Frozen Food Market Share, Size, Trends, Industry Analysis Report, By Product (Fruits & Vegetables, Dairy Products, Bakery Products, Meat & Seafood Products, Convenience Food & Ready Meals, Others), By Consumption; By Type; By Region; Segment Forecast, 202

Frozen Food Market Share, Size, Trends, Industry Analysis Report, By Product (Fruits & Vegetables, Dairy Products, Bakery Products, Meat & Seafood Products, Convenience Food & Ready Meals, Others), By Consumption; By Type; By Region; Segment Forecast, 2022 - 2030

The global frozen food market size is expected treach USD 389.90 billion by 2030 according ta new study by Polaris Market Research. The report “Frozen Food Market Share, Size, Trends, Industry Analysis Report, By Product (Fruits & Vegetables, Dairy Products, Bakery Products, Meat & Seafood Products, Convenience Food & Ready Meals, Others), By Consumption; By Type; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

Increasing demand for convenience products along with the rising women’s employment rate is the major factor that is boosting the industry growth during the forecast period. The convenience afforded by packaged edible products drives the processed meal business, which appeals tconsumers of all ages. The global market has experienced significant transformation as a result of consumer preference for convenience meals and ready-to-eat items. When compared tprepared products, this sort of meal requires less effort and time, which is the primary driver of the market.

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According tthe World Bank, two-thirds of the world’s population is predicted treside in cities by 2050. As a result, the demand for such items rises. Rising disposable income has a substantial influence on the growth of the business since it increases consumers’ spending power.

Further, the employment rate for women has increased significantly in recent years. As a result, ready-to-eat meals have become popular. According tthe United States Department of Labor, the employment rate for women in China is 43.7% in 2019. Similarly, women’s employment rates are 46% in the US and 45% in South Africa. These are some of the most important variables that are assisting the industry’s expansion.

Foodservice segment accounted for the leading share in the market. This is attributable tthe fact that the hospitality service business is one of the biggest buyers of frozen products. Hotel chains, cash & carry outlets, caterers, and other business entities are all part of the service industry.

Market players such as Nestle SA, Ajinomoto, GrupBimbo, Cargill, Conagra Brands, Inc., Europastry S.A., General Mills Inc., Unilever, JBS, Kellogg Company, Lantmannen Unibake, The Kraft Heinz Company, and Vandemoortele NV are some key players operating in the global market. In June 2021, Nestlé USA recently announced plans texpand its business in Cherokee County, South Carolina. A total of 160 new employees will be created as a result of the $100 million investment.

Polaris Market Research has segmented the frozen food market report based on frozen product, consumption, type, and region:

Frozen Food, Product Outlook (Revenue – USD Billion, 2018 – 2030)

• Fruits & Vegetables

Frozen Fruits

Frozen Vegetables

Frozen Potatoes

Other Vegetables

• Dairy Products
• Bakery Products

Breads & Pizza Crusts

Other Bakery Products

• Meat & Seafood Products
• Convenience Food & Ready Meals
• Others

Frozen Food, Consumption Outlook (Revenue – USD Billion, 2018 – 2030)

• Food Service
• Retail

Frozen Food, Type Outlook (Revenue – USD Billion, 2018 – 2030)

• Raw Material
• Half-cooked
• Ready-to-eat

Frozen Food, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

• North America
• U.S.
• Canada
• Europe
• France
• Germany
• UK
• Italy
• Spain
• Netherlands
• Russia
• Asia Pacific
• China
• India
• Japan
• Malaysia
• South Korea
• Indonesia
• Latin America
• Mexico
• Brazil
• Argentina
• Middle East & Africa
• UAE
• Saudi Arabia
• Israel
• South Africa