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China Frozen Food Market, Size, Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis

  • ID: 5546207
  • Report
  • February 2022
  • Region: China
  • 110 Pages
  • Renub Research

FEATURED COMPANIES

  • Apex Frozen Foods Ltd
  • Fujian Anjoy Foods Co Ltd
  • General Mills
  • Informa
  • Maruha Nichiro Group
  • Meiji co ltd
China Frozen Food Market is expected to reach US$ 52.1 Billion in 2027. Over the past years, a broader demographic has drifted towards frozen food in China. Chinese consumers, specifically white collar workers, often prefer its convenience and differentia. As the pace of life gets more instantaneous in China, the frozen food industry in China persists in growing. Further, the rapid development of the cold chain helps numerous frozen food brand radiation range to expand. Besides, the development of the cold chain is promoting frozen food companies to improve the quality and flavor of their products in the frozen food market. Hence, we expect the Chinese cold chain to expand and continue to expand during 2021-2027.



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
Frequently Asked Questions about the Chinese Frozen Food Market

What is the estimated value of the Chinese Frozen Food Market?

The Chinese Frozen Food Market was estimated to be valued at $26.5 Billion in 2021.

What is the growth rate of the Chinese Frozen Food Market?

The growth rate of the Chinese Frozen Food Market is 11.9%, with an estimated value of $52.1 Billion by 2027.

What is the forecasted size of the Chinese Frozen Food Market?

The Chinese Frozen Food Market is estimated to be worth $52.1 Billion by 2027.

Who are the key companies in the Chinese Frozen Food Market?

Key companies in the Chinese Frozen Food Market include Sanquan Food, Informa, Fujian Anjoy Foods Co Ltd, Meiji co ltd, Maruha Nichiro Group, General Mills and Apex Frozen Foods Ltd.

FEATURED COMPANIES

  • Apex Frozen Foods Ltd
  • Fujian Anjoy Foods Co Ltd
  • General Mills
  • Informa
  • Maruha Nichiro Group
  • Meiji co ltd

1. Introduction2. Research & Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. China Frozen Food Market
6. Market Share - China Frozen Food Analysis
6.1 By Product
6.2 By Consumer
6.3 By Distribution
7. Product Type - China Frozen Food Market
7.1 Frozen Fish/Sea Food
7.2 Frozen Meat
7.3 Frozen Ready Meals
7.4 Frozen Potato Products
7.5 Frozen Bakery Products
7.6 Frozen Pizza
7.7 Others
8. Consumer - China Frozen Food Market
8.1 Household
8.2 Catering Service Industry
8.3 Others
9. Distribution - China Frozen Food Market
9.1 Offline
9.2 Online
10. Supply Chain Management - China Frozen Food Market
11. Porters Five Forces
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12. Key Players
12.1 Sanquan Food
12.1.1 Overview
12.1.2 Recent Development
12.1.3 Revenue
12.2 Informa
12.2.1 Overview
12.2.2 Recent Development
12.2.3 Revenue
12.3 Fujian Anjoy Foods Co Ltd
12.3.1 Overview
12.3.2 Recent Development
12.3.3 Revenue
12.4 Meiji co ltd
12.4.1 Overview
12.4.2 Recent Development
12.4.3 Revenue
12.5 Maruha Nichiro Group
12.5.1 Overview
12.5.2 Recent Development
12.5.3 Revenue
12.6 General Mills
12.6.1 Overview
12.6.2 Recent Development
12.6.3 Revenue
12.7 Shandong Huifa Food co. ltd.
12.7.1 Overview
12.7.2 Recent Development
12.7.3 Revenue
12.8 Apex Frozen Foods Ltd
12.8.1 Overview
12.8.2 Recent Development
12.8.3 Revenue
List of Figures
Figure 01: China Frozen Food Market (Million US$), 2016 - 2021
Figure 02: Forecast for - China Frozen Food Market (Million US$), 2022 - 2027
Figure 03: Product Type - Frozen Fish/Sea Food Market (Million US$), 2016 - 2021
Figure 04: Product Type - Forecast for Frozen Fish/Sea Food Market (Million US$), 2022 - 2027
Figure 05: Product Type - Frozen Meat Market (Million US$), 2016 - 2021
Figure 06: Product Type - Forecast for Frozen Meat Market (Million US$), 2022 - 2027
Figure 07: Product Type - Frozen Ready Meals Market (Million US$), 2016 - 2021
Figure 08: Product Type - Forecast for Frozen Ready Meals Market (Million US$), 2022 - 2027
Figure 09: Product Type - Frozen Potato Products Market (Million US$), 2016 - 2021
Figure 10: Product Type - Forecast for Frozen Potato Products Market (Million US$), 2022 - 2027
Figure 11: Product Type - Frozen Bakery Products Market (Million US$), 2016 - 2021
Figure 12: Product Type - Forecast for Frozen Bakery Products Market (Million US$), 2022 - 2027
Figure 13: Product Type - Frozen Pizza Market (Million US$), 2016 - 2021
Figure 14: Product Type - Forecast for Frozen Pizza Market (Million US$), 2022 - 2027
Figure 15: Product Type - Others Market (Million US$), 2016 - 2021
Figure 16: Product Type - Forecast for Others Market (Million US$), 2022 - 2027
Figure 17: Consumer - Household Market (Million US$), 2016 - 2021
Figure 18: Consumer - Forecast for Household Market (Million US$), 2022 - 2027
Figure 19: Consumer - Catering Service Industry Market (Million US$), 2016 - 2021
Figure 20: Consumer - Forecast for Catering Service Industry Market (Million US$), 2022 - 2027
Figure 21: Consumer - Others Market (Million US$), 2016 - 2021
Figure 22: Consumer - Forecast for Others Market (Million US$), 2022 - 2027
Figure 23: Distribution - Offline Market (Million US$), 2016 - 2021
Figure 24: Distribution - Forecast for Offline Market (Million US$), 2022 - 2027
Figure 25: Distribution - Online Market (Million US$), 2016 - 2021
Figure 26: Distribution - Forecast for Online Market (Million US$), 2022 - 2027
Figure 27: Sanquan Food - Global Revenue (Million US$), 2016 - 2021
Figure 28: Sanquan Food - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 29: Informa - Global Revenue (Million US$), 2016 - 2021
Figure 30: Informa - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 31: Fujian Anjoy Foods Co Ltd - Global Revenue (Million US$), 2016 - 2021
Figure 32: Fujian Anjoy Foods Co Ltd - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 33: Meiji co ltd - Global Revenue (Million US$), 2016 - 2021
Figure 34: Meiji co ltd - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 35: Maruha Nichiro Group - Global Revenue (Million US$), 2016 - 2021
Figure 36: Maruha Nichiro Group - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 37: General Mills - Global Revenue (Million US$), 2016 - 2021
Figure 38: General Mills - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 39: Shandong Huifa Food co. ltd. - Global Revenue (Million US$), 2016 - 2021
Figure 40: Shandong Huifa Food co. ltd. - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 41: Apex Frozen Foods Ltd - Global Revenue (Million US$), 2016 - 2021
Figure 42: Apex Frozen Foods Ltd - Forecast for Global Revenue (Million US$), 2022 - 2027
List of Tables
Table 01: China Frozen Food Market Share by Product (Percent), 2018 - 2021
Table 02: Forecast for - China Frozen Food Market Share by Product (Percent), 2022 - 2027
Table 03: China Frozen Food Market Share by Consumer (Percent), 2018 - 2021
Table 04: Forecast for - China Frozen Food Market Share by Consumer (Percent), 2022 - 2027
Table 05: China Frozen Food Market Share by Distribution (Percent), 2018 - 2021
Table 06: Forecast for - China Frozen Food Market Share by Distribution (Percent), 2022 - 2027
  • 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

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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