China Frozen Food Market is expected to attain US$ 56.01 Billion by 2030, according to the publisher. Over the years, the industry of frozen foods in China has evolved hastily. The change in Chinese consumers eating habits has pushed the demand upward and China is in all likelihood to fulfill the developing demand. Packaged frozen food, chilled, or shelf-solid which are prepared to devour or require extra food substances will maintain to become the most important drivers of the growth of frozen food intake rates. As Chinese people stay a faster contemporary lifestyles, spending long hours at work and on public delivery, they don’t have time to cook dinner at home and don’t always sense like eating out.China Frozen Food Market became worth US$ 27.40 Billion in 2022
The target for frozen food industry in China can be further extended to schools, military camps, tourism, the fast food industry, and other fields which will provide an opportunity for expansion. The Key Players are building smart giant factories and storage to focus on cold storage transport, and usage of high-quality ingredients to boost China frozen food industry growth.
As everywhere else in the world, China was also fighting the Covid-19 virus outbreak. One of the most critical factors of frozen food markets’ rapid development was lockdowns, which made people stay at home without any way to go shopping or eat out. This resulted in a higher market demand for cold stored food with prolonged shelf life, as no one ever knew how long each lockdown will last. The frozen product market scale started growing in 2020 and is continuously growing ever since.
China Frozen Food Market will expand at a CGAR of 9.35% during 2022-2030
Due to growing disposable income and increasing urbanization, China is anticipated to emerge as a significant force in boosting the buying potential for frozen meals items. The country offers flavor surroundings for the swift proliferation of meals institutions, aided via the government’s efforts to decrease tariff boundaries on frozen food imports. Frozen products from multinational brands stay noticeably expensive in China. Nevertheless, discerning and health-aware Chinese consumers are willing to invest in pleasant, showing a readiness to allocate their assets towards such offerings. The frozen grocery store in China is growing and it offers plenty of recent opportunities for domestic and overseas businesses. New trends and lifestyle choices of Chinese work people in the favor of the frozen food industry, as people generally tend to look for fast and convenient approaches to eat amazing meals. Further, the overall distribution channel improvement current in the nation-states of the frozen food market in China is boosting the market.The growing preference towards convenience fuels the growing demand for frozen products because of their handy and time-saving useful aspect in comparison to cooking from scratch. The hectic lifestyle of the working Chinese population is majorly boosting the frozen food market. Significantly, the frozen snacks are predicted to develop because of the rising fashion of snacking, especially amongst adults and young adults. China Frozen Foods Market became worth US$ 27.40 Billion in 2022.
With growing disposable earnings and growing urbanization, China is expected to become a key driving force in the purchasing energy of frozen Fish/sea merchandise
By Product Type, Chinese frozen food Market is split into Frozen Fish/Sea Food, Frozen Meat, Frozen Ready Meals, Frozen Potato Products, Frozen Bakery Products,Frozen Pizza & Others. Frozen fish and seafood command a massive market percentage in the China's frozen food industry due to factors like rising incomes, urbanization, and Western culinary influences. These premium alternatives have become delicacies, catering to an extra prosperous center class seeking diverse dining studies. For instance, frozen Alaskan pollock represents an US$ 883 Million annual import, even as cuttlefish, squid, and cod fish additionally command high values. Luxury types like frozen king crab and lobster gain traction, in particular in city regions. China's frozen crab exports convey in $170 million yearly, and the country imports nearly half a billion bucks' really worth of lobster, along with rock and Homarus species, yearly.Urbanization and rapid-paced life drove retail customers to choose convenient, numerous, and without difficulty prepared frozen food merchandise
By End-User, China Frozen Food Market is segmented into Food Service Industry and Retail Users. The retail users market is a linchpin of China's thriving frozen food industry. This segment includes a various array of consumers, from urban families to rural communities, and performs a pivotal role in shaping the industry trajectory. As China's population keeps to urbanize and existence turn out to be more and more speedy-paced, the demand for frozen meals products has surged. This trend is driven via the benefit, longer shelf existence, and simplicity of preparation that frozen meals offer. Supermarkets, hypermarkets, comfort stores, and e-commerce structures are key players in serving the retail person market. They provide a wide variety of frozen alternatives to cater to the evolving tastes and consumer options.Offline distribution remains the leading distribution channel in China and is predicted to reveal respectable growth in the future
By Distribution Channel, China Frozen Food Market is split into Offline and Online. China's offline distribution market for frozen food is an important driver of the sectors prosperity and expansion. It encompasses traditional brick-and-mortar channels like supermarkets, comfort shops, and uniqueness frozen food shops, ensuring huge client access. Supermarkets, a cornerstone of this market, offer diverse frozen alternatives for one-forestall purchasing convenience. Convenience stores attention on brief, on-the-go selections, which include frozen snacks and equipped-to-consume food. Meanwhile, specialty frozen meals stores cater to discerning customers in search of precise or top class frozen alternatives. Altogether, this offline distribution network complements China's evolving frozen meals industry, making sure accessibility and convenience to a wide array of customers across one-of-a-kind demographics and regions.Key Player
General Mills, Sanquan Food, Fujian Anjoy Foods Co Ltd, Meiji co ltd, Shandong Huifa Food co. Ltd., Maruha Nichiro Group, Apex Frozen Foods Ltd and Conagra Brands Inc are the most important companies in the China Frozen Food Market.The report 'China Frozen Food Market, Forecast By Product Type (Frozen Fish/Sea Food, Frozen Meat, Frozen Ready Meals, Frozen Potato Products, Frozen Bakery Products,Frozen Pizza & Others), End-User (Food Service Industry and Retail Users), Distribution Channel (Online and Offline), Companies (General Mills, Sanquan Food, Fujian Anjoy Foods Co Ltd, Meiji co ltd, Shandong Huifa Food co. Ltd., Maruha Nichiro Group, Apex Frozen Foods Ltd and Conagra Brands Inc)' provides a detailed analysis of China Frozen Food Industry.
Product Type - Market has been studied from 7 viewpoints:
1. Frozen Fish/Sea Food2. Frozen Meat
3. Frozen Ready Meals
4. Frozen Potato Products
5. Frozen Bakery Products
6. Frozen Pizza
7. Others
End-User - Market has been studied from 3 viewpoints:
1. Food Service Industry2. Retail Users
Distribution - Market has been studied from 2 viewpoints:
1. Offline2. Online
Company Insights:
- Overview
- Recent Development
- Revenue
Key Players:
1. General Mills2. Sanquan Food
3. Fujian Anjoy Foods Co Ltd.
4. Meiji co ltd.
5. Shandong Huifa Food Co. ltd.
6. Maruha Nichiro Group
7. Apex Frozen Foods Ltd.
8. Conagra Brands Inc.
Table of Contents
Companies Mentioned
- General Mills
- Sanquan Food
- Fujian Anjoy Foods Co Ltd.
- Meiji co ltd.
- Shandong Huifa Food Co. ltd.
- Maruha Nichiro Group
- Apex Frozen Foods Ltd.
- Conagra Brands Inc.
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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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 110 |
Published | September 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 27.4 Billion |
Forecasted Market Value ( USD | $ 56.01 Billion |
Compound Annual Growth Rate | 9.3% |
Regions Covered | China |
No. of Companies Mentioned | 8 |