The global frozen food market grew at a CAGR of around 5% during 2015-2020. Frozen food products are food products that are processed and preserved at acute cold temperatures and then stored in freezers for later use. They include fruits, vegetables, edible roots, ready-to-eat meals, seafood and meat-based products. Freezing of foods is a natural form of preservation that retains the nutrients for extended periods. Consumers are also able to choose from a wide variety of seasonal products all year round irrespective of their natural availability. Moreover, these products aid in reducing food wastage as consumers only use the required quantity.
Significant growth in the food and beverage industry is one of the key factors creating a positive outlook for the market. In addition to this, shifting consumer inclination toward ready-to-eat (RTE) and convenience food products is providing a thrust to the market growth. Due to the busy schedules and hectic lifestyles of the working populace, there is a rising demand for foods that require negligible cooking at home and can be prepared any time with ease. Furthermore, hotels, cafes and restaurants are widely using frozen foods to reduce the overall cooking time and prepare novel dishes using high-quality exotic ingredients. Product manufacturers are using attractive and sustainable packaging solutions with aggressive promotional activities through social media platforms to attract a wider consumer base, which is also contributing to the growth of the market. Other factors, including rising expenditure capacities of the consumers, along with increase in the number of online food retail platforms, are anticipated to drive the market further. Looking forward, IMARC Group expects the global frozen food market to exhibit moderate growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global frozen food market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product type, frozen vegetable snacks, frozen meat products, frozen vegetables and frozen fruits.
Breakup by Product Type:
Frozen Vegetable Snacks Breakup by Type:
Frozen Meat Products Breakup by Type:
Frozen Vegetables Breakup by Type:
Frozen Fruits Breakup by Type:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and Wawona Frozen Foods.
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