Frozen, Canned And Dried Food Market Definition And Segments
Frozen foods are defined as foods that are preserved by a freezing process and stored in a freezer at the required temperature before cooking. Canned foods are defined as foods that are processed and sealed in airtight containers for a longer shelf life by a food preservation method. Dried and dehydrated foods are defined as foods from which the most of the original water content has been removed using a food preservation process.
The main types of frozen, canned, and dried food are frozen food, canned food, and ambient food. Frozen food is food that is preserved in a frozen state from the time it is prepared to the time it is eaten. The main distribution channels are supermarkets and hypermarkets, convenience stores, e-commerce, and other distribution channels. The different users include foodservice industry users and retail users.
The frozen, canned and dried food market covered in this report is segmented –
1) By Type: Frozen Food, Canned And Ambient Food
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
3) By User: Food Service Industry, Retail Users
Subsegments Covered: Frozen Fruit, Juice, And Vegetable, Frozen Specialty Food, Fruit And Vegetable Canning, Specialty Canning, Dried And Dehydrated Food
The frozen, canned and dried food market size has grown strongly in recent years. It will grow from $456.88 billion in 2023 to $486.75 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to growth of globalization and trade, military and emergency food supplies, rise of convenience foods, health and nutrition considerations, economic factors and affordability, preservation of seasonal produce.
The frozen, canned and dried food market size is expected to see strong growth in the next few years. It will grow to $614.71 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to focus on natural and clean label products, sustainability practices, plant-based and alternative proteins, convenience and ready-to-eat options, preservative-free products. Major trends in the forecast period include innovations in flavor profiles, e-commerce and online retailing, convenience-focused innovation, technological advancements in food processing, customization and personalization.
Growing Demand For Organic Food Products
The increasing demand for local, sustainable, and organic food production is expected to positively impact the frozen, canned and dried food market during the forecast period. Organic food production, including organic frozen and fruit and vegetable markets, places a strong emphasis on consumer health, environmental protection, and animal welfare. Consumers are now becoming more concerned with how food is raised and prepared and are willing to pay a little more for something they recognize as healthy. For instance, in June 2022, the Organic Trade Association, a US-based trade association representing over 9,500 organic businesses, sales of organic fruits and vegetables increased by 4.5% with revenue of $21 billion representing 15% of the total product market in the year 2021 in the US. This growing demand for organic products offers considerable opportunities for frozen, canned and dried food market producers in both developed and developing countries, thus likely driving the market during the forecast period.
Growing Demand For Convenience Food Driving The Growth Of Frozen, Canned, And Dried Food Market
The growing demand for convenience food is expected to propel the growth of the frozen, canned, and dried food market. Convenience food refers to pre-packaged or processed food products that are quick and easy to prepare and require minimal cooking or effort, often designed for on-the-go or time-saving consumption. Consumers seek convenient meal options that require minimal preparation, making these preserved food categories a preferred choice for busy individuals and households. Moreover, the longer shelf life and ease of storage associated with these products further contribute to their increasing demand and market growth. For instance, in March 2022, according to the Food Export Association of the Midwest USA, a US-based non-profit organization, in 2021, U.S. exports of processed foods to India reached $259.7 million, marking a substantial increase of 70% compared to the previous year's figures. Therefore, the growing demand for convenience food is driving the growth of the frozen, canned and dried food market going forward.
Major companies operating in the frozen, canned and dried food market report are Nestle S.A., JBS S.A., Unilever PLC, Tyson Foods Inc., Abbott Laboratories, The Kraft Heinz Company, Toyo Suisan Kaisha Ltd., General Mills lnc., Kellogg Company, Hormel Foods Corporation, Conagra Brands Inc., The Hershey Company, Ajinomoto Co. Inc., The Campbell Soup Company, McCain Foods Limited, The J.M. Smucker Company, Nichirei Corporation, Birds Eye Foods Inc., Greenyard NV, Maruha Nichiro Corporation, Lamb Weston Holdings Inc., Pinnacle Foods Inc., Nomad Foods Ltd., The Schwan Food Company, Bonduelle SCA, Del Monte Pacific Limited, B&G Foods Inc., The Hain Celestial Group Inc., Seneca Foods Corporation, Dr. Oetker GmbH
Impact Of COVID-19 On The Frozen, Canned, And Dried Food Market
The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the frozen, canned and dried food markets in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Food and beverage manufacturers depend on the supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to a lack of raw materials. Also, restrictions on the trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the frozen and fruit & veg markets will recover from the shock across the forecast period as it is a black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy.
Revolutionizing Frozen Food Production With Iqf Technology
Frozen food manufacturers are using technologies such as individual quick freezing (IQF) to improve the yield and quality of frozen foods. The IQF method involves transferring the individual food items on a conveyor belt into a blast freezer that quickly freezes the items. With the IQF method, every individual piece of food is frozen separately, as opposed to bulk or block freezing. This method boosts yield by 1.5–3% and results in better quality products with high nutritional value and less wastage. Examples of IQF foods include fruits such as blueberries, strawberries, and peaches, and vegetables such as corn, peas, and green beans. The global IQF vegetable market is expected to reach $2 billion by 2026, thus indicating significant demand for IQF food products in the future.
Growing Interest In Plant-Based Diets.
Major companies operating in frozen, canned, and dried food markets are focused on developing plant-based food products to gain a competitive edge in the market. Plant-based products refer to items that are primarily made from plant-derived ingredients, excluding, or minimizing the use of animal-derived components. For instance, in August 2023, Nestlé S.A., a Switzerland-based food company launched shelf-stable plant-based products under the Maggi Veg brand. The new lineup includes their first-ever shelf-stable plant-based minced meat made from soy, offering a high-quality protein source and fiber. These products are a replacement for meat in popular dishes like tacos, empanadas, or spaghetti Bolognese, providing tasty and nutritious alternatives to meat. Additionally, Nestlé's new Maggi Veg range in Chile features a lentil, rice, and vegetable soup that is rich in protein and fiber, allowing consumers to customize their meals with additional ingredients.
Asia-Pacific was the largest region in the frozen, canned, and dried food market in 2023. Western Europe was the second-largest region in the frozen, canned, and dried food market. The regions covered in the frozen, canned and dried food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the frozen, canned and dried food market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The frozen, canned, and dried food market consists of sales of frozen fruit, frozen juices, frozen vegetables, canned, pickled, and dried fruits, vegetables, frozen specialty foods, frozen dinners, entrees, side dishes, pizza, whipped toppings, waffles, pancakes, French toast, and other frozen and fruit and vegetables. This market does not include unprocessed fruit and vegetables which are part of the agricultural market, meat products, ice creams and frozen desserts. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The frozen, canned, and dried food research report is one of a series of new reports from The Business Research Company that provides frozen, canned and dried food statistics, including frozen, canned and dried food industry global market size, regional shares, competitors with frozen and fruit and vegetable share, detailed frozen, canned and dried food segments, market trends and opportunities, and any further data you may need to thrive in the frozen, canned and dried food industry. This frozen, canned, and dried food research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.