Global Frozen Food Market Valued at USD 251.5 Billion in 2022, Expected to Grow at a CAGR of 5.1% from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Frozen Food market size accounted for USD 251.5 Billion in 2022, growing at a CAGR of 5.1% from 2023 to 2033. The frozen food market refers to the segment of the food industry that involves the production, distribution, and sale of food products that have been subjected to freezing or deep freezing to extend their shelf life. These products are commonly found in the frozen section of grocery stores and include a wide range of options such as fruits, vegetables, meats, seafood, ready meals, snacks, ice cream, and desserts. The frozen food market is a significant and growing sector within the food industry. The market size is influenced by factors such as changing consumer lifestyles, urbanization, increasing disposable income, busy schedules, and convenience-driven food choices.

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Key Highlights:

  • The global Frozen Food Market size was valued at USD 5 billion in 2022 growing at a CAGR of 5.1% from 2023 to 2033.
  • North America dominated the market in 2022
  • Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has published a new market research report on Global Frozen Food Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

In terms of COVID 19 impact, the Frozen Food market report also includes the following data points:

  • COVID19 Impact on Frozen Food market size
  • End-User/Industry/Application Trend, and Preferences
  • Government Policies/Regulatory Framework
  • Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
  • Opportunity in Frozen Food market

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Key Players

Some of the major Frozen Food players holding high market share include Ajinomoto Co., Inc., Aryzta AG, Associated British Foods plc, and Cargill. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:

  • Ajinomoto Co., Inc.
  • Aryzta AG
  • Associated British Foods plc
  • Cargill Incorporated
  • Conagra Brands, Inc.
  • General Mills, Inc.
  • JBS S.A.
  • Kellogg Company
  • Nestle S.A.
  • The Kraft Heinz Company

Segmental Analysis

Market Segment By Product with focus on market share, consumption trend, and growth rate of Frozen Food Market:

  • Frozen Ready meals
  • Frozen seafood
  • Frozen meat and poultry
  • Frozen fruit and vegetables
  • Frozen potatoes
  • Frozen soups

Market Segment By end-user with a focus on market share, consumption trend, and growth rate of the Frozen Food Market:

  • Food service industry
  • Retail users
Parameters Details
Market Size (2022) $ 251.5 Billion
CAGR (2023 to 2033) 5.1%
Market Segmentation Product, End User
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America

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Global Frozen Food Geographic Coverage:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Nordic Countries
    • Benelux
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Australia
    • Rest of Asia Pacific
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of MEA
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Rest of Latin America

Reasons to Buy this Report:

  • Detail analysis of the impact of market drivers, restraints, and opportunities
  • Competitive Intelligence provides an understanding of the ecosystem
  • Details analysis of the Total Addressable Market (TAM) of your products
  • Investment Pockets and New Business Opportunities
  • Demand-supply gap analysis
  • Strategy Planning

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.

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