Frozen Food Market

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:

• This report provides an in-depth analysis of frozen food market, and provides market size (US$ Million & Million Kgs) and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global frozen food market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Nestle S.A., Ajinomoto Co., Inc., Kraft Foods Group, Inc., ConAgra Foods, Inc., General Mills, Inc., H.J. Heinz Company, Tyson Foods, Inc., Unilever Plc., Maple Leaf Foods, Inc., and Pinnacle Foods, Inc.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The global frozen food market report caters to various stakeholders in this industry including investors, suppliers, graphite manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global frozen food market

Detailed Segmentation:

• Global Frozen Food Market, By Product Type:
  • Frozen Ready Meals
  • Frozen Fish/Sea Food
  • Frozen Meat Products
  • Frozen Pizza
  • Frozen Potato Products
  • Frozen Bakery Products
  • Others
• Global Frozen Food Market, By Region:
  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • France
    • Germany
    • Rest of Europe
  • APAC
    • China
    • India
    • Rest of APAC
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • Middle East
    • Africa
• Company Profiles
  • Nestle S.A.*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Ajinomoto Co.
  • Kraft Foods Group, Inc.
  • Domtar Corporation
  • ConAgra Foods
  • General Mills, Inc.
  • H.J.Heinz Company
  • Tyson Foods, Inc.
  • Unilever Plc.
  • Maple Leaf Foods, Inc.
  • Pinnacle Foods, Inc.