PUBLISHER: Polaris Market Research | PRODUCT CODE: 1652017
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1652017
The global frozen food market size is expected to reach USD 340.38 billion by 2034, according to a new study by Polaris Market Research. The report "Frozen Food Market Size, Share, Trends, Industry Analysis Report: By Product, Freezing Technology (Individual Quick Freezing (IQF), Blast Freezing, and Belt Freezing), Distribution Channel, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The frozen food market is dynamic and rapidly growing due to evolving consumer lifestyles, technological advancements in food preservation, and an increasing preference for convenience. Frozen foods encompass a wide range of products, including ready-to-eat meals, fruits, vegetables, seafood, meat, and bakery products, catering to both retail and food service sectors. This market has experienced substantial growth due to urbanization, the rise of dual-income households, and a growing awareness of nutritional value and food safety standards.
The increasing pace of life has made convenience vital for consumers, significantly boosting the demand for frozen food products. Urbanization and the proliferation of working professionals have reduced the time available for meal preparation, leading to a preference for frozen food options. These products are easy to store, have a longer shelf life, and are more economical than fresh alternatives, making them an attractive choice for modern consumers. Additionally, advancements in freezing technology, such as individually quick freezing (IQF) and cryogenic freezing, have enhanced the quality and taste of frozen food, further driving its popularity.
In terms of distribution channels, the online stores segment is projected to grow at a rapid pace during the forecast period, owing to the rising digitalization and e-commerce adoption.
Based on freezing technology, the individual quick freezing (IQF) segment held the largest frozen food market share in 2024 due to its superior ability to preserve the quality, texture, and nutritional value of food products.
In the global market, the frozen food market in North America held the highest revenue share in 2024 due to strong consumer demand, well-established retail infrastructure, and advanced cold chain logistics.
Asia Pacific frozen food market is expected to witness a significant CAGR over the forecast period due to rapid urbanization, an expanding middle class, and evolving consumer preferences.
Some of the global key market players are Unilever; Nestle S.A.; General Mills, Inc.; Nomad Foods Ltd.; Tyson Foods Inc.; Conagra Brands Inc.; Wawona Frozen Foods; Bellisio Parent, LLC; The Kellogg Company; and The Kraft Heinz Company.
Polaris Market Research has segmented the frozen food market report based on product, freezing technology, distribution channel, and region: