The Frozen Food Market is projected to reach USD 699.8 billion by 2033, up from USD 433.7 billion in 2023, reflecting a compound annual growth rate (CAGR) of 4.9% over this period. Frozen food refers to products preserved through freezing, where the food is subjected to extremely low temperatures, typically below 0 degrees Celsius (32 degrees Fahrenheit), to maintain its quality, nutritional value, and sensory attributes for an extended duration. This preservation method inhibits the growth of microorganisms and enzymatic activity, slowing down food deterioration. The frozen food category includes a broad range of products such as raw ingredients, pre-cooked meals, snacks, desserts, and fully prepared dishes, often packaged in airtight containers or bags to prevent freezer burn and maintain product integrity. The industry is known for its convenience, extended shelf life, and diverse product offerings that cater to varying consumer preferences and needs.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Product Type (Frozen Fruits and Vegetables, Frozen Meat and Fish, Frozen-Cooked Ready Meal, Frozen Desserts, Frozen Snacks)
By Freezing Technique (Individual Quick Freezing (IQF), Blast Freezing, Belt Freezing)
By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Channels)
Key players
Conagra Brands Inc
Kellogg Company
Ajinomoto Co Inc
Nestle
Aryzta
General Mills Inc
Cargill Incorporated
Associated British Foods
The Kraft Heinz Company
JBS S.A.
- Chapter 1. Executive Summary
- Chapter 2. Scope Of The Study
- 2.1. Market Definition
- 2.2. Scope Of The Study
- 2.2.1. Objectives of Report
- Chapter 3. Evolve BI Methodology
- Chapter 4. Market Insights and Trends
- 4.1. Supply/ Value Chain Analysis
- 4.2. Porter’s Five Forces Analysis
- 4.2.1. Threat Of New Entrants
- 4.2.2. Bargaining Power Of Buyers
- 4.2.3. Bargaining Power Of Suppliers
- 4.2.4. Threat Of Substitutes
- 4.2.5. Industry Rivalry
- 4.3. Impact of COVID-19 on Frozen Food Market
- 4.3.1. Impact on Market Size
- 4.3.2. End User Trend, Preferences and Budget Impact
- 4.3.3. Regulatory Framework/Government Policies
- 4.3.4. Key Players Strategy to Tackle Negative Impact
- 4.3.5. Opportunity Window
- Chapter 5. Market Dynamics
- 5.1. Introduction
- 5.2. DRO Analysis
- 5.2.1. Drivers
- 5.2.2. Restraints
- 5.2.3. Opportunities
- Chapter 6. Global Frozen Food Market, By Product Type
- 6.1. Introduction
- 6.2. Frozen Fruits and Vegetables
- 6.3. Frozen Meat and Fish
- 6.4. Frozen Cooked Ready Meal
- 6.5. Frozen Desserts
- 6.6. Frozen Snacks
- Chapter 7. Global Frozen Food Market, By Freezing Technique
- 7.1. Introduction
- 7.2. Individual Quick Freezing (IQF)
- 7.3. Blast Freezing
- 7.4. Belt Freezing
- Chapter 8. Global Frozen Food Market, By Distribution Channel
- 8.1. Introduction
- 8.2. Supermarkets & Hypermarkets
- 8.3. Convenience Stores
- 8.3. Online Channel
- Chapter 9. Global Frozen Food Market, By Region
- 9.1. Introduction
- 9.2. North America
- 9.2.1. Introduction
- 9.2.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.2.3. Market Size and Forecast, By Country, 2020 - 2026
- 9.2.4. Market Size and Forecast, By Product Type, 2020 - 2026
- 9.2.5. Market Size and Forecast, By Freezing Technique, 2020 – 2026
- 9.2.6. Market Size and Forecast, By Distribution Channel, 2020 – 2026
- 9.2.7. US
- 9.2.7.1. Introduction
- 9.2.7.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.2.7.3. Market Size and Forecast, By Product Type, 2020 - 2026
- 9.2.7.4. Market Size and Forecast, By Freezing Technique, 2020 – 2026
- 9.2.7.5. Market Size and Forecast, By Distribution Channel, 2020 - 2026
- 9.2.8. Canada
- 9.2.8.1. Introduction
- 9.2.8.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.2.8.4. Market Size and Forecast, By Product Type, 2020 - 2026
- 9.2.8.5. Market Size and Forecast, By Freezing Technique, 2020 – 2026
- 9.2.8.6. Market Size and Forecast, By Distribution Channel, 2020 - 2026
- 9.3. Europe
- 9.3.1. Introduction
- 9.3.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.3.3. Market Size and Forecast, By Country, 2020 - 2026
- 9.3.4. Market Size and Forecast, By Product Type, 2020 - 2026
- 9.3.5. Market Size and Forecast, By Freezing Technique, 2020 – 2026
- 9.3.6. Market Size and Forecast, By Distribution Channel, 2020 – 2026
- 9.3.7. Germany
- 9.3.7.1. Introduction
- 9.3.7.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.3.7.3. Market Size and Forecast, By Product Type, 2020 - 2026
- 9.3.7.4. Market Size and Forecast, By Freezing Technique, 2020 – 2026
- 9.3.7.5. Market Size and Forecast, By Distribution Channel, 2020 - 2026
- 9.3.8. France
- 9.3.8.1. Introduction
- 9.3.8.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.3.8.3. Market Size and Forecast, By Product Type, 2020 - 2026
- 9.3.8.4. Market Size and Forecast, By Freezing Technique, 2020 – 2026
- 9.3.8.5. Market Size and Forecast, By Distribution Channel, 2020 - 2026
- 9.3.9. UK
- 9.3.9.1. Introduction
- 9.3.9.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.3.9.3. Market Size and Forecast, By Product Type, 2020 - 2026
- 9.3.9.4. Market Size and Forecast, By Freezing Technique, 2020 – 2026
- 9.3.9.5. Market Size and Forecast, By Distribution Channel, 2020 - 2026
- 9.3.10. Italy
- 9.3.10.1. Introduction
- 9.3.10.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.3.10.3. Market Size and Forecast, By Product Type, 2020 - 2026
- 9.3.10.4. Market Size and Forecast, By Freezing Technique, 2020 – 2026
- 9.3.10.5. Market Size and Forecast, By Distribution Channel, 2020 - 2026
- 9.3.11. Rest Of Europe
- 9.3.11.1. Introduction
- 9.3.11.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.3.11.3. Market Size and Forecast, By Product Type, 2020 - 2026
- 9.3.11.4. Market Size and Forecast, By Freezing Technique, 2020 – 2026
- 9.3.11.5. Market Size and Forecast, By Distribution Channel, 2020 - 2026
- 9.4. Asia-Pacific
- 9.4.1. Introduction
- 9.4.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.4.3. Market Size and Forecast, By Country, 2020 - 2026
- 9.4.4. Market Size and Forecast, By Product Type, 2020 - 2026
- 9.4.5. Market Size and Forecast, By Freezing Technique, 2020 – 2026
- 9.4.7. Market Size and Forecast, By Distribution Channel, 2020 - 2026
- 9.4.8. China
- 9.4.8.1. Introduction
- 9.4.8.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.4.8.3. Market Size and Forecast, By Product Type, 2020 - 2026
- 9.4.8.4. Market Size and Forecast, By Freezing Technique, 2020 – 2026
- 9.4.8.5. Market Size and Forecast, By Distribution Channel, 2020 - 2026
- 9.4.9. India
- 9.4.9.1. Introduction
- 9.4.9.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.4.9.3. Market Size and Forecast, By Product Type, 2020 - 2026
- 9.4.9.4. Market Size and Forecast, By Freezing Technique, 2020 – 2026
- 9.4.9.5. Market Size and Forecast, By Distribution Channel, 2020 - 2026
- 9.4.10. Japan
- 9.4.10.1. Introduction
- 9.4.10.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.4.10.3. Market Size and Forecast, By Product Type, 2020 - 2026
- 9.4.10.4. Market Size and Forecast, By Freezing Technique, 2020 – 2026
- 9.4.10.5. Market Size and Forecast, By Distribution Channel, 2020 - 2026
- 9.4.11. South Korea
- 9.4.11.1. Introduction
- 9.4.11.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.4.11.3. Market Size and Forecast, By Product Type, 2020 - 2026
- 9.4.11.4. Market Size and Forecast, By Freezing Technique, 2020 – 2026
- 9.4.11.5. Market Size and Forecast, By Distribution Channel, 2020 - 2026
- 9.4.12. Rest Of Asia-Pacific
- 9.4.11.1. Introduction
- 9.4.12.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.4.12.3. Market Size and Forecast, By Product Type, 2020 - 2026
- 9.4.12.4. Market Size and Forecast, By Freezing Technique, 2020 – 2026
- 9.4.12.5. Market Size and Forecast, By Distribution Channel, 2020 - 2026
- 9.5. Rest Of The World (RoW)
- 9.5.1. Introduction
- 9.5.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.5.3. Market Size and Forecast, By Product Type, 2020 - 2026
- 9.5.4. Market Size and Forecast, By Freezing Technique, 2020 – 2026
- 9.5.5. Market Size and Forecast, By Distribution Channel, 2020 - 2026
- 9.5.6. Market Size and Forecast, By Region, 2020 - 2026
- 9.5.7. South America
- 9.5.7.1. Introduction
- 9.5.7.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.5.7.3. Market Size and Forecast, By Product Type, 2020 - 2026
- 9.5.7.4. Market Size and Forecast, By Freezing Technique, 2020 – 2026
- 9.5.7.5. Market Size and Forecast, By Distribution Channel, 2020 - 2026
- 9.5.8. Middle East & Africa
- 9.5.8.1. Introduction
- 9.5.8.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.5.8.3. Market Size and Forecast, By Product Type, 2020 - 2026
- 9.5.8.4. Market Size and Forecast, By Freezing Technique, 2020 – 2026
- 9.5.8.5. Market Size and Forecast, By Distribution Channel, 2020 - 2026
- Chapter 10. Competitive Landscape
- 10.1. Introduction
- 10.2. Vendor Share Analysis, 2020/Key Players Positioning 2020
- Chapter 11. Company Profiles
- 11.1. Lantmannen Unibake International
- 11.1.1. Business Overview
- 11.1.2. Financial Analysis
- 11.1.3. Product Portfolio
- 11.1.4. Recent Development and Strategies Adopted
- 11.1.5. SWOT Analysis
- 11.2. General Mills Inc
- 11.2.1. Business Overview
- 11.2.2. Financial Analysis
- 11.2.3. Product Portfolio
- 11.2.4. Recent Development and Strategies Adopted
- 11.2.5. SWOT Analysis
- 11.3. Conagra Brands, Inc.
- 11.3.1. Business Overview
- 11.3.2. Financial Analysis
- 11.3.3. Product Portfolio
- 11.3.4. Recent Development and Strategies Adopted
- 11.3.5. SWOT Analysis
- 11.4. Kellogg Company
- 11.4.1. Business Overview
- 11.4.2. Financial Analysis
- 11.4.3. Product Portfolio
- 11.4.4. Recent Development and Strategies Adopted
- 11.4.5. SWOT Analysis
- 11.5. McCain Foods Limited
- 11.5.1. Business Overview
- 11.5.2. Financial Analysis
- 11.5.3. Product Portfolio
- 11.5.4. Recent Development and Strategies Adopted
- 11.5.5. SWOT Analysis
- 11.6. Vandemoortele NV
- 11.6.1. Business Overview
- 11.6.2. Financial Analysis
- 11.6.3. Product Portfolio
- 11.6.4. Recent Development and Strategies Adopted
- 11.6.5. SWOT Analysis
- 11.7. Nestle SA
- 11.7.1. Business Overview
- 11.7.2. Financial Analysis
- 11.7.3. Product Portfolio
- 11.7.4. Recent Development and Strategies Adopted
- 11.7.5. SWOT Analysis
- 11.8. Europastry S.A.
- 11.8.1. Business Overview
- 11.8.2. Financial Analysis
- 11.8.3. Product Portfolio
- 11.8.4. Recent Development and Strategies Adopted
- 11.8.5. SWOT Analysis
- 11.9. Cargill
- 11.9.1. Business Overview
- 11.9.2. Financial Analysis
- 11.9.3. Product Portfolio
- 11.9.4. Recent Development and Strategies Adopted
- 11.9.5. SWOT Analysis
- 11.10. Bubba Foods
- 11.10.1. Business Overview
- 11.10.2. Financial Analysis
- 11.10.3. Product Portfolio
- 11.9.4. Recent Development and Strategies Adopted
- 11.9.5. SWOT Analysis
- Chapter 12. Key Takeaways
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