About Frozen Food
Frozen food is food that has been preserved by freezing, typically at lower temperatures. This process slows down the activity of enzymes and microorganisms that cause food spoilage, allowing frozen foods to be stored for much longer than fresh foods. The freezing process helps to maintain the food in its original state till it is consumed. In this industry it involves two procedures for freezing mechanical and cryogenic. The freezing process is required to safeguard the quality and its outer surface. The fast freezing helps to maintain the original cell structure of the food. The main purpose of these frozen foods is to make the cooking process easier for consumers and to have a longer shelf life. The frozen food market is poised for continued growth and diversification.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The frozen food market is highly competitive with regional and international players. Unilever, Nestle SA, General Mills, Nomad Foods Ltd., Tyson Foods Inc., and Conagra Brands Inc. dominate the market. The dominant players in the frozen food market have a global presence. These players are focused on leveraging emerging market opportunities to expand their product portfolio in order to meet the needs of various product segments, particularly frozen desserts. Product offerings, ingredients, quality, taste, flavors, price, functionality, size, packaging, and marketing activities are all factors that companies compete on in the market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Frozen Food market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Grupo Bimbo S.A.B. de C.V. (Mexico), Associated British Foods plc (United Kingdom), Aryzta AG (Switzerland), Lantmannen Unibake International (Denmark), Europastry, S.A. (Spain), General Mills Inc. (United States), Kellogg Company (United States), Ajinomoto Co., Inc. (Japan), Amy's Kitchen, Inc. (United States) and Ardo N.V. (Belgium) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Nestle (Switzerland), McCain Foods Limited (Canada), Bonduelle Group (France), Pinnacle Foods Inc. (United States) and General Mills, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Frozen Food market by Type (Ready Meals, Seafoods & Meat Products, Snacks, Bakery Products and Others) and Region.
On the basis of geography, the market of Frozen Food has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Packaging Type, the sub-segment i.e. Tin Cans will boost the Frozen Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Supermarket/ Hypermarket will boost the Frozen Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising demand of organic & Gluten free frozen food in food industry
Market Growth Drivers:
Growing demand of Convenience food
Challenges:
Lack of Freshness
Restraints:
These are perceived to be harmful for health
Opportunities:
Introduction of new apps that make it easier for consumers to select their preferred products and Rising disposable incomes and increased availability of frozen foods
Market Leaders and their expansionary development strategies
In September 2022, McCain Foods acquired Scelta Products, adding the Netherlands-based producer of frozen foods to its growing family of delicious, prepared vegetable appetizer product offerings.
In May 2023, Bikano, India’s favourite snack and packaged food manufacturing company launched a range of frozen products in the international market, aiming for a 40 percent YoY growth from the export market.
Key Target Audience
Manufacturing Companies, Research and Consulting Firms, Government Agencies and Industry Associations, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.