Frozen Food Market by Product (Bakery Products, Dairy Products, Frozen Fish), Freezing & Packaging Techniques (Freezing Techniques & Equipment, Frozen Food Packaging), Type, Distribution, End User - Global Forecast 2024-2030

Frozen Food Market by Product (Bakery Products, Dairy Products, Frozen Fish), Freezing & Packaging Techniques (Freezing Techniques & Equipment, Frozen Food Packaging), Type, Distribution, End User - Global Forecast 2024-2030

The Frozen Food Market size was estimated at USD 261.47 billion in 2023 and expected to reach USD 284.70 billion in 2024, at a CAGR 8.82% to reach USD 472.77 billion by 2030.

Frozen foods refer to a wide range of food items that have undergone freezing and storage at low temperatures, typically ranging from -18°C to -40°C. These food items include fruits, vegetables, meat, poultry, seafood, dairy products, baked goods, ready-to-eat meals, and other processed foods. The increasing demand for convenience in meal preparation is due to busy lifestyles, rising disposable incomes, and expanding urban populations. However, logistics and transportation issues involved in maintaining an uninterrupted cold chain from manufacturing facilities to retail outlets, and any failure in this process can result in product spoilage or contamination. In addition, technological advancements in refrigeration and packaging have further contributed to making frozen foods more accessible to a broader customer base.

Regional Insights



In the American region, consumers prioritize convenience and value for money when purchasing frozen products. The demand for healthy and innovative options drives manufacturers to invest in research and development. In Asia-Pacific, frozen food consumption in China has grown rapidly due to urbanization, increasing disposable incomes, and changing lifestyles. The aging population and a growing number of dual-income households in Japan have increased frozen food consumption. The European market has a high preference for organic, plant-based, and ethically produced frozen foods. Initiatives such as the European Commission's Farm to Fork Strategy aim to reduce greenhouse gas emissions by promoting sustainable food production practices. In the Middle East and Africa, there is a rising demand for halal-certified frozen foods due to religious preferences.

Market Insights



Market Dynamics



The market dynamics represent an ever-changing landscape of the Frozen Food Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers


Increasing Purchasing Power of Consumers, Change in Lifestyle and Food Habits
Rising Demand for Convenience Food Coupled with Surge in Female Working Population
Technological Advancements in the Cold Chain Offering Operational Excellence

Market Restraints


Preference for Fresh and Natural Food Products
Need of Constant Temperature Monitoring

Market Opportunities


Rapid Digital Development of the Food Service Industry
Improved Storage Facility in Small Retail Stores
Growing Processed Food Trade

Market Challenges


Limited Cold Chain Infrastructure in Developing Economies

Market Segmentation Analysis


Freezing & Packaging Techniques: Rising use of blast freezing
Product: Increasing adoption of frozen vegetables and snacks
Distribution Channel: Emerging sales of frozen foods through online distribution channel
End-Use: Foodservice sector segment to displayed remarkable growth due to the convenience and quality

Market Disruption Analysis


Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix



The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Frozen Food Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis



The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Frozen Food Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments




Real Good Foods Announces Launch of Two New Global Entrées and Expansion into Publix Stores

The Real Good Food Company, Inc. has expanded its Global Entrees platform to over 1,200 Publix stores. This expansion introduces new flavors, such as Tika Masala and Korean BBQ, allowing RGF's Global Meals to be available in over 10,000 stores nationwide. The development of these new flavors was driven by feedback from the Company's community across various social platforms.


Bikano Launches Range of Frozen Products in International Market

Bikano has launched a line of frozen products in the global market to achieve a 40 percent year-on-year growth from exports. By venturing into the international market, Bikano aims to capitalize on potential opportunities and anticipates reaching sales of INR 200 crores (USD 24.1 million) in the fiscal year 2023-2024.


McCain Foods Acquires Scelta Products

McCain Foods acquired Scelta Products to maintain and strengthen its global prepared appetizer market position. This focused approach has allowed McCain to expand its product offerings and cater to a wider consumer base. Scelta Products' impressive range of frozen appetizers, such as onion rings, battered and breaded mushrooms, and other vegetable-based delights, seamlessly complements McCain's existing appetizer portfolio. By integrating Scelta Products' plant assets into McCain's extensive product network, production capacity is substantially boosted. This acquisition ensures that the excellence and innovation associated with Scelta Products are upheld and further cultivated under McCain's stewardship.

Strategy Analysis & Recommendation



The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Frozen Food Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles



The report delves into recent significant developments in the Frozen Food Market, highlighting leading vendors and their innovative profiles. These include Aryzta A.G., Associated British Foods PLC, Bonduelle S.A., Cargill Incorporated, Conagra Foods, Inc., General Mills Inc., Goya Foods, Inc., GreenYard, H.J. Heinz Company, Iceland Foods Ltd., JBS S.A., Kellogg Company, McCain Foods Limited, Mosaic Foods, Nestle S.A., Nichirei Corporation, and Nomad Foods Limited.

Market Segmentation & Coverage



This research report categorizes the Frozen Food Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Bakery Products
Dairy Products
Frozen Fish
Frozen Fruits & Vegetables
Frozen Meat
Frozen Ready Meals
Frozen Soup
Freezing & Packaging Techniques
Freezing Techniques & Equipment
Air-Blast Freezers
Belt Freezers
Contact Freezers
Tunnel Freezers
Frozen Food Packaging
Antimicrobials
Edible Films
Moisture Control
Oxygen Scavengers
Time Temperature Indicators
Type
Half-Cooked
Raw Material
Ready-To-Drink
Ready-To-Eat
Distribution
Offline
Online
End User
Food Service Industry
Retail Users
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year