According to FMI, North America dominates the frozen food market. The market accounts for 33.4% of the total global frozen food market in 2032. The frozen food market is expected to rise in the region due to technological advancements in cost-effective food production.
NEWARK, Del: The global frozen foods market is projected to reach US$ 314,285 million in 2022 and then rise at a CAGR of 6.7% to reach US$ 602,257 million by 2032. Rising consumer desire for prepared foods is credited with growth. A CAGR of 6.0% was recorded for the frozen food market from 2016 to 2021.
Frozen foods are food items such as seafood, meat & poultry, vegetable & fruits, convenience foods, and more that are preserved under low temperatures for future usage. They are often used as an alternative or a substitute for fresh and cooked foods. Frozen meat, and seafood have the highest demand of all frozen food products, and they are readily available at grocery stores.
Food preservation has been an ancient practice that humans use to prevent the spoilage of food items or products. The practice is motivated by the surplus food items within the clement season and shortage of food during winter. Preservation via drying, salting, and smoking has been an old practice. However, the innovation of technology has replaced such practices since it can’t be used for preserving some food items like vegetables, fruits, and uncooked meat or seafood. The use of refrigerators or freezers has enhanced food preservation in the industrial age as both cooked and uncooked food items can be stored in them.
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Frozen Food Market Driven by Change in Consumer Lifestyle
The change in consumer lifestyle has prompt the need for the provision of convenience food globally. And this has fostered the rise in demand for frozen foods in the global market. Also, the rise in the number of working women, coupled with the growing number of single-person households has been a significant factor that will drive the tremendous growth of the frozen foods market over the forecast period. It’s now a global norm to consume frozen foods daily due to the change in lifestyle.
Increase in Awareness Regarding the Health Benefits of Frozen Foods
Today’s on the go consumers are on the watch of their health and are ready to spend on health-enhancing products. With the increase in the awareness of the health benefits associated with frozen foods consumption, the market is expected to experience an inclination globally over the forecast period.
The frozen food market is capitalizing on this consumer sentiment to increase the production of health befitting products. The dairy industry in this sector is manufacturing products with low sugar content and minimal processing. Diary based frozen foods like yogurts, ice cream are a rich source of vitamin D, phosphorus, and calcium.
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Frozen Food Market: Region-wise Analysis
Europe has the largest market in the global frozen food market with the transformation in consumer’s attitude towards frozen food within the region. Consumption of frozen food within the European Union countries has increased tremendously due to the improvement in the standard of living and shift towards convenience lifestyle.
Africa and the Asia Pacific regions will register a significant growth in the frozen food market over the forecast due to the less availability of fresh foods and busy lifestyle within the regions. The rise in disposable income of countries like China, India and Japan is another force driving the growth of the global frozen food market within the Asia Pacific region. Other regions such as North America and Middle East are expected to record a moderate growth in the industry over the forecast period.
Frozen Food Market: Competitive Landscape
Ajinomoto Co. Inc.
General Mills Inc.
the Kraft Heinz Company
ConAgra Brands, Inc.
Associated British Foods Plc..
The research report presents a comprehensive assessment of market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with suitable set of assumptions and methodology. Research report provides analysis and information by categories such as market segments, geographies, types, technology and applications.
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Global Frozen Food Market Segment Analysis
Frozen Food Market by Type:
- Frozen Fruits and Vegetables
- Frozen Meat and Fish
- Frozen Desert
- Frozen Snacks
- Frozen Cooked Ready Meals
- Other Frozen Food Types
Frozen Food Market by Category:
- Ready to eat Frozen Food
- Ready to cook Frozen Food
- Ready to drink Frozen Food
- Others Frozen Food Categories
Frozen Food Market by Distribution Channel:
- Frozen Food in Supermarkets & Hypermarkets
- Frozen Food in Convenience Stores
- Frozen Food in Online Channels
- Frozen Food in Others
Frozen Food Market by Freezing Technique:
- Blast Freezing of Foods
- Belt Freezing of Foods
- Individual Quick Freezing (IQF) of Foods
- Others Freezing Techniques
Table of Content
- Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
- Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
Explore FMI’s related ongoing Coverage on Food and Beverage Domain
Frozen Pizza Market: The frozen pizza demand outlook is expected to remain positive with the market value projected to reach US$ 32.89 Bn by 2031 at a CAGR of 6.0% during 2021-31.
Frozen Pet Food Market: The global frozen pet food market is expected to reach market valuation of US$ 14 Bn by 2022, with demand increasing at a CAGR of 5.1% over the assessment period.
Frozen Desserts Market: The global frozen desserts market is expected to reach a valuation of US$ 100.1 Bn by the end of 2022, growing at a CAGR of 5.8% by 2022-2032.
Frozen Yogurt Market: The global frozen yogurt market is expected to reach a market valuation of USD 2.1 Bn by the year 2022, accelerating with a CAGR of 3.7% by 2022-2032.
Frozen Vegetables Market: The global frozen vegetables market is estimated to be valued at US$ 32.4 Bn in 2022 and is projected to reach US$ 55.8 Bn by 2032. The global market is anticipated to exhibit a CAGR of 5.6% from 2022 to 2032.
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