Frozen Foods Market: Information by Type (Frozen [Fruits & Vegetables, Meat & Poultry and Seafood], Frozen Processed [Bakery Products, Dairy & Desserts, Meat & Poultry, Seafood, Soups and Others], Distribution Channel (Store-Based [Supermarkets & Hypermarkets, Convenience Stores and Others] and Non-Store-Based) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2030
ID: MRFR/F-B & N/6116-CR | February 2021 | Region: Global | 100 Pages
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 15
1.1.1 GLOBAL FROZEN FOOD MARKET, BY PRODUCT TYPE 15
1.1.2 GLOBAL FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL 16
1.1.3 GLOBAL FROZEN FOOD MARKET, BY REGION 17
2 MARKET INTRODUCTION
2.1 DEFINITION 18
2.2 SCOPE OF THE STUDY 18
2.3 RESEARCH OBJECTIVE 18
2.4 MARKET STRUCTURE 19
2.5 KEY BUYING CRITERIA 19
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 20
3.2 PRIMARY RESEARCH 21
3.3 SECONDARY RESEARCH 22
3.4 MARKET SIZE ESTIMATION 23
3.5 FORECAST MODEL 24
3.6 LIST OF ASSUMPTIONS 25
4 MARKET DYNAMICS
4.1 INTRODUCTION 26
4.2 DRIVERS 27
4.2.1 RISING DEMAND FOR CONVENIENCE FOOD 27
4.2.2 INCREASING NUMBER OF WORKING WOMEN 27
4.2.3 GROWTH OF THE ORGANIZED RETAIL SECTOR IN ASIA-PACIFIC 27
4.2.4 DRIVERS IMPACT ANALYSIS 28
4.3 RESTRAINT 28
4.3.1 REGULATORY FRAMEWORK 28
4.3.2 RESTRAINTS IMPACT ANALYSIS 29
4.4 OPPORTUNITIES 30
4.4.1 DEVELOPMENT OF THE COLD CHAIN MARKET IN EMERGING ECONOMIES 30
4.4.2 DEMAND FOR ORGANIC PRODUCTS 30
4.5 CHALLENGE 30
4.5.1 BRANDING ISSUES 30
5 MARKET FACTOR ANALYSIS
5.1 VALUE CHAIN ANALYSIS 31
5.1.1 RAW MATERIAL PROCUREMENT 32
5.1.2 PROCESSING 32
5.1.3 PACKAGING 32
5.2 SUPPLY CHAIN ANALYSIS 32
5.3 PORTER’S FIVE FORCES MODEL 33
5.3.1 THREAT OF NEW ENTRANTS 35
5.3.2 BARGAINING POWER OF SUPPLIERS 35
5.3.3 THREAT OF SUBSTITUTES 35
5.3.4 BARGAINING POWER OF BUYERS 35
5.3.5 INTENSITY OF RIVALRY 35
6 IMPACT OF THE COVID-19 OUTBREAK ON THE GLOBAL FROZEN FOOD MARKET
7 FROZEN FOOD MARKET, BY PRODUCT TYPE
7.1 OVERVIEW 37
7.1.1 GLOBAL FROZEN FOOD MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2020-2027 38
7.2 FROZEN 38
7.2.1 FROZEN: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 39
7.3 FROZEN PROCESSED 39
7.3.1 FROZEN PROCESSED: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 40
8 FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
8.1 OVERVIEW 41
8.1.1 GLOBAL FROZEN FOOD MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2020-2027 42
8.2 STORE-BASED 42
8.2.1 STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 42
8.3 NON-STORE-BASED 43
8.3.1 NON-STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 43
9 GLOBAL FROZEN FOOD MARKET, BY REGION
9.1 OVERVIEW 44
9.2 NORTH AMERICA 46
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.2.1 US 48
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.2.2 CANADA 49
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.2.3 MEXICO 50
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.3 EUROPE 51
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.3.1 UK 54
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.3.2 GERMANY 55
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.3.3 FRANCE 56
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.3.4 ITALY 57
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.3.5 SPAIN 58
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.3.6 DENMARK 59
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.3.7 NORWAY 60
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.3.8 SWEDEN 61
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.3.9 FINLAND 62
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.3.10 REST OF EUROPE 63
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.4 ASIA-PACIFIC 64
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.4.1 CHINA 66
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.4.2 INDIA 67
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.4.3 JAPAN 68
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.4.4 SOUTH KOREA 69
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.4.5 AUSTRALIA & NEW ZEALAND 70
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.4.6 REST OF ASIA-PACIFIC 71
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.5 REST OF THE WORLD 73
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.5.1 SOUTH AMERICA 75
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.5.2 MIDDLE EAST 76
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.5.3 AFRICA 77
FROZEN FOOD MARKET, BY PRODUCT TYPE
FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
10 COMPETITIVE LANDSCAPE
10.1 INTRODUCTION 78
10.1.1 MARKET STRATEGY ANALYSIS 78
10.2 COMPETITIVE BENCHMARKING 79
10.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 80
10.3.1 PRODUCT LAUNCH 80
10.3.2 ACQUISITION 81
10.3.3 PARTNERSHIP 82
10.3.4 EXPANSION 82
11 COMPANY PROFILES
11.1 GENERAL MILLS, INC. 84
11.1.1 COMPANY OVERVIEW 84
11.1.2 FINANCIAL OVERVIEW 84
11.1.3 PRODUCTS OFFERED 85
11.1.4 KEY DEVELOPMENTS 86
11.1.5 SWOT ANALYSIS 86
11.1.6 KEY STRATEGIES 86
11.2 TYSON FOODS, INC. 87
11.2.1 COMPANY OVERVIEW 87
11.2.2 FINANCIAL OVERVIEW 87
11.2.3 PRODUCTS OFFERED 88
11.2.4 KEY DEVELOPMENTS 89
11.2.5 SWOT ANALYSIS 90
11.2.6 KEY STRATEGIES 90
11.3 GRUPO BIMBO 91
11.3.1 COMPANY OVERVIEW 91
11.3.2 FINANCIAL OVERVIEW 91
11.3.3 PRODUCTS OFFERED 92
11.3.4 KEY DEVELOPMENTS 92
11.3.5 SWOT ANALYSIS 93
11.3.6 KEY STRATEGIES 93
11.4 CONAGRA BRANDS, INC. 94
11.4.1 COMPANY OVERVIEW 94
11.4.2 FINANCIAL OVERVIEW 94
11.4.3 PRODUCTS OFFERED 95
11.4.4 KEY DEVELOPMENTS 96
11.4.5 SWOT ANALYSIS 97
11.4.6 KEY STRATEGIES 97
11.5 ASSOCIATED BRITISH FOODS PLC 98
11.5.1 COMPANY OVERVIEW 98
11.5.2 FINANCIAL OVERVIEW 98
11.5.3 PRODUCTS OFFERED 99
11.5.4 KEY DEVELOPMENTS 99
11.5.5 KEY STRATEGIES 99
11.6 NESTLÉ S.A. 100
11.6.1 COMPANY OVERVIEW 100
11.6.2 FINANCIAL OVERVIEW 100
11.6.3 PRODUCTS OFFERED 101
11.6.4 KEY DEVELOPMENTS 102
11.6.5 SWOT ANALYSIS 103
11.6.6 KEY STRATEGIES 103
11.7 UNILEVER PLC 104
11.7.1 COMPANY OVERVIEW 104
11.7.2 FINANCIAL OVERVIEW 104
11.7.3 PRODUCTS OFFERED 105
11.7.4 KEY DEVELOPMENTS 106
11.7.5 KEY STRATEGIES 106
11.8 AJINOMOTO CO., INC. 107
11.8.1 COMPANY OVERVIEW 107
11.8.2 FINANCIAL OVERVIEW 107
11.8.3 PRODUCTS OFFERED 108
11.8.4 KEY DEVELOPMENTS 108
11.8.5 KEY STRATEGIES 108
11.9 THE KRAFT HEINZ COMPANY 109
11.9.1 COMPANY OVERVIEW 109
11.9.2 FINANCIAL OVERVIEW 109
11.9.3 PRODUCTS OFFERED 110
11.9.4 KEY DEVELOPMENTS 111
11.9.5 KEY STRATEGIES 111
11.10 MCCAIN FOODS LIMITED 112
11.10.1 COMPANY OVERVIEW 112
11.10.2 FINANCIAL OVERVIEW 112
11.10.3 PRODUCTS OFFERED 112
11.10.4 KEY DEVELOPMENTS 113
11.10.5 KEY STRATEGIES 113
12 REFERENCES
13 LIST OF TABLES
TABLE 1 PRIMARY INTERVIEWS 21
TABLE 2 LIST OF ASSUMPTIONS 25
TABLE 3 GLOBAL FROZEN FOOD MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 38
TABLE 4 FROZEN: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 39
TABLE 5 FROZEN PROCESSED: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 40
TABLE 6 GLOBAL FROZEN FOOD MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 42
TABLE 7 STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 42
TABLE 8 NON-STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 43
TABLE 9 GLOBAL FROZEN FOOD MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 45
TABLE 10 NORTH AMERICA: FROZEN FOOD MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020-2027 (USD MILLION) 46
TABLE 11 NORTH AMERICA: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 47
TABLE 12 NORTH AMERICA: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 47
TABLE 13 US: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 48
TABLE 14 US: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 48
TABLE 15 CANADA: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 49
TABLE 16 CANADA: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 49
TABLE 17 MEXICO: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 50
TABLE 18 MEXICO: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 50
TABLE 19 EUROPE: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020-2027 (USD MILLION) 52
TABLE 20 EUROPE: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 53
TABLE 21 EUROPE: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 53
TABLE 22 UK: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 54
TABLE 23 UK: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 54
TABLE 24 GERMANY: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 55
TABLE 25 GERMANY: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 55
TABLE 26 FRANCE: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 56
TABLE 27 FRANCE: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 56
TABLE 28 ITALY: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 57
TABLE 29 ITALY: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 57
TABLE 30 SPAIN: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 58
TABLE 31 SPAIN: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 58
TABLE 32 DENMARK: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 59
TABLE 33 DENMARK: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 59
TABLE 34 NORWAY: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 60
TABLE 35 NORWAY: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 60
TABLE 36 SWEDEN: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 61
TABLE 37 SWEDEN: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 61
TABLE 38 FINLAND: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 62
TABLE 39 FINLAND: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 62
TABLE 40 REST OF EUROPE: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 63
TABLE 41 REST OF EUROPE: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 63
TABLE 42 ASIA-PACIFIC: FROZEN FOOD MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020-2027 (USD MILLION) 65
TABLE 43 ASIA-PACIFIC: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 65
TABLE 44 ASIA-PACIFIC: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 66
TABLE 45 CHINA: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 66
TABLE 46 CHINA: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 67
TABLE 47 INDIA: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 67
TABLE 48 INDIA: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 68
TABLE 49 JAPAN: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 68
TABLE 50 JAPAN: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 69
TABLE 51 SOUTH KOREA: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 69
TABLE 52 SOUTH KOREA: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 70
TABLE 53 AUSTRALIA & NEW ZEALAND: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 70
TABLE 54 AUSTRALIA & NEW ZEALAND: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 71
TABLE 55 REST OF ASIA-PACIFIC: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 71
TABLE 56 REST OF ASIA-PACIFIC: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 72
TABLE 57 REST OF THE WORLD: FROZEN FOOD MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 73
TABLE 58 REST OF THE WORLD: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 74
TABLE 59 REST OF THE WORLD: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 74
TABLE 60 SOUTH AMERICA: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 75
TABLE 61 SOUTH AMERICA: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 75
TABLE 62 MIDDLE EAST: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 76
TABLE 63 MIDDLE EAST: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 76
TABLE 64 AFRICA: FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 77
TABLE 65 AFRICA: FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 77
TABLE 66 PRODUCT LAUNCH 80
TABLE 67 ACQUISITION 81
TABLE 68 PARTNERSHIP 82
TABLE 69 EXPANSION 82
TABLE 70 GENERAL MILLS, INC.: PRODUCTS OFFERED 85
TABLE 71 TYSON FOODS, INC.: PRODUCTS OFFERED 88
TABLE 72 TYSON FOODS, INC.: KEY DEVELOPMENTS 89
TABLE 73 GRUPO BIMBO: PRODUCTS OFFERED 92
TABLE 74 GRUPO BIMBO SAB DE CV: KEY DEVELOPMENTS 92
TABLE 75 CONAGRA BRANDS, INC.: PRODUCTS OFFERED 95
TABLE 76 CONAGRA BRANDS, INC.: KEY DEVELOPMENTS 96
TABLE 77 ASSOCIATED BRITISH FOODS PLC: PRODUCTS OFFERED 99
TABLE 78 NESTLÉ S.A.: PRODUCTS OFFERED 101
TABLE 79 NESTLÉ S.A.: KEY DEVELOPMENTS 102
TABLE 80 UNILEVER PLC: PRODUCTS OFFERED 105
TABLE 81 UNILEVER PLC: KEY DEVELOPMENTS 106
TABLE 82 AJINOMOTO CO., INC.: PRODUCTS OFFERED 108
TABLE 83 AJINOMOTO CO., INC.: KEY DEVELOPMENTS 108
TABLE 84 THE KRAFT HEINZ COMPANY: PRODUCTS OFFERED 110
TABLE 85 THE KRAFT HEINZ COMPANY: KEY DEVELOPMENTS 111
TABLE 86 MCCAIN FOODS LIMITED: PRODUCTS OFFERED 112
TABLE 87 MCCAIN FOODS LIMITED: KEY DEVELOPMENTS 113
14 LIST OF FIGURES
FIGURE 1 MARKET SYNOPSIS 14
FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL FROZEN FOOD MARKET, 2020 15
FIGURE 3 GLOBAL FROZEN FOOD MARKET ANALYSIS, BY PRODUCT TYPE 15
FIGURE 4 GLOBAL FROZEN FOOD MARKET ANALYSIS, BY DISTRIBUTION CHANNEL 16
FIGURE 5 GLOBAL FROZEN FOOD MARKET ANALYSIS, BY REGION, 2020 17
FIGURE 6 GLOBAL FROZEN FOOD MARKET: STRUCTURE 19
FIGURE 7 KEY BUYING CRITERIA FOR FROZEN FOOD 19
FIGURE 8 RESEARCH PROCESS 20
FIGURE 9 TOP-DOWN AND BOTTOM-UP APPROACHES 23
FIGURE 10 MARKET DYNAMICS OVERVIEW 26
FIGURE 11 DRIVERS IMPACT ANALYSIS: GLOBAL FROZEN FOOD MARKET 28
FIGURE 12 RESTRAINTS IMPACT ANALYSIS: GLOBAL FROZEN FOOD MARKET 29
FIGURE 13 VALUE CHAIN: FROZEN BAKERY PRODUCTS 31
FIGURE 14 GLOBAL FROZEN FOOD MARKET: SUPPLY CHAIN ANALYSIS 32
FIGURE 16 GLOBAL FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020 (% SHARE) 37
FIGURE 17 GLOBAL FROZEN FOOD MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 37
FIGURE 18 GLOBAL FROZEN FOOD MARKET SHARE, BY DISTRIBUTION CHANNEL, 2020 (% SHARE) 41
FIGURE 19 GLOBAL FROZEN FOOD MARKET SIZE, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION) 41
FIGURE 20 GLOBAL FROZEN FOOD MARKET, BY REGION, 2020-2027 (USD MILLION) 44
FIGURE 21 GLOBAL FROZEN FOOD MARKET, BY REGION, 2020 (% SHARE) 44
FIGURE 22 NORTH AMERICA: FROZEN FOOD MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 46
FIGURE 23 EUROPE: FROZEN FOOD MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 51
FIGURE 24 ASIA-PACIFIC: FROZEN FOOD MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 64
FIGURE 25 REST OF THE WORLD: FROZEN FOOD MARKET SHARE, BY REGION, 2020 (% SHARE) 73
FIGURE 26 GENERAL MILLS, INC.: FINANCIAL OVERVIEW SNAPSHOT 84
FIGURE 27 GENERAL MILLS, INC.: SWOT ANALYSIS 86
FIGURE 28 TYSON FOODS, INC.: FINANCIAL OVERVIEW SNAPSHOT 87
FIGURE 29 TYSON FOODS, INC.: SWOT ANALYSIS 90
FIGURE 30 GRUPO BIMBO: FINANCIAL OVERVIEW SNAPSHOT 91
FIGURE 31 GRUPO BIMBO: SWOT ANALYSIS 93
FIGURE 32 CONAGRA BRANDS, INC.: FINANCIAL OVERVIEW SNAPSHOT 94
FIGURE 33 CONAGRA BRANDS, INC.: SWOT ANALYSIS 97
FIGURE 34 ASSOCIATED BRITISH FOODS PLC: FINANCIAL OVERVIEW SNAPSHOT 98
FIGURE 35 NESTLÉ S.A.: FINANCIAL OVERVIEW SNAPSHOT 100
FIGURE 36 NESTLÉ S.A.: SWOT ANALYSIS 103
FIGURE 37 UNILEVER PLC: FINANCIAL OVERVIEW SNAPSHOT 104
FIGURE 38 AJINOMOTO CO., INC.: FINANCIAL OVERVIEW SNAPSHOT 107
FIGURE 39 THE KRAFT HEINZ COMPANY: FINANCIAL OVERVIEW SNAPSHOT 109
Frozen Foods Market
The Frozen Foods Market Size is anticipated to reach USD 338.5 Billion by 2030, registering a CAGR of 5.93% during 2022-2030.
$338.5 Billion
Market Size
5.93%
CAGR
Europe
Dominating Region
2020-2030
Forecast Period
Segmentation
Key Players
- General Mills (USA)
- Tyson Foods Inc (USA)
- Grupo Bimbo (Mexico)
- Conagra Brands Inc (USA)
- Associated British Foods Plc (UK)
- Nestle S.A. (Switzerland)
- Unilever Plc. (UK)
- Ajinomoto Company (Japan)
- Kraft Heinz Company (USA)
- McCain Foods Limited (Canada)
Drivers
- Rapidly growing demand which is expected to increase exponentially in the post COVID world
Frozen Foods Market Overview
The frozen foods market could experience growth at a rate of 5.93% between 2020 and 2030. The market worth by the end of 2030 should be around USD 338.5 billion, reveals Market Research Future (MRFR).
The escalating preference for convenience food items among consumers has a tremendous impact on the frozen food market, since these types of foods require less time as well as effort compared to foods that need to be cooked from scratch. The frozen food industry benefits from the rampant need for comfort and convenience owing to hectic lifestyles of the consumers. This will raise the demand for a variety of frozen food products. Surging disposable incomes of the consumers could also accelerate the growth of the frozen food market, given the rise in their spending capacity.
However, some perceive frozen food as a substandard alternative to fresh food, which can be a major growth deterrent for the worldwide market. On the other hand, statements including “frozen produce are as healthy as fresh items with respect to nutrition” by the US Food and Drug Administration as well as the International Food Information Council has been affecting the consumer perception.
Online grocery shopping in conjunction with the emergence of apps have made it easier for the consumers to choose from various frozen foods. More and more consumers are shifting their preference towards online shopping owing to a host of features along with variety, and convenience. With the rising prevalence of the Internet and extensive smartphone use, online grocery shopping will be a great lucrative opportunity for the frozen food developers in the future.
Frozen Foods Market COVID-19 Analysis
COVID-19 has put a temporary damper in the frozen foods industry. It is also changing the healthy frozen foods market structure by holding back growth dramatically. What restrained growth in this industry the most was the fact that frozen foods manufacturing companies faced challenges in sourcing the raw materials for their products. G
Government policies prohibiting trade in international foodstuffs - frozen or not - also contributed. However, the overall outlook of the refrigerated and frozen foods industry remains bright largely because of rapidly growing demand.
Frozen Foods Market Dynamics
Drivers
More and more people live busy lifestyles. They want to eat healthy food but do not always have the time to cook it. These people look to market selection frozen foods to satiate their growing demand. Also, more women are working full-time around the world. They do not have the time to spend hours cooking and prefer to spend a few minutes reheating frozen foods for a quick and healthy meal.
Opportunities
Many frozen food manufacturers are responding by investing heavily in manufacturing and processing equipment. This will help them meet rapidly growing demand which is expected to increase exponentially in the post COVID world. Added to this is the fact that the growing middle classes in developing nations increasingly crave organic frozen foods.
Restraints
The current and new restrictions on the movement of raw materials needed to produce these frozen foods are a current restraint on overall market growth. However, governments will lift these once COVID-19 has been managed.
Challenges
One of the main challenges that frozen food manufacturers face is finding sufficient and reliable distributors. Also, since there are few barriers to entry, many companies are already in the market and more are expected to enter. Finally, frozen foods tend to have a low price point and customer demand is relatively elastic and sensitive to even small increments in price increases.
Cumulative Growth Analysis
The long-term outlook for the refrigerated and frozen foods market is bright. The CAGR is above 5%. What is expected to continue to drive strong growth in the near and far future is the rapidly growing global middle class whose purchasing power and discretionary income are increasing rapidly.
Technology Analysis
Frozen foods manufacturers are investing heavily in new technologies that are designed to make frozen foods more nutritious and last longer without the use of any preservatives. One such technology is pouch packaging. This airtight packaging keeps frozen foods fresh for longer by preventing any moisture which would encourage bacteria and mold growth. It has another benefit of retaining more of the minerals and nutrients in frozen foods for longer.
Quick-frozen technology also allows frozen foods to stay frozen for longer and retain more of their nutritional value.
Frozen Foods Market Segment Overview
By Service
Frozen food manufacturers have done extensive frozen foods market research. They are aware that people are too busy to cook yet want to eat nutritious food that can be heated easily and quickly. They are responding by introducing many innovations in frozen foods. One of these is plant-forward foods. They include meat patties that are made of vegetables. Many customers around the world who are increasingly conscious of their health are demanding these types of innovations.
By Technology
The nutritional value of market selections of frozen foods is constantly improving and so is their variety. This is largely driven by new advances in technology. One of these is the use of recyclable boxes and resealable pouches. These have two advantages: they help preserve frozen foods and their nutritional value for longer and they are environmentally friendly.
By Type
Frozen foods can be divided into many categories:
- Meat and poultry products
- Frozen dinners and entrees
- Frozen dairy desserts
- Frozen pizza
- Frozen fruits and vegetables
- Various types of frozen potatoes
- Frozen pieces of bread and raw dough
By vertical
Many different establishments sell frozen foods. These include supermarkets, hypermarkets, specialty stores, retail stores, and online stores, among others!
Frozen Foods Market Regional Analysis
Growth in the refrigerated and frozen foods market is strongest in the European Union. The frozen foods industry share there was 39.90% in 2019. Many Europeans live busy and hectic lives. This combined with eroding purchasing power and discretionary income has led many to prefer frozen foods.
People in North America also prefer to eat frozen foods for these reasons. China is also witnessing strong and fast growth in the frozen foods market. The rising middle classes and their greater purchasing power largely drive this. The Asia-Pacific region is seeing the highest growth in the refrigerated and frozen foods market of all regions in the world.
Frozen Foods Market Competitive landscape
Competition in the frozen foods market remains very strict. Some of the reasons why are the relatively low barriers to entry and the lucrativeness of the market.
One large company in the refrigerated and frozen foods market is General Mills (USA.) It is positioning itself in the frozen foods industry by investing millions in upgrading and implementing new manufacturing and processing technologies for frozen foods.
Companies, in general, are busy investing in research and development and new production/distribution facilities. This will help them introduce new frozen food products that are more nutritious and will last longer without preservatives. They are also expanding operations by entering new markets. Many companies like Danone are involved in joint ventures and mergers and acquisitions. They want to have an easier time entering new markets.
Major food manufacturing and processing companies:
- General Mills (USA)
- Tyson Foods Inc (USA)
- Grupo Bimbo (Mexico)
- Conagra Brands Inc (USA)
- Associated British Foods Plc (UK)
- Nestle S.A. (Switzerland)
- Unilever Plc. (UK)
- Ajinomoto Company (Japan)
- Kraft Heinz Company (USA)
- McCain Foods Limited (Canada)
Recent Developments
February 2022
Seara, is launching Seara Shawaya, a first-of-a-kind in the frozen foods space at Gulfood 2022. The company with presence in more than 150 countries is owned by JBS, the worldwide leader in protein-based food.
February 2022
The Real Good Food Company Inc., an advanced, branded, health-and wellness-focused, high-growth frozen food brand, will introduce its latest platform, called Stuffed Chicken Bites, nationwide. Consumers can decide between two varieties of Stuffed Chicken Bites in more than 1,500 stores.
Frozen Foods Market Report Overview
The frozen foods industry is facing a strong CAGR of more than 5% until at least 2026. The main factors spurring demand are increasingly busy lifestyles. These people want food that is nutritious yet quick and easy to cook/reheat. Frozen foods also have a lower price point. Frozen food manufacturers are responding by investing in new technologies and innovations that will allow them to make frozen foods more nutritious and last longer without the need for preservatives. These manufacturers are also entering into new markets through mergers and acquisitions, joint ventures, and new product launches.
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 338.5 Billion (2030) |
| CAGR | 5.30% (2020-2030) |
| Base Year | 2019 |
| Forecast Period | 2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Frozen Processed, Distribution Channel |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | General Mills (USA), Tyson Foods Inc (USA), Grupo Bimbo (Mexico), Conagra Brands Inc (USA), Associated British Foods Plc (UK), Nestle S.A. (Switzerland), Unilever Plc. (UK), Ajinomoto Company (Japan), Kraft Heinz Company (USA), McCain Foods Limited (Canada) |
| Key Market Opportunities | Growing Middle Classes in Developing Nations Increasingly Crave Organic Frozen Foods. |
| Key Market Drivers | The fact that more people around the world prefer and are willing to pay for food that is nutritious yet easy |
Frequently Asked Questions (FAQ) :
It is expected to be 5.93% globally.
The frozen foods market is expected to be worth up to 338.5 million in US Dollars by 2030
Ajinomoto Co., Inc. (Japan), McCain Foods Limited (Canada), and the Kraft Heinz Company (US) are some reputed names in the frozen foods market.
The fact that more people around the world prefer and are willing to pay for food that is nutritious yet easy and quick to cook/heat up.
Frozen seafood sells at a premium. This deters many would-be customers.
