.

Know more about the Global Frozen Food Market:

Based on the type, the ready-to-eat segment is projected to increase at a higher CAGR in the coming years as ready-to-eat food options are fully cooked and can be used at any point of time and place without cooking needs. The rising demand for desserts like frozen yogurt and frozen ice creams is a primary factor contributing to the market’s demand. Consumers are becoming more health-conscious, which is encouraging them to drastically shift towards low-calorie ice creams and yogurt. All these factors are further augmenting the growth of the segment.

On the basis of consumption, the foodservice segment is anticipated to lead the market in the coming years. Frozen food products are increasingly used in hotels, restaurants, QSRs, pubs, and other foodservice providers. The frozen food items helps in improving the quality of food and saves the cooking time.

Based on the distribution channel, the online is predicted to increase at a higher CAGR in the upcoming years. This is mainly attributed to the rising penetration of the Internet, particularly in emerging countries. E-commerce shopping is quite convenient and feasible than supermarkets or any other offline shops. All these drivers, along with the free home delivery option, are encouraging the consumers to shift towards the adoption of online shopping instead of visiting the stores.

Based on the region, Europe is expected to dominate the market over the forecast period due to the enhancement in living standards of individuals and growing consumers’ preference towards hygiene-related frozen food products in the market. In addition to this, the introduction of stringent government regulations to handle the quality and tags/certifications with the products and to make them more attractive is further accelerating the growth of the market. On the other hand, the Asia-Pacific and ROW are projected to grow at a higher CAGR in the upcoming years due to the rising awareness regarding the benefits of frozen food and the rising number of fast-food outlets.

Various notable players operating in the market include Nestle SA, Grupo Bimbo S.A.B. de C.V., Unilever, Kellogg Company, Kraft Heinz Company, Conagra Brands, Inc., General Mills, Inc., McCain Foods Limited, Ajinomoto, and Associated British Foods plc, among others.

The global frozen food market segmented into type, distribution channel, consumption, and regions. Based on the product, the global frozen food market has been segmented into fruits & vegetables, dairy products, bakery products, meat & sea foods, convenience food & ready meals, and others. Based on fruits & vegetables, the global frozen food market has been further segmented into frozen fruits and frozen vegetables. Based on frozen vegetables, the global frozen food market has been further sub segmented into frozen potato and others. Based on bakery products, the global frozen food market has been further segmented into bread & pizza crusts and others. Based on distribution channel, the global frozen food market has been segmented into online and offline. Based on the end user, global frozen food has been segmented into retail and food service. Based on the type, the global frozen food market has been segmented into raw material, half cooked and ready-to-eat.

Frozen Food Market Segmentation:

Global Frozen Food Market by Product:

  • Fruits & Vegetables
    •  Frozen Fruits
    •  Frozen Vegetables
      •  Frozen Potato
      •  Others
      • Dairy Products
      • Bakery Products
        •  Bread & Pizza Crusts
        •  Others
        • Meat & Sea Foods
        • Convenience Food & Ready Meals
        • Others

Global Frozen Food Market by Type:

  • Raw Material
  • Half Cooked
  • Ready-to-Eat

Global Frozen Food Market by Consumption:

Global Frozen Food Market by Distribution Channel:

  • Residential
  • Commercial
  • Agricultural

Global Frozen Food Market by Region:

  • North America Frozen Food Market (Option 1: As a part of the free 25% customization)
    • North America Market by Product
    • North America Market by Type
    • North America Market by Consumption
    • North America Market by Distribution Channel
    • United States Frozen Food Market
    • Canada Frozen Food Market

 

  • Europe Frozen Food Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Product
    • Europe Market by Type
    • Europe Market by Consumption
    • Europe Market by Distribution Channel
    • UK Frozen Food Market
    • Germany Frozen Food Market
    • France Frozen Food Market
    • Spain Frozen Food Market
    • Rest of Europe Frozen Food Market

 

  • Asia-Pacific Frozen Food Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Product
    • Asia-Pacific Market by Type
    • Asia-Pacific Market by Consumption
    • Asia-Pacific Market by Distribution Channel
    • China Frozen Food Market
    • India Frozen Food Market
    • Japan Frozen Food Market
    • Rest of APAC Frozen Food Market

 

  • RoW Frozen Food Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Product
    • RoW Market by Type
    • RoW Market by Consumption
    • RoW Market by Distribution Channel
    • Brazil Frozen Food Market
    • South Africa Frozen Food Market
    • Saudi Arabia Frozen Food Market
    • UAE Frozen Food Market
    • Rest of world (remaining countries of the LAMEA region) Frozen Food Market

 

Our Relevant Reports

  1. Global Frozen Pizza Market
  2. Global Frozen Fruit Market

 

Major Players Operating in the Frozen Food Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

  • Grupo Bimbo S.A.B. de C.V.
  • Kraft Heinz Company
  • Nestle SA
  • Unilever
  • Kellogg Company
  • General Mills, Inc.
  • Conagra Brands, Inc.
  • McCain Foods Limited
  • Associated British Foods plc
  • Ajinomoto

 

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

 

 

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