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Frozen Food Market size to grow by USD 105.72 Bn; Market research insights highlight the expansion of retail stores offering frozen food as key driver

Global Frozen Food Market 2022-2026

News provided by

Technavio

Sep 30, 2022, 19:15 ET

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NEW YORK, Sept. 30, 2022 /PRNewswire/ -- According to the research report "Frozen Food Market by Product and Geography - Forecast and Analysis 2022-2026", the market will witness a YOY growth of 6.85% in 2022 at a CAGR of 6.95% during the forecast period. The report is segmented by product (frozen ready-to-eat meals, frozen meat and poultry, frozen fish and seafood, frozen fruits and vegetables, and others) and geography (Europe, North America, APAC, South America, and the Middle East and Africa). Read Sample PDF Report

Vendor Insights 
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Technavio has announced its latest market research report titled Global Frozen Food Market 2022-2026
Technavio has announced its latest market research report titled Global Frozen Food Market 2022-2026

The global frozen food market is highly fragmented due to the presence of many vendors. Vendors are competing in the market by introducing new products, expanding their presence through mergers and acquisitions, and launching marketing campaigns. The vendors offering frozen food products are expected to witness certain challenges during the forecast period. One such challenge is the frequent recall of frozen foods, which may affect the brand value of the vendor and the consumer acceptance of its products and, thus, the overall profitability.

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • Ajinomoto Co. Inc.
  • Aryzta AG
  • Associated British Foods Plc
  • Conagra Brands Inc.
  • General Mills Inc.
  • Hanover Foods
  • J.R. Simplot Co.
  • JBS SA
  • Kellogg Co.
  • Lantmannen Unibake International
  • McCain Foods Ltd.
  • Nestle SA
  • Nomad Foods Ltd
  • PNW Veg Co. LLC dba NORPAC
  • Smith Frozen Foods Inc
  • The Kraft Heinz Co.
  • Tyson Foods Inc.
  • Unilever PLC
  • Vandemoortele NV
  • Wawona Frozen Foods Inc.

Find highlights on the growth strategies adopted by vendors and their product offerings. Request Sample Report

Geographical Market Analysis 

Europe will provide maximum growth opportunities for vendors operating in the frozen food market during the forecast period. According to our research report, the region will contribute 39% of the global market growth and is expected to dominate the market through 2026.

The UK is the major market for frozen food in Europe. The increased demand for processed food products is driving the regional market's growth. In addition, the increasing number of consolidations through M&As, innovative marketing campaigns by vendors, and the premiumization of frozen foods products are driving the growth of the regional market.

Europe will also emerge as the fastest-growing market for the frozen food market. Factors such as increasing product innovation and the rising number of new product launches are expected to fuel the growth of the frozen food market in Europe during the forecast period. Furthermore, countries such as the US, Mexico, China, and Germany are expected to emerge as prominent markets for frozen food during the forecast period.

Key Segment Analysis

By product, the frozen food market share growth in the frozen ready-to-eat meals segment will be significant during the forecast period. The segment comprises frozen pizza, frozen pasta, frozen croissants, frozen Asian meals, frozen rice bowls, frozen noodle bowls, frozen crispy pancakes, and frozen pies among other products. The increasing availability of nutrient-rich varieties of frozen food is driving the growth of the segment. View Report Sample to identify other potential segments and regions in the market.

Key Market Drivers & Challenges:

The frozen food market is primarily driven by the expansion of retail stores offering frozen food. The expanding presence of supermarkets, hypermarkets, and specialty stores has significantly contributed to the growth of the organized retail sector worldwide. This is enabling vendors and retailers to sell frozen food products such as frozen food, frozen fish and seafood, frozen meat and poultry, and frozen fruits and vegetables. All these factors are expected to drive the growth of the market during the forecast period.

However, health risks associated with the consumption of frozen ready meals will reduce the growth potential in the market. Frozen foods are stored at a low temperature to prevent spoilage and increase their shelf life. Frozen food manufacturers often substitute healthier ingredients with cheap alternatives. For instance, nutrition-dense olive oil is often replaced with less effective rapeseed oil, which results in the loss of antioxidants present in frozen foods. Hence, the frequent consumption of frozen food also puts consumers at risk of developing high blood pressure and other health-related problems. This growing awareness among consumers is expected to reduce the growth potential in the market.

Download Sample Report Now to identify other drivers and challenges influencing the market growth.

Customize Your Report 

Don't miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. Speak to our Analyst now!

Related Reports:

  • Frozen Baby Food Market by Product and Geography - Forecast and Analysis 2022-2026
  • Frozen Vegetables Market by Distribution Channel and Geography - Forecast and Analysis 2022-2026

Frozen Food Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.95%

Market growth 2022-2026

USD 105.72 billion

Market structure

Fragmented

YoY growth (%)

6.85

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 39%

Key consumer countries

US, Mexico, China, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Ajinomoto Co. Inc., Aryzta AG, Associated British Foods Plc, Conagra Brands Inc., General Mills Inc., Hanover Foods, J.R. Simplot Co., JBS SA, Kellogg Co., Lantmannen Unibake International, McCain Foods Ltd., Nestle SA, Nomad Foods Ltd, PNW Veg Co. LLC dba NORPAC, Smith Frozen Foods Inc, The Kraft Heinz Co., Tyson Foods Inc., Unilever PLC, Vandemoortele NV, and Wawona Frozen Foods Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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 Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

  • 5.1 Market segments
    • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
  • 5.2 Comparison by Product
    • Exhibit 26: Chart on Comparison by Product
    • Exhibit 27: Data Table on Comparison by Product
  • 5.3 Frozen ready to eat meals - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Frozen ready to eat meals - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 29: Data Table on Frozen ready to eat meals - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 30: Chart on Frozen ready to eat meals - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Frozen ready to eat meals - Year-over-year growth 2021-2026 (%)
  • 5.4 Frozen meat and poultry - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Frozen meat and poultry - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 33: Data Table on Frozen meat and poultry - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 34: Chart on Frozen meat and poultry - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Frozen meat and poultry - Year-over-year growth 2021-2026 (%)
  • 5.5 Frozen fish and seafood - Market size and forecast 2021-2026
    • Exhibit 36: Chart on Frozen fish and seafood - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 37: Data Table on Frozen fish and seafood - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 38: Chart on Frozen fish and seafood - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Frozen fish and seafood - Year-over-year growth 2021-2026 (%)
  • 5.6 Frozen fruits and vegetables - Market size and forecast 2021-2026
    • Exhibit 40: Chart on Frozen fruits and vegetables - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 41: Data Table on Frozen fruits and vegetables - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 42: Chart on Frozen fruits and vegetables - Year-over-year growth 2021-2026 (%)
    • Exhibit 43: Data Table on Frozen fruits and vegetables - Year-over-year growth 2021-2026 (%)
  • 5.7 Others - Market size and forecast 2021-2026
    • Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
    • Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
  • 5.8 Market opportunity by Product
    • Exhibit 48: Market opportunity by Product ($ billion)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 52: Chart on Geographic comparison
    • Exhibit 53: Data Table on Geographic comparison
  • 7.3 Europe - Market size and forecast 2021-2026
    • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.4 North America - Market size and forecast 2021-2026
    • Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 62: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 63: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 64: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 Germany - Market size and forecast 2021-2026
    • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.10 UK - Market size and forecast 2021-2026
    • Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.11 China - Market size and forecast 2021-2026
    • Exhibit 86: Chart on China - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 87: Data Table on China - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 88: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 89: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.12 Mexico - Market size and forecast 2021-2026
    • Exhibit 90: Chart on Mexico - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 91: Data Table on Mexico - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 92: Chart on Mexico - Year-over-year growth 2021-2026 (%)
    • Exhibit 93: Data Table on Mexico - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 94: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 97: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 98: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 99: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 100: Matrix on vendor position and classification
  • 10.3 Ajinomoto Co. Inc.
    • Exhibit 101: Ajinomoto Co. Inc. - Overview
    • Exhibit 102: Ajinomoto Co. Inc. - Business segments
    • Exhibit 103: Ajinomoto Co. Inc. - Key news
    • Exhibit 104: Ajinomoto Co. Inc. - Key offerings
    • Exhibit 105: Ajinomoto Co. Inc. - Segment focus
  • 10.4 Associated British Foods Plc
    • Exhibit 106: Associated British Foods Plc - Overview
    • Exhibit 107: Associated British Foods Plc - Business segments
    • Exhibit 108: Associated British Foods Plc - Key offerings
    • Exhibit 109: Associated British Foods Plc - Segment focus
  • 10.5 Conagra Brands Inc.
    • Exhibit 110: Conagra Brands Inc. - Overview
    • Exhibit 111: Conagra Brands Inc. - Business segments
    • Exhibit 112: Conagra Brands Inc. - Key news
    • Exhibit 113: Conagra Brands Inc. - Key offerings
    • Exhibit 114: Conagra Brands Inc. - Segment focus
  • 10.6 General Mills Inc.
    • Exhibit 115: General Mills Inc. - Overview
    • Exhibit 116: General Mills Inc. - Business segments
    • Exhibit 117: General Mills Inc. - Key news
    • Exhibit 118: General Mills Inc. - Key offerings
    • Exhibit 119: General Mills Inc. - Segment focus
  • 10.7 Kellogg Co.
    • Exhibit 120: Kellogg Co. - Overview
    • Exhibit 121: Kellogg Co. - Business segments
    • Exhibit 122: Kellogg Co. - Key offerings
    • Exhibit 123: Kellogg Co. - Segment focus
  • 10.8 McCain Foods Ltd.
    • Exhibit 124: McCain Foods Ltd. - Overview
    • Exhibit 125: McCain Foods Ltd. - Product / Service
    • Exhibit 126: McCain Foods Ltd. - Key offerings
  • 10.9 Nestle SA
    • Exhibit 127: Nestle SA - Overview
    • Exhibit 128: Nestle SA - Business segments
    • Exhibit 129: Nestle SA - Key news
    • Exhibit 130: Nestle SA - Key offerings
    • Exhibit 131: Nestle SA - Segment focus
  • 10.10 The Kraft Heinz Co.
    • Exhibit 132: The Kraft Heinz Co. - Overview
    • Exhibit 133: The Kraft Heinz Co. - Business segments
    • Exhibit 134: The Kraft Heinz Co. - Key offerings
    • Exhibit 135: The Kraft Heinz Co. - Segment focus
  • 10.11 Tyson Foods Inc.
    • Exhibit 136: Tyson Foods Inc. - Overview
    • Exhibit 137: Tyson Foods Inc. - Business segments
    • Exhibit 138: Tyson Foods Inc. - Key offerings
    • Exhibit 139: Tyson Foods Inc. - Segment focus
  • 10.12 Unilever PLC
    • Exhibit 140: Unilever PLC - Overview
    • Exhibit 141: Unilever PLC - Business segments
    • Exhibit 142: Unilever PLC - Key news
    • Exhibit 143: Unilever PLC - Key offerings
    • Exhibit 144: Unilever PLC - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 145: Inclusions checklist
    • Exhibit 146: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 147: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 148: Research methodology
    • Exhibit 149: Validation techniques employed for market sizing
    • Exhibit 150: Information sources
  • 11.5 List of abbreviations
    • Exhibit 151: List of abbreviations
  • food allergy among consumers: There is an increase in the number of people suffering from food allergies globally. Food allergy is caused when the immune system reacts to the ingestion of certain foods. Ingredients of packaged foods and meats that can create allergic reactions in some people include (but are not limited to) milk, eggs, fish, crustacean shellfish (e.g., crab, lobster, and shrimp), tree nuts (e.g., almonds, walnuts, and pecan), peanuts, wheat, and soybeans. Even consumption of small amounts of food allergens can trigger signs and symptoms such as digestive problems, hives, and swollen airways. In some people, a food allergy can cause severe symptoms, or even a life-threatening reaction is, known as anaphylaxis. For example, in the US, nearly 3% of the adult population suffers from shellfish allergy.
About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

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