Frozen Foods Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the global Frozen Foods Market, providing an in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report offers a detailed understanding of the market landscape, helping stakeholders make well-informed decisions.

Key Insights:

Frozen Foods Market Size (2024E): US$295.3 Bn
Projected Market Value (2031F): US$425.5 Bn
Global Market Growth Rate (CAGR 2024 to 2031): 5.4%

Frozen Foods Market - Report Scope:

The Frozen Foods market encompasses a variety of food products that are preserved by freezing, which includes vegetables, fruits, ready meals, meat, seafood, and desserts. The market is driven by the increasing consumer demand for convenient meal options, rising awareness of food preservation techniques, and the growing trend of on-the-go lifestyles. Frozen foods offer the advantage of extended shelf life and easy preparation, aligning with the busy schedules of modern consumers.

Market Growth Drivers:

Several key factors are propelling the growth of the global Frozen Foods market, including the rising demand for convenient and ready-to-eat meals, an increase in the working population, and the expansion of retail channels. The growing popularity of frozen fruits and vegetables, attributed to their nutritional value and convenience, is further driving market growth. Additionally, advancements in freezing technologies and packaging solutions are enhancing product quality and extending shelf life, making frozen foods more appealing to consumers.

Market Restraints:

Despite its growth potential, the Frozen Foods market faces challenges such as concerns regarding the nutritional quality of frozen products and the high energy costs associated with freezing and storage. Additionally, fluctuating prices of raw materials and competition from fresh and organic food alternatives may hinder market growth. Consumer perceptions about the quality and freshness of frozen foods compared to fresh products can also act as a restraint.

Market Opportunities:

The Frozen Foods market presents significant growth opportunities driven by innovations in product offerings and the increasing demand for health-conscious options. The rising trend of plant-based frozen foods and the introduction of clean label products are creating new avenues for market expansion. Moreover, the growth of e-commerce and online grocery shopping is expected to enhance market reach and accessibility. Strategic partnerships with food retailers, food service providers, and distributors will be crucial for companies aiming to leverage these opportunities.

Key Questions Answered in the Report:

What are the primary factors driving the global growth of the Frozen Foods market?
Which segments within the Frozen Foods market are experiencing the highest demand?
How are technological advancements influencing the production and distribution of frozen foods?
Who are the key players in the Frozen Foods market, and what strategies are they employing to maintain their competitive advantage?
What are the emerging trends and future prospects in the global Frozen Foods market?

Competitive Intelligence and Business Strategy:

Leading companies in the global Frozen Foods market, such as Nestle S.A., Conagra Brands, Inc., and Unilever, are focusing on innovation, product diversification, and strategic partnerships to maintain a competitive edge. These companies are investing in the development of healthier frozen meal options, expanding their product lines, and enhancing distribution networks to meet evolving consumer preferences. Collaborations with retailers, restaurants, and industry stakeholders are essential for increasing market reach and driving adoption. Emphasizing sustainability, quality assurance, and transparency are key strategies for sustaining leadership in the rapidly evolving Frozen Foods market.

Key Companies Profiled:

Ajinomoto Co., Inc.
Arytza AG
Associated British Foods Plc
Cargill, Incorporated
Conagra Brands
General Mills Inc.
JBS Brazil
Kellogg's Company
McCain Foods
Nestle S.A.
The Kraft Heinz Company
Others

Frozen Foods Industry Research by Category:

By Product Type

Ready Meals
Fish/Seafood
Meat
Dairy Products
Fruits & Vegetables
Pizza & Pasta
Bakery products

By Nature

Organic
Conventional

By Region

North America
Latin America
Europe
East Asia
South Asia & Pacific
The Middle East & Africa

Product Code: PMRREP3374

1. Executive Summary

1.1. Global Frozen Foods Market Snapshot, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Industry Developments and Key Market Events
1.6. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Frozen Foods Market: Value Chain
- 2.3.1. List of key players
2.4. Forecast Factors - Relevance and Impact
2.5. Covid-19 Impact Assessment
2.6. PESTLE Analysis
2.7. Porter Five Force's Analysis

3. Price Trend Analysis, 2019-2031

3.1. Key Factors Impacting Prices
3.2. Prices by Product Type

4. Global Frozen Foods Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

4.1. Market Size (US$ Bn) Analysis and Forecast
- 4.1.1. Historical Market Size Analysis, 2019-2023
- 4.1.2. Current Market Size Forecast, 2024-2031
4.2. Global Frozen Foods Market Outlook: Product Type
- 4.2.1. Historical Market Size (US$ Bn) Analysis By Product Type, 2019-2023
- 4.2.2. Current Market Size (US$ Bn) Forecast By Product Type, 2024-2031
  - 4.2.2.1. Ready Meals
  - 4.2.2.2. Fish/Seafood
  - 4.2.2.3. Meat
  - 4.2.2.4. Dairy Products
  - 4.2.2.5. Fruits & Vegetables
  - 4.2.2.6. Pizza & Pasta
  - 4.2.2.7. Bakery products
- 4.2.3. Market Attractiveness Analysis: Product Type
4.3. Global Frozen Foods Market Outlook: Nature
- 4.3.1. Historical Market Size (US$ Bn) Analysis By Nature, 2019-2023
- 4.3.2. Current Market Size (US$ Bn) Forecast By Nature, 2024-2031
  - 4.3.2.1. Organic
  - 4.3.2.2. Conventional
- 4.3.3. Market Attractiveness Analysis: Nature

5. Global Frozen Foods Market Outlook: Region

5.1. Historical Market Size (US$ Bn) Analysis By Region, 2019-2023
5.2. Current Market Size (US$ Bn) Forecast By Region, 2024-2031
- 5.2.1. North America
- 5.2.2. Europe
- 5.2.3. East Asia
- 5.2.4. South Asia and Oceania
- 5.2.5. Latin America
- 5.2.6. Middle East & Africa
5.3. Market Attractiveness Analysis: Region

6. North America Frozen Foods Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

6.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 6.1.1. By Country
- 6.1.2. By Product Type
- 6.1.3. By Nature
6.2. Current Market Size (US$ Bn) Forecast By Country, 2024-2031
- 6.2.1. U.S.
- 6.2.2. Canada
6.3. Current Market Size (US$ Bn) Forecast By Product Type, 2024-2031
- 6.3.1. Ready Meals
- 6.3.2. Fish/Seafood
- 6.3.3. Meat
- 6.3.4. Dairy Products
- 6.3.5. Fruits & Vegetables
- 6.3.6. Pizza & Pasta
- 6.3.7. Bakery products
6.4. Current Market Size (US$ Bn) Forecast By Nature, 2024-2031
- 6.4.1. Organic
- 6.4.2. Conventional
6.5. Market Attractiveness Analysis

7. Europe Frozen Foods Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

7.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 7.1.1. By Country
- 7.1.2. By Product Type
- 7.1.3. By Nature
7.2. Current Market Size (US$ Bn) Forecast By Country, 2024-2031
- 7.2.1. Germany
- 7.2.2. France
- 7.2.3. U.K.
- 7.2.4. Italy
- 7.2.5. Spain
- 7.2.6. Russia
7.3. Current Market Size (US$ Bn) Forecast By Product Type, 2024-2031
- 7.3.1. Ready Meals
- 7.3.2. Fish/Seafood
- 7.3.3. Meat
- 7.3.4. Dairy Products
- 7.3.5. Fruits & Vegetables
- 7.3.6. Pizza & Pasta
- 7.3.7. Bakery products
7.4. Current Market Size (US$ Bn) Forecast By Nature, 2024-2031
- 7.4.1. Organic
- 7.4.2. Conventional
7.5. Market Attractiveness Analysis

8. East Asia Frozen Foods Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

8.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 8.1.1. By Country
- 8.1.2. By Product Type
- 8.1.3. By Nature
8.2. Current Market Size (US$ Bn) Forecast By Country, 2024-2031
- 8.2.1. China
- 8.2.2. Japan
- 8.2.3. South Korea
8.3. Current Market Size (US$ Bn) Forecast By Product Type, 2024-2031
- 8.3.1. Ready Meals
- 8.3.2. Fish/Seafood
- 8.3.3. Meat
- 8.3.4. Dairy Products
- 8.3.5. Fruits & Vegetables
- 8.3.6. Pizza & Pasta
- 8.3.7. Bakery products
8.4. Current Market Size (US$ Bn) Forecast By Nature, 2024-2031
- 8.4.1. Organic
- 8.4.2. Conventional
8.5. Market Attractiveness Analysis

9. South Asia & Oceania Frozen Foods Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

9.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 9.1.1. By Country
- 9.1.2. By Product Type
- 9.1.3. By Nature
9.2. Current Market Size (US$ Bn) Forecast By Country, 2024-2031
- 9.2.1. India
- 9.2.2. Southeast Asia
- 9.2.3. ANZ
- 9.2.4. Rest of South Asia & Oceania
9.3. Current Market Size (US$ Bn) Forecast By Product Type, 2024-2031
- 9.3.1. Ready Meals
- 9.3.2. Fish/Seafood
- 9.3.3. Meat
- 9.3.4. Dairy Products
- 9.3.5. Fruits & Vegetables
- 9.3.6. Pizza & Pasta
- 9.3.7. Bakery products
9.4. Current Market Size (US$ Bn) Forecast By Nature, 2024-2031
- 9.4.1. Organic
- 9.4.2. Conventional
9.5. Market Attractiveness Analysis

10. Latin America Frozen Foods Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

10.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 10.1.1. By Country
- 10.1.2. By Product Type
- 10.1.3. By Nature
10.2. Current Market Size (US$ Bn) Forecast By Country, 2024-2031
- 10.2.1. Brazil
- 10.2.2. Mexico
10.3. Current Market Size (US$ Bn) Forecast By Product Type, 2024-2031
- 10.3.1. Ready Meals
- 10.3.2. Fish/Seafood
- 10.3.3. Meat
- 10.3.4. Dairy Products
- 10.3.5. Fruits & Vegetables
- 10.3.6. Pizza & Pasta
- 10.3.7. Bakery products
10.4. Current Market Size (US$ Bn) Forecast By Nature, 2024-2031
- 10.4.1. Organic
- 10.4.2. Conventional
10.5. Market Attractiveness Analysis

11. Middle East & Africa Frozen Foods Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

11.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 11.1.1. By Country
- 11.1.2. By Product Type
- 11.1.3. By Nature
11.2. Current Market Size (US$ Bn) Forecast By Country, 2024-2031
- 11.2.1. GCC
- 11.2.2. South Africa
- 11.2.3. Northern Africa
11.3. Current Market Size (US$ Bn) Forecast By Product Type, 2024-2031
- 11.3.1. Ready Meals
- 11.3.2. Fish/Seafood
- 11.3.3. Meat
- 11.3.4. Dairy Products
- 11.3.5. Fruits & Vegetables
- 11.3.6. Pizza & Pasta
- 11.3.7. Bakery products
11.4. Current Market Size (US$ Bn) Forecast By Nature, 2024-2031
- 11.4.1. Organic
- 11.4.2. Conventional
11.5. Market Attractiveness Analysis

12. Competition Landscape

12.1. Market Share Analysis, 2024
12.2. Market Structure
- 12.2.1. Competition Intensity Mapping By Market
- 12.2.2. Competition Dashboard
- 12.2.3. Tier Structure Analysis
- 12.2.4. Regional Presence Analysis
12.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 12.3.1. Ajinomoto Co., Inc.
  - 12.3.1.1. Overview
  - 12.3.1.2. Segments and Product Types
  - 12.3.1.3. Key Financials
  - 12.3.1.4. Market Developments
  - 12.3.1.5. Market Strategy
- 12.3.2. Arytza AG
- 12.3.3. Associated British Foods Plc
- 12.3.4. Cargill, Incorporated
- 12.3.5. Conagra Brands
- 12.3.6. General Mills Inc.
- 12.3.7. JBS Brazil
- 12.3.8. Kellogg's Company
- 12.3.9. McCain Foods
- 12.3.10. Nestle S.A.
- 12.3.11. The Kraft Heinz Company
- 12.3.12. Others

13. Appendix

13.1. Research Methodology
13.2. Research Assumptions
13.3. Acronyms and Abbreviations