Frozen Food Market Investment Opportunities, Future Trends, Business Demand and Growth Forecast 2029

Posted March 8, 2023 by pranit10

Frozen Food Market size was valued at US$ 257 Bn in 2021 and the total revenue is expected to grow at 5.2 % through 2022 to 2029, reaching nearly US$ 385.53 Bn.

Frozen Food Market Overview:

Before being cooked, frozen foods are kept in the refrigerator after being frozen. Thawing food slows down decomposition and stops the majority of microbial pathogens from growing by freezing any remaining moisture. Frozen food products can be kept and used for a very long time. The most popular frozen food products include convenience foods, fruits and vegetables, poultry and fish, chicken and turkey, soups, and a similar assortment of goods. Due to rising frozen food consumption globally, the frozen food market is anticipated to grow over the coming years.

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Market Scope:

The demand for and consumption of frozen foods in developing markets throughout Asia, primarily in India and China, are some of the factors driving the market's expansion. Key elements that boost market growth in these regions include the rise in disposable incomes as well as the revolution in eating and living habits. Additionally, a sudden increase in large retail chains that include supermarkets and hypermarkets has increased the demand for frozen food in developing Asian nations.

A rise in demand for organic produce has encouraged consumers to look for fresh fruits and vegetables, fish, and produce that doesn't have a short shelf life. Since organic produce generally spoils quickly, supermarket chains freeze desired frozen meals for their patrons. Cryogenically frozen food products have a longer shelf life and are contaminant-free. These products are in high demand, which helps the frozen food industry grow.

According to the International Labor Organization's "World Employment Social Outlook," unemployment rates have recently decreased significantly in high-income countries like the United States, the United Kingdom, France, and Canada. Additionally, it is estimated that 3.3 billion people aged 15 and up are employed globally. The use of frozen food products as a convenient way to prepare meals is constantly growing due to the high number of people who work.

The main obstacles for the industry in the developing frozen food market, however, are a lack of adequate refrigeration facilities in retail stores and a lack of distribution facilities in rural areas.


The global Frozen Food market is divided into two segments: Food Service Industry and Retail Customers. In 2021, the Food Service Industry segment held the largest market share of 54.1%. This is because the food service industry consumes frozen meals in large quantities. The food service industry includes hotel operators, fast food restaurants, reliance retail outlets, chefs, and other commercial entities. Furthermore, frozen food is becoming more popular in the food service industry because it can be stored and used for an extended period of time, lowering operational costs.

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Key Players:

Iceland Foods Ltd.
Mc Cain foods
ConAgra Foods Inc.
Maple Leaf Foods Inc.
Tyson Foods Inc.
Mother Dairy Fruit & Vegetable Pvt. Ltd.
Pinnacle Foods Inc.
Kraft Foods Inc.
Unilever PLC
Amy's Kitchen, Inc.
J. Heinz Company.
The Schwan Food Company
Quirch Foods Company
Rich Products Corporation
Kellogg Company
Mccain Foods Limited
Vandemoortele Nv
Regional Analysis:

Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America are regions that make up the Frozen Food market. The market's key geographies, as well as segments and sub-segments, are analyzed in the Frozen Food Industry Research. The geographic condition of the region and total market revenue are included in the Frozen Food market study, as well as an in-depth look at the business chain structure, opportunities, and company reports.

Key Questions answered in the Frozen Food Market Report are:

What is Frozen Food Market?
What is the forecast period of the Frozen Food Market?
What is the competitive scenario of the Frozen Food market?
Which region held the largest market share in the Frozen Food Market?
What are the opportunities for the Frozen Food Market?
What factors are affecting the Frozen Food market growth?
Who are the key players of the Frozen Food market?
Which company held the largest share in the Frozen Food market?
What will be the CAGR of the Frozen Food market during the forecast period?
What key trends are likely to emerge in the Frozen Food market in the coming years?
Key offerings:

Market Share, Size, and Forecast by Revenue|2022-2029.
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: A detailed analysis by Frozen Food
Landscape- Leading key players and other prominent key players.
About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Categories Food
Tags frozen food market
Last Updated March 8, 2023