Frozen Food Market, By Type, By Distribution Channel, By Geography

Description

Global frozen food market is estimated to be valued at USD 298.69 Bn in 2024 and is expected to reach USD 423.10 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 298.69 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	5.10%	2031 Value Projection:	US$ 423.10 Bn

Figure 1.Frozen Food Market Share (%), By Region, 2024

Global frozen food market has witnessed significant growth over the past few decades due to changing lifestyles and busy schedules of consumers worldwide. Frozen foods offer convenience and ease of preparation as these can be stored for longer durations and cooked quickly as per the requirement. Moreover, the frozen food manufacturing process helps retain nutrients, flavor and taste of food for a longer time. The market continues to evolve with product innovation and introduction of organic, natural and premium frozen food products catering to rising health-consciousness. New technologies enable enhanced freezing which minimizes nutrient loss. Rising population, income levels and urbanization can drive the growth of global frozen food market in the near future.

Market Dynamics:

Global frozen food market is expected to witness growth at a rapid pace over the forecast period due to factors such as increasing demand for convenience food owing to busy lifestyles, rising population, growing disposable income and expanding retail landscape especially in developing regions. However, high energy costs associated with freezing food products as well as perceived risks of loss of nutrients are some of the factors that can hamper market growth. Introduction of organic, natural and premium frozen food products to cater to evolving consumer preferences around health and wellness offers significant opportunities for frozen food manufactures. Moreover, development of sustainable and eco-friendly freezing technologies also presents new opportunities for the market growth.

Key Features of the Study:

This report provides in-depth analysis of the global frozen 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 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 Ajinomoto Co., Inc., Conagra Brands, Inc., Nestle SA, General Mills, Inc., Kraft Heinz Company, Unilever Group, Kellogg Company, McCain Foods Limited, Nomad Foods Ltd., The Schwan Food Company, Tyson Foods, Inc., JBS S.A., Birds Eye Limited, Hormel Foods Corporation, Dr. Oetker GmbH, Amy's Kitchen Inc., Nichirei Corporation, Findus Group, Goya Foods Inc., Pinnacle Foods Inc.
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 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 food market.

Detailed Segmentation-

By Type:
- Frozen Ready Meals
- Frozen Seafood & Meat Products
- Frozen Snacks & Bakery Products
- Others
By Distribution Channel:
- Supermarkets/Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Retail
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Ajinomoto Co., Inc.
- Kellogg Company
- Conagra Brands, Inc.
- Nestle SA
- General Mills, Inc.
- Kraft Heinz Company
- Unilever Group
- Kellogg Company
- McCain Foods Limited
- Nomad Foods Ltd.
- The Schwan Food Company
- Tyson Foods, Inc.
- JBS S.A.
- Birds Eye Limited
- Hormel Foods Corporation
- Dr. Oetker GmbH
- Amy's Kitchen Inc.
- Nichirei Corporation
- Findus Group
- Goya Foods Inc.
- Pinnacle Foods Inc.

Product Code: CMI3084

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Frozen Food Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Frozen Food Market
Impact Analysis

5. Global Frozen Food Market, By Type, 2019-2031, (US$ BN)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Frozen Ready Meals
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Frozen Seafood & Meat Products
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Frozen Snacks & Bakery Products
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global Frozen Food Market, By Distribution Channel, 2019-2031, (US$ BN)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Supermarkets/Hypermarkets
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Convenience Stores
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Specialty Stores
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Online Retail
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Frozen Food Market, By Region, 2019-2031, (US$ BN)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2019 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ BN)
- Market Size and Forecast, By Distribution Channel, 2019- 2031, (US$ BN)
- Market Size and Forecast, By Country, 2019- 2031, (US$ BN)
  - U.S.
  - Canada
  - Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ BN)
- Market Size and Forecast, By Distribution Channel, 2019- 2031, (US$ BN)
- Market Size and Forecast, By Country, 2019- 2031, (US$ BN)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2019 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ BN)
- Market Size and Forecast, By Distribution Channel, 2019- 2031, (US$ BN)
- Market Size and Forecast, By Country, 2019- 2031, (US$ BN)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
  - Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2019 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ BN)
- Market Size and Forecast, By Distribution Channel, 2019- 2031, (US$ BN)
- Market Size and Forecast, By Country, 2019- 2031, (US$ BN)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Middle East & Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2019 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ BN)
- Market Size and Forecast, By Distribution Channel, 2019- 2031, (US$ BN)
- Market Size and Forecast, By Country, 2019- 2031, (US$ BN)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- Ajinomoto Co., Inc.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Kellogg Company
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Conagra Brands, Inc.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Nestle SA
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- General Mills, Inc.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Kraft Heinz Company
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Unilever Group
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- McCain Foods Limited
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Nomad Foods Ltd.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- The Schwan Food Company
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Tyson Foods, Inc.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- JBS S.A.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Birds Eye Limited
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Hormel Foods Corporation
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Dr. Oetker GmbH
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Amy's Kitchen Inc.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Nichirei Corporation
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Findus Group
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Goya Foods Inc.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Pinnacle Foods Inc.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
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