Contact Us
Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Frozen food is preserved under low temperature in order to increase the shelf-life and consume over a long period. Frozen food includes vegetables & fruits, meat & poultry, ready meals, soup, and seafood. Frozen ready meal includes a bakery, snacks, ready-to-eat foods, and desserts. Hotels, caterers, restaurants, and fast-food chains are the largest end-user of frozen food.

The global frozen food market is was accounted for US$ 1,52,741.60 Mn in terms of value by the end of 2019, witnessing a CAGR of 4.7% during the forecast period (2020 to 2027).

Drivers:

The hectic lifestyle of the consumers due to demanding work cultures is predominantly fueling the market growth of frozen food. Busy lifestyle makes it difficult for people to cook food at home and this compelled people to opt for frozen food products. Frozen food takes less time for preparation and thus creating demand for such as food products. Hence, a busy lifestyle coupled with the increasing disposable income of the consumers is propelling the market growth of the frozen food.

The increasing availability of seasonal food is driving the market growth of the frozen food. The growing popularity of seasonal food due to the hectic lifestyle of the consumers and the chance to consume seasonal fruit and veggies throughout the year is again fueling the market growth. Nowadays, the expansion of logistic service has enabled the easy transportation of frozen fruits and vegetables across the globe. Hence, the easy availability of seasonal fruits and vegetables is projected to foster market growth. 

Figure 1. Global Frozen Food Market, Revenue Share (%), By Region, 2019

Frozen Food  | Coherent Market Insights

North America region dominated the global frozen food market in 2019, accounting for 34.60% share in terms of value, followed by Europe and Asia Pacific, respectively

Market Restraints

Misconception regarding the nutritional value of frozen food products among consumers is hampering the demand. Moreover, initially, it was perceived as an inferior substitute for fresh food and is not good for health. Also, it is processed food with added preservatives. This is a major factor hindering the market growth of frozen food.

Strict government rules and regulation for storage of frozen food products coupled with the availability of the substitute such as fresh food products is hampering the demand for the products. Also, growing awareness regarding the health and fitness among consumers is again fostering the market growth of the frozen food.

request-sample

Frozen Food Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 1,52,741.60 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 4.7% 2027 Value Projection: US$ 2,19,298.08 Mn
Geographies covered:
  • Regions: North America, Latin America, Europe, APAC, and Middle East & Africa
Segments covered:
  • By Product Type: Frozen Ready Meals, Frozen Fish/Seafood, Frozen Meat Products, Frozen Pizza, Frozen Potato  Products, Frozen Bakery Products, and Others
Companies covered:

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., Pinnacle Foods, Inc.

Growth Drivers:
  • Rising demand for ready to eat food products
  • Growing food chain stores globally 
Restraints & Challenges:
  • Strict government regulations
  • Availability if fresh food products

Market Opportunities

Increasing development of the food service industry due to the growing demand for food and consumer spending is projected to provide lucrative opportunities. Growing spending on shelf-stable foods by consumers due to busy lifestyles coupled with the growth in the agriculture industry is again expected to foster the market growth of frozen food. Hence, the development of the foodservice industry is projected to augment the market growth of the frozen food over the forecast period.

Growing popularity of the frozen ready meal is projected to offer bright opportunities in the market growth of frozen food. Increasing consumption of the ready meals among the working population coupled with the easy availability of such products in brick and mortar stores is again expected to foster the market growth of the frozen food. Also, increasing use of potatoes across various cuisines around the globe is further projected to foster the market growth of the frozen food. 

Figure 2. Global Frozen Food Market – Opportunity Analysis

Frozen Food  | Coherent Market Insights

On the basis of product type the frozen ready meals dominated the overall frozen food market with around 24.4% of market share in the year 2019.

Figure 3. Global Frozen Food Market, Revenue Share (%), By Product Type, in 2019

Frozen Food  | Coherent Market Insights

Market Trends/Key Takeaways

The growing number of the single household family has influenced the purchasing pattern of consumers. Small size families spent more on frozen food products and this is contributing to the market growth of the frozen food. An increase in the female working population coupled with the growing influence of social media is again creating demand for frozen food. Changing food habits along with the continuous change in the demand for food products is further projected to foster the market growth.

Increasing strategic distribution agreement and partnership of frozen food among key players for business expansion is one of the emerging trends in the market and this is projected to bolster the market growth in the near future. For instance, in March 2020, Central Foods has entered into a distribution agreement with Frank Dale. As per this agreement, Central Foods will handle distribution to the foodservice sector of the full range of sweet and savory products made by the party food specialist across the UK and further afield.

Global Frozen Food Market - Impact of Coronavirus (Covid-19) Pandemic

Food is an essential commodity and the demand for frozen food products is expected to rise during the pandemic and post pandemic conditions, worldwide. Moreover, Coronavirus (Covid-19) has majorly impacted the food & beverages industry and in turn has changed the dynamics of entire ecosystem including raw material suppliers. Lockdown in various countries such as India, China, and Spain, among others and cease in the subsequent trade activities has suspended the supply chain activities. The increasing spread of Covid-19 has forced the manufacturers to deploy precautionary measures in their facilities including labors and plant controllers screening and monitoring, and sanitizing the facilities.

Competitive Section:

Company Names 

  1. Nestlé S.A.
  2. Ajinomoto Co., Inc.
  3. Kraft Foods Group, Inc.
  4. ConAgra Foods, Inc.
  5. General Mills, Inc.
  6. H. J. Heinz Company
  7. Tyson Foods, Inc.
  8. Unilever Plc
  9. Maple Leaf Foods, Inc.
  10. Pinnacle Foods, Inc.

Few Recent Developments

In May 2017, Ajinomoto Co., Inc. launched eight varieties of frozen Japanese foods in collaboration with a major retailer to establish a sales channel in France. The purpose of this collaboration is to increase the penetration of the “AJINOMOTO brand” among French households.

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.

Market Dynamics

The rising popularity of frozen ready meals is expected to open up new 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 frozen food market growth.

One of the emerging trends in the market is the increase in strategic distribution agreements and partnerships of frozen food among key players for business expansion, which is expected to boost 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 the urban population. According to the United Nations, urban areas housed 55 percent of the world's population, or 4.2 billion people, in 2018. The world's urban population is expected to grow by 68 percent 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 in-depth analysis of graphite market, and provides market size (US$ Million & Million Kgs) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 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., Pinnacle Foods, Inc.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products 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.
        • By Product Type
          • Frozen Ready Meals
          • Frozen Fish/Sea Food
          • Frozen Meat Products
          • Frozen Pizza
          • Frozen Potato Products
          • Frozen Bakery Products
          • Others
      • Canada
        • By Product Type
          • Frozen Ready Meals
          • Frozen Fish/Sea Food
          • Frozen Meat Products
          • Frozen Pizza
          • Frozen Potato Products
          • Frozen Bakery Products
          • Others
    • Europe
      • U.K.
        • By Product Type
          • Frozen Ready Meals
          • Frozen Fish/Sea Food
          • Frozen Meat Products
          • Frozen Pizza
          • Frozen Potato Products
          • Frozen Bakery Products
          • Others
      • France
        • By Product Type
          • Frozen Ready Meals
          • Frozen Fish/Sea Food
          • Frozen Meat Products
          • Frozen Pizza
          • Frozen Potato Products
          • Frozen Bakery Products
          • Others
      • Germany
        • By Product Type
          • Frozen Ready Meals
          • Frozen Fish/Sea Food
          • Frozen Meat Products
          • Frozen Pizza
          • Frozen Potato Products
          • Frozen Bakery Products
          • Others
      • Rest of Europe
        • By Product Type
          • Frozen Ready Meals
          • Frozen Fish/Sea Food
          • Frozen Meat Products
          • Frozen Pizza
          • Frozen Potato Products
          • Frozen Bakery Products
          • Others
    • APAC
      • China
        • By Product Type
          • Frozen Ready Meals
          • Frozen Fish/Sea Food
          • Frozen Meat Products
          • Frozen Pizza
          • Frozen Potato Products
          • Frozen Bakery Products
          • Others
      • India
        • By Product Type
          • Frozen Ready Meals
          • Frozen Fish/Sea Food
          • Frozen Meat Products
          • Frozen Pizza
          • Frozen Potato Products
          • Frozen Bakery Products
          • Others
      • Rest of APAC
        • By Product Type
          • Frozen Ready Meals
          • Frozen Fish/Sea Food
          • Frozen Meat Products
          • Frozen Pizza
          • Frozen Potato Products
          • Frozen Bakery Products
          • Others
    • Latin America
      • Brazil
        • By Product Type
          • Frozen Ready Meals
          • Frozen Fish/Sea Food
          • Frozen Meat Products
          • Frozen Pizza
          • Frozen Potato Products
          • Frozen Bakery Products
          • Others
      • Argentina
        • By Product Type
          • Frozen Ready Meals
          • Frozen Fish/Sea Food
          • Frozen Meat Products
          • Frozen Pizza
          • Frozen Potato Products
          • Frozen Bakery Products
          • Others
      • Mexico
        • By Product Type
          • Frozen Ready Meals
          • Frozen Fish/Sea Food
          • Frozen Meat Products
          • Frozen Pizza
          • Frozen Potato Products
          • Frozen Bakery Products
          • Others
      • Rest of Latin America
        • By Product Type
          • Frozen Ready Meals
          • Frozen Fish/Sea Food
          • Frozen Meat Products
          • Frozen Pizza
          • Frozen Potato Products
          • Frozen Bakery Products
          • Others
    • Middle East & Africa
      • Middle East
        • By Product Type
          • Frozen Ready Meals
          • Frozen Fish/Sea Food
          • Frozen Meat Products
          • Frozen Pizza
          • Frozen Potato Products
          • Frozen Bakery Products
          • Others
      • Africa
        • By Product Type
          • Frozen Ready Meals
          • Frozen Fish/Sea Food
          • Frozen Meat Products
          • Frozen Pizza
          • Frozen Potato Products
          • Frozen Bakery Products
          • Others
  • 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.
    • J. Heinz Company
    • Tyson Foods, Inc.
    • Unilever Plc.
    • Maple Leaf Foods, Inc.
    • Pinnacle Foods, Inc.

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • Key Developments
  4. Global Frozen Food Market - Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Global Frozen Food Market– COVID-19
  5. Global Frozen Food Market, By Product Type, 2017 - 2027 (US$ Million & Million Kgs)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Frozen Ready Meals
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Frozen Fish/Seafood
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Frozen Meat Products
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 – 2027
    • Frozen Pizza
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Frozen Potato Product
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Frozen Bakery Product
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Others
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  6. Global Frozen Food Market, By Region, 2017- 2027 (US$ Million & Million Kgs)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Million Kgs)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Million Kgs)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Million Kgs)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Million Kgs)
    • MEA
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Million Kgs)
  7. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Nestle S.A
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Ajinomoto Co
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Kraft Foods Group, Inc.
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Domtar Corporation
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • ConAgra Foods
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • General Mills, Inc.,
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • H.J. Heinz Company
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Tyson Foods, Inc.,
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Unilver Plc.
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Maple Leaf Foods, Inc.
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Pinnacle Foods, Inc.
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact
FAQgrowicon

Frequently Asked Questions

The market for global frozen food is forecast to surpass US$ 2,19,298.08 million by 2027 witnessing a CAGR of 4.7% between 2020 and 2027.
Growing demand for ready to eat products is expected to boost the market growth.
Increasing strategic distribution agreement and partnership of frozen food among key players.
Strict government rules and regulation for storage of frozen food products coupled with the availability of the substitute such as fresh food products is hampering the demand for the products.
Major players operating in the market 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., Pinnacle Foods, Inc.
The market was valued around US$ 1,52,741.60 Million in terms of revenue in 2019.
Existing Clientele

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients

Our Trusted Patner

Subscribe Newsletter

Kindly Subscribe for our latest news & articles.