Frozen Food Market Analysis, Growth, Demand, Trends and Forecast Till 2028

IMARC Group, a leading market research company, has recently releases report titled “Frozen Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global frozen food market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the frozen food market?

The global frozen food market size reached US$ 242.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 312.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.

What is frozen food?

Frozen food refers to products that have been subjected to a freezing process, which preserves them for extended periods. This preservation method retains the nutritional content, flavor, and texture of the food by slowing down the enzymatic activity that leads to spoilage. Characteristics of frozen food include its long shelf life, convenience, and ability to lock in freshness. These qualities are a result of the quick freezing process, often achieved through techniques like blast freezing or cryogenic freezing, which minimizes the formation of large ice crystals and preserves the food's cellular structure. The features of frozen food extend to a wide variety of products, from fruits and vegetables to meats and prepared meals. Consumers appreciate the ease of preparation and the accessibility of out-of-season or exotic ingredients. Moreover, frozen food adheres to strict safety standards, ensuring that the products are free from harmful bacteria when properly stored and cooked. The demand for frozen food continues to grow due to its alignment with modern lifestyles, offering a practical solution for meal planning without sacrificing nutritional quality. Its convenience, diversity, and focus on quality preservation contribute to its status as an essential category within the global food industry.

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What are the growth prospects and trends in the frozen food industry?

The escalating consumer desire for convenience, variety, and quality in food choices is a driving force elevating the growth of the frozen food market across the globe. Parallel to this movement, frozen food is acknowledged for its vital function in preserving nutritional value, extending shelf life, and ensuring year-round availability of seasonal ingredients, all of which significantly contribute to market dynamics. Beyond this, advancements in freezing technologies, packaging innovations, and supply chain efficiency have ushered in a new era of frozen food, marked by taste retention, nutrient preservation, and global accessibility, thereby enhancing market potential. The demand for diverse and quality frozen food products from families, working professionals, and health-conscious consumers is propelling market development at an impressive pace. Compliance with international standards and regulations regarding food safety, sustainable practices, and nutritional disclosure further solidifies the market landscape. Strategic alignment between global consumer behavior, culinary trends, and regulatory environments is nurturing a favorable platform for the expansion and transformation of the frozen food market. Interventions by governments, food authorities, and environmental organizations to promote responsible consumption, transparent labeling, and energy-efficient technologies are significant in shaping market trends and future prospects. Contributory elements such as cross-sector collaboration, targeted investment in R&D, and the rise of niche companies focused on crafting and distributing top-tier frozen food items are accentuating market vitality. The fusion of flavor, health considerations, and consumer convenience within frozen food is a complex and multifaceted subject, extending beyond mere food preservation. The alignment of culinary traditions, technological advancements, and societal needs is converging to redefine the very essence of frozen food. The persistent pursuit of gastronomic delight, nutritional balance, and environmental sustainability is intricately woven into the fabric of this dynamic market.

Who are the key players operating in the industry?

The report covers the major market players including:

• 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

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product Type:

• Frozen Vegetable Snacks
• Frozen Meat Products
• Frozen Vegetables and Fruits

Breakup by Frozen Vegetable Snacks Type:

·         French Fries

·         Bites, Wedges and Smileys

·         Aloo Tikki

·         Nuggets

·         Others

Breakup by Frozen Meat Products Type:

·         Chicken

·         Fish

·         Pork

·         Mutton

·         Others

Breakup by Frozen Vegetables Type:

·         Green Peas

·         Corn

·         Mixed Vegetables

·         Carrot

·         Cauliflower

·         Others

Breakup by Frozen Fruits Type Insights:

·         Strawberries

·         Berries (Raspberries, Blueberries and Blackberries)

·         Cherries

·         Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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IMARC Group’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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