Frozen Food Market, by Product Type (Frozen Fruits, Frozen Vegetables, Dairy Products, Bakery Product, Frozen Meat, Frozen Seafood, Convenience Foods & Ready Meals, and Others), by Category (Raw Material, Half-Cooked, and Ready-To-Eat), by End User (Food Service and Retail), by Distribution Channel (Online and Offline) and By region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Ready-to-eat, ready-to-cook, ready-to-drink, and other frozen food categories include frozen meat and fish, fruits and vegetables, desserts, snacks, and frozen meat. Frozen food is widely available in supermarkets and on the internet. The increasing digitalization in the retail industry and emerging economies in Asia-Pacific, Latin America, and the Middle East & Africa are expected to provide significant opportunities for the players operating in this market.
Market Dynamics
The rising popularity of frozen ready meals is expected to open up new growth opportunities in the frozen food industry. Increased consumption of ready meals among the working population, combined with the ease with which such items can be found in brick and mortar stores, is expected to boost the frozen food market growth.
One of the emerging trends in the market is the increase in strategic distribution agreements and partnerships among key players for business expansion, which is expected to boost the market growth in the near future. Central Foods, for example, signed a distribution agreement with Frank Dale in March 2020.
The growth of the frozen food industry is being fueled by the rapid growth of urban population. According to the United Nations, urban areas housed 55% of the world's population, or 4.2 billion people, in 2018. The world's urban population is expected to grow by 68% by 2050, adding another 2.5 billion people to the world's urban population as a result of global population growth.
Key features of the study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook