Frozen Food Market size in Europe to grow at a CAGR of 6.8% from 2022 to 2027, Driven by growing inclination toward e-commerce - Technavio

NEW YORK, April 25, 2023 /PRNewswire/ -- The frozen food market size in Europe is set to grow by USD 48.81 billion from 2022 and 2027. The market is estimated to register progress at a CAGR of 6.8%, according Technavio's latest market research report. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Technavio offers in-depth market insights that help global businesses obtain growth opportunities. Read Sample Report

The report also covers the following areas:

• Frozen Food Market in Europe size
• Frozen Food Market in Europe trends
• Frozen Food Market in Europe industry analysis

Frozen Food Market in Europe 2023-2027: Segmentation

The frozen food market in Europe is segmented as follows:

• Distribution Channel 
• Offline
• Online
• Product 
• Frozen Ready Meals
• Frozen Fish And Seafood
• Frozen Meat And Poultry
• Frozen Fruits And Vegetables
• Others

The market share growth of the offline segment will be significant for the overall market growth during the forecast period. There has been a premiumization of the frozen food market in Europe, with consumers willing to pay more for premium, all-natural, and organic frozen food products. Offline stores in Europe such as supermarkets and hypermarkets have increased the selection of premium frozen food items they offer, such as premium ready meals, organic frozen fruits and vegetables, and premium meat and seafood as a response to that demand. Hence, such factors influence the growth of the forecast period. 

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Frozen Food Market in Europe 2023-2027: Vendor Analysis and Scope

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Some of the major vendors of the frozen food market in Europe include Ajinomoto Co. Inc., Aryzta AG, Associated British Foods Plc, BRF SA, Cargill Inc., CONGELADOS CIENTOCINCO, S.L., Dr. August Oetker KG, FRoSTA AG, General Mills Inc., Iceland Foods Ltd., JBS SA, McCain Foods Ltd., Nestle SA, Nomad Foods Ltd, Orkla ASA, The Kraft Heinz Co., Tyson Foods Inc., ULTRACONGELADOS VIRTO, SAU, WH Group Ltd., and William Jackson Food Group Ltd.. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 15+ vendors operating in the market.

Vendor Offerings

• Aryzta AG - The company offers frozen food through its brand Cuisine de France.
• BRF SA - The company offers frozen food such as frozen ready meals.
• Cargill Inc. - The company offers frozen food such as frozen ready meals.

The frozen food market in Europe is fragmented, and the degree of fragmentation will accelerate. The growing inclination toward e-commerce will offer immense growth opportunities. However, the Distribution challenges will hamper the market growth.

Frozen Food Market in Europe 2023-2027: Market Dynamics

Key Drivers

• The growing inclination toward e-commerce is a major driver in the market.
• The market in Europe is significantly impacted by the expansion of e-commerce with online retailers exploiting their broad digital capabilities to offer a wider assortment of frozen food products. They also transport them directly to consumers' homes in order to make it simpler for customers to acquire and obtain these products.
• Customers increasingly use online stores to buy a variety of goods, including frozen foods, as a result of the increased use of smartphones and the internet. 
• Some more driving factors include the convenience of home delivery, the simplicity of online ordering, and the availability of real-time order tracking.
• Hence, such factors drive market growth for frozen food in Europe during the forecast period.

Major Trends

• Technological innovations in the frozen food market are an emerging frozen food market trend in Europe during the forecast period. 
• Frozen food suppliers employ a variety of tactics to gain a competitive edge in the world market such as attempting to increase the frozen food industry's quality and shelf life.
• Vendors prevent the loss of nutrients in frozen foods using innovative pouch packaging. For instance, in 2019, UFlex designed a new film that can control the amount of oxygen and carbon dioxide that flow in and out of a package. Such innovative feature helps in extending the shelf life of products.
• Hence, the increasing availability of such innovative packaging solutions may encourage more vendors to offer innovative packaging, thereby reducing the use of plastic packaging.

Key Challenges

• Health risks associated with the consumption of frozen ready meals are a major challenge hindering the frozen food market in Europe.
• Lower temperatures are required to store processed food that have been frozen to extend their shelf life and prevent spoiling. 
• Manufacturers use cheaper ingredients frequently in place of healthy ones. For instance, nutrition-dense olive oil is often substituted with less effective rapeseed oil, which results in the loss of antioxidants present in frozen foods.
• Additionally, obesity, diabetes, dementia, and renal disease are the side effects of consuming frozen-foods frequently.
• Hence, the increased consumer awareness regarding frozen food will hamper the growth of the frozen food market in Europe during the forecast period.

Frozen Food Market in Europe 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist frozen food market in Europe growth during the next five years
• Estimation of the frozen food market in Europe size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the frozen food market across Europe
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of frozen food market in Europe vendors

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Table Of Contents : 

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Regional - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Europe: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Regional - Market size and forecast 2022-2027 ($ billion)

4 Historic Market Size

• 4.1 Frozen food market in Europe 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Frozen food market in Europe 2017 - 2021 ($ billion)

• 4.2 Distribution Channel Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ billion)

• 4.3 Product Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 22: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 25: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 26: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 27: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 28: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

• 6.1 Market segments
• Exhibit 29: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 30: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 6.2 Comparison by Distribution Channel 
• Exhibit 31: Chart on Comparison by Distribution Channel
• Exhibit 32: Data Table on Comparison by Distribution Channel

• 6.3 Offline - Market size and forecast 2022-2027 
• Exhibit 33: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 34: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 6.4 Online - Market size and forecast 2022-2027 
• Exhibit 37: Chart on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 38: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Distribution Channel 
• Exhibit 41: Market opportunity by Distribution Channel ($ billion)
• Exhibit 42: Data Table on Market opportunity by Distribution Channel ($ billion)

7 Market Segmentation by Product

• 7.1 Market segments
• Exhibit 43: Chart on Product - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 45: Chart on Comparison by Product
• Exhibit 46: Data Table on Comparison by Product

• 7.3 Frozen ready meals - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Frozen ready meals - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on Frozen ready meals - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on Frozen ready meals - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Frozen ready meals - Year-over-year growth 2022-2027 (%)

• 7.4 Frozen fish and seafood - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Frozen fish and seafood - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Frozen fish and seafood - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Frozen fish and seafood - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Frozen fish and seafood - Year-over-year growth 2022-2027 (%)

• 7.5 Frozen meat and poultry - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Frozen meat and poultry - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Frozen meat and poultry - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Frozen meat and poultry - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Frozen meat and poultry - Year-over-year growth 2022-2027 (%)

• 7.6 Frozen fruits and vegetables - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Frozen fruits and vegetables - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Frozen fruits and vegetables - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Frozen fruits and vegetables - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Frozen fruits and vegetables - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027 
• Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Product 
• Exhibit 67: Market opportunity by Product ($ billion)
• Exhibit 68: Data Table on Market opportunity by Product ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 70: Chart on Market share by geography - 2022-2027 (%)
• Exhibit 71: Data Table on Market share by geography - 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 72: Chart on Geographic comparison
• Exhibit 73: Data Table on Geographic comparison

• 9.3 Germany - Market size and forecast 2022-2027 
• Exhibit 74: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.4 UK - Market size and forecast 2022-2027 
• Exhibit 78: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 81: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.5 France - Market size and forecast 2022-2027 
• Exhibit 82: Chart on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Data Table on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 85: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.6 Italy - Market size and forecast 2022-2027 
• Exhibit 86: Chart on Italy - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Data Table on Italy - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Chart on Italy - Year-over-year growth 2022-2027 (%)
• Exhibit 89: Data Table on Italy - Year-over-year growth 2022-2027 (%)

• 9.7 Rest of Europe - Market size and forecast 2022-2027 
• Exhibit 90: Chart on Rest of Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Data Table on Rest of Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Chart on Rest of Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 93: Data Table on Rest of Europe - Year-over-year growth 2022-2027 (%)

• 9.8 Market opportunity by geography 
• Exhibit 94: Market opportunity by geography ($ billion)
• Exhibit 95: Data Table on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 96: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 97: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 98: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 99: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 100: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 101: Matrix on vendor position and classification

• 12.3 Aryzta AG
• Exhibit 102: Aryzta AG - Overview
• Exhibit 103: Aryzta AG - Business segments
• Exhibit 104: Aryzta AG - Key offerings
• Exhibit 105: Aryzta AG - Segment focus

• 12.4 BRF SA
• Exhibit 106: BRF SA - Overview
• Exhibit 107: BRF SA - Product / Service
• Exhibit 108: BRF SA - Key offerings

• 12.5 Cargill Inc.
• Exhibit 109: Cargill Inc. - Overview
• Exhibit 110: Cargill Inc. - Product / Service
• Exhibit 111: Cargill Inc. - Key news
• Exhibit 112: Cargill Inc. - Key offerings

• 12.6 Dr. August Oetker KG
• Exhibit 113: Dr. August Oetker KG - Overview
• Exhibit 114: Dr. August Oetker KG - Product / Service
• Exhibit 115: Dr. August Oetker KG - Key offerings

• 12.7 FRoSTA AG
• Exhibit 116: FRoSTA AG - Overview
• Exhibit 117: FRoSTA AG - Business segments
• Exhibit 118: FRoSTA AG - Key offerings
• Exhibit 119: FRoSTA AG - Segment focus

• 12.8 General Mills Inc.
• Exhibit 120: General Mills Inc. - Overview
• Exhibit 121: General Mills Inc. - Business segments
• Exhibit 122: General Mills Inc. - Key news
• Exhibit 123: General Mills Inc. - Key offerings
• Exhibit 124: General Mills Inc. - Segment focus

• 12.9 Iceland Foods Ltd.
• Exhibit 125: Iceland Foods Ltd. - Overview
• Exhibit 126: Iceland Foods Ltd. - Product / Service
• Exhibit 127: Iceland Foods Ltd. - Key offerings

• 12.10 McCain Foods Ltd.
• Exhibit 128: McCain Foods Ltd. - Overview
• Exhibit 129: McCain Foods Ltd. - Product / Service
• Exhibit 130: McCain Foods Ltd. - Key offerings

• 12.11 Nestle SA
• Exhibit 131: Nestle SA - Overview
• Exhibit 132: Nestle SA - Business segments
• Exhibit 133: Nestle SA - Key news
• Exhibit 134: Nestle SA - Key offerings
• Exhibit 135: Nestle SA - Segment focus

• 12.12 Nomad Foods Ltd
• Exhibit 136: Nomad Foods Ltd - Overview
• Exhibit 137: Nomad Foods Ltd - Product / Service
• Exhibit 138: Nomad Foods Ltd - Key offerings

• 12.13 Orkla ASA
• Exhibit 139: Orkla ASA - Overview
• Exhibit 140: Orkla ASA - Business segments
• Exhibit 141: Orkla ASA - Key news
• Exhibit 142: Orkla ASA - Key offerings
• Exhibit 143: Orkla ASA - Segment focus

• 12.14 The Kraft Heinz Co.
• Exhibit 144: The Kraft Heinz Co. - Overview
• Exhibit 145: The Kraft Heinz Co. - Business segments
• Exhibit 146: The Kraft Heinz Co. - Key offerings
• Exhibit 147: The Kraft Heinz Co. - Segment focus

• 12.15 Tyson Foods Inc.
• Exhibit 148: Tyson Foods Inc. - Overview
• Exhibit 149: Tyson Foods Inc. - Business segments
• Exhibit 150: Tyson Foods Inc. - Key offerings
• Exhibit 151: Tyson Foods Inc. - Segment focus

• 12.16 WH Group Ltd.
• Exhibit 152: WH Group Ltd. - Overview
• Exhibit 153: WH Group Ltd. - Business segments
• Exhibit 154: WH Group Ltd. - Key offerings
• Exhibit 155: WH Group Ltd. - Segment focus

• 12.17 William Jackson Food Group Ltd. 
• Exhibit 156: William Jackson Food Group Ltd. - Overview
• Exhibit 157: William Jackson Food Group Ltd. - Product / Service
• Exhibit 158: William Jackson Food Group Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 159: Inclusions checklist
• Exhibit 160: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 161: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 162: Research methodology
• Exhibit 163: Validation techniques employed for market sizing
• Exhibit 164: Information sources

• 13.5 List of abbreviations 
• Exhibit 165: List of abbreviations

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