Frozen Food Market Size is Expected to Grow by USD 105.72 Billion; Market research highlights the expansion of retail stores offering frozen foods as a key driver

NEW YORK, September 30, 2022 /PRNewswire/ — According to research report “Frozen Food Market by Product and Geography – Forecast and Analysis 2022-2026“, the market will grow at a CAGR of 6.85% in 2022 with a CAGR of 6.95% during the forecast period. The report is segmented by Product (Frozen Ready-to-Eat Meals, Frozen Meat & Poultry, Fish and frozen seafood, frozen fruits and vegetables, and others) and geography (Europe, North AmericaACPA, South Americaand the Middle East and Africa). Read a sample PDF report

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

Supplier Information

The global frozen food market is highly fragmented due to the presence of numerous vendors. Vendors compete in the market by introducing new products, expanding their presence through mergers and acquisitions, and launching marketing campaigns. Vendors offering frozen food products are expected to face some challenges during the forecast period. One such challenge is frequent frozen food recalls, which can affect the supplier’s brand equity and consumer acceptance of its products and, therefore, overall profitability.

The report analyzes the competitive landscape of the market and offers information about several vendors in the market including:

  • Ajinomoto Co. Inc.

  • Aryzta AG

  • Associated British Foods Plc

  • Brands Conagra Inc.

  • General Mills Inc.

  • Hanover Foods

  • JR Simplot Co.

  • JBS S.A.

  • Kellogg Co.

  • Lantmannen Unibake France

  • McCain Foods Ltd.

  • Nestlé SA

  • Nomad Foods Ltd

  • PNW Veg Co. LLC dba NORPAC

  • Smith Frozen Foods Inc

  • The Kraft Heinz Company.

  • Tyson Foods Inc.

  • Unilever APIs

  • Vandemoortele SA

  • Wawona Frozen Foods Inc.

Discover highlights on the growth strategies adopted by suppliers and their product offerings. Request a sample report

Geographic Market Analysis

Europe will provide maximum growth opportunities for the 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 till 2026.

The UK is the largest frozen food market in Europe. The increased demand for processed food products is driving the growth of the regional market. In addition, increasing number of consolidations through mergers and acquisitions, innovative marketing campaigns by vendors, and premiumization of frozen food 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 growing number of new product launches are expected to fuel the growth of the frozen food market in Europe during the forecast period. In addition, countries like the United States, Mexico, Chinaand Germany are expected to become significant markets for frozen food over the forecast period.

Analysis of key segments

By product, the frozen food market share growth in the frozen ready meals segment will be significant over the forecast period. The segment includes frozen pizzas, 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-dense frozen food varieties is driving the growth of the segment. See sample report to identify other potential segments and regions in the market.

Key Market Drivers and Challenges:

The frozen food market is mainly driven by the expansion of retail stores offering frozen food. The growing presence of supermarkets, hypermarkets and specialty stores has contributed significantly to the growth of the organized retail sector globally. This allows vendors and retailers to sell frozen food products such as frozen foods, 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 over the forecast period.

However, the health risks associated with the consumption of frozen ready meals will reduce the growth potential of the market. Frozen foods are stored at low temperatures to prevent spoilage and increase their shelf life. Frozen food manufacturers often replace healthier ingredients with cheaper alternatives. For example, nutrient-dense olive oil is often replaced with less effective canola oil, resulting in the loss of antioxidants found in frozen foods. Therefore, frequent consumption of frozen foods also puts consumers at risk of developing high blood pressure and other health problems. This growing consumer awareness is expected to reduce the growth potential of the market.

Download a sample report now identify other drivers and challenges influencing market growth.

Customize your report

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Related reports:

Frozen Food Market Scope

Report cover

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 6.95%

Market Growth 2022-2026

$105.72 billion

Market structure

Fragmented

Annual growth (%)

6.85

Regional analysis

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

Successful market contribution

Europe at 39%

Main consumer countries

United States, Mexico, China, Germany and United Kingdom

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Ajinomoto Co. Inc., Aryzta AG, Associated British Foods Plc, Conagra Brands Inc., General Mills Inc., Hanover Foods, JR 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 drivers and barriers, analysis of fast and slow growing segments, impact of COVID-19 and future consumer dynamics, and analysis of market conditions for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents:

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Product

6 Customer Landscape

7 Geographic landscape

8 drivers, challenges and trends

9 Supplier landscape

10 Vendor Analysis

11 Appendix

  • Food allergy among consumers: There is an increase in the number of people with food allergies worldwide. Food allergy is caused when the immune system reacts to ingesting certain foods. Ingredients in packaged foods and meats that may cause allergic reactions in some people include (but are not limited to) milk, eggs, fish, shellfish (eg, crab, lobster, and shrimp) , tree nuts (eg, almonds, walnuts, and pecans), peanuts, wheat, and soy. Even consuming 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 known as anaphylaxis. For example, in the United States, nearly 3% of the adult population suffers from shellfish allergy.

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Global Frozen Food Market 2022-2026

Global Frozen Food Market 2022-2026

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