Frozen Food Market by Product (Fruits & Vegetables, Dairy, Meat & Seafood), Type (Raw Material, Half Cooked), Consumption, Distribution Channel, and Region (North America, Europe, Asia Pacific, South America, and MEA) - Global Forecast to 2023

Frozen Food Market by Product (Fruits & Vegetables, Dairy, Meat & Seafood), Type (Raw Material, Half Cooked), Consumption, Distribution Channel, and Region (North America, Europe, Asia Pacific, South America, and MEA) - Global Forecast to 2023

“The frozen food market is projected to grow at a CAGR of 5.1%”
The frozen food market is estimated at USD 219.9 billion in 2018 and projected to grow at a CAGR of 5.1%, to reach USD 282.5 billion by 2023. The retail food industry has witnessed significant growth over the past few years, globally. Development of retail channels in the form of supermarkets, hypermarkets, and convenience stores has driven the growth of the frozen food market. These large food chains form an important growing outlet for frozen food products, owing to the latest trend of on-the-go consumption. Rising per capita income and the increasing number of working women globally have further accelerated the market growth.

“The convenience food & ready meals segment for frozen food is estimated to account for the largest share in 2018”
Based on product, the convenience food & ready meals segment is estimated to account for the largest share in the frozen food market in 2018. This is due to the increasing consumer preference toward convenience foods, which indirectly favors the increasing demand for frozen products. The processed food market is driven by the greater need for convenience due to the busy lifestyles of consumers. This, in turn, increases the demand for frozen products. Increasing disposable income is also one such factor that has a huge influence on the growth of the frozen food market, as it increases the buying power of the consumers.

“The ready-to-eat segment to be the fastest-growing segment of the frozen food market”
Based on type, the ready-to-eat segment is projected to be the fastest-growing during the forecast period. Ready-to-eat frozen foods are those products that are fully cooked and can be eaten directly. For instance, ice cream and frozen yogurt are some of the products that have been included in this segment. Ready-to-eat frozen foods are majorly used in dessert applications, as they are easy to consume. The ice cream segment of this market has been extremely dominant and has been growing steadily due to the increasing adoption of low-calorie ice creams. Frozen yogurt is also increasing the growth of this segment in the frozen food market, as it is considered a healthy dessert.

“The food service segment for frozen food is estimated to account for the largest share in 2018”
Based on consumption, the food service segment is estimated to account for the largest share in the frozen food market in 2018. The food service industry includes restaurants, QSRs (quick service restaurants), pubs, hotels, and healthcare. Among these, QSRs dominate the foodservice industry in the frozen food market due to the high contribution of QSR chains such as McDonald’s, Starbucks, Subway, Burger King, Pizza Hut, KFC, and Dominoes, with their high number of outlets across the world. The food service industry uses frozen food items on a regular basis to save time in cooking; this reduces the time taken by the food item to reach the customers’ table. Frozen food has both quality and taste; hence, it fulfills customer expectations. The global food service industry is growing at a fast pace due to the high demand for fast food and growth in food delivery channels.

“The online segment to be the fastest-growing segment of the frozen food market”
Based on distribution channel, the online segment is projected to be the fastest-growing during the forecast period. The online market for frozen food is expected to showcase significant growth in the coming years due to the increasing use of internet services in developing countries. Also, online shopping is more feasible and convenient as compared to offline shopping services. Consumers can get their products delivered at their doorsteps. Increasing preference for online shopping among consumers for food items and the availability of various payment options are factors that are expected to drive the market growth.

Europe is estimated to account for the largest share in 2018”
Europe is estimated to account for the largest share in the frozen food market in 2018, due to the rising disposable income, changing busy lifestyle of consumers, and rising health awareness. The frozen food market is highly dominant in Europe due to the demand for extended, safe, refrigerated shelf life of food; as well as favourable food preservation legislation. Increasing internet penetration by youngsters has also propelled the market growth. The market for frozen fruits in Europe is driven by the demand for health and wellness products.

Break-up of Primaries:
By Company Type: Tier 1 - 42 %, Tier 2 - 35%, and Tier 3 - 23%
By Designation: C Level - 42%, D Level - 36% and Others* - 22%
By Region: Europe - 35%, North America- 28%, Asia Pacific - 22%, Middle East & Africa -10%, and South America - 5%

*Others include sales managers, marketing managers, and product managers.
Leading players profiled in this report:

General Mills (US)
Conagra (US)
Grupo Bimbo (Mexico)
Nestle (Switzerland)
Unilever (Netherlands)
Kellogg (US)
McCain (Canada)
Kraft Heinz (US)
Associated British Foods (UK)
Ajinomoto (Japan)
Vandemoortele (Belgium)
Lantmannen Unibake (Denmark)

Research Coverage:
The report segments the frozen food market on the basis of product, type, consumption, distribution channel and region. In terms of insights, this report has focused on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss views on the emerging & high-growth segments of the global frozen food, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

Reasons to buy this report:
To get a comprehensive overview of the frozen food market
To gain wide-ranging information about the top players in this industry, their product portfolios, and the key strategies adopted by them
To gain insights about the major countries/regions in which frozen food is gaining popularity


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • STUDY SCOPE
    • PERIODIZATION CONSIDERED
    • CURRENCY CONSIDERED
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS & LIMITATIONS
      • ASSUMPTIONS
      • LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE GROWTH OPPORTUNITIES IN THE FROZEN FOOD MARKET
    • NORTH AMERICA: FROZEN FOOD MARKET, BY PRODUCT & COUNTRY
    • FROZEN FOOD MARKET, BY CONSUMPTION
    • FROZEN FOOD MARKET, BY TYPE
    • FROZEN FOOD MARKET, BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • FROZEN FOOD MARKET, BY PRODUCT
    • FROZEN FOOD MARKET, BY PRODUCT
      • INTRODUCTION
        • Table FROZEN FOOD MARKET SIZE, BY PRODUCT, 2016-2023 (USD BILLION)
      • FRUITS & VEGETABLES
        • Table FRUITS & VEGETABLES: FROZEN FOOD MARKET SIZE , BY REGION, 2016-2023 (USD MILLION)
        • Table FROZEN FRUITS: FROZEN FOOD MARKET SIZE , BY REGION, 2016-2023 (USD MILLION)
        • Table FROZEN VEGETABLES: FROZEN FOOD MARKET SIZE , BY REGION, 2016-2023 (USD MILLION)
        • Table FROZEN POTATOES: FROZEN FOOD MARKET SIZE , BY REGION, 2016-2023 (USD MILLION)
        • Table OTHER VEGETABLES: FROZEN FOOD MARKET SIZE , BY REGION, 2016-2023 (USD MILLION)
      • DAIRY PRODUCTS
        • Table DAIRY PRODUCTS: FROZEN FOOD MARKET SIZE , BY REGION, 2016-2023 (USD MILLION)
      • BAKERY PRODUCTS
        • Table BAKERY PRODUCTS: FROZEN FOOD MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
        • Table BREADS AND PIZZA CRUSTS: FROZEN FOOD MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
        • Table OTHER BAKERY PRODUCTS: FROZEN FOOD MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • MEAT & SEAFOOD PRODUCTS
        • Table MEAT & SEAFOOD PRODUCTS : FROZEN FOOD MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • CONVENIENCE FOODS & READY MEALS
        • Table CONVENIENCE FOODS & READY MEALS: FROZEN FOOD MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • OTHERS
        • Table OTHERS: FROZEN FOOD MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • FROZEN FOOD MARKET, BY TYPE
    • FROZEN FOOD MARKET, BY TYPE
      • INTRODUCTION
        • Table FROZEN FOOD MARKET SIZE, BY TYPE, 2016-2023 (USD BILLION)
      • RAW MATERIAL
        • Table RAW MATERIAL: FROZEN FOOD MARKET SIZE , BY REGION, 2016-2023 (USD MILLION)
      • HALF-COOKED
        • Table HALF-COOKED: FROZEN FOOD MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • READY-TO-EAT
        • Table READY-TO-EAT: FROZEN FOOD MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • FROZEN FOOD MARKET, BY CONSUMPTION
    • INTRODUCTION
      • Table FROZEN FOOD MARKET SIZE, BY CONSUMPTION, 2016-2023 (USD BILLION)
    • FOOD SERVICE
      • Table FOOD SERVICE: FROZEN FOOD MARKET SIZE , BY REGION, 2016-2023 (USD MILLION)
    • RETAIL
      • Table RETAIL: FROZEN FOOD MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
    • INTRODUCTION
      • Table FROZEN FOOD MARKET SIZE, BY DISTRIBUTION CHANNEL, 2016-2023 (USD BILLION)
    • OFFLINE
      • Table OFFLINE: FROZEN FOOD MARKET SIZE , BY REGION, 2016-2023 (USD MILLION)
    • ONLINE
      • Table ONLINE: FROZEN FOOD MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • FROZEN FOOD MARKET, BY REGION
    • INTRODUCTION
      • Table FROZEN FOOD MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: FROZEN FOOD MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: FROZEN FOOD MARKET SIZE, BY PRODUCT, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: FROZEN FOOD MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: FROZEN FOOD MARKET SIZE, BY CONSUMPTION, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: FROZEN FOOD MARKET SIZE, BY DISTRIBUTION CHANNEL, 2016-2023 (USD MILLION)
      • US
        • Table US: FROZEN FOOD MARKET SIZE, BY PRODUCT, 2016-2023 (USD MILLION)
      • CANADA
        • Table CANADA: FROZEN FOOD MARKET SIZE, BY PRODUCT, 2016-2023 (USD MILLION)
      • MEXICO
        • Table MEXICO: FROZEN FOOD MARKET SIZE, BY PRODUCT, 2016-2023 (USD MILLION)
    • EUROPE
      • Table EUROPE: FROZEN FOOD MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPE FROZEN FOOD MARKET SIZE, BY PRODUCT, 2016-2023 (USD MILLION)
      • Table EUROPE: FROZEN FOOD MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table EUROPE: FROZEN FOOD MARKET SIZE, BY CONSUMPTION, 2016-2023 (USD MILLION)
      • Table EUROPE: FROZEN FOOD MARKET SIZE, BY DISTRIBUTION CHANNEL, 2016-2023 (USD MILLION)
      • GERMANY
        • Table GERMANY: FROZEN FOOD MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
      • FRANCE
        • Table FRANCE: FROZEN FOOD MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
      • UK
        • Table UK: FROZEN FOOD MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
      • ITALY
        • Table ITALY: FROZEN FOOD MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
      • SPAIN
        • Table SPAIN: FROZEN FOOD MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
      • REST OF EUROPE
        • Table REST OF EUROPE: FROZEN FOOD MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
    • ASIA PACIFIC
      • IMPROVEMENT IN THE LIVING STANDARDS, RISING INCOME LEVELS, AND GROWING ECONOMIES
        • Table ASIA PACIFIC: FROZEN FOOD MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table ASIA PACIFIC: FROZEN FOOD MARKET SIZE, BY PRODUCT, 2016-2023 (USD MILLION)
        • Table ASIA PACIFIC: FROZEN FOOD MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table ASIA PACIFIC: FROZEN FOOD MARKET SIZE, BY DISTRIBUTION CHANNEL, 2016-2023 (USD MILLION)
        • Table ASIA PACIFIC: FROZEN FOOD MARKET SIZE, BY CONSUMPTION, 2016-2023 (USD MILLION)
      • AUSTRALIA & NEW ZEALAND
        • Table AUSTRALIA & NEW ZEALAND: FROZEN FOOD MARKET SIZE, BY PRODUCT, 2016-2023 (USD MILLION)
      • CHINA
        • Table CHINA: FROZEN FOOD MARKET SIZE, BY PRODUCT, 2016-2023 (USD MILLION)
      • INDIA
        • Table INDIA: FROZEN FOOD MARKET SIZE, BY PRODUCT, 2016-2023 (USD MILLION)
      • JAPAN
        • Table JAPAN: FROZEN FOOD MARKET SIZE, BY PRODUCT, 2016-2023 (USD MILLION)
      • REST OF ASIA PACIFIC
        • Table REST OF ASIA PACIFIC: FROZEN FOOD MARKET SIZE, BY PRODUCT, 2016-2023 (USD MILLION)
    • SOUTH AMERICA
      • Table SOUTH AMERICA: FROZEN FOOD MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table SOUTH AMERICA: FROZEN FOOD MARKET SIZE, BY PRODUCT, 2016-2023 (USD MILLION)
      • Table SOUTH AMERICA: FROZEN FOOD MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table SOUTH AMERICA: FROZEN FOOD MARKET SIZE, BY CONSUMPTION, 2016-2023 (USD MILLION)
      • Table SOUTH AMERICA: FROZEN FOOD MARKET SIZE, BY DISTRIBUTION CHANNEL, 2016-2023 (USD MILLION)
      • BRAZIL
        • Table BRAZIL: FROZEN FOOD MARKET SIZE, BY PRODUCT, 2016-2023 (USD MILLION)
      • REST OF SOUTH AMERICA
        • Table REST OF SOUTH AMERICA: FROZEN FOOD MARKET SIZE, BY PRODUCT, 2016-2023 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • SHORTAGE OF FRESH MEAT DUE TO RISING CONSUMPTION
        • Table GCC: HISTORICAL TOTAL VOLUME SALES OF MEAT, BY COUNTRY, 2012-2016 (THOUSAND TONNE)
        • Table MIDDLE EAST & AFRICA: FROZEN FOOD MARKET SIZE, BY PRODUCT, 2016-2023 (USD MILLION)
        • Table MIDDLE EAST & AFRICA: FROZEN FOOD MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table MIDDLE EAST & AFRICA: FROZEN FOOD MARKET SIZE, BYCONSUMPTION, 2016-2023 (USD MILLION)
        • Table MIDDLE EAST & AFRICA: FROZEN FOOD MARKET SIZE, BYCONSUMPTION, 2016-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE LEADERSHIP MAPPING
      • DYNAMIC DIFFERENTIATORS
      • INNOVATORS
      • VISIONARY LEADERS
      • EMERGING COMPANIES
    • RANKING OF KEY PLAYERS, 2018
    • COMPETITIVE LEADERSHIP MAPPING (START-UP/SME'S)
      • PROGRESSIVE COMPANIES
      • STARTING BLOCKS
      • RESPONSIVE COMPANIES
      • DYNAMIC COMPANIES
    • COMPETITIVE SCENARIO
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2013 -2018
      • EXPANSIONS & INVESTMENTS
        • Table EXPANSIONS & INVESTMENTS, 2013 - 2018
      • ACQUISITIONS
        • Table ACQUISITIONS, 2013 -2018
      • PARTNERSHIPS, JOINT VENTURES, AND AGREEMENTS
        • Table PARTNERSHIPS, JOINT VENTURES, AND AGREEMENTS, 2013-2016
  • COMPANY PROFILES
    • GENERAL MILLS INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • CONAGRA BRANDS, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • GRUPO BIMBO S.A.B. DE C.V.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • NESTLE SA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • UNILEVER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • KELLOGG COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • MCCAIN FOODS LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • THE KRAFT HEINZ COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ASSOCIATED BRITISH FOODS PLC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • AJINOMOTO
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • VANDEMOORTELE NV
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • LANTMANNEN UNIBAKE INTERNATIONAL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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