What Has Been the Progress and Growth of the Frozen Food Market in Recent Years?
The frozen food market has seen considerable growth due to a variety of factors.
• The size of the frozen food market has seen robust expansion in the past few years. The market scale is set to increase from $238.45 billion in 2024 to $253.49 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.3%.
The expansion during the historical timeframe can be traced back to factors such as globalization and cross-cultural impacts, progression in brand loyalty and advertising initiatives, the appeal of convenience and time-saving products, alterations in consumer lifestyles, and novelty in product range.
What Are The Estimated Market Size And Expected Annual Growth Rates For Globa Frozen Food Market?
The frozen food market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the frozen food market is predicted to see significant expansion in the upcoming years, projected to reach $323.3 billion in 2029, with a compound annual growth rate (CAGR) of 6.3%.
This anticipated growth during the forecast period is linked to factors such as sustainable practices, an emphasis on ethnic and regional tastes, clear labelling and transparency, governmental health eating initiatives, and a growing demand for frozen snacks and appetizers. The forecasted period will likely see trends such as eco-friendly packaging, gourmet and superior frozen options, advancements in freezing technology, processing innovations, digital marketing strategies, and customization and personalization.
Which Key Drivers Are Propelling Th Frozen Food Market's Growth?
The expansion of the frozen food market is propelled by the consistent economic growth projected in numerous developed and developing nations. An upward trend in commodity prices, following a notable drop in the past, will further bolster market growth. Developed economies are anticipated to exhibit consistent growth within the prediction timeframe. Moreover, rising markets are projected to outpace the growth of developed markets slightly during the forecast period. For example, data from the World Bank indicated that China's GDP escalated to $17.94 trillion in 2022, up from $17.82 trillion in 2021. Besides, India's GDP witnessed an increment between 8% and 8.5% in 2022-2023, and 9.2% in 2021–2022. With steady economic growth, it is anticipated that investments in end-user markets will escalate, enhancing market growth throughout the projection period.
What Are The Key Segments Within The Global Frozen Food Market?
The frozen food market covered in this report is segmented –
1) By Type: Frozen Fruit, Juice, And Vegetable, Frozen Specialty Food
2) By User: Food Service Industry, Retail Users
3) By Distribution Channel: Super markets Or Hyper markets, Convenience Stores, E-Commerce, Other Distribution Channels
Subsegments:
1) By Frozen Fruit, Juice, And Vegetable: Frozen Fruits (Berries, Tropical Fruits, Stone Fruits), Frozen Vegetables (Mixed Vegetables, Single Vegetables like Peas Or Corn), Frozen Fruit Juices (Concentrated Juices, Purees)
2) By Frozen Specialty Food: Frozen Ready Meals (Frozen Entrees, Pizza), Frozen Snacks (Appetizers, Frozen Desserts), Frozen Breakfast Foods (Waffles, Pancakes, Breakfast Burritos)
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How Are New Trends Impacting The Size Of The Frozen Food Market?
Innovations being adopted by frozen food producers such as the Individual Quick Freezing (IQF) technology are enhancing the yield and quality of frozen foods. The IQF procedure involves the transportation of individual food items into a blast freezer through a conveyor belt, which allows each particle of food to freeze independently, unlike block or bulk freezing. This procedure increases the output by 1.5-3% and produces superior quality products with high nutritional content and minimal waste. Examples of foods that go through the IQF process range from fruits like blueberries, strawberries, and peaches, to vegetables such as corn, peas, and green beans. The global market for IQF vegetables is projected to hit the $2 billion mark by 2026, pointing to a substantial future demand for IQF processed foods.
Who Are the Key Players in the Frozen Food Market?
Major companies operating in the frozen food market include:
• Nippon Suisan Kaisha Ltd.
• Frosta Aktiengesellschaft
• Nestle S.A.
• Unilever PLC
• Tyson Foods Inc.
• The Kraft Heinz Company
• General Mills Inc.
• Alfa SA.B. de C.V.
• Kellogg's Company
• Conagra Brands Inc.
• McCain Foods Limited
• Ajinomoto Co. Inc.
• BRF S.A.
• J. R. Simplot Company
• Patterson Frozen Foods Inc.
• On-Cor Frozen Foods Inc.
• Paris Foods Corp.
• Lamb Weston Holdings Inc.
• Rich Products Corporation
• Nomad Foods Ltd.
• J&J Snack Foods Corp.
• Schwan's Company
• Wawona Frozen Foods Inc.
• Breyers
• Bellisio Foods Inc.
• Oregon Ice Cream Co. LLC
• Peak Foods Llc
• Nulaid Foods Inc.
• OLD FASHIONED KITCHEN INC.
• Italia Foods Inc.
• Jacmar DDC LLC
• ORC Foods Inc.
• Panhandle Foods Sales Inc.
• Amy's Kitchen Inc.
• Goya Foods Inc.
What are the Regional Insights into the Frozen Food Market?
Asia-Pacific was the largest region in the frozen food market in 2024. North America was the second-largest region in the frozen food market. The regions covered in the frozen food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
