Frozen Food Market by Product, Consumption, Type, Distribution Channel, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2030

Frozen Food Market Size
The global frozen food market size was valued at $299.83 billion in 2024 and is projected to reach $413.42 billion by 2030, growing at a CAGR of 5.5% during the forecast period.

Frozen Food Market Overview
Frozen food refers to any type of food that has been preserved by freezing it at a very low temperature, typically below -18 degrees Celsius. This process helps to slow down or halt the growth of bacteria, yeasts, and molds, which can cause food to spoil. Frozen foods can include a wide variety of items such as fruits, vegetables, meats, seafood, ready-to-eat meals, and even desserts. Freezing food helps to maintain its quality, flavor, and nutritional value for longer periods compared to fresh foods. It's a convenient option for consumers as it allows them to store food for extended periods without worrying about it spoiling quickly. Additionally, frozen foods are readily available in grocery stores and can be quickly prepared for meals.

Frozen Food Market Dynamics
• The frozen food market is expected to witness significant growth in the future due to the rising consumer demand for convenience and ready-to-eat meals, growing awareness about food safety and hygiene standards, and expansion of retail channels and online grocery platforms.
• Additionally, the increasing urbanization, busier lifestyles and time constraints and the technological advancements in freezing and packaging technologies are the prominent factors driving the growth of the frozen food market.
• However, the environmental issues and sustainable packaging are restraining the market growth.
• On the contrary, the development of healthier and organic frozen food options, expansion into emerging markets with increasing disposable incomes, and introduction of innovative packaging solutions for extended shelf life are creating opportunities for market growth.

By Type, the Raw Frozen Food Segment Held the Dominant Position in the Market
The raw frozen food segment maintained its dominant position in the market during the forecast period due to its versatility and broad appeal among consumers. This category includes a variety of items like fruits, vegetables, seafood, and meats, providing consumers the choice to create diverse and personalized meals. Raw frozen foods maintain their natural nutritional value and flavor, often better than cooked or processed alternatives. Additionally, they accommodate various dietary preferences such as vegan, paleo, and gluten-free diets, which make them good for everyone. In today's health-conscious and convenience-focused society, raw frozen foods perfectly support, enabling consumers to prepare fresh and nutritious meals with minimal effort. This attractiveness contributes to their growing popularity, securing raw frozen food as the dominant segment within the frozen food market.

By Geography, Europe Constitutes Immense Share with Frozen Food Market
Europe commands a substantial share of the frozen food market due to the demands of modern lifestyles and the increasing desire for affordable, nutritious, and convenient food choices. This market is further propelled by rising incomes and evolving dietary preferences, notably the shift towards plant-based diets. Prime opportunities for vegetable suppliers are evident in countries like Germany, France, Belgium, Italy, and the Netherlands. Public awareness of the nutritional advantages offered by frozen vegetables over fresh and refrigerated alternatives is driving demand, particularly among younger generations. Germany leads European imports with a 20% market share, trailed by France at 18% and Belgium at 14%. These nations, particularly Germany and France, represent crucial focus markets. Despite being a major producer and exporter, Belgium imports specific vegetable varieties from other countries. Italy, the Netherlands, Spain, and Sweden also hold significant positions among Europe's top markets. Germany, ranking third globally in frozen vegetable imports, secures the top spot in Europe.

Key Target Audience:
• Food Retailers
• Foodservice Industry
• Food Manufacturers and Processors
• Packaging Companies

List of the Key Players Profiled in the Report Includes:
• General Mills Inc.
• Conagra Brands, Inc.
• GRUPO BIMBO
• Nestle
• Unilever
• Associated British Foods plc
• Ajinomoto Co. Inc.
• Cargill, Incorporated
• Europastry
• JBS Foods
• Kidfresh
• Aryzta.com

Recent Developments:
• In April 2023, Nestlé and the private equity firm PAI Partners agreed to team up and form a new company together. Their focus would be on Nestlé's frozen pizza business in Europe. The goal of this collaboration was to create a strong and specialized player in the competitive and always-changing frozen pizza market. In this partnership, Nestlé would keep a smaller ownership share, allowing both Nestlé and PAI Partners to have equal say in decision-making.

Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Product:
• Fruits & Vegetables
• Dairy Products
• Bakery Products
• Meat & Seafood Products
• Plant-based Protein
• Convenience Food & Ready Meals
• Pet Food
• Other Products
Market by, Consumption:
• Food Service
• Retail

Market by, Type:
• Raw Frozen Food
• Half-cooked
• Ready-to-Eat

Market by, Distribution Channel:
• Online
• Offline

Market by, Geography:
The frozen food market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

Scope of the Report:
The report “Global Frozen Food Market: Industry Analysis, Opportunities and Forecast up to 2030” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

The report offers insights into the following aspects:
• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the frozen food market.
• Analysis of the frozen food market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the frozen food market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the frozen food market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the frozen food market.

Table Of Content

1 Market Introduction          
    1.1 Market Definition       
    1.2 Research Scope and Segmentation     
    1.3 Stakeholders       
    1.4 List of Abbreviations      
             
2 Executive Summary           
             
3 Research Methodology          
    3.1 Identification of Data      
    3.2 Data Analysis       
    3.3 Verification       
    3.4 Data Sources       
    3.5 Assumptions       
             
4 Market Dynamics           
    4.1 Market Drivers        
    4.2 Market Restraints       
    4.3 Market Opportunities      
    4.4 Market Challenges       
             
5 Porter's Five Force Analysis          
    5.1 Bargaining Power of Suppliers      
    5.2 Bargaining Power of Buyers      
    5.3 Threat of New Entrants      
    5.4 Threat of Substitutes      
    5.5 Competitive Rivalry in the Market     
             
6 Global Frozen Food Market by, Product         
    6.1 Overview       
    6.2 Fruits & Vegetables       
           6.2.1 Frozen Fruits
           6.2.2 Berries 
           6.2.3 Mango Chunks
           6.2.4 Cauliflower
           6.2.5 Broccoli 
           6.2.6 Bell Pepper
           6.2.7 Other Fruits & Vegetables
    6.3 Dairy Products       
    6.4 Bakery Products       
           6.4.1 Proofed 
           6.4.2 Fully Baked
    6.5 Meat & Seafood Products      
           6.5.1 Poultry 
           6.5.2 Red Meat 
           6.5.3 Fish/Seafood
    6.6 Plant-based Protein       
           6.6.1 Pre/Half Cooked 
           6.6.2 Fully Cooked/Ready to Eat
    6.7 Convenience Food & Ready Meals     
    6.8 Pet Food        
    6.9 Other Products       
             
7 Global Frozen Food Market by, Consumption        
    7.1 Overview       
    7.2 Food Service       
    7.3 Retail        
             
8 Global Frozen Food Market by, Type         
    8.1 Overview       
    8.2 Raw Frozen Food       
    8.3 Half-cooked       
    8.4 Ready-to-Eat       
             
9 Global Frozen Food Market by, Distribution Channel       
    9.1 Overview       
    9.2 Online        
    9.3 Offline        
             
10 Global Frozen Food Market by, Geography        
    10.1 Overview       
    10.2 North America       
           10.2.1 US 
           10.2.2 Canada 
           10.2.3 Mexico 
    10.3 Europe        
           10.3.1 Germany 
           10.3.2 France 
           10.3.3 UK 
           10.3.4 Italy 
           10.3.5 Spain 
           10.3.6 Rest of Europe
    10.4 Asia Pacific       
           10.4.1 China 
           10.4.2 Japan 
           10.4.3 India 
           10.4.4 South Korea
           10.4.5 Australia 
           10.4.6 New Zealand
           10.4.7 Rest of Asia Pacific
    10.5 South America       
           10.5.1 Brazil 
           10.5.2 Argentina
           10.5.3 Chile 
           10.5.4 Rest of South America
    10.6 Middle East & Africa      
           10.6.1 UAE 
           10.6.2 Saudi Arabia
           10.6.3 Qatar  
           10.6.4 Iran 
           10.6.5 South Africa
           10.6.6 Rest of Middle East & Africa
             
11 Key Developments           
             
12 Company Profiling           
    12.1 General Mills Inc.        
           12.1.1 Business Overview
           12.1.2 Product/Service Offering
           12.1.3 Financial Overview
           12.1.4 SWOT Analysis
           12.1.5 Key Activities
    12.2 Conagra Brands, Inc.       
    12.3 GRUPO BIMBO        
    12.4 Nestle          
    12.5 Unilever         
    12.6 Associated British Foods plc       
    12.7 Ajinomoto Co. Inc.       
    12.8 Cargill, Incorporated       
    12.9 Europastry        
    12.10 JBS Foods        
    12.11 Kidfresh         
    12.12 Aryzta.com