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Frozen Processed Food Market Research Report - Forecast to 2027

Frozen Processed Food Market Research by Type (Frozen Fruits & Vegetable, Frozen Meat & Seafood, Frozen Bakery Products, Frozen Dairy Products & Desserts, Others), By Distribution Channel (Store-Based, Non-Store-Based), & Region - Forecast till 2027

ID: MRFR/F-B & N/0760-HCR | December 2022 | Region: Global | 100 Pages         

Frozen Processed Food Market

Frozen Processed Food Market Size is anticipated to reach USD 199.24 Billion by 2030, registering a CAGR of 5.60% during 2020-2027

Segmentation

By Type Frozen Fruits & Vegetable Frozen Meat & Seafood Frozen Bakery Products Frozen Dairy Products & Desserts Others
By Distribution Channel Store-Based Non-Store-Based

Key Players

  • Grupo Bimbo (Mexico)
  • Tyson Foods Inc (USA)
  • Nestle S.A. (Switzerland)
  • Ajinomoto Company (Japan)
  • Associated British Foods Plc (UK)
  • General Mills (USA)
  • Unilever Plc. (UK)
  • Conagra Brands Inc (USA)
  • Kraft Heinz Company (USA)
  • McCain Foods Limited (Canada)

Drivers

  • Organoleptic property
  • Nutritional value of the end-product
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Frozen Processed Food Market Overview


 Foods created to change by physical and chemical properties refer to impart certain properties into them. Foods, together with ready-to-eat foods, bear some processes to boost their shelf-life. There are certain strategies used to process food merchandise, freeze being one of the foremost well-liked techniques used globally. Freezing of food products is done at a temperature of -6°F that tends to inhibit microorganism growth. In addition, the method has gained its quality based on effectiveness and comparatively low cost of the processed foods prepared by this method.


 Retained organoleptic property and value for nutrition final product is one amongst the key drivers supporting the expansion of Frozen Processed food market store. The shift in client lifestyle habits and increasing demand for “grab-and-go” food are supporting the sales of frozen processed foods.


Increasing per capita income and rising economic conditions in many countries have resulted in customers having access to a large variety of food choices, thus, surging market growth. Increasing demand for frozen, sugary bakery products from the young population is additionally influencing the expansion of the market. As a result of these factors, the marketplace for frozen processed foods is projected to witness a CAGR of 5.60% throughout the forecast period.


COVID-19 Analysis


The spread of the COVID-19 disease has somehow affected the Frozen Processed Food Market also. As a result, due to the border lockdowns in several countries throughout the world, the Market value was highly affected. However, the lockdowns majorly affected the manufacturing and production of such products that are ready to go on a larger scale, thus inhibiting the Frozen Processed Food Market growth.


Market Dynamics


Market Drivers


Frozen Foods Market is growing healthily. It’s presently experiencing a CAGR of 5.60% during the forecast period. The market valuation is predicted to be 253,674.8 million in North American country's greenbacks by then. Frozen foods are prepared once various foods are preserved by phase change. It’s then frozen till it's cooked, either in a microwave, kitchen appliance, or on a stove by the consumer.


Demand for frozen foods began in America within the Fifties. Americans enjoyed the nightly frozen dinner while looking at the TV. Well, this process is considered to be convenient within the West and is speedily going international due to the growing wealth in middle-class people in developing nations. Convenience combined with the high nutrition, the worth of frozen foods, and lower price is that the main issue driving the growth of Frozen processed food market share within the global economy.


However, people live busy lifestyles. They need to eat healthy food however they do not have the time to cook. These consumers look for the choice of frozen foods to satiate their growing demand. Also, additionally, ladies are working full-time all 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 fast and healthy meal.


Restraints


The government bodies are yet to standardize the use of the Frozen Processed Food Market


in the food and beverages sector. Lack of standardization comes out to be a restraint in the Fortified Market. Also, one of the main drawbacks in this field is that it lacks proper training.


Opportunities


The latest trends in research and development and new product launches are amongst the major key players in the latest Frozen Processed Food Market Trends to fuel the growth of the market. However, big investments in research and development are the factors responsible for the expansion of this market.


Challenges


The only drawback in the Market Forecast is the high prices of the pieces of equipment used for the production of frozen processed foods. However, many experts are doing feasible research to determine whether spending this amount of money is worthwhile.


Cumulative Growth analysis


The compound annual growth rate (CAGR) of the Frozen Processed Food Market analysis is predicted to grow at the rate of 5.60%. Various drivers such as the increasing demand and surge in the innovations used for the development of new techniques and their usefulness in the food and beverages field will have a positive impact on the growth of the market.


Value chain analysis


The market is anticipated to grow at a higher pace in the future because of the higher levels of investment in this area, increasing government investment in food and beverages infrastructure, rising expenditure on the manufacturing of frozen processed foods fuel the market growth.


Segment Overview


 The frozen processed food market is divided on the grounds of service, technology, type, and marketing.


Based on service, the market is divided into ready-to-cook and plant-forward foods.


Based on technology, the frozen processed food market is divided into recyclable and reusable pouches.


Based on the type, this market is divided into meat and poultry products, Frozen dinners and entrees, Frozen dairy desserts, Frozen pizza, Frozen fruits and vegetables, Various types of frozen potatoes, and Frozen pieces of bread and raw dough.


Based on the vertical, this market is divided into supermarkets, hypermarkets, specialty stores, retail stores, and online stores


Regional Analysis


Among all the regions, North America is projected to dominate the market. The key issue supporting the high market share in North America is the high client inclination towards convenient foods. The hectic lifestyle and increasing population of working ladies majorly within the U.S. features a positive impact on the frozen processed food market size. Increasing investments by key players within the R&D sector is additionally supporting the market growth. However, increasing client awareness regarding the demerits of consumption of processed food is known to be one of the key restraints for market growth.


Competitive Landscape


The key players play a crucial role in uplifting market growth. Many market players are focusing on their expansion on the globe and performance through the investment of promising companies. Below are some of the major frozen processed foods producers:



  • Grupo Bimbo (Mexico)

  • Tyson Foods Inc (USA)

  • Nestle S.A. (Switzerland)

  • Ajinomoto Company (Japan)

  • Associated British Foods Plc (UK)

  • General Mills (USA)

  • Unilever Plc. (UK)

  • Conagra Brands Inc (USA)

  • Kraft Heinz Company (USA)

  • McCain Foods Limited (Canada)


Recent Developments



  • US Foods introduced twenty-one healthy and environmentally frozen food products.

  • Unilever recently celebrated its tenth day of remembrance within the frozen foods trade by reinventing the packaging for its varied wine bottle has frozen dessert product. It conjointly launched new frozen desserts onto the cold and frozen foods market.

  • Bush cold Vans opened a brand new production facility in the city, IL. The intention is to provide additional foodstuff products that are healthier, hygienic, and alimental.

  • MyMochi frozen dessert gets a brand new name and makeover. It conjointly introduces new packaging for its after products.

  • Danone merges with Follow Your Heart to provide a brand new plant and vegan-based foodstuff product.


Report Overview


The overview of the frozen processed market is listed below:



  • Market overview.

  • COVID-19 Analysis.

  • Dynamics of the market.

  • Value Chain Analysis.

  • Market Segmentation.

  • Regional Analysis.

  • Competitive analysis.

  • Recent Development.


Report Score and Segmentation



  • Market size:  2027: significant value

  • Base Year: 2021

  • Forecast Period:  2021-2027

  • Historical Data: 2018-2020


Segmentation


Based on service,



  • ready to cook

  • plant-forward foods.


Based on technology,



  • recyclable pouches

  • reusable pouches.


Based on the type,



  • 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.


Based on the vertical



  • Supermarkets

  • Hypermarkets

  • specialty stores

  • retail stores

  • online stores



Report Scope:

Report Attribute/Metric Details
  Market Size   199.24 Billion
  CAGR   5.60% 2020-2027: CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type and Distribution Channel
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   General Mills, Inc. (U.S.), Kraft Foods Group, Inc. (U.S.), Nestlé SA (Switzerland), ConAgra Foods, Inc. (U.S.), Tyson Foods, Inc. (U.S.), Kellogg's (U.S.), Frito-Lay, Inc. (U.S.), JBS S.A. (Brazil), Mars, Inc. (U.S.), and Smithfield Food, Inc. (U.S.).
  Key Market Opportunities   Increasing investments in the R&D sector
  Key Market Drivers

  • Organoleptic property
  • Nutritional value of the end-product


  • Speak to Analyst Ask for Customization

    Frequently Asked Questions (FAQ) :

    Foods that are created to change by physical and chemical properties refer to impart certain properties into them. Foods, together with ready-to-eat foods, bear some processes to boost their shelf-life. There are certain strategies used to process food merchandise, freeze being one of the foremost well-liked techniques used globally. Freezing of food products is done at a temperature of -6°F that tends to inhibit microorganism growth. In addition, the method has gained its quality based on effectiveness and comparatively low cost of the processed foods prepared by this method.

    The spread of the COVID-19 disease has somehow affected the Frozen Processed Food Market also. As a result, due to the border lockdowns in several countries throughout the world, the Frozen Processed Food Market value was highly affected. However, the lockdowns majorly affected the manufacturing and production of such products that are ready to go on a larger scale, thus inhibiting the Frozen Processed Food Market growth.

    The frozen processed food market is divided on the grounds of service, technology, type, and marketing. Based on service, the frozen processed food market is divided into ready-to-cook and plant-forward foods. Based on technology, the frozen processed food market is divided into recyclable and reusable pouches. Based on the type, this market is divided into meat and poultry products, Frozen dinners and entrees, Frozen dairy desserts, Frozen pizza, Frozen fruits and vegetables, Various types of frozen potatoes, and Frozen pieces of bread and raw dough. Based on the vertical, this market is divided into supermarkets, hypermarkets, specialty stores, retail stores, and online stores