Frozen, Canned and Dried Food Global Market Report 2024

The frozen, canned and dried food market size has grown strongly in recent years. It will grow from $456.88 billion in 2023 to $486.75 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth observed in the historical period can be attributed to several factors, including the expansion of globalization and trade, increased demand for military and emergency food supplies, the rise in popularity of convenience foods, considerations for health and nutrition, economic factors influencing affordability, and the need to preserve seasonal produce.

The frozen, canned and dried food market size is expected to see strong growth in the next few years. It will grow to $614.71 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. Forecasted growth is driven by natural, clean label products, sustainability, plant-based proteins, convenience foods, and preservative-free items. Major trends include flavor innovation, e-commerce expansion, convenience-driven advancements, food processing tech evolution, and increased customization in the food industry.

The frozen, canned, and dried food markets are anticipated to experience positive growth during the forecast period, driven by increasing consumer demand for local, sustainable, and organic food production. The emphasis on organic food aligns with consumer concerns regarding health, environmental impact, and animal welfare. In the United States, for example, the Organic Trade Association reported a 4.5% increase in sales of organic fruits and vegetables, generating $21 billion in revenue, constituting 15% of the total product market in 2021. This trend offers significant opportunities for producers in both developed and developing countries within the frozen, canned, and dried food markets, indicating potential growth during the forecast period.

The growth of the frozen, canned, and dried food market is further fueled by the rising demand for convenience food. Convenience food, characterized by pre-packaged or processed products that are quick and easy to prepare, caters to consumers seeking time-saving meal options. The convenience factor, coupled with minimal cooking requirements, makes these preserved food categories preferred choices for busy individuals and households. Additionally, the extended shelf life and ease of storage associated with these products contribute to their growing popularity. In 2021, U.S. exports of processed foods to India experienced a substantial 70% increase, reaching $259.7 million. This exemplifies the global surge in demand for convenient food options, further propelling the growth of the frozen, canned, and dried food market.

The frozen, canned, and dried food markets faced significant challenges in 2020 due to the disruptive impact of the COVID-19 pandemic. The outbreak led to disruptions in supply chains, primarily driven by trade restrictions and decreased consumption resulting from global lockdowns. COVID-19, characterized by flu-such as symptoms, emerged in Wuhan, China, in 2019 and rapidly spread worldwide, affecting regions such as Western Europe, North America, and Asia. The dependence of food and beverage manufacturers on raw material supplies from domestic and international sources faced constraints as governments imposed restrictions on the movement of goods. Consequently, manufacturing operations experienced halts due to raw material shortages, trade limitations on non-essential goods, and concerns about contamination within facilities. The negative repercussions persisted throughout 2020 and into 2021. However, it is anticipated that the frozen, canned, and dried food markets will rebound from this unforeseen event throughout the forecast period, considering it as a black swan occurrence unrelated to inherent weaknesses in the market or the global economy.

Frozen food manufacturers are increasingly adopting advanced technologies, such as Individual Quick Freezing (IQF), to enhance the yield and quality of their frozen food products. The IQF process entails transferring individual food items onto a conveyor belt that moves them into a blast freezer for rapid freezing. Unlike as bulk or block freezing, the IQF method freezes each piece of food separately, resulting in a yield improvement of 1.5–3%. This technique contributes to the production of higher-quality frozen foods with enhanced nutritional value and reduced wastage. Noteworthy examples of IQF foods encompass various fruits such as blueberries, strawberries, and peaches, as well as vegetables such as corn, peas, and green beans. The anticipated growth of the global IQF vegetable market, reaching $2 billion by 2026, underscores the substantial demand for IQF food products in the foreseeable future.

Leading companies within the frozen, canned, and dried food markets are strategically focusing on the development of plant-based food offerings to secure a competitive advantage. Plant-based products primarily rely on ingredients derived from plants, minimizing or excluding the use of animal-derived components. As an illustration, in August 2023, Nestlé S.A., a prominent Switzerland-based food company, introduced shelf-stable plant-based products under the Maggi Veg brand. This innovative product range includes the company's inaugural shelf-stable plant-based minced meat crafted from soy, providing a high-quality protein source and fiber. These plant-based alternatives are designed to substitute for meat in popular dishes such as tacos, empanadas, or spaghetti Bolognese, offering consumers flavorful and nutritious options. Nestlé's Maggi Veg lineup in Chile also features a lentil, rice, and vegetable soup, rich in protein and fiber, allowing consumers to personalize their meals with additional ingredients.

Major companies operating in the frozen, canned and dried food market report are Nestle S.A., JBS S.A., Unilever PLC, Tyson Foods Inc., Abbott Laboratories, The Kraft Heinz Company, Toyo Suisan Kaisha Ltd., General Mills lnc., Kellogg Company, Hormel Foods Corporation, Conagra Brands Inc., The Hershey Company, Ajinomoto Co. Inc., The Campbell Soup Company, McCain Foods Limited, The J.M. Smucker Company, Nichirei Corporation, Birds Eye Foods Inc., Greenyard NV, Maruha Nichiro Corporation, Lamb Weston Holdings Inc., Pinnacle Foods Inc., Nomad Foods Ltd., The Schwan Food Company, Bonduelle SCA, Del Monte Pacific Limited, B&G Foods Inc., The Hain Celestial Group Inc., Seneca Foods Corporation, Dr. Oetker GmbH.

Asia-Pacific was the largest region in the frozen, canned, and dried food market in 2023. Western Europe was the second-largest region in the frozen, canned, and dried food market. The regions covered in the frozen, canned and dried food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the frozen, canned and dried food market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.

Primary types within these categories include frozen, canned, and ambient foods. Frozen food remains in a frozen state from preparation to consumption. Distribution channels include supermarkets, hypermarkets, convenience stores, e-commerce, and others, catering to users in the foodservice industry and retail sector.

The frozen, canned, and dried food research report is one of a series of new reports that provides frozen, canned and dried food statistics, including frozen, canned and dried food industry global market size, regional shares, competitors with frozen and fruit and vegetable share, detailed frozen, canned and dried food segments, market trends and opportunities, and any further data you may need to thrive in the frozen, canned and dried food industry. This frozen, canned, and dried food research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The frozen, canned, and dried food market consists of sales of frozen fruit, frozen juices, frozen vegetables, canned, pickled, and dried fruits, vegetables, frozen specialty foods, frozen dinners, entrees, side dishes, pizza, whipped toppings, waffles, pancakes, French toast, and other frozen and fruit and vegetables. This market does not include unprocessed fruit and vegetables which are part of the agricultural market, meat products, ice creams and frozen desserts. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.


The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.