COVID-19 has been a Significant Contributor to China Frozen Food Industry:
A series of trends have obliged to sustain the frozen variety's growth in the Chinese market. Moreover, Covid-19 has contributed significantly to this growth as people gravitate towards foods with more prolonged shelf lives. Indeed, the rash outbreak of COVID-19 had boosted the sales of frozen food products in 2020. In the coming years, post-pandemic Chinese are analyzed to constantly drift towards ways to facilitate meal preparation time without renouncing the food quality. Thus, as per our analysis, consumers will be looking for 'co-creation frozen offerings that remain convenient in the year beyond, the market will keep flourishing. The China Frozen Food Market was US$ 26.5 Billion in 2021.
Product Type: Frozen Fish/Sea Food Holds Lion's Share:
China is famous for delicacies, with various local cuisine made into frozen food, such as frozen fish/seafood, meat, ready meals, potato products, bakery products, pizza, and others. As per our analysis, the product's market scale, as mentioned earlier, will grow steadily in the forthcoming years. The increased consumer spending on cold-stored food is expected to expand the Chinese Frozen Food market in the near future. Thereon, frozen fish/seafood holds the lion's share in the Chinese frozen food industry, with the increasing consumer choice towards frozen fish/seafood being as nutritious as fresh. Moreover, frozen fish/seafood can be preserved longer than fresh produce that succumbs to vitamins and minerals over time.
China Frozen Food Market to Expand with a CAGR of 11.9% during 2021-2027
The frozen industry occupies a considerable position in the food market in China. Today, Millennials have a dynamic lifestyle with lesser time available for cooking. Hence, the convenience of frozen food is one of the critical factors estimated to keep propelling the frozen food industry growth over the forecast period. Also, most Chinese families use refrigerators which enable them to follow the pace of modern life. Consequently, frozen food will naturally come into Chinese grocery lists. In the future, product innovation and logistic infrastructure evolution are expected to boost the sector further.
Amongst the Consumers Frozen Foods Have Grown in Popularity:
By Consumers, in our report, we have covered the Household and Catering Service Industry amongst the top users of frozen foods, including the objective of frozen foods to aid the cooking process and elongate the shelf life. Moreover, frozen foods are growing in popularity as consumers are concerned about spoilage of fresh food. Notwithstanding, frozen food is considered an imperative component of the meals cooked and served in Household and Catering Service. Further, the overall distribution channel development existing in the realms of the frozen food industry in China is boosting the market expansion readily.
The Online Distribution Channel Gauged to Gain Huge Market Share:
By Distribution Channel, we have covered offline and online distribution channels. Today, Chinese consumers are increasingly shopping through offline and online distribution channels. The offline channel accounts for a significant share throughout. The availability of infrastructures like freezing and temperature-controlled outlets makes offline distribution channels a dominant distribution channel for frozen products in China. However, with the growing penetration of the Internet and smartphone usage, the online distribution channel is gaining traction as one of the major platforms to showcase and sell frozen food products. As per our analysis, the online distribution channel is estimated to gain a considerable market share during 2021-2027.
Key Frozen Food Companies in China:
The key frozen food companies hold significant importance in the frozen food market in China. Major Key Players in the China Frozen Food Market are Sanquan Food, Informa, Fujian Enjoy Foods Co Ltd, Meiji co ltd, Maruha Nichiro Group, General Mills, Shandong Huifa Food co. Ltd., and Apex Frozen Foods Ltd. The key players are building intelligent giant factories and storages to focus on cold storage transport, usage of high-quality ingredients to boost the market of frozen food products in China.
This latest research report “China Frozen Food Market, Forecast By Product Type (Frozen Fish/Seafood, Frozen Meat, Frozen Ready Meals, Frozen Potato Products, Frozen Bakery Products, Frozen Pizza, and Others), Consumer (Household, Catering Service Industry and Others), Distribution Channel (Online and Offline), Companies (Sanquan Food, Informa, Fujian Enjoy Foods Co Ltd, Meiji co ltd, Maruha Nichiro Group, General Mills, Shandong Huifa Food co. Ltd., and Apex Frozen Foods Ltd.)” provides a detailed analysis of China Frozen Food Industry.
Product Type - Market has been studied from 7 viewpoints:
- Frozen Fish/Sea Food
- Frozen Meat
- Frozen Ready Meals
- Frozen Potato Products
- Frozen Bakery Products
- Frozen Pizza
- Others
Consumer - Market has been studied from 3 viewpoints:
- Household
- Catering Service Industry
- Others
Distribution - Market has been studied from 2 viewpoints:
- Offline
- Online
Company Insights:
- Overview
- Recent Development
- Revenue
Key Players:
- Sanquan Food
- Informa
- Fujian Anjoy Foods Co Ltd
- Meiji co ltd
- Maruha Nichiro Group
- General Mills
- Shandong Huifa Food co. ltd.
- Apex Frozen Foods Ltd
What is the estimated value of the Chinese Frozen Food Market?
What is the growth rate of the Chinese Frozen Food Market?
What is the forecasted size of the Chinese Frozen Food Market?
Who are the key companies in the Chinese Frozen Food Market?
Report Attribute | Details |
---|---|
No. of Pages | 110 |
Published | February 2022 |
Forecast Period | 2021 - 2027 |
Estimated Market Value ( USD | $ 26.5 Billion |
Forecasted Market Value ( USD | $ 52.1 Billion |
Compound Annual Growth Rate | 11.9% |
Regions Covered | China |
No. of Companies Mentioned | 8 |
Table of Contents
Companies Mentioned
- Sanquan Food
- Informa
- Fujian Anjoy Foods Co Ltd
- Meiji co ltd
- Maruha Nichiro Group
- General Mills
- Shandong Huifa Food co. ltd.
- Apex Frozen Foods Ltd
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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