Market Overview 2023-2028:

The global frozen food market is expected to exhibit a growth rate (CAGR) of 4.2% during 2023-2028.

Frozen food products are edible items preserved at lower temperatures and stored in refrigerators for further use. They include vegetables, fruits, edible roots, ready-to-eat (RTE) meals, beverages, seafood, meat products, bakery, snacks, and desserts. They are easy to prepare, retain nutritional content, and help save time and money as they can be stored for an extended period. Besides this, they support environmental health and minimize food wastage during farming, transportation, and preparation. As a result, the demand for frozen food products is driving across the globe.

Frozen Food Market Trends:

The increasing working population and fast-paced lifestyle of individuals represent one of the key factors positively influencing the market. In addition, significant growth in the food and beverage (F&B) industry, along with the rising consumption of RTE and processed foods and beverages, is catalyzing the demand for frozen food worldwide. Apart from this, the expansion of hotels, restaurants, cafes, and cloud kitchens is driving the need for frozen foods to save cooking time and prepare novel dishes with freshly preserved ingredients. In line with this, the escalating demand for vegan frozen food products is offering lucrative growth opportunities to manufacturers. Furthermore, the rising focus of leading market players on marketing strategies, which include attractive packaging solutions, celebrity endorsements, and promotional activities through social media platforms, is creating a positive market outlook. Moreover, the rising number of online food retail channels and increasing consumer reliance on smartphones, laptops, and personal computers (PCs) are propelling market growth. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global frozen food market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, frozen vegetable snacks, frozen meat products, frozen vegetables and frozen fruits.

Breakup by Product Type:

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

Based on the product type, the market has been segmented into frozen vegetable snacks, meat products, and vegetables and fruits.

Frozen Vegetable Snacks Breakup by Type:

• French Fries
• Bites, Wedges and Smileys
• Aloo Tikki
• Nuggets
• Others

On the basis of the type, the frozen vegetable snacks market has been classified into French fries, bites, wedges, and smileys, aloo tikki, nuggets, and others.

Frozen Meat Products Breakup by Type:

• Chicken
• Fish
• Pork
• Mutton
• Others

Based on type, the frozen meat products market has been segregated into chicken, fish, pork, mutton, and others.

Frozen Vegetables Breakup by Type:

• Green Peas
• Corn
• Mixed Vegetables
• Carrot
• Cauliflower
• Others

On the basis of the type, the frozen vegetables market has been divided into green peas, corn, mixed vegetables, carrot, cauliflower, and others.

Frozen Fruits Breakup by Type:

• Strawberries
• Berries (Raspberries, Blueberries and Blackberries)
• Cherries
• Others

Based on the type, the market has been segmented into strawberries, berries (raspberries, blueberries and blackberries), cherries, and 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

On the geographical front, the market has been divided into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa.

Competitive Landscape:

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.

Report Coverage:

Key Questions Answered in This Report:

• How has the global frozen food market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global frozen food market?
• What are the key regional markets?
• What is the breakup of the market based on the product type?
• What is the breakup of the market based on the frozen vegetable snacks?
• What is the breakup of the market based on the frozen meat products?
• What is the breakup of the market based on the frozen vegetables?
• What is the breakup of the market based on the frozen fruits?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global frozen food market and who are the key players?
• What is the degree of competition in the industry?