Global Frozen Food Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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Global Frozen Food Market Overview:
“The global Frozen Food Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The report offers insightful and detailed information regarding the various key players operating in the global frozen food market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global frozen food market report has been segmented on the basis of type, end user, and region.
Food that has been subjected to rapid freezing and is kept frozen until used is referred to as frozen food. Frozen food can be stored up to 3 months from the date it was prepared.
Frozen vegetables are nutritionally more reliable than fresh vegetables, as freezing prevents sensitive vitamins and nutrients from being lost during transportation. Freezing increases shelf life of fruits and vegetables and allows the consumer to choose from a vast selection of seasonal ingredients all year round.
Rising preference for ready-to-eat food among the general population, and increasing adoption of frozen foods in defense and aerospace sectors are key factors driving growth of the global frozen food market.
In addition, rising demand from retailers and businesses such as hotels and restaurants especially from fast food retail chains such as McDonalds, Pizza Hut, White Castel, Burger King, etc. are major factors expected to boost growth of the global frozen food market over the forecast period.
However, frozen foods contain high amount of sodium and artificial preservatives to keep them fresh for longer period of time, which when consumed in excess are harmful for health. This is a key factor restraining growth of the global frozen food market.
Additionally, frozen food are processed before freezing which results in loss of essential vitamins, and increasing preference for fresh food and vegetables from the general population are major factors expected to hamper growth of the global frozen food market over the forecast period.
Europe is a dominant player in the global frozen food market and accounts for highest market share in terms of revenue as compared to that of markets in other regions.
This can be attributed busy life style, and rising demand from hotels and restaurants in countries in the region. The market in North America accounts for second-highest revenue share contribution to the global frozen food market followed by markets in Latin America, Asia Pacific, and Middle East & Africa respectively.
The market in Asia Pacific is projected to have fastest growth in terms of revenue, owing to increasing preference for ready-to-eat food, and busy life style in countries in the region.
Global Frozen Food Market Segmentation:
Global frozen food market segmentation by type:
- Fruits and vegetables
- Fish & meats
Global frozen food market segmentation by end-user:
Global frozen food segmentation by region:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Aryzta AG
- General Mills Inc.
- Kraft Foods Group Inc.
- Ajinomoto Co. Inc.
- Cargill Incorporated
- Europastry S.A.
- Kellogg Company
- Unilever Plc
- Flower Foods
- Allens, Inc.
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