The frozen food industry includes establishments manufacturing frozen fruits, juices, vegetables, and frozen specialty foods. This market does not cover meat products.
The top five companies covered are Tyson Foods, Inc., Nestle SA, Conagra Brands, Kraft Heinz and General Mills, Inc. Tyson Foods was the largest company in the frozen food market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Frozen Food Global Market Size
The global frozen food market was valued at around $195 billion in 2017. Western Europe was the largest region in the frozen food market in 2017, accounting for under 37% market share. The USA was the largest country in the market in 2017, accounting for under 19% market share.
Frozen Food Global Market Trend
Frozen food manufacturers are using technologies such as individual quick freezing (IQF) to improve 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 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.
Frozen Food Global Market Segmentation
The frozen food market is segmented into Frozen Fruit Juice And Vegetable Manufacturing and Frozen Specialty Food Manufacturing.
Frozen Fruit Juice And Vegetable Manufacturing segment includes companies offering frozen fruits, frozen vegetables, and frozen fruit juices, drinks, cocktail mixes and concentrates.
Frozen Specialty Food Manufacturing segment includes companies offering frozen specialty foods such as frozen dinners, entrees and side dishes, frozen pizza, frozen whipped toppings and frozen waffles, pancakes and French toast.