IMARC Group has recently released a new research study titled “Frozen Food Market Report by Product Type (Frozen Vegetable Snacks, Frozen Meat Products, Frozen Vegetables and Fruits), Frozen Vegetable Snacks Type (French Fries, Bites, Wedges and Smileys, Aloo Tikki, Nuggets, and Others), Frozen Meat Products Type (Chicken, Fish, Pork, Mutton, and Others), Frozen Vegetables Type (Green Peas, Corn, Mixed Vegetables, Carrot, Cauliflower, and Others), Frozen Fruits Type (Strawberries, Berries (Raspberries, Blueberries and Blackberries), Cherries, and Others), and Region 2024-2032”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

The global frozen food market size reached US$ 252.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 352.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.74% during 2024-2032.

Global Frozen Food Market Trends:

The rising popularity of ethnic and gourmet frozen foods, which cater to consumers' adventurous palates and desire for diverse culinary experiences, is acting as a growth-inducing factor.

Moreover, the growing multicultural populations in various regions and the expanding middle class with disposable incomes that are willing to explore new flavours are fueling the market growth. Besides this, the heightened adoption of plant-based and meat-substitute frozen products, driven by the increasing number of vegetarians, vegans, and flexitarians, is contributing to the market growth.

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Factors Affecting the Growth of the Frozen Food Industry:

·         Increasing Demand for Convenient Meal Solutions:

The rising prevalence of the modern lifestyle, which is characterized by a hectic schedule and an emphasis on convenience, is a major driver boosting the market growth. In line with this, the increasing consumer demand for quick and easy meal options that require minimal preparation time is acting as a growth-inducing factor. Besides this, the rising ability to store frozen food products for extended periods without spoilage is enhancing the market growth. 

Along with this, the development of microwaveable and ready-to-eat (RTE) frozen meals, allowing consumers to enjoy a variety of cuisines with minimal effort, is fueling the market growth. 

·         Rapid Advancements in Freezing Technologies and Packaging:

The rising innovations such as flash freezing and cryogenic freezing that improve the quality and shelf life of frozen products by preserving their nutritional value, texture, and flavor are bolstering the market growth. These advancements ensure that frozen foods can compete with fresh alternatives in terms of taste and health benefits. 

Moreover, rapid improvements in packaging materials and techniques that enhance the protection of frozen foods from freezer burn and contamination, thereby maintaining their quality over extended storage periods, are anticipated to drive the market growth. Besides this, the heightened focus on environmentally friendly packaging solutions, which address growing consumer concerns about sustainability, is catalyzing the market growth. 

·         Growing Health and Wellness Trends:

The rising awareness of health and wellness among consumers is another key factor driving the market growth. 

Moreover, the increasing knowledge about the importance of a balanced diet, prompting consumers to seek healthier food options that fit their busy lifestyles, is favoring the market growth. In line with this, the introduction of a variety of nutritious products, including organic, gluten-free, low-calorie, and plant-based options that cater to health-conscious consumers who are looking for convenient meal solutions without compromising on their dietary preferences, is broadening the market growth. 

Additionally, the availability of detailed nutritional information on packaging as it helps consumers make informed choices, is stimulating the market growth.

Frozen Food Market Report Segmentation:

By Product Type:

·         Frozen Vegetable Snacks

·         Frozen Meat Products

·         Frozen Vegetables and Fruits

Frozen meat products represented the largest segment as they offer a long shelf life and are essential staples for many households.

By Frozen Vegetable Snacks Type:

·         French Fries

·         Bites, Wedges and Smileys

·         Aloo Tikki

·         Nuggets

·         Others

Based on the frozen vegetable snacks type, the market has been segmented into French fries, bites, wedges and smileys, aloo tikki, nuggets, and others.

By Frozen Meat Products Type:

·         Chicken

·         Fish

·         Pork

·         Mutton

·         Others

On the basis of frozen meat products types, the market has been classified into chicken, fish, pork, mutton, and others.

By Frozen Vegetables Type:

·         Green Peas

·         Corn

·         Mixed Vegetables

·         Carrot

·         Cauliflower

·         Others

On the basis of frozen vegetables types, the market has been divided into green peas, corn, mixed vegetables, carrot, cauliflower, and others.

By Frozen Fruits Type:

·         Strawberries

·         Berries (Raspberries, Blueberries, Blackberries)

·         Cherries

·         Others

Based on the frozen fruits type, the market has been segmented into strawberries, berries (raspberries, blueberries and blackberries), cherries, and others.

Regional Insights:

·         North America

·         Asia Pacific

·         Europe

·         Latin America

·         Middle East and Africa

Europe’s dominance in the frozen food market is attributed to strong consumer base, high purchasing power, and established retail infrastructure.

Competitive Landscape with Key Players:

The competitive landscape of the frozen food market size has been studied in the report with the detailed profiles of the key players operating in the market.

Some of These Key Players Include:

·         Ajinomoto Co. Inc.

·         Aryzta A.G.

·         Associated British Foods plc

·         Bellisio Foods Inc. (Charoen Pokphand Foods)

·         Cargill Incorporated

·         Conagra Brands Inc.

·         General Mills Inc.

·         The Kraft Heinz Company

·         JBS S.A.

·         Jeanie Marshal Foods Ltd

·         Kellogg Company

·         McCain Foods Limited

·         Nestlé S.A.

·         Wawona Frozen Foods

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Key Highlights of the Report:

·         Market Performance (2018-2023)

·         Market Outlook (2024-2032)

·         Market Trends

·         Market Drivers and Success Factors

·         Impact of COVID-19

·         Value Chain Analysis

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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