Frozen Food Market

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Periodization Considered
    1.4 Currency Considered
    1.5 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Growth Opportunities in the Frozen Food Market
    4.2 North America: Frozen Food Market, By Product and Country
    4.3 Frozen Food Market, By Consumption
    4.4 Frozen Food Market, By Type
    4.5 Frozen Food Market, By Country/Region

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    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
           5.2.2 Restraints
                    5.2.2.1 Rising Preference for Fresh and Natural Food Products
                    5.2.2.2 Requires Constant Temperature Monitoring
           5.2.3 Opportunities
                    5.2.3.1 Digitalization of the Retail Industry
                    5.2.3.2 Increasing Trade of Processed Food
           5.2.4 Challenges
                    5.2.4.1 Lack of Cold Chain Infrastructure in Developing Economies

6 Frozen Food Market, By Product (Page No. - 39)
    6.1 Introduction
    6.2 Fruits & Vegetables
           6.2.1 Frozen Fruits
                    6.2.1.1 Frozen Fruits are Picked and Frozen the Same Day the Rate of Chemical Reaction Gets Reduced
           6.2.2 Frozen Vegetables
                    6.2.2.1 Frozen Potatoes
                               6.2.2.1.1 Frozen Potato Products Have Wide Acceptance in Developed Countries Such as the US and the Countries in Western Europe
                    6.2.2.2 Other Vegetables
                               6.2.2.2.1 Frozen Vegetables are Majorly Used By Food Service Segments Such as Qsrs
    6.3 Dairy Products
           6.3.1 Ice Cream is Currently Dominating the Market Due to Its High Market Penetration and Increasing Consumption
    6.4 Bakery Products
           6.4.1 Breads and Pizza Crusts
                    6.4.1.1 Frozen Partially Baked Bread Requires A Shorter Preparation Time of About 20 Minutes
           6.4.2 Other Bakery Products
                    6.4.2.1 Frozen Bakery Products are Gaining Popularity Because they Have Extended Shelf-Life and Aid in the Production of Freshly Baked Products
    6.5 Meat & Seafood Products
           6.5.1 Frozen Meat & Seafood Occupied About 24% of the Overall Frozen Food Market
    6.6 Convenience Foods & Ready Meals
           6.6.1 Convenience Food & Ready Meals Segment is Projected to Grow at A Significant Rate Due to Changing Lifestyles and Increasing Globalization
    6.7 Others
           6.7.1 Growth in Bakery and Convenience Food Segment is Expected to Propel the Demand for Other Frozen Food Products

7 Frozen Food Market, By Type (Page No. - 52)
    7.1 Introduction
    7.2 Raw Material
    7.3 Half-Cooked
    7.4 Ready-To-Eat

8 Frozen Food Market, By Consumption (Page No. - 57)
    8.1 Introduction
    8.2 Food Service
    8.3 Retail

9 Frozen Food Market, By Distribution Channel (Page No. - 61)
    9.1 Introduction
    9.2 Offline
    9.3 Online

10 Frozen Food Market, By Region (Page No. - 65)
     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 Boosting the Frozen Food Market in Canada
             10.2.3 Mexico
                        10.2.3.1 Frozen Food Market in Mexico to Grow at the Highest Cagr in North America Due to the Increasing Demand for Convenience Food
     10.3 Europe
             10.3.1 Germany
                        10.3.1.1 Germany Accounted for the Largest Share of the Frozen Food Market in the Region
             10.3.2 France
                        10.3.2.1 The Frozen Food Market is Witnessing Significant Growth, Due to the Increasing Inclination of Consumers Toward 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 the Market Growth
     10.4 Asia Pacific
             10.4.1 Australia & New Zealand
                        10.4.1.1 Increasing Acceptance Among Consumers for Half-Cooked Frozen Foods
             10.4.2 China
                        10.4.2.1 Rising Acceptance of Western Cuisine and Food Habits
             10.4.3 India
                        10.4.3.1 Growing Processed Industry and Rapidly Increasing Youth Population
             10.4.4 Japan
                        10.4.4.1 Strong Cold Chain Logistics Infrastructure
             10.4.5 Rest of Asia Pacific
                        10.4.5.1 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 Consumers 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. - 97)
     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-Ups/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, 2016–2023 (USD Billion)
Table 2 Fruits & Vegetables: Frozen Food Market Size, By Region, 2016–2023 (USD Million)
Table 3 Frozen Fruits: Frozen Food Market Size, By Region, 2016–2023 (USD Million)
Table 4 Frozen Vegetables: Frozen Food Market Size, By Region, 2016–2023 (USD Million)
Table 5 Frozen Potatoes: Frozen Food Market Size, By Region, 2016–2023 (USD Million)
Table 6 Other Vegetables: Frozen Food Market Size, By Region, 2016–2023 (USD Million)
Table 7 Dairy Products: Frozen Food Market Size, By Region, 2016–2023 (USD Million)
Table 8 Bakery Products: Frozen Food Market Size, By Region, 2016–2023 (USD Million)
Table 9 Breads and Pizza Crusts: Frozen Food Market Size, By Region, 2016–2023 (USD Million)
Table 10 Other Bakery Products: Frozen Food Market Size, By Region, 2016–2023 (USD Million)
Table 11 Meat & Seafood Products: Frozen Food Market Size, By Region, 2016–2023 (USD Million)
Table 12 Convenience Foods & Ready Meals: Frozen Food Market Size, By Region, 2016–2023 (USD Million)
Table 13 Others: Frozen Food Market Size, By Region, 2016–2023 (USD Million)
Table 14 Frozen Food Market Size, By Type, 2016–2023 (USD Billion)
Table 15 Raw Material: Frozen Food Market Size, By Region, 2016–2023 (USD Million)
Table 16 Half-Cooked: Frozen Food Market Size, By Region, 2016–2023 (USD Million)
Table 17 Ready-To-Eat: Frozen Food Market Size, By Region, 2016–2023 (USD Million)
Table 18 Frozen Food Market Size, By Consumption, 2016–2023 (USD Billion)
Table 19 Food Service: Frozen Food Market Size, By Region, 2016–2023 (USD Million)
Table 20 Retail: Frozen Food Market Size, By Region, 2016–2023 (USD Million)
Table 21 Frozen Food Market Size, By Distribution Channel, 2016–2023 (USD Billion)
Table 22 Offline: Frozen Food Market Size, By Region, 2016–2023 (USD Million)
Table 23 Online: Frozen Food Market Size, By Region, 2016–2023 (USD Million)
Table 24 Frozen Food Market Size, By Region, 2016–2023 (USD Billion)
Table 25 North America: Frozen Food Market Size, By Country, 2016–2023 (USD Million)
Table 26 North America: Frozen Food Market Size, By Product, 2016–2023 (USD Million)
Table 27 North America: Frozen Food Market Size, By Type, 2016–2023 (USD Million)
Table 28 North America: Frozen Food Market Size, By Consumption, 2016–2023 (USD Million)
Table 29 North America: Frozen Food Market Size, By Distribution Channel, 2016–2023 (USD Million)
Table 30 US: Frozen Food Market Size, By Product, 2016–2023 (USD Million)
Table 31 Canada: Frozen Food Market Size, By Product, 2016–2023 (USD Million)
Table 32 Mexico: Frozen Food Market Size, By Product, 2016–2023 (USD Million)
Table 33 Europe: Frozen Food Market Size, By Country, 2016–2023 (USD Million)
Table 34 Europe: Frozen Food Market Size, By Product, 2016–2023 (USD Million)
Table 35 Europe: Frozen Food Market Size, By Type, 2016–2023 (USD Million)
Table 36 Europe: Frozen Food Market Size, By Consumption, 2016–2023 (USD Million)
Table 37 Europe: Frozen Food Market Size, By Distribution Channel, 2016–2023 (USD Million)
Table 38 Germany: Frozen Food Market Size, By Product, 2016–2023 (USD Million)
Table 39 France: Frozen Food Market Size, By Product, 2016–2023 (USD Million)
Table 40 UK: Frozen Food Market Size, By Product, 2016–2023 (USD Million)
Table 41 Italy: Frozen Food Market Size, By Product, 2016–2023 (USD Million)
Table 42 Spain: Frozen Food Market Size, By Product, 2016–2023 (USD Million)
Table 43 Rest of Europe: Frozen Food Market Size, By Product, 2016–2023 (USD Million)
Table 44 Asia Pacific: Frozen Food Market Size, By Country, 2016–2023 (USD Million)
Table 45 Asia Pacific: Frozen Food Market Size, By Product, 2016–2023 (USD Million)
Table 46 Asia Pacific: Frozen Food Market Size, By Type, 2016–2023 (USD Million)
Table 47 Asia Pacific: Frozen Food Market Size, By Distribution Channel, 2016–2023 (USD Million)
Table 48 Asia Pacific: Frozen Food Market Size, By Consumption, 2016–2023 (USD Million)
Table 49 Australia & New Zealand: Frozen Food Market Size, By Product, 2016–2023 (USD Million)
Table 50 China: Frozen Food Market Size, By Product, 2016–2023 (USD Million)
Table 51 India: Frozen Food Market Size, By Product, 2016–2023 (USD Million)
Table 52 Japan: Frozen Food Market Size, By Product, 2016–2023 (USD Million)
Table 53 Rest of Asia Pacific: Frozen Food Market Size, By Product, 2016–2023 (USD Million)
Table 54 South America: Frozen Food Market Size, By Country, 2016–2023 (USD Million)
Table 55 South America: Frozen Food Market Size, By Product, 2016–2023 (USD Million)
Table 56 South America: Frozen Food Market Size, By Type, 2016–2023 (USD Million)
Table 57 South America: Frozen Food Market Size, By Consumption, 2016–2023 (USD Million)
Table 58 South America: Frozen Food Market Size, By Distribution Channel, 2016–2023 (USD Million)
Table 59 Brazil: Frozen Food Market Size, By Product, 2016–2023 (USD Million)
Table 60 Rest of South America: Frozen Food Market Size, By Product, 2016–2023 (USD Million)
Table 61 Gcc: Historical Total Volume Sales of Meat, By Country, 2012–2016 (Thousand Tonnes)
Table 62 Middle East & Africa: Frozen Food Market Size, By Product, 2016–2023 (USD Million)
Table 63 Middle East & Africa: Frozen Food Market Size, By Type, 2016–2023 (USD Million)
Table 64 Middle East & Africa: Frozen Food Market Size, By Consumption, 2016–2023 (USD Million)
Table 65 Middle East & Africa: Frozen Food Market Size, By Distribution Channel, 2016–2023 (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, 2013–2016

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 Share, By Product, 2018 vs. 2023
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 Was Dominant, in Terms of Product, in the European Frozen Food Market
Figure 15 Foodservice Segment 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, 2011–2016 (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, 2013–2017 (USD Million)
Figure 31 Frozen Food Production in Japan, 2013–2017 (Mt)
Figure 32 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, 2016–2018
Figure 37 General Mills Inc.: Company Snapshot
Figure 38 Conagra 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.

Secondary Research

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.

Primary Research

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.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

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:

• The key players in the industry and markets were identified through extensive secondary research.
• The value chain and market size of the frozen food market, in terms of value, were determined through primary and secondary research.
• All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
• All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
• The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for key opinions from leaders such as CEOs, directors, and marketing executives.

Data Triangulation

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 Objectives

• To define, segment, and project the global market size for frozen food
• To understand the structure of the frozen food market by identifying its various subsegments
• To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze the micromarkets, with respect to individual growth trends, future prospects, and their contributions to the total market
• To project the size of the market and its submarkets, in terms of value, with respect to  regions (along with their respective key countries)
• To profile key players and comprehensively analyze their core competencies
• To understand the competitive landscape and identify major growth strategies adopted by players across key regions
• To analyze the competitive developments such as expansions & investments, new product launches, mergers & acquisitions, joint ventures, and agreements

Scope of the report

This research report categorizes the frozen food market based on product, consumption, type, distribution channel, and region.

On the basis of product, the market has been segmented as follows:

• Fruits & vegetables
  • Frozen fruits
  • Frozen vegetables
    • Frozen potatoes
    • Other
• Dairy products
• Bakery products
  • Breads & pizza crusts
  • Others 
• Meat & seafood products
• Convenience food & ready meals
• Other

On the basis of consumption, the market has been segmented as follows:

• Food service
• Retail

On the basis of type, the market has been segmented as follows:

• Raw material
• Half-cooked
• Ready-to-eat

On the basis of distribution channel, the market has been segmented as follows:

• Offline
• Online

On the basis of region, the market has been segmented as follows:

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Available Customizations

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:

Product Analysis

• Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

• Further breakdown of the North American, European, Asia Pacific, South American, and the Middle East & African frozen food market

Company Information

• Detailed analysis and profiling of additional market players (up to five)