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Frozen Food Market by Product (Ready Meals, Meat & Poultry, Seafood, Dairy Products, Bakery Products, Vegetables, and Fruits), Type (Raw, Half-cooked, and Ready-to-eat), and Distribution Channel (B2B and B2C) - Global Forecasts to 2029

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    Report

  • 243 Pages
  • December 2022
  • Region: Global
  • Meticulous Market Research Pvt. Ltd.
  • ID: 5702408
The research report titled, “Frozen Food Market by Product (Ready Meals, Meat & Poultry, Seafood, Dairy Products, Bakery Products, Vegetables, and Fruits), Type (Raw, Half-cooked, and Ready-to-eat), and Distribution Channel (B2B and B2C) - Global Forecasts to 2029”, provides an in-depth analysis of the frozen food market across five major geographies and emphasizes on the current market trends, market size, market shares, recent developments, and forecast till 2029. The Global Frozen Food Market is expected to reach $408.05 billion by 2029, at a CAGR of 5.2% during the forecast period, 2022-2029.

The growth of this market is mainly attributed to the increasing demand for convenience food, the growing global cold-chain market, and changing consumer tastes and preferences. Moreover, the increasing digitalization in the retail industry and emerging economies in Asia-Pacific, Latin America, and the Middle East & Africa provide significant opportunities in this market.

The study offers a comprehensive analysis of the frozen food market with respect to the product, type, distribution channel, and geography. The global frozen food market study presents historical market data in terms of value (2020 and 2021), estimated current data (2022), and forecasts for 2029.

The frozen food market is mainly segmented by product (ready meals, meat & poultry, seafood, dairy products, bakery products {bread, pizza crust, cakes & pastries, cookies & biscuits, doughnuts, waffles, and other frozen bakery products}, vegetables, fruits, and other frozen products), type (raw, half-cooked, and ready-to-eat), distribution channel (business-to-business {food services, food manufacturers, and quick service restaurants} and business-to-consumers {Offline [supermarkets & hypermarkets, convenience stores, and other stores] and online}), and geography. The study also evaluates industry competitors and analyzes the market at the country level.

Based on product, the ready meals segment is expected to account for the largest share of the frozen food market in 2022. The large share of this segment is mainly attributed to the changes in the lifestyle, increasing workload amongst the corporate and the working-class population, and the growing preference for ready frozen meals owing to the convenience. Also, the rising popularity amongst the younger generation and the adolescent population as it acts as a cheaper alternative to junk food, and it is easily accessible at different convenience stores and supermarkets, which in turn will further boost the growth of the frozen ready meals market.

Based on type, the bread segment is expected to account for the largest share of the frozen bakery products market in 2022. The large share of this segment is mainly attributed to the rising bread consumption across the globe, growing preference for fast food, changing lifestyles, and an increasing number of ready-to-eat product chains and QSRs. Increasing consumer preference for healthy products is expected to further support the frozen bread segment's growth.

Based on type, the raw material segment is expected to account for the largest share of the frozen food market in 2022. The large share of this segment is mainly attributed to the increased awareness about the nutritional properties of raw frozen food, increasing incidences of obesity and other related diseases, and the growing number of raw labeled food and drink products.

Based on distribution channel, the business-to-business segment is expected to account for the larger share of the frozen food market in 2022. The large share of this segment is mainly attributed to the growing B2B frozen food trading, a growing number of Quick Service Restaurants (QSRs), and rising demand from hotels, restaurants, food chains, cafes, and the food service sector. However, the business-to-consumer segment is expected to witness significant growth during the forecast period.

Geographically, the market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Europe is expected to account for the largest share of the frozen food market in 2022. The large share of this region is primarily attributed to the rising preference for ready-to-eat food, favorable regulations, a well-established cold chain in the region, innovative practices by key players in the industry, technological innovation in the frozen food sector, busier lifestyles of consumers, introduction of various healthy and diet-related frozen meals, increasing working women along with the increase in-one person households, and the growing import of frozen foods.

The key players operating in the frozen food market are General Mills, Inc. (U.S.), Conagra Brands, Inc. (U.S.), Nestlé S.A. (Switzerland), Unilever PLC (U.K.), Kellogg Company (U.S.), McCain Foods Limited (Canada), The Kraft Heinz Company (U.S.), Tyson Foods, Inc. (U.S.), Associated British Foods plc (U.K.), Ajinomoto Co., Inc. (Japan), Vandemoortele NV (Belgium), Lantmännen Unibake International (Denmark), Cargill, Incorporated (U.S.), Europastry, S.A. (Spain), JBS S.A. (Brazil), ARYZTA AG (Switzerland), and Nomad Foods Limited (U.K.), among others.

Scope of the Report

Frozen Food Market, by Product

  • Ready Meals
  • Meat & Poultry
  • Seafood
  • Dairy Products
  • Bakery Products
  • Bread
  • Pizza Crust
  • Cakes & Pastries
  • Cookies & Biscuits
  • Doughnuts
  • Waffles
  • Other Frozen Bakery Products
  • Vegetables
  • Fruits
  • Other Frozen Products

Frozen Food Market, by Type

  • Raw
  • Half-cooked
  • Ready-to-eat

Frozen Food Market, by Distribution Channel

  • Business-to-business (B2B)
  • Food Services
  • Food Manufacturers
  • Quick Service Restaurants (QSRs)
  • Business-to-consumer (B2C)
  • Offline
  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Other Stores
  • Online

Frozen Food Market, by Geography

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe (RoE)
  • Asia-Pacific (APAC)
  • China
  • Japan
  • South Korea
  • Australia
  • India
  • Rest of Asia-Pacific (RoAPAC)
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America (RoLATAM)
  • Middle East & Africa (MEA)

Key Questions Answered in the Report-

  • Which are the high-growth market segments in terms of product, type, distribution channel, and geography?
  • What is the historical market size for the frozen food market?
  • What are the market forecasts and estimates for the period 2022-2029?
  • What are the major drivers, restraints, opportunities, and challenges in the frozen food market?
  • Who are the major players in the market, and what share of the market do they hold?
  • Who are the major players in various countries, and what market share do they hold?
  • How is the competitive landscape for the frozen food market?
  • What are the recent developments in the frozen food market?
  • What are the different strategies adopted by the major players in the market?
  • What are the key geographic trends, and which are the high-growth countries?
  • Who are the local emerging players in the frozen food market, and how do they compete with other players?

Table of Contents

1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-up Approach
2.3.1.2. Top-down Approach
2.3.1.3. Growth forecast
2.4. Assumptions for the Study
2.5. Limitations of the Study
3. Executive Summary
3.1. Introduction
3.2. Segmental Analysis
3.2.1. Frozen Foods Market Analysis: by Product
3.2.2. Frozen Foods Market Analysis: by Type
3.2.3. Frozen Foods Market Analysis: by Distribution Channel
3.3. Regional Analysis
3.4. Key Players
4. Market Insights
4.1. Introduction
4.2. Drivers
4.2.1. Increasing Demand for Convenience Foods
4.2.2. Growing Global Cold-chain Market
4.2.3. Consumers' Changing Tastes & Preferences
4.3. Restraints
4.3.1. Rising Preference for Fresh & Natural Food Products
4.3.2. Constant Temperature Monitoring Requirements of Frozen Food Products
4.4. Opportunities
4.4.1. Increasing Digitalization In the Retail Industry
4.4.2. Emerging Economies in Asia-Pacific, Latin America, and the Middle East & Africa
4.5. Challenges
4.5.1. Lack of Cold-chain Infrastructure in Developing Countries
4.6. The Impact of COVID-19 on the Frozen Foods Market
5. Global Frozen Foods Market, by Product
5.1. Introduction
5.2. Ready Meals
5.3. Meat & Poultry
5.4. Seafood
5.5. Dairy Products
5.6. Bakery Products
5.6.1. Breads
5.6.2. Pizza Crusts
5.6.3. Cakes & Pastries
5.6.4. Cookies & Biscuits
5.6.5. Doughnuts
5.6.6. Waffles
5.6.7. Other Frozen Bakery Products
5.7. Vegetables
5.8. Fruits
5.9. Other Frozen Food Products
6. Global Frozen Foods Market, by Type
6.1. Introduction
6.2. Raw
6.3. Half-cooked
6.4. Ready-to-eat
7. Global Frozen Foods Market, by Distribution Channel
7.1. Introduction
7.2. Business-to-Business (B2B)
7.2.1. Food Services
7.2.2. Food Manufacturers
7.2.3. Quick Service Restaurants (QSR’s)
7.3. Business-to-Consumer (B2C)
7.3.1. Offline
7.3.1.1. Supermarkets & Hypermarkets
7.3.1.2. Convenience Stores
7.3.1.3. Other Stores
7.3.2. Online
8. Frozen Foods Market, by Geography
8.1. Introduction
8.2. Europe
8.2.1. Germany
8.2.2. U.K.
8.2.3. France
8.2.4. Italy
8.2.5. Spain
8.2.6. Rest of Europe (RoE)
8.3. North America
8.3.1. U.S.
8.3.2. Canada
8.4. Asia-Pacific
8.4.1. China
8.4.2. Japan
8.4.3. Australia
8.4.4. South Korea
8.4.5. India
8.4.6. Rest of Asia-Pacific (RoAPAC)
8.5. Latin America
8.5.1. Brazil
8.5.2. Mexico
8.5.3. Argentina
8.5.4. Rest of Latin America (RoLATAM)
8.6. Middle East & Africa
9. Competitive Landscape
9.1. Introduction
9.2. Competitive Benchmarking
9.3. Market Share Analysis
10. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
10.1. General Mills, Inc.
10.2. Conagra Brands, Inc.
10.3. Nestlé S.A.
10.4. Unilever PLC
10.5. Kellogg Company
10.6. Mccain Foods Limited
10.7. The Kraft Heinz Company
10.8. Tyson Foods, Inc.
10.9. Associated British Foods plc
10.10. Ajinomoto Co., Inc.
10.11. Vandemoortele NV
10.12. Lantmännen Unibake International (Part of Lantmännen Group)
10.13. Cargill, Incorporated
10.14. Europastry, S.A.
10.15. JBS S.A.
10.16. ARYZTA AG
10.17. Nomad Foods Limited
11. Appendix
11.1. Questionnaire
11.2. Available Customization

Companies Mentioned

  • General Mills Inc. (U.S.)
  • Conagra Brands Inc. (U.S.)
  • Nestlé S.A. (Switzerland)
  • Unilever PLC (U.K.)
  • Kellogg Company (U.S.)
  • McCain Foods Limited (Canada)
  • The Kraft Heinz Company (U.S.)
  • Tyson Foods Inc. (U.S.)
  • Associated British Foods plc (U.K.)
  • Ajinomoto Co. Inc. (Japan)
  • Vandemoortele NV (Belgium)
  • Lantmännen Unibake International (Denmark)
  • Cargill Incorporated (U.S.)
  • Europastry S.A. (Spain)
  • JBS S.A. (Brazil)
  • ARYZTA AG (Switzerland)
  • Nomad Foods Limited (U.K.).