China Frozen Food Market, Size, Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis

China Frozen Food Market, Size, Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis

China Frozen Food Market is expected to reach US$ 52.1 Billion in 2027. Over the past years, a broader demographic has drifted towards frozen food in China. Chinese consumers, specifically white collar workers, often prefer its convenience and differentia. As the pace of life gets more instantaneous in China, the frozen food industry in China persists in growing. Further, the rapid development of the cold chain helps numerous frozen food brand radiation range to expand. Besides, the development of the cold chain is promoting frozen food companies to improve the quality and flavor of their products in the frozen food market. Hence, we expect the Chinese cold chain to expand and continue to expand during 2021-2027.

COVID-19 has been a Significant Contributor to China Frozen Food Industry:

A series of trends have obliged to sustain the frozen variety's growth in the Chinese market. Moreover, Covid-19 has contributed significantly to this growth as people gravitate towards foods with more prolonged shelf lives. Indeed, the rash outbreak of COVID-19 had boosted the sales of frozen food products in 2020. In the coming years, post-pandemic Chinese are analyzed to constantly drift towards ways to facilitate meal preparation time without renouncing the food quality. Thus, as per our analysis, consumers will be looking for 'co-creation frozen offerings that remain convenient in the year beyond, the market will keep flourishing. The China Frozen Food Market was US$ 26.5 Billion in 2021.

Product Type: Frozen Fish/Sea Food Holds Lion's Share:

China is famous for delicacies, with various local cuisine made into frozen food, such as frozen fish/seafood, meat, ready meals, potato products, bakery products, pizza, and others. As per our analysis, the product's market scale, as mentioned earlier, will grow steadily in the forthcoming years. The increased consumer spending on cold-stored food is expected to expand the Chinese Frozen Food market in the near future. Thereon, frozen fish/seafood holds the lion's share in the Chinese frozen food industry, with the increasing consumer choice towards frozen fish/seafood being as nutritious as fresh. Moreover, frozen fish/seafood can be preserved longer than fresh produce that succumbs to vitamins and minerals over time.

China Frozen Food Market to Expand with a CAGR of 11.9% during 2021-2027

The frozen industry occupies a considerable position in the food market in China. Today, Millennials have a dynamic lifestyle with lesser time available for cooking. Hence, the convenience of frozen food is one of the critical factors estimated to keep propelling the frozen food industry growth over the forecast period. Also, most Chinese families use refrigerators which enable them to follow the pace of modern life. Consequently, frozen food will naturally come into Chinese grocery lists. In the future, product innovation and logistic infrastructure evolution are expected to boost the sector further.

Amongst the Consumers Frozen Foods Have Grown in Popularity:

By Consumers, in our report, we have covered the Household and Catering Service Industry amongst the top users of frozen foods, including the objective of frozen foods to aid the cooking process and elongate the shelf life. Moreover, frozen foods are growing in popularity as consumers are concerned about spoilage of fresh food. Notwithstanding, frozen food is considered an imperative component of the meals cooked and served in Household and Catering Service. Further, the overall distribution channel development existing in the realms of the frozen food industry in China is boosting the market expansion readily.

The Online Distribution Channel Gauged to Gain Huge Market Share:

By Distribution Channel, we have covered offline and online distribution channels. Today, Chinese consumers are increasingly shopping through offline and online distribution channels. The offline channel accounts for a significant share throughout. The availability of infrastructures like freezing and temperature-controlled outlets makes offline distribution channels a dominant distribution channel for frozen products in China. However, with the growing penetration of the Internet and smartphone usage, the online distribution channel is gaining traction as one of the major platforms to showcase and sell frozen food products. As per our analysis, the online distribution channel is estimated to gain a considerable market share during 2021-2027.

Key Frozen Food Companies in China:

The key frozen food companies hold significant importance in the frozen food market in China. Major Key Players in the China Frozen Food Market are Sanquan Food, Informa, Fujian Enjoy Foods Co Ltd, Meiji co ltd, Maruha Nichiro Group, General Mills, Shandong Huifa Food co. Ltd., and Apex Frozen Foods Ltd. The key players are building intelligent giant factories and storages to focus on cold storage transport, usage of high-quality ingredients to boost the market of frozen food products in China.

Renub Research latest report “China Frozen Food Market, Forecast By Product Type (Frozen Fish/Seafood, Frozen Meat, Frozen Ready Meals, Frozen Potato Products, Frozen Bakery Products, Frozen Pizza, and Others), Consumer (Household, Catering Service Industry and Others), Distribution Channel (Online and Offline), Companies (Sanquan Food, Informa, Fujian Enjoy Foods Co Ltd, Meiji co ltd, Maruha Nichiro Group, General Mills, Shandong Huifa Food co. Ltd., and Apex Frozen Foods Ltd.)” provides a detailed analysis of China Frozen Food Industry.

Product Type - Market has been studied from 7 viewpoints:

1. Frozen Fish/Sea Food
2. Frozen Meat
3. Frozen Ready Meals
4. Frozen Potato Products
5. Frozen Bakery Products
6. Frozen Pizza
7. Others

Consumer - Market has been studied from 3 viewpoints:

1. Household
2. Catering Service Industry
3. Others

Distribution - Market has been studied from 2 viewpoints:

1. Offline
2. Online

Company Insights:

• Overview
• Recent Development
• Revenue

Key Players:

1. Sanquan Food
2. Informa
3. Fujian Anjoy Foods Co Ltd
4. Meiji co ltd
5. Maruha Nichiro Group
6. General Mills
7. Shandong Huifa Food co. ltd.
8. Apex Frozen Foods Ltd