Frozen Food Market to Reach $408.05 Billion by 2022

December 6, 2022

REDDING, Calif., Dec. 6, 2022 /PRNewswire/ — In keeping with a brand new market analysis report titled, “Frozen Food Market by Product (Prepared Meals, Meat & Poultry, Seafood, Dairy Merchandise, Bakery Merchandise, Greens, and Fruits), Kind (Uncooked, Half-cooked, and Prepared-to-eat), and Distribution Channel (B2B and B2C) – World Forecasts to 2029,” the frozen meals market is anticipated to develop at a CAGR of 5.2% from 2022 to 2029 to succeed in $408.05 billion by 2029.

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Frozen meals is outlined as meals merchandise preserved beneath low temperatures and used over an extended interval. These days, busy schedules affect shoppers to shift their dietary preferences in direction of ready-to-eat meals merchandise. Therefore, frozen meals have develop into an necessary a part of the trendy weight loss plan.

The expansion of this market is backed by the rising demand for comfort meals, the rising world cold-chain market, and altering client tastes and preferences. Furthermore, the rising digitalization within the retail business and rising economies in Asia-Pacific, Latin America, and the Center East & Africa present vital development alternatives on this market.

Nevertheless, the rising choice for recent and pure meals merchandise and fixed temperature monitoring necessities impede the expansion of this market to some extent. Then again, the shortage of chilly chain infrastructure in growing economies poses a problem to frozen meals producers.

Rising Demand for Comfort Meals to Drive the Progress of the Frozen Meals Market

Shopper demand for comfort meals has grown considerably over the previous many years. Customers are extra inclined towards comfort meals merchandise, comparable to baked items, confectioneries, drinks, and different prepared meals, owing to their on the spot nature, to chop down the preparation and dealing with time of the meals. The demand for supper time options by present-day shoppers is rising quickly, as client meal consumption habits is shifting drastically. Whereas people more and more lack the time and ability to organize meals of their properties, many shoppers are keen to spend cash within the ready-to-eat market. As well as, the comfort pattern within the U.S. and China just isn’t a short-term phenomenon – it’s right here to remain. Rising urbanization will seemingly assist the comfort motion achieve additional traction.

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Greater than half of the world’s inhabitants lives in city areas, and nearly all of the international locations worldwide have gotten more and more urbanized. In keeping with the United Nations World Urbanization Report, the city inhabitants of the world has grown quickly from 439,498,772 in 2015 to 471,031,528 in 2019, which reveals that just about 55% of the world’s inhabitants lives in city areas, a proportion that’s anticipated to extend to 68% by 2050. Because of this, city shoppers are gaining publicity to a a lot wider alternative and higher meals availability than these dwelling in rural areas. Additionally, this urbanization pattern contributes considerably towards improved dwelling requirements and rising incomes, which influences the affordability of frozen meals merchandise to a higher extent.

Additional, with the rising urbanization, the demand for comfort meals merchandise is rising quickly, primarily as a result of altering existence, rising variety of nuclear households, an rising proportion of working girls, and fewer time for meals preparation. These components create a powerful case for the accelerated development of the frozen meals merchandise market, as frozen meals merchandise have simple availability and have an extended shelf life.

To supply environment friendly evaluation, Meticulous Analysis^® has segmented this market based mostly on product (prepared meals, meat & poultry, seafood, dairy merchandise, bakery merchandise {bread, pizza crust, muffins & pastries, cookies & biscuits, doughnuts, waffles, and different frozen bakery merchandise}, greens, fruits, and different frozen merchandise), sort (uncooked, half-cooked, and ready-to-eat), distribution channel (business-to-business {meals providers, meals producers, and fast service eating places} and business-to-consumers {Offline [supermarkets & hypermarkets, convenience stores, and other stores] and on-line}), and geography (North America, Europe, Asia-Pacific, Latin America, and the Center East & Africa).

Based mostly on product, the prepared meals phase is anticipated to account for the biggest share of the frozen meals market in 2022. Nevertheless, the seafood phase is anticipated to witness vital development as a result of rising consumption of fish for improved well being and rising world aquaculture manufacturing. As well as, the rising demand for frozen seafood as a thickening agent in varied end-use purposes, has strengthened the expansion of the frozen seafood market.

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Based mostly on sort, the bread phase is anticipated to account for the biggest share of the frozen bakery merchandise market in 2022. The big share of this phase is especially attributed to the rising bread consumption throughout the globe, rising choice for quick meals, altering existence, and an rising variety of ready-to-eat product chains and QSRs. Rising client choice for wholesome merchandise is anticipated to additional assist the frozen bread phase’s development.

Based mostly on sort, the uncooked materials phase is anticipated to account for the biggest share of the frozen meals market in 2022. The big share of this phase is especially attributed to the elevated consciousness in regards to the dietary properties of uncooked frozen meals, rising incidences of weight problems and different associated illnesses, and the rising variety of uncooked labeled foods and drinks merchandise. Nevertheless, the ready-to-eat phase is anticipated to witness vital development throughout the forecast interval.

Based mostly on distribution channel, the frozen meals market is segmented into business-to-business (B2B) and business-to-consumer (B2C)..Nevertheless, the business-to-consumer phase is anticipated to witness vital development throughout the forecast interval. The fast development of this phase is especially attributed to the rising inhabitants density in city areas, the rising pattern of on-line purchasing, the rising recognition of the franchising idea, rising choice for personalization, client comfort, and higher product choice.

Based mostly on geography, Asia-Pacific area is anticipated to witness fast development throughout the forecast interval, owing to the altering life-style, rising employment, rising International Direct Funding (FDI) within the retail sector, rising consciousness relating to the significance of protein-rich diets, and rising demand for processed meals merchandise in rising international locations comparable to India, Indonesia, and Thailand and developed international locations comparable to China. Moreover, the rising demand for western dairy merchandise comparable to pure snacks, fermented dairy merchandise, comparable to yogurt, bitter milk, and so on., additional helps the expansion of the frozen meals market within the area.

A number of the key gamers working within the frozen meals market are Basic Mills, Inc. (U.S.), Conagra Manufacturers, Inc. (U.S.), Nestlé S.A. (Switzerland), Unilever PLC (U.Ok.), Kellogg Firm (U.S.), McCain Meals Restricted (Canada), The Kraft Heinz Firm (U.S.), Tyson Meals, Inc. (U.S.), Related British Meals plc (U.Ok.), Ajinomoto Co., Inc. (Japan), Vandemoortele NV (Belgium), Lantmännen Unibake Worldwide (Denmark), Cargill, Included (U.S.), Europastry, S.A. (Spain), JBS S.A. (Brazil), ARYZTA AG (Switzerland), and Nomad Meals Restricted (U.Ok.), amongst others.

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Scope of the Report

Frozen Meals Market, by Product

Prepared Meals
Meat & Poultry
Seafood
Dairy Merchandise
Bakery Merchandise
Greens
Fruits
Different Frozen Merchandise

Frozen Meals Market, by Kind

Uncooked
Half-cooked
Prepared-to-eat

Frozen Meals Market, by Distribution Channel

Frozen Meals Market, by Geography

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