Frozen Processed Food Market

Global frozen processed food market is estimated to be valued at USD 75.07 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 2.8% from 2024 to 2031. Global frozen processed food market has been witnessing significant growth in the recent years due to changing lifestyles and hectic schedules of consumers worldwide. Freezing food helps retain nutrients, texture and flavor of the food items for a longer period. Some of the commonly frozen processed food items include frozen fruits and vegetables, frozen meat and seafood, frozen bakery products and frozen desserts. With growing popularity of ready-to-eat meals, the demand for frozen processed food increases. The expansion of retail landscape including supermarkets and hypermarkets has further propelled the sales of frozen processed food across major regions.

 Market Dynamics:

Global frozen processed food market growth is primarily driven by factors such as rising demand for convenience food owing to busy lifestyles, growing working women population, improving cold chain infrastructure and expansion of modern retail formats. However, high energy costs associated with freezing food items and perception of frozen foods being low in nutrition as compared to fresh foods are some of the key factors that can hamper the market growth. The emergence of private label brands and innovations in packaging solutions are anticipated to create new opportunities for frozen processed food manufacturers in the near future. Furthermore, growing focus on developing frozen meal kits specially targeted at single households also presents lucrative prospects for market participants.

 Key Features of the Study:

• This report provides in-depth analysis of the global frozen processed food market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global frozen processed food market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Unilever, Nestle, Conagra Brands, Inc., GRUPO BIMBO, General Mills Inc., Kellogg Co., McCain Foods Limited, The Kraft Heinz Company, Associated British Foods plc, Ajinomoto Co. Inc., Vandemoortele, Lantmannen Unibake, Cargill, Incorporated, Europastry, JBS Foods, Kidfresh, Aryzta.com, Shishi He Deming Seafood Co Ltd, OOB Organic, Omar International Pvt Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global frozen processed food market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global frozen processed food market.

Detailed Segmentation-

• By Type:
  • Frozen Processed Bakery Products
  • Frozen Processed Desserts
  • Frozen Processed Meat Substitutes
  • Frozen Processed Poultry
  • Others
• By Distribution Channel:
  • Supermarkets/ Hypermarkets
  • Specialty stores
  • Convenience stores
  • Online
  • Others
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • Unilever
  • Nestle
  • Conagra Brands, Inc.
  • GRUPO BIMBO
  • General Mills Inc.
  • Kellogg Co.
  • McCain Foods Limited
  • The Kraft Heinz Company
  • Associated British Foods plc
  • Ajinomoto Co. Inc.
  • Vandemoortele
  • Lantmannen Unibake
  • Cargill, Incorporated
  • Europastry
  • JBS Foods
  • Kidfresh
  • Aryzta.com
  • Shishi He Deming Seafood Co Ltd
  • OOB Organic
  • Omar International Pvt Ltd