The global market for frozen meals is anticipated to be worth US$ 281.0 billion in 2022 and grow at a value CAGR of 5.1% to be worth US$ 460.8 billion at the end of the forecast period.
Busy life schedule is influencing consumers to shift their dietary preferences towards ready-to-eat food products. Hence, frozen foods market have become an important part of modern diet.
Freezing or refrigeration allows consumers to have access to foods which were either unavailable or available only during particular season. Also, freezing helps the consumers to preserve their food products for future use.
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Availability of wide range of frozen foods products in different food categories is the factor driving the global frozen foods market. Other driving factors are changing customer purchasing pattern and increasing urban population.
Additionally, increasing number of working women is driving the global frozen foods market. Majority of working women in the western countries don’t cook food at home.
Europe has the largest market share for frozen foods, followed by North America and Asia Pacific. In Asia Pacific, economic developments paired with increasing urbanization and disposable income are some factors driving the frozen foods market in the Asia-Pacific region. Owing to these factors, Asia Pacific is expected to witness highest growth in the forecasted period.
The global frozen foods market is currently being spearheaded by ConAgra Foods Inc., Maple Leaf Foods Inc., General Mills, BRF SA (Brazil), Tyson Foods Inc.
BRF SA (Brazil) and Mother Dairy Fruit & Vegetable Pvt. Ltd. (India) are some of the companies operating at regional level and dominating the market.
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Frozen Foods Industry Research by Category
Frozen Foods Market by Product Type:
- Ready Meals
- Fish/Seafood
- Meat
- Dairy Products
- Fruits & Vegetables
- Pizza & Pasta
- Bakery products
Frozen Foods Market by Nature:
- Organic
- Conventional
Frozen Foods Market by Distribution Channel:
- Business to Business (Foodservice)
- Business to Consumer
- Hypermarket/Supermarket
- Convenience Stores
- Specialty Stores
- Online Retail
Frozen Foods Market by Region
- North America Frozen Foods Market
- Latin America Frozen Foods Market
- Europe Frozen Foods Market
- East Asia Frozen Foods Market
- South Asia & Pacific Frozen Foods Market
- Middle East & Africa Frozen Foods Market
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