[157 Pages Report] The frozen food market is estimated to account for about USD 219.9 billion in 2018 and is projected to reach a value of about USD 282.5 billion by 2023, at a CAGR of 5.1%. Developments in the retail landscape, rising demand for convenience food, and technological advancements in the cold chain market are the major driving factors for the market. On the other hand, the rising preference for fresh and natural food products is a restraining factor for the frozen food market.
By product, the convenient & ready meals segment is estimated to dominate the global frozen food market in 2018. This is due to the changing and busy lifestyles of people, globally, which has increased the consumption of frozen foods, globally. Frozen foods are easy to prepare and take less time for preparation. They are healthy and have high nutritional value. Frozen food export business has also increased in recent times due to the high acceptance of these products among consumers and brand awareness among developing countries.
By distribution channel, the offline segment is estimated to account for the largest share in the frozen food market in 2018. The infrastructure of the convenience stores and hypermarkets includes freezing and temperature-controlled facilities, which are driving the growth of this segment as a distribution channel for frozen products.
By type, the ready-to-cook segment is estimated to grow at the highest CAGR. Factors such as changing lifestyles and increasing population of working women are driving the growth of ready-to-eat frozen food, globally.
The Middle East & Africa is expected to witness the fastest growth during the forecast period. Population growth, rapid urbanization, and the rise in consumer awareness about the benefits of frozen food are the key factors driving the demand for frozen food in the region.
The key players in this market include General Mills Inc (US), Conagra Brands, Inc. (US), Grupo Bimbo S.A.B. de C.V. (Mexico), Nestle SA (Switzerland), Unilever (the Netherlands), Kellogg Company (US), McCain Foods Limited (Canada), Kraft Heinz Company (US), Associated British Foods plc (UK), Ajinomoto (Japan), Vandemoortele NV (Belgium), Lantmannen Unibake International (Denmark). These players are focusing on improving their presence by undertaking acquisitions, expansions, and developing products specific to the requirements of consumers and their preferences. These companies have a strong presence in Europe and North America. They have also set up manufacturing facilities in various regions and have strong distribution networks.
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Table of Contents
1 Introduction (Page No. - 16)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology (Page No. - 20)
2.1 Research Data
1.4 Periodization Considered
1.5 Currency Considered
2.1.2.1 Breakdown of Primaries
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions & Limitations
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
3 Executive Summary (Page No. - 27)
4 Premium Insights (Page No. - 31)
4.1 Attractive Growth Opportunities in the Frozen Food Market
4.2 North America: Frozen Food Market, By Product & Country
4.3 Frozen Food Market, By Consumption
4.4 Frozen Food Market, By Type
4.5 Frozen Food Market, By Region
5 Market Overview (Page No. - 36)
5.1 Introduction
5.2 Market Dynamics
4.4 Frozen Food Market, By Type
5.2.1.1 Developments in Retail Landscape
5.2.1.2 Rising Demand for Convenience Food
5.2.1.3 Technological Advancements in the Cold Chain Market
5.2 Market Dynamics
5.2.2.1 Rising Preference for Fresh and Natural Food Products
5.2.2.2 Requires Constant Temperature Monitoring
5.2.1.2 Rising Demand for Convenience Food
5.2.3.1 Digitalization of the Retail Industry
5.2.3.2 Increasing Trade of Processed Food
5.2.2.1 Rising Preference for Fresh and Natural Food Products
5.2.4.1 Lack of Cold Chain Infrastructure in Developing Economies
6 Frozen Food Market, By Product (Page No. - 41)
6.1 Frozen Food Market, By Product
5.2.3.2 Increasing Trade of Processed Food
5.2.4 Challenges
6.1.2.1 Frozen Fruits
6.1.2.1.1 Frozen Fruits are Picked and Frozen the Same Day the Rate of Chemical Reaction Gets Reduced
6.1.2.2 Frozen Vegetables
6.1.2.3 Frozen Potatoes
6.1.2.3.1 Frozen Potato Products Have Wide Acceptance in Developed Countries Such as the Us and the Countries in Western Europe
6.1.2.4 Other Vegetables
6.1.2.4.1 Frozen Vegetables are Majorly Used By Food Service Segments Such as Qsrs
6.1.2.2 Frozen Vegetables
6.1.3.1 Ice Cream is Currently Dominating the Market Due to Its High Market Penetration and Increasing Consumption
6.1.2.3.1 Frozen Potato Products Have Wide Acceptance in Developed Countries Such as the Us and the Countries in Western Europe
6.1.4.1 Breads and Pizza Crusts
6.1.4.1.1 Frozen Partially Baked Bread Requires A Shorter Preparation Time of About 20 Minutes
6.1.4.2 Others Bakery Products
6.1.4.2.1 Frozen Bakery Products are Gaining Popularity Because they Have Extended Shelf-Life and Aids in the Production of Freshly Baked Products50
6.1.4 Bakery Products
6.1.5.1 Frozen Meat & Seafood Comprises About 24% in the Overall Frozen Food Market
6.1.4.1.1 Frozen Partially Baked Bread Requires A Shorter Preparation Time of About 20 Minutes
6.1.6.1 Convenience Food & Ready Meals Segment is Projected to Grow at A Significant Rate Due to Changing Lifestyle and Increasing Globalization
6.1.4.2.1 Frozen Bakery Products are Gaining Popularity Because they Have Extended Shelf-Life and Aids in the Production of Freshly Baked Products50
6.1.7.1 Growth in Bakery and Convenience Food Segment is Expected to Propel the Demand of Other Frozen Food Products
7 Frozen Food Market, By Type (Page No. - 54)
7.1 Frozen Food Market, By Type
6.1.6.1 Convenience Food & Ready Meals Segment is Projected to Grow at A Significant Rate Due to Changing Lifestyle and Increasing Globalization
6.1.7 Others
6.1.7.1 Growth in Bakery and Convenience Food Segment is Expected to Propel the Demand of Other Frozen Food Products
7 Frozen Food Market, By Type
8 Frozen Food Market, By Consumption (Page No. - 58)
8.1 Introduction
8.2 Food Service
8.3 Retail
9 Frozen Food Market, By Distribution Channel (Page No. - 62)
9.1 Introduction
9.2 Offline
9.3 Online
10 Frozen Food Market, By Region (Page No. - 66)
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 The US Held the Largest Market Share in North America
10.2.2 Canada
10.2.2.1 Improvements in Processing and Packaging Technologies is Boosting the Frozen Food Market in Canada
10.2.3 Mexico
10.2.3.1 Frozen Food Market in Mexico is Growing With the Highest Cagr in North America, Due to Increasing Demand of Convenience Food
10.3 Europe
10.3.1 Germany
10.3.1.1 Germany Accounted for Largest Share of the Frozen Food Market in the Region
10.3.2 France
10.3.2.1 The Frozen Food Market is Witnessing A Significant Growth of 4.6%, Due to the Increasing Inclination of Consumers Towards Ready Meals
10.3.3 UK
10.3.3.1 Convenience Food & Ready Meals Segment Accounted for the Largest Market Share in the UK
10.3.4 Italy
10.3.4.1 Italy is One of the Largest Consumers of Ice Creams, Making It A Major Market for Frozen Food
10.3.5 Spain
10.3.5.1 Retailers are Focusing on Providing Quality, Convenience, and Value to the Customers
10.3.6 Rest of Europe
10.3.6.1 High Standards of Living and the Increasing Per Capita Consumption of Frozen Food are the Driving Factors for Market
10.4 Asia Pacific
10.4.1 Improvement in the Living Standards, Rising Income Levels, and Growing Economies
10.4.2 Australia & New Zealand
10.4.2.1 Increasing Acceptance Among Consumers for Half-Cooked Frozen Foods
10.4.3 China
10.4.3.1 Rising Acceptance of Western Cuisine and Food Habits
10.4.4 India
10.4.4.1 Growing Processed Industry and Rapidly Increasing Youth Population
10.4.5 Japan
10.4.5.1 Strong Cold Chain Logistics Infrastructure
10.4.6 Rest of Asia Pacific
10.4.6.1 Rising Preference of Young Consumers for Convenient Eating and Increasing Number of Working Women
10.5 South America
10.5.1 Brazil
10.5.1.1 Rising Industrialization and Increasing Purchasing Power of Consumer Boost the Growth of the Frozen Food Market
10.5.2 Rest of South America
10.5.2.1 Emergence of Supermarkets is A Major Driver for the Frozen Food Market in the Region
10.6 Middle East & Africa
10.6.1 Shortage of Fresh Meat Due to Rising Consumption
11 Competitive Landscape (Page No. - 98)
11.1 Overview
11.2 Competitive Leadership Mapping
11.2.1 Dynamic Differentiators
11.3 Ranking of Key Players, 2018
11.4 Competitive Leadership Mapping (Start-Up/Smes)
11.4.1 Progressive Companies
11.4.2 Starting Blocks
11.4.3 Responsive Companies
11.4.4 Dynamic Companies
11.5 Competitive Scenario
11.5.1 New Product Launches
11.5.2 Expansions & Investments
11.5.3 Acquisitions
11.5.4 Partnerships, Joint Ventures, and Agreements
12 Company Profiles (Page No. - 113)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
12.1 General Mills Inc.
12.2 Conagra Brands, Inc.
12.3 Grupo Bimbo S.A.B. De C.V.
12.4 Nestle SA
12.5 Unilever
12.6 Kellogg Company
12.7 Mccain Foods Limited
12.8 The Kraft Heinz Company
12.9 Associated British Foods Plc
12.10 Ajinomoto
12.11 Vandemoortele NV
12.12 Lantmannen Unibake International
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies
13 Appendix (Page No. - 150)
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details
List of Tables (69 Tables)
Table 1 Frozen Food Market Size, By Product, 20162023 (USD Billion)
Table 2 Fruits & Vegetables: Frozen Food Market Size , By Region, 20162023 (USD Million)
Table 3 Frozen Fruits: Frozen Food Market Size , By Region, 20162023 (USD Million)
Table 4 Frozen Vegetables: Frozen Food Market Size , By Region, 20162023 (USD Million)
Table 5 Frozen Potatoes: Frozen Food Market Size , By Region, 20162023 (USD Million)
Table 6 Other Vegetables: Frozen Food Market Size , By Region, 20162023 (USD Million)
Table 7 Dairy Products: Frozen Food Market Size , By Region, 20162023 (USD Million)
Table 8 Bakery Products: Frozen Food Market Size, By Region, 20162023 (USD Million)
Table 9 Breads and Pizza Crusts: Frozen Food Market Size, By Region, 20162023 (USD Million)
Table 10 Other Bakery Products: Frozen Food Market Size, By Region, 20162023 (USD Million)
Table 11 Meat & Seafood Products : Frozen Food Market Size, By Region, 20162023 (USD Million)
Table 12 Convenience Foods & Ready Meals: Frozen Food Market Size, By Region, 20162023 (USD Million)
Table 13 Others: Frozen Food Market Size, By Region, 20162023 (USD Million)
Table 14 Frozen Food Market Size, By Type, 20162023 (USD Billion)
Table 15 Raw Material: Frozen Food Market Size , By Region, 20162023 (USD Million)
Table 16 Half-Cooked: Frozen Food Market Size, By Region, 20162023 (USD Million)
Table 17 Ready-To-Eat: Frozen Food Market Size, By Region, 20162023 (USD Million)
Table 18 Frozen Food Market Size, By Consumption, 20162023 (USD Billion)
Table 19 Food Service: Frozen Food Market Size , By Region, 20162023 (USD Million)
Table 20 Retail: Frozen Food Market Size, By Region, 20162023 (USD Million)
Table 21 Frozen Food Market Size, By Distribution Channel, 20162023 (USD Billion)
Table 22 Offline: Frozen Food Market Size , By Region, 20162023 (USD Million)
Table 23 Online: Frozen Food Market Size, By Region, 20162023 (USD Million)
Table 24 Frozen Food Market Size, By Region, 20162023 (USD Billion)
Table 25 North America: Frozen Food Market Size, By Country, 20162023 (USD Million)
Table 26 North America: Market Size, By Product, 20162023 (USD Million)
Table 27 North America: Market Size, By Type, 20162023 (USD Million)
Table 28 North America: Market Size, By Consumption, 20162023 (USD Million)
Table 29 North America: Market Size, By Distribution Channel, 20162023 (USD Million)
Table 30 US: Frozen Food Market Size, By Product, 20162023 (USD Million)
Table 31 Canada: Frozen Food Market Size, By Product, 20162023 (USD Million)
Table 32 Mexico: Frozen Food Market Size, By Product, 20162023 (USD Million)
Table 33 Europe: Frozen Food Market Size, By Country, 20162023 (USD Million)
Table 34 Europe: Market Size, By Product, 20162023 (USD Million)
Table 35 Europe: Market Size, By Type, 20162023 (USD Million)
Table 36 Europe: Market Size, By Consumption, 20162023 (USD Million)
Table 37 Europe: Market Size, By Distribution Channel, 20162023 (USD Million)
Table 38 Germany: Frozen Food Market, By Product, 20162023 (USD Million)
Table 39 France: Frozen Food Market, By Product, 20162023 (USD Million)
Table 40 UK: Frozen Food Market, By Product, 20162023 (USD Million)
Table 41 Italy: Frozen Food Market, By Product, 20162023 (USD Million)
Table 42 Spain: Frozen Food Market, By Product, 20162023 (USD Million)
Table 43 Rest of Europe: Frozen Food Market, By Product, 20162023 (USD Million)
Table 44 Asia Pacific: Frozen Food Market Size, By Country, 20162023 (USD Million)
Table 45 Asia Pacific: Frozen Food Market Size, By Product, 20162023 (USD Million)
Table 46 Asia Pacific: Frozen Food Market Size, By Type, 20162023 (USD Million)
Table 47 Asia Pacific: Frozen Food Market Size, By Distribution Channel, 20162023 (USD Million)
Table 48 Asia Pacific: Frozen Food Market Size, By Consumption, 20162023 (USD Million)
Table 49 Australia & New Zealand: Frozen Food Market Size, By Product, 20162023 (USD Million)
Table 50 China: Frozen Food Market Size, By Product, 20162023 (USD Million)
Table 51 India: Frozen Food Market Size, By Product, 20162023 (USD Million)
Table 52 Japan: Frozen Food Market Size, By Product, 20162023 (USD Million)
Table 53 Rest of Asia Pacific: Frozen Food Market Size, By Product, 20162023 (USD Million)
Table 54 South America: Frozen Food Market Size, By Country, 20162023 (USD Million)
Table 55 South America: Market Size, By Product, 20162023 (USD Million)
Table 56 South America: Market Size, By Type, 20162023 (USD Million)
Table 57 South America: Market Size, By Consumption, 20162023 (USD Million)
Table 58 South America: Market Size, By Distribution Channel, 20162023 (USD Million)
Table 59 Brazil: Frozen Food Market Size, By Product, 20162023 (USD Million)
Table 60 Rest of South America: Frozen Food Market Size, By Product, 20162023 (USD Million)
Table 61 GCC: Historical Total Volume Sales of Meat, By Country, 20122016 (Thousand Tonne)
Table 62 Middle East & Africa: Frozen Food Market Size, By Product, 20162023 (USD Million)
Table 63 Middle East & Africa: Market Size, By Type, 20162023 (USD Million)
Table 64 Middle East & Africa: Market Size, Byconsumption, 20162023 (USD Million)
Table 65 Middle East & Africa: Market Size, Byconsumption, 20162023 (USD Million)
Table 66 New Product Launches, 2013 2018
Table 67 Expansions & Investments, 2013 - 2018
Table 68 Acquisitions, 2013 2018
Table 69 Partnerships, Joint Ventures, and Agreements, 20132016
List of Figures (47 Figures)
Figure 1 Frozen Food Market Segmentation
Figure 2 Frozen Food Market: Regional Scope
Figure 3 Frozen Food Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation
Figure 8 Frozen Food Market Size, By Product, 2018 vs. 2023 (USD Million)
Figure 9 Frozen Food Market Size, By Consumption, 2018 vs. 2023 (USD Billion)
Figure 10 Frozen Food Market Size, By Type, 2018 vs. 2023 (USD Billion)
Figure 11 Frozen Food Market Size, By Distribution Channel, 2018 vs. 2023 (USD Billion)
Figure 12 Europe Dominated the Frozen Food Market in 2017
Figure 13 Emerging Economies Offer Attractive Opportunities in the Frozen Food Market, Globally
Figure 14 Convenience Food & Ready Meals Segment in Frozen Food Was Dominant, in Terms of Product, in the European Frozen Food Market
Figure 15 Foodservice Consumption to Dominate the Market During the Forecast Period
Figure 16 The Raw Material Segment to Dominate the Frozen Market, By Type, From 2018 to 2023
Figure 17 The US Accounted for the Largest Share of the Global Frozen Food Market in 2017
Figure 18 Frozen Food Market Dynamics
Figure 19 Online Purchases of Goods & Services in the European Union (2018)
Figure 20 Global Seafood Export, 20112016 (USD Million)
Figure 21 Frozen Food Market Size, By Product, 2018 vs. 2023 (USD Billion)
Figure 22 Frozen Food Market Size, By Type, 2018 vs. 2023 (USD Billion)
Figure 23 Frozen Food Market Size, By Consumption, 2018 vs. 2023 (USD Billion)
Figure 24 Europe to Lead the Frozen Food Market By 2023 (USD Billion)
Figure 25 North American Market Snapshot
Figure 26 Imported Frozen Sweet Corn in the Us (USD Million)
Figure 27 Top Eu Trading Partners in Export (2015)
Figure 28 Europe: Market Snapshot
Figure 29 Frozen Vegetables (Excluding Potato) Production in Germany (USD Million)
Figure 30 Value of Imports of Frozen, Chilled, and Fresh Pork Meat in China, 20132017 (USD Million)
Figure 31 Frozen Food Production in Japan, 20132017 (MT)
Figure 32 Global Frozen Food Market Competitive Leadership Mapping, 2017
Figure 33 Key Developments of the Leading Players in the Frozen Food Market, 2013 2018
Figure 34 Unilever Led the Frozen Food Market in 2018
Figure 35 Frozen Food Market Start-Ups Competitive Leadership Mapping, 2017
Figure 36 Market Evaluation Framework, 20162018
Figure 37 General Mills Inc.: Company Snapshot
Figure 38 Congra Brands, Inc. : Company Snapshot
Figure 39 Grupo Bimbo S.A.B. De C.V.: Company Snapshot
Figure 40 Nestle SA: Company Snapshot
Figure 41 Unilever: Company Snapshot
Figure 42 Kellogg Company: Company Snapshot
Figure 43 The Kraft Heinz Company: Company Snapshot
Figure 44 Associated British Foods Plc: Company Snapshot
Figure 45 Ajinomoto: Company Snapshot
Figure 46 Vandemoortele Nv: Company Snapshot
Figure 47 Lantmannen Unibake International: Company Snapshot
The study involves four major activities to estimate the current market size of the frozen food market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. These findings, assumptions, and the market size was validated with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, food safety organizations, regulatory bodies, trade directories, and databases.
The frozen food market comprises several stakeholders such as manufacturers; importers & exporters; traders; distributors; and suppliers of frozen food; food safety authorities; food technologists; food product manufacturers; raw material suppliers; and regulatory bodies such as the Food and Agriculture Organization (FAO), Environmental Protection Agency (EPA), the Food Safety Council (FSC), government and research organizations, trade associations, and industry bodies. The demand-side of this market is characterized by the rising awareness of shelf life extension among food product manufacturers. The supply-side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
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Both the top-down and bottom-up approaches were used to estimate and validate the total size of the frozen food market. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:
After arriving at the overall market size from the estimation process described above, the total market was split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size was validated using both the top-down and bottom-up approaches. It was then verified through primary interviews. Hence, three approaches were adopted-top-down approach, bottom-up approach, and the one involving expert interviews. Only when the values arrived at from the three points match, the data is assumed to be correct.
Report Metric |
Details |
Market size available for years |
20162023 |
Base year considered |
2017 |
Forecast period |
20182023 |
Forecast units |
Value(USD) |
Segments covered |
Product, Consumption, Type, Distribution Channel and Region |
Geographies covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Companies covered |
Unilever (Netherlands), Nestle SA (Switzerland), Conagra (US), General Mills (US), and Grupo Bimbo (Mexico) |
This research report categorizes the frozen food market based on product, consumption, type, distribution channel, and region.
Based on the given market data, MarketsandMarkets offers customizations in the reports as per the client-specific requirements. The available customization options are as follows:
Growth opportunities and latent adjacency in Frozen Food Market