China Frozen Food Market, Size, Forecast 2023-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis

China Frozen Food Market, Size, Forecast 2023-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis

China Frozen Food Market is expected to attain US$ 56.01 Billion by 2030, according to Renub Research. Over the years, the industry of frozen foods in China has evolved hastily. The change in Chinese consumers eating habits has pushed the demand upward and China is in all likelihood to fulfill the developing demand. Packaged frozen food, chilled, or shelf-solid which are prepared to devour or require extra food substances will maintain to become the most important drivers of the growth of frozen food intake rates. As Chinese people stay a faster contemporary lifestyles, spending long hours at work and on public delivery, they don’t have time to cook dinner at home and don’t always sense like eating out.

The target for frozen food industry in China can be further extended to schools, military camps, tourism, the fast food industry, and other fields which will provide an opportunity for expansion. The Key Players are building smart giant factories and storage to focus on cold storage transport, and usage of high-quality ingredients to boost China frozen food industry growth.

As everywhere else in the world, China was also fighting the Covid-19 virus outbreak. One of the most critical factors of frozen food markets’ rapid development was lockdowns, which made people stay at home without any way to go shopping or eat out. This resulted in a higher market demand for cold stored food with prolonged shelf life, as no one ever knew how long each lockdown will last. The frozen product market scale started growing in 2020 and is continuously growing ever since.

China Frozen Food Market will expand at a CGAR of 9.35% during 2022-2030

Due to growing disposable income and increasing urbanization, China is anticipated to emerge as a significant force in boosting the buying potential for frozen meals items. The country offers flavor surroundings for the swift proliferation of meals institutions, aided via the government’s efforts to decrease tariff boundaries on frozen food imports. Frozen products from multinational brands stay noticeably expensive in China. Nevertheless, discerning and health-aware Chinese consumers are willing to invest in pleasant, showing a readiness to allocate their assets towards such offerings. The frozen grocery store in China is growing and it offers plenty of recent opportunities for domestic and overseas businesses. New trends and lifestyle choices of Chinese work people in the favor of the frozen food industry, as people generally tend to look for fast and convenient approaches to eat amazing meals. Further, the overall distribution channel improvement current in the nation-states of the frozen food market in China is boosting the market.

The growing preference towards convenience fuels the growing demand for frozen products because of their handy and time-saving useful aspect in comparison to cooking from scratch. The hectic lifestyle of the working Chinese population is majorly boosting the frozen food market. Significantly, the frozen snacks are predicted to develop because of the rising fashion of snacking, especially amongst adults and young adults. China Frozen Foods Market became worth US$ 27.40 Billion in 2022.

With growing disposable earnings and growing urbanization, China is expected to become a key driving force in the purchasing energy of frozen Fish/sea merchandise

By Product Type, Chinese frozen food Market is split into Frozen Fish/Sea Food, Frozen Meat, Frozen Ready Meals, Frozen Potato Products, Frozen Bakery Products,Frozen Pizza & Others. Frozen fish and seafood command a massive market percentage in the China's frozen food industry due to factors like rising incomes, urbanization, and Western culinary influences. These premium alternatives have become delicacies, catering to an extra prosperous center class seeking diverse dining studies. For instance, frozen Alaskan pollock represents an US$ 883 Million annual import, even as cuttlefish, squid, and cod fish additionally command high values. Luxury types like frozen king crab and lobster gain traction, in particular in city regions. China's frozen crab exports convey in $170 million yearly, and the country imports nearly half a billion bucks' really worth of lobster, along with rock and Homarus species, yearly.

Urbanization and rapid-paced life drove retail customers to choose convenient, numerous, and without difficulty prepared frozen food merchandise

By End-User, China Frozen Food Market is segmented into Food Service Industry and Retail Users. The retail users market is a linchpin of China's thriving frozen food industry. This segment includes a various array of consumers, from urban families to rural communities, and performs a pivotal role in shaping the industry trajectory. As China's population keeps to urbanize and existence turn out to be more and more speedy-paced, the demand for frozen meals products has surged. This trend is driven via the benefit, longer shelf existence, and simplicity of preparation that frozen meals offer. Supermarkets, hypermarkets, comfort stores, and e-commerce structures are key players in serving the retail person market. They provide a wide variety of frozen alternatives to cater to the evolving tastes and consumer options.

Offline distribution remains the leading distribution channel in China and is predicted to reveal respectable growth in the future

By Distribution Channel, China Frozen Food Market is split into Offline and Online. China's offline distribution market for frozen food is an important driver of the sectors prosperity and expansion. It encompasses traditional brick-and-mortar channels like supermarkets, comfort shops, and uniqueness frozen food shops, ensuring huge client access. Supermarkets, a cornerstone of this market, offer diverse frozen alternatives for one-forestall purchasing convenience. Convenience stores attention on brief, on-the-go selections, which include frozen snacks and equipped-to-consume food. Meanwhile, specialty frozen meals stores cater to discerning customers in search of precise or top class frozen alternatives. Altogether, this offline distribution network complements China's evolving frozen meals industry, making sure accessibility and convenience to a wide array of customers across one-of-a-kind demographics and regions.

Key Player

General Mills, Sanquan Food, Fujian Anjoy Foods Co Ltd, Meiji co ltd, Shandong Huifa Food co. Ltd., Maruha Nichiro Group, Apex Frozen Foods Ltd and Conagra Brands Inc are the most important companies in the China Frozen Food Market.

Renub Research latest report “China Frozen Food Market, Forecast By Product Type (Frozen Fish/Sea Food, Frozen Meat, Frozen Ready Meals, Frozen Potato Products, Frozen Bakery Products,Frozen Pizza & Others), End-User (Food Service Industry and Retail Users), Distribution Channel (Online and Offline), Companies (General Mills, Sanquan Food, Fujian Anjoy Foods Co Ltd, Meiji co ltd, Shandong Huifa Food co. Ltd., Maruha Nichiro Group, Apex Frozen Foods Ltd and Conagra Brands Inc)” 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

End-User – Market has been studied from 3 viewpoints:

1. Food Service Industry
2. Retail Users

Distribution – Market has been studied from 2 viewpoints:

1. Offline
2. Online

Company Insights:

• Overview
• Recent Development
• Revenue

Key Players

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