Global Frozen Food Market (2024-2030) | Size, Trend, Analysis, Growth, Outlook

Latest 2023 Development of the Global Frozen Food Market

The global frozen food market is growing due to increasing demand for convenience food. With busy lifestyles, consumers are looking for quick and easy meal options, which has led to a rise in demand for frozen food products. Additionally, advancements in freezing and packaging technologies have made it possible to preserve the nutritional value, texture, and flavour of frozen food products for longer periods of time, making them more appealing to consumers. Moreover, manufacturers are constantly introducing new and innovative frozen food products, such as plant-based options, to cater to changing consumer preferences. Further, the growth of e-commerce has made it easier for consumers to access frozen food products, leading to an increase in sales through online channels. In addition, one of the major drivers of the frozen food market is the increasing demand for convenient and easy-to-prepare food products. Busy lifestyles and hectic schedules have made frozen foods a popular option for consumers who want to save time in the kitchen.

Topics Covered in the Global Frozen Food Market Report

Global Frozen Food Market report thoroughly covers the market by type, products, consumption, distribution and regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Global Frozen Food Market Synopsis

The global frozen food market has experienced substantial growth recently and is expected to continue expanding. Foods that are frozen, such as fruits, vegetables, meat, seafood, and ready-to-eat meals, are kept fresh by freezing them at or below -18 degrees Celsius. This technique of preservation helps meet the growing demand for quick-to-eat food options by preserving quality and prolonging shelf life.

According to 6Wresearch, Global Frozen Food Market size is expected to grow at a significant CAGR of 5.7% during 2024-2030. There are a number of variables driving the demand for frozen food, including the rise in health concerns and busy lives. Because they are easy to prepare, store, and manage portion sizes, frozen foods are popular among consumers who are pressed for time. A variety of dietary requirements and tastes are also addressed by them; thanks to sophisticated freezing techniques, frozen fruits and vegetables retain their nutritious worth. Further driving up demand for frozen food is the growing number of working women worldwide, who have increased their need for quick and simple meal alternatives. The need for time-saving solutions is increasing as more women enter the workforce, which is a major factor in the market's rise.

Furthermore, frozen meals are becoming more appealing due to technology developments in packaging and freezing. Consumers who value both quality and environmental effect are becoming more interested in frozen items because to innovations like better freezing procedures and sustainable packaging. These developments address issues with food waste and sustainability in addition to preserving nutritional value and extending shelf life. The worldwide frozen food market is predicted to grow even more as technology advances, catering to the shifting demands of customers and industry norms.

Although the worldwide frozen food business has room to grow, a number of obstacles stand in the way of its advancement. Preserving frozen food's nutritional content and quality during transit and storage is a top priority. The market acceptability of frozen foods is impacted by consumers' perceptions that they are less healthful than fresh produce. Another issue that manufacturers face is price fluctuations for raw materials, which have an impact on their profit margins. Market access and compliance may also be hampered by stringent and inconsistent labeling and packaging laws in various nations. The growing consciousness among consumers regarding preservatives and additives is driving a need for products with clean labels, posing an additional obstacle for producers to modify their products while satisfying changing customer demands.

Global Frozen Food Industry Key Players

Nestlé S.A., Conagra Brands Inc., General Mills Inc., The Kraft Heinz Company, Unilever plc, McCain Foods Limited, and Ajinomoto Co. Inc. are some of the major companies in the worldwide frozen food business. These businesses are making significant investments in R&D to launch cutting-edge frozen food items. They prioritize enhancing nutritional content, flavor, and quality in order to satisfy changing customer demands. These market leaders in the frozen food sector want to stay ahead of the competition and propel expansion in the worldwide frozen food market by utilizing cutting-edge technology and diversifying their product offerings.

Frozen Food Market Globally Government Initiatives and Policies

Through a number of initiatives, governments all around the world are actively encouraging people to consume healthy frozen food products. For example, the US government started the "ChooseMyPlate" campaign in 2016 to highlight the value of eating a diet rich in fruits and vegetables, even frozen ones. The goal of this program is to promote healthy eating practices and raise consumer awareness of nutrition. Comparably, governments in China and India have imposed strict regulations on food safety for frozen meals, which has raised customer demand for safe and certified frozen goods. These initiatives are in line with a global movement to raise awareness of better eating options and raise food safety regulations.

Furthermore, a lot of governments are helping the frozen food sector by funding infrastructure and research projects. The advancement of cold chain logistics, distribution network expansion, and freezing technology are the main goals of these initiatives. These kinds of programs not only guarantee the security and caliber of frozen meals, but they also make them more easily accessible to a wider range of consumers. Governments seek to address the growing demand for convenient and nutrient-dense frozen food options by promoting innovation and industry growth, which will further propel market expansion.

Future Insights of the Market

The growing inclination of consumers towards convenience and healthful food options is anticipated to propel the global frozen food market towards higher expansion in the upcoming years. Newer techniques for freezing food are being developed as technology develops, with the goal of preserving its nutritional value and quality. In addition, there is a growing trend in frozen food production to use "ugly" or malformed fruits and vegetables due to concerns about sustainability and minimizing food waste.
Moreover, the frozen food market's expansion has been significantly aided by the e-commerce sector. More people are ordering frozen items for home delivery as online grocery shopping gains popularity. It is anticipated that this tendency will persist, particularly given the growing need for contactless delivery due to the COVID-19 pandemic.

In conclusion, shifting consumer lifestyles and technological breakthroughs will likely fuel the global frozen food market's future expansion. In order to satisfy changing customer needs, businesses will need to innovate and adapt as governments prioritize promoting safe and healthful food options. To remain competitive in the market, businesses in this sector must, therefore, make investments in R&D, enhance the effectiveness of the supply chain, and uphold food safety regulations. In order to keep ahead of the competition in this dynamic market, businesses must continuously evaluate consumer preferences and adjust as necessary.

Market Segmentation by Types

According to Dhaval, Research Manager, 6Wresearch, the ready-to-eat and convenience food market is anticipated to expand rapidly as a result of consumers' hectic schedules and evolving lifestyles. Frozen ready-to-eat meals are becoming more and more popular as people look for quick and simple meal alternatives. In today's fast-paced society, this tendency illustrates the shift towards food choices that are driven by convenience.

Market Segmentation by Products

In the global frozen food industry, the ready-meal and convenience food segments are expected to experience substantial expansion. The need for frozen ready-to-eat options is rising due to busy lives and the desire for simple meal solutions. Technological developments in freezing have also improved food quality and shelf life, spurring additional expansion.

Market Segmentation by Consumption

The increased popularity of online grocery shopping and the expanding selection of frozen foods in supermarkets and convenience stores have propelled the retail sector to its dominant position in the frozen food market. This dominance is a reflection of the trend toward easier and more convenient food shopping options, which satisfies consumers' changing needs for readily available frozen meals.

Market Segmentation by Distribution

The increasing ubiquity of e-commerce platforms for grocery shopping is driving the segment's rapid expansion online. The convenience of buying frozen meals online is attracting more and more consumers, which is fueling the growth of the online market. This pattern is indicative of a larger move towards convenient and digital buying options.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Global Frozen Food Market Overview
• Global Frozen Food Market Outlook
• Global Frozen Food Market Forecast
• Historical Data of Global Frozen Food Market Revenues for the Period 2020-2030
• Global Frozen Food Market Size and Global Frozen Food Market Forecast of Revenues, Until 2030
• Historical Data of Global Frozen Food Market Revenues, by Products, for the Period 2020-2030
• Market Size & Forecast of Global Frozen Food Market Revenues, by Products, Until 2030
• Historical Data of Global Frozen Food Market Revenues, by Consumption, for the Period 2020-2030
• Market Size & Forecast of Global Frozen Food Market Revenues, by Consumption, Until 2030
• Historical Data of Global Frozen Food Market Revenues, By Types, for the Period 2020-2030
• Market Size & Forecast of Global Frozen Food Market Revenues, By Types, Until 2030
• Historical Data of Global Frozen Food Market Revenues, By Distribution, for the Period 2020-2030
• Market Size & Forecast of Global Frozen Food Market Revenues, By Distribution, Until 2030
• Historical Data of North America Frozen Food Market Revenues, for the Period 2020-2030
• Market Size & Forecast of North America Frozen Food Market Revenues, Until 2030
• Historical Data of Latin America Frozen Food Market Revenues, for the Period 2020-2030
• Market Size & Forecast of Latin America Frozen Food Market Revenues, Until 2030
• Historical Data of Europe Frozen Food Market Revenues, for the Period 2020-2030
• Market Size & Forecast of Europe Frozen Food Market Revenues, Until 2030
• Historical Data of the Asia Pacific Frozen Food Market Revenues, for the Period 2020-2030
• Market Size & Forecast of Asia Pacific Frozen Food Market Revenues, Until 2030
• Historical Data of the Middle East & Africa Frozen Food Market Revenues, for the Period 2020-2030
• Market Size & Forecast of the Middle East & Africa Frozen Food Market Revenues, Until 2030
• Market Drivers and Restraints
• Global Frozen Food Market Price Trends
• Global Frozen Food Market Trends and Consumption Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Global Frozen Food Market Share, By Players
• Global Frozen Food Market Share, By Regions
• Global Frozen Food Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Covered

The Global Frozen Food Market report provides a detailed analysis of the following market segments

By-Products

• Fruits and Vegetables
  • Frozen Fruits
  • Frozen Vegetables
• Dairy Products
• Bakery Products
  • Pieces of bread & Pizza Crusts
  • Others
• Meat and Seafood Products
• Convenience Food and Ready Meals
• Others

By Consumption

• Food Service
• Retail

By Types

• Raw Material
• Half Cooked
• Ready to Eat

By Distribution

• Online
• Offline

By Countries

• North America
• Latin America
• Europe
• Asia-Pacific
• Middle East & Africa