Frozen Food Market Trends, Size, Share, Growth Opportunities and Emerging Technologies to 2029


Posted March 24, 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:

The growth of the frozen food market is being driven by factors such as rising demand and consumption of frozen foods in developing markets across Asia, particularly in India and China. The rise in disposable incomes, as well as the revolution in lifestyle and food habits, are important factors driving market growth in these regions. Furthermore, the rapid expansion of a number of large retail chains with hypermarkets and supermarkets has increased demand for frozen food in emerging Asian countries.

Due to an increase in demand for organic produce, consumers are willing to look for fresh fruits and vegetables, fish, and fruits that do not have a limited shelf life. Because most organic produce spoils quickly, supermarket chains resort to freezing desired frozen meals. Cryogenically frozen foods have a longer shelf life and are free of contaminants. Buyers gravitate towards these items, allowing the frozen food industry to thrive.

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Market Scope:

The Frozen Food Market Report provides comprehensive knowledge and understanding of trends, dynamics, and other topics. The study identifies the most significant trends that will have an impact on the business. It assists in the identification of the information contained in the research by determining the competitive landscape of key companies, market factors, and other aspects that can help you determine whether your current marketing plans are on track and how to improve them. The study also covers the investment options available to investors in the micro market, as well as a comprehensive analysis of key products offered by the companies. The qualitative and quantitative data presented in the Frozen Food market study can assist decision-makers in determining which market segments, region by region, to target.

Segmentation:

The global frozen food market is divided into the food service industry and retail customers based on the end-user. With a 54.1% market share in 2021, the food service industry was the industry with the largest share. This is because the food service sector consumes a significant number of frozen meals. The food service industry includes hotel operators, fast food chains, reliance retail stores, chefs, and other business entities. Additionally, frozen food is growing in popularity in the food service sector due to its ability to be preserved and used for a longer period, which lowers operational costs.

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Key Players:

General Mills Inc.
Ajinomoto Co., Inc.
Iceland Foods Ltd.
Mc Cain foods
ConAgra Foods Inc.
Maple Leaf Foods Inc.
BRF SA
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
The competitive environment is an important aspect that all major players need to be familiar with. The most important aspects of applications, production, product portfolio, etc. In addition, the companies included in the report are considered based on key factors such as company size, market share, market growth, revenue, production, and profits.

Regional Analysis:

Geographically, this report is divided into several key countries, each with its own market size, growth rate, import and export of Frozen Food, covering North America, Europe, Asia Pacific, Australia, ASIAN Countries, Rest of APAC, South America, Middle East, and Africa. The report highlights the Frozen Food market competition scenario to understand the competition at both the domestic and global levels.

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Key Questions answered in the Frozen Food Market Report are:

Which product segment grabbed the largest share in the Frozen Food market?
How is the competitive scenario of the Frozen Food market?
Which are the key factors aiding the Frozen Food market growth?
Which region holds the maximum share in the Frozen Food market?
What will be the CAGR of the Frozen Food market during the forecast period?
Which application segment emerged as the leading segment in the Frozen Food market?
Which are the prominent players in the Frozen Food market?
What key trends are likely to emerge in the Frozen Food market in the coming years?
What will be the Frozen Food market size by 2027?
Which company held the largest share in the Frozen Food market?
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Issued By MMR
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Categories Food
Tags frozen food market
Last Updated March 24, 2023