Frozen Food Market By Product (Fruits & Vegetables, Dairy, Meat & Seafood), Type (Raw Material, Half Cooked), Consumption, Distribution Channel, and Region (North America, Europe, Asia Pacific, South America, and MEA) - Global Forecast to 2025
Market Segmentation
| Report Metrics | Details |
|
Market size available for years |
2020 - 2025 |
|
CAGR % |
5 |
Top 10 companies in Frozen Food Market
Frozen Food Market News
| Publish Date | Frozen Food Market Updates |
|---|---|
| 05-Jul-2023 | Frozen Food Contributes to Food Waste Reduction | News |
| 29-Jun-2023 | New Research Reveals Frozen Food’s Role in Reducing Food Waste |
| 28-Jun-2023 | Americans Beat the Summer Heat in the Frozen Food Aisle |
| 22-Jun-2023 | Your guide to meal prepping frozen food for easy dinners and ... |
| 19-Jun-2023 | Frozen Nuggets That Use 100% White Meat Chicken |
| 10-Jun-2023 | 38 Frozen Foods That Are Even Better In The Air Fryer |
| 28-May-2023 | Best & Worst Frozen Foods at Trader Joe's, According to Dietitians |
| 23-May-2023 | 10 Worst Frozen Foods That Are Making You Gain Weight |
| 22-May-2023 | Scoular acquires frozen fish processing facility to serve pet food customers |
| 19-May-2023 | The Chef-Approved Way To Elevate Frozen Food From Bland To ... |
[157 Pages Report] The frozen food market size was valued at USD 244.3 billion in 2020 and is projected to reach a value of about USD 312.3 billion by 2025, at a CAGR of 5.0%. 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.
To know about the assumptions considered Request for Free Sample Report
Market Dynamics
Drivers: Rising demand for convenience food
The increasing consumer preference toward convenience foods indirectly favors the increasing demand for frozen products as they require less time and effort as compared to cooking from scratch. The processed food market is driven by the greater need for convenience due to the busy lifestyles of consumers. This, in turn, increases the demand for frozen products. Increasing disposable income is also one such factor that has a huge influence on the growth of the frozen food market as it increases the buying power of consumers.
Restraints: Rising preference for fresh and natural food products
To some consumers, frozen food is thought of as a product that is an inferior substitute for fresh food, which is one of the major restraints for this market. There is a notion that food processed a year or more before it is consumed could not be nutritious. However, statements such as “frozen produce can be just as good as the fresh stuff in terms of nutrition” from the US Food and Drug Administration (FDA) and the International Food Information Council (IFIC) about the nutrient content of frozen food are changing the consumer perception. Nutrients such as vitamin C and folate can change with the change in temperature while food items stored at varying temperatures can lose their nutrients. Since frozen foods are stored at a constant low temperature, they do not lose such essential nutrients.
Opportunities: Digitalization of the retail industry
One of the latest trends driving the market is online grocery shopping and the introduction of new apps, making it convenient for consumers to pick their preferred products. Consumers are inclined toward online shopping due to features of convenience and variety. According to Eurostat, in 2018, almost 25% of the population bought food and groceries from online retail channels. With the growing penetration of the Internet and smartphone usage, retail grocery shopping is emerging as one of the platforms for companies to showcase and sell their food products.
Challenges: Lack of cold chain infrastructure in developing economies
Cold chain logistics have proved to be a vital requirement to increase the market share of frozen food in any country. However, developing countries are still lacking in cold chain infrastructure and are unable to supply safe frozen food products to their citizens. Frozen food has a long shelf-life; however, due to lack of infrastructure, the product is wasted easily leading to a loss for frozen food manufacturers. Lack of investment due to the monetary crisis in developing economies has been one reason slowing down the cold chain logistics business. This, in turn, has hampered the frozen food market. Poor infrastructure in cold chain logistics has also directly impacted the import & export business of frozen food products in developing countries such as Bangladesh, South Africa, and Myanmar. However, these developing countries offer a huge opportunity for investment in the market due to the rising acceptance among consumers in urban areas.
The convenient & ready meals segment is estimated to dominate the global market in 2020.
By product, the convenient & ready meals segment is estimated to dominate the global market in 2020. 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.
The offline segment is estimated to account for the largest share in the frozen food market in 2020.
By distribution channel, the offline segment is estimated to account for the largest share in the market in 2020. 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.
The ready-to-cook segment is projected to grow at the highest CAGR during the forecast period in the market.
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.
To know about the assumptions considered for the study, download the pdf brochure
Europe accounted for the largest share in the frozen food market
Europe accounted for the largest market share in the market. 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.
Key Market Players
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 (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), Cargill (US), Europastry S.A. (Spain), JBS (Brazil), Kidfresh (US), Aryzta (US), Kuppies (India), OOB Organics (New Zealand), Omar International Pvt Ltd (India), Bubba Foods (US), Shishi He Deming (China), and Smart Price Sales & Marketing (US), Chevon Agrotech Pvt Ltd (India), and Omar International Pvt Ltd (India).
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
Request Sample Scope of the Report
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
|
Report Metric |
Details |
|
Market size available for years |
2018–2025 |
|
Base year considered |
2019 |
|
Forecast period |
2020–2025 |
|
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 |
General Mills Inc (US), Conagra Brands, Inc. (US), Grupo Bimbo S.A.B. de C.V. (Mexico), Nestle SA (Switzerland), Unilever (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), Cargill (US), Europastry S.A. (Spain), JBS (Brazil), Kidfresh (US), Aryzta (US), Kuppies (India), OOB Organics (New Zealand), Omar International Pvt Ltd (India), Bubba Foods (US), Shishi He Deming (China), and Smart Price Sales & Marketing (US), Chevon Agrotech Pvt Ltd (India), and Omar International Pvt Ltd (India). |
This research report categorizes the global 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 vegetables
- Dairy products
-
Bakery products
- Breads & pizza crusts
- Other bakery products
- Meat & seafood products
- Convenience food & ready meals
-
Other products
-
On the basis of consumption, the frozen food market has been segmented as follows:
-
On the basis of consumption, the frozen food 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 frozen food market has been segmented as follows:
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Recent Developments:
- In June 2018, Lantmännen Unibake opened up a new production plant in Nowa Sól, Poland to increase its production capabilities.
- In October 2018, Conagra acquired Pinnacle Foods Inc. (US); the acquisition helped Pinnacle foods to widen its frozen meals & snacks and sweet treats categories.
- In September 2018, Grupo Bimbo added four frozen bakery lines to its Argentina plant. This step was taken to increase the export business of the company in neighboring countries such as Chile.
- In November 2018, Nestle launched Wildspace, a range of healthy frozen meals in reusable and recyclable containers. Wildscape meals include six different varieties, such as the gochujang cauliflower with Brussel sprouts, quinoa, chickpeas, pickled onions, riced cauliflower, and cashews.
- In May 2018, Nestlé launched a meat-free brand—Garden Gourmet—in the UK. Garden Gourmet offers healthy meat-free products and is expected to strengthen the frozen ready meals segment in the UK.
Frequently Asked Questions (FAQ):
Which are the key players in the frozen food market?
The frozen food market includes key players such as Cargill (US), General Mills Inc (US), and Unilever (The Netherlands).
What are the upcoming growth trends that the frozen food manufacturers are focusing on in the future?
The manufacturers are focusing on the increasing demand for new products such frozen bakery products
What are the key growth strategies adopted by major market players in the frozen food market?
The key growth strategies adopted by major market players includes developing and introducing new frozen food products and diversifying their product portfolio. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
FIGURE 1 MARKET SEGMENTATION
FIGURE 2 REGIONAL SCOPE
1.3.1 PERIODIZATION CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 3 RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primaries
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
2.2 MARKET SIZE ESTIMATION
FIGURE 5 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS & LIMITATIONS
2.4.1 ASSUMPTIONS
2.4.2 LIMITATIONS
2.5 COVID-19 HEALTH ASSESSMENT
FIGURE 8 COVID-19: THE GLOBAL PROPAGATION
FIGURE 9 COVID-19 PROPAGATION: SELECT COUNTRIES
2.6 COVID-19 ECONOMIC ASSESSMENT
FIGURE 10 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020
2.6.1 COVID-19 ECONOMIC IMPACT-SCENARIO ASSESSMENT
FIGURE 11 FACTORS IMPACTING GLOBAL ECONOMY
FIGURE 12 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY
3 EXECUTIVE SUMMARY
FIGURE 13 MARKET SNAPSHOT, BY PRODUCT, 2020 VS. 2025
FIGURE 14 FROZEN FOOD MARKET SIZE, BY CONSUMPTION, 2020 VS. 2025 (USD BILLION)
FIGURE 15 MARKET SIZE, BY TYPE, 2020 VS. 2025 (USD BILLION)
FIGURE 16 MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018 VS. 2023 (USD BILLION)
FIGURE 17 MEA TO RECORD AT THE HIGHEST CAGR IN THE FROZEN FOOD MARKET, 2020-2025
FIGURE 18 EUROPE DOMINATED THE FROZEN FOOD MARKET IN 2020
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THE MARKET
FIGURE 19 DEVELOPING COUNTRIES OFFER ATTRACTIVE OPPORTUNITIES IN THE MARKET GLOBALLY
4.2 EUROPE: FROZEN FOOD MARKET, BY PRODUCT AND COUNTRY
FIGURE 20 CONVENIENCE FOOD & READY MEALS SEGMENT WAS DOMINANT, IN TERMS OF PRODUCT, IN THE EUROPEAN MARKET
4.3 MARKET, BY CONSUMPTION
FIGURE 21 FOODSERVICE SEGMENT TO DOMINATE THE MARKET DURING THE FORECAST PERIOD
4.4 MARKET, BY TYPE
FIGURE 22 THE RAW MATERIAL SEGMENT TO DOMINATE THE FROZEN MARKET, BY TYPE, FROM 2020 TO 2025
4.5 MARKET, BY COUNTRY/REGION
FIGURE 23 THE US ACCOUNTED FOR THE LARGEST SHARE OF THE GLOBAL MARKET IN 2019
4.6 COVID-19 IMPACT ON THE FROZEN FOOD MARKET
FIGURE 24 COMPARISON OF PRE- AND POST-COVID-19 SCENARIO
5 MARKET OVERVIEW
5.1 INTRODUCTION
TABLE 1 CONNECTED/ADJACENT MARKETS
5.2 MARKET DYNAMICS
FIGURE 25 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Developments in the 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
FIGURE 26 ONLINE PURCHASES OF GOODS & SERVICES IN THE EUROPEAN UNION (2018)
5.2.3.2 Increasing trade of processed food
FIGURE 27 GLOBAL SEAFOOD EXPORT, 2011-2016 (USD MILLION)
5.2.4 CHALLENGES
5.2.4.1 Lack of cold chain infrastructure in developing economies
5.3 COVID-19 DRIVERS
6 FROZEN FOOD MARKET, BY PRODUCT
6.1 INTRODUCTION
FIGURE 28 MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2020 VS. 2025 (USD BILLION)
TABLE 2 MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2016-2019 (USD BILLION)
TABLE 3 MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2020-2025 (USD BILLION)
6.1.1 COVID-19 IMPACT ON THE FROZEN FOOD MARKET, BY PRODUCT
6.1.1.1 Optimistic scenario
TABLE 4 OPTIMISTIC SCENARIO: FROZEN FOOD MARKET SIZE, BY PRODUCT, 2018-2021 (USD BILLION)
6.1.1.2 Realistic scenario
TABLE 5 REALISTIC SCENARIO: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2018-2021 (USD BILLION)
6.1.1.3 Pessimistic scenario
TABLE 6 PESSIMISTIC SCENARIO: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2018-2021 (USD BILLION)
6.2 FRUITS & VEGETABLES
TABLE 7 FROZEN FOOD MARKET SIZE FOR FRUITS & VEGETABLES, BY REGION, 2016-2019 (USD MILLION)
TABLE 8 MARKET SIZE FOR FRUITS & VEGETABLES, BY REGION, 2020-2025 (USD MILLION)
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
TABLE 9 MARKET SIZE FOR FROZEN FRUITS, BY REGION, 2016-2019 (USD MILLION)
TABLE 10 MARKET SIZE FOR FROZEN FRUITS, BY REGION, 2020-2025 (USD MILLION)
6.2.2 FROZEN VEGETABLES
TABLE 11 MARKET SIZE FOR FROZEN VEGETABLES, BY REGION, 2016-2019 (USD MILLION)
TABLE 12 MARKET SIZE FOR FROZEN VEGETABLES, BY REGION, 2020-2025 (USD MILLION)
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
TABLE 13 MARKET SIZE FOR FROZEN POTATOES, BY REGION, 2016-2019 (USD MILLION)
TABLE 14 MARKET SIZE FOR FROZEN POTATOES, BY REGION, 2020-2025 (USD MILLION)
6.2.2.2 Other Vegetables
6.2.2.2.1 Frozen vegetables are majorly used by foodservice segments such as QSRs
TABLE 15 MARKET SIZE OTHER VEGETABLES, BY REGION, 2016-2019 (USD MILLION)
TABLE 16 MARKET SIZE FOR OTHER VEGETABLES, BY REGION, 2020-2025 (USD MILLION)
6.3 DAIRY PRODUCTS
6.3.1 ICE CREAM IS CURRENTLY DOMINATING THE MARKET DUE TO ITS HIGH MARKET PENETRATION AND INCREASING CONSUMPTION
TABLE 17 MARKET SIZE FOR DAIRY PRODUCTS, BY REGION, 2016-2019 (USD MILLION)
TABLE 18 FROZEN FOOD MARKET SIZE FOR DAIRY PRODUCTS, BY REGION, 2020-2025 (USD MILLION)
6.4 BAKERY PRODUCTS
TABLE 19 FROZEN FOOD MARKET SIZE FOR BAKERY PRODUCTS, BY REGION, 2016-2019 (USD MILLION)
TABLE 20 MARKET SIZE FOR BAKERY PRODUCTS, BY REGION, 2020-2025 (USD MILLION)
6.4.1 BREAD AND PIZZA CRUSTS
6.4.1.1 Frozen partially baked bread requires a shorter preparation time of about 20 minutes
TABLE 21 MARKET SIZE FOR BREAD AND PIZZA CRUSTS, BY REGION, 2016-2019 (USD MILLION)
TABLE 22 MARKET SIZE FOR BREAD AND PIZZA CRUSTS, BY REGION, 2020-2025 (USD MILLION)
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
TABLE 23 MARKET SIZE FOR OTHER BAKERY PRODUCTS, BY REGION, 2016-2019 (USD MILLION)
TABLE 24 MARKET SIZE FOR OTHER BAKERY PRODUCTS, BY REGION, 2020-2025 (USD MILLION)
6.5 MEAT & SEAFOOD PRODUCTS
6.5.1 FROZEN MEAT & SEAFOOD OCCUPIED ABOUT 24% OF THE OVERALL FROZEN FOOD MARKET
TABLE 25 MARKET SIZE FOR MEAT & SEAFOOD PRODUCTS, BY REGION, 2016-2019 (USD MILLION)
TABLE 26 MARKET SIZE FOR MEAT & SEAFOOD PRODUCTS, BY REGION, 2020-2025 (USD MILLION)
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
TABLE 27 MARKET SIZE FOR CONVENIENCE FOODS & READY MEALS, BY REGION, 2016-2019 (USD MILLION)
TABLE 28 MARKET SIZE FOR CONVENIENCE FOODS & READY MEALS, BY REGION, 2020-2025 (USD MILLION)
6.7 OTHER PRODUCTS
6.7.1 GROWTH IN BAKERY AND CONVENIENCE FOOD SEGMENT IS EXPECTED TO PROPEL THE DEMAND FOR OTHER FROZEN FOOD PRODUCTS
TABLE 29 MARKET SIZE FOR OTHER PRODUCTS, BY REGION, 2016-2019 (USD MILLION)
TABLE 30 MARKET SIZE FOR OTHER PRODUCTS, BY REGION, 2020-2025 (USD MILLION)
7 FROZEN FOOD MARKET, BY TYPE
7.1 INTRODUCTION
FIGURE 29 MARKET SIZE FOR FROZEN FOOD, BY TYPE, 2020 VS. 2025 (USD BILLION)
TABLE 31 MARKET SIZE FOR FROZEN FOOD, BY TYPE, 2016-2019 (USD BILLION)
TABLE 32 MARKET SIZE FOR FROZEN FOOD, BY TYPE, 2020-2025 (USD BILLION)
7.1.1 COVID-19 IMPACT ON THE FROZEN FOOD MARKET, BY TYPE
7.1.1.1 Optimistic scenario
TABLE 33 OPTIMISTIC SCENARIO: MARKET SIZE FOR FROZEN FOOD, BY TYPE, 2018-2021 (USD BILLION)
7.1.1.2 Realistic scenario
TABLE 34 REALISTIC SCENARIO: MARKET SIZE FOR FROZEN FOOD, BY TYPE, 2018-2021 (USD BILLION)
7.1.1.3 Pessimistic scenario
TABLE 35 PESSIMISTIC SCENARIO: MARKET SIZE FOR FROZEN FOOD, BY TYPE, 2018-2021 (USD BILLION)
7.2 RAW MATERIAL
TABLE 36 RAW MATERIAL MARKET SIZE, BY REGION, 2016-2019 (USD MILLION)
TABLE 37 RAW MATERIAL MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
7.3 HALF-COOKED
TABLE 38 HALF-COOKED MARKET SIZE, BY REGION, 2016-2019 (USD MILLION)
TABLE 39 HALF-COOKED MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
7.4 READY-TO-EAT
TABLE 40 READY-TO-EAT MARKET SIZE, BY REGION, 2016-2019 (USD MILLION)
TABLE 41 READY-TO-EAT MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
8 FROZEN FOOD MARKET, BY CONSUMPTION
8.1 INTRODUCTION
FIGURE 30 MARKET SIZE FOR FROZEN FOOD, BY CONSUMPTION, 2020 VS. 2025 (USD BILLION)
TABLE 42 MARKET SIZE FOR FROZEN FOOD, BY CONSUMPTION, 2016-2019 (USD BILLION)
TABLE 43 MARKET SIZE FOR FROZEN FOOD, BY CONSUMPTION, 2020-2025 (USD BILLION)
8.1.1 COVID-19 IMPACT ON THE FROZEN FOOD MARKET, BY CONSUMPTION
8.1.1.1 Optimistic scenario
TABLE 44 OPTIMISTIC SCENARIO: MARKET SIZE FOR FROZEN FOOD, BY CONSUMPTION, 2018-2021 (USD BILLION)
8.1.1.2 Realistic scenario
TABLE 45 REALISTIC SCENARIO: MARKET SIZE FOR FROZEN FOOD, BY CONSUMPTION, 2018-2021 (USD BILLION)
8.1.1.3 Pessimistic scenario
TABLE 46 PESSIMISTIC SCENARIO: MARKET SIZE FOR FROZEN FOOD, BY CONSUMPTION, 2018-2021 (USD BILLION)
8.2 FOODSERVICE
TABLE 47 MARKET SIZE IN FOODSERVICE, BY REGION, 2016-2019 (USD MILLION)
TABLE 48 MARKET SIZE IN FOODSERVICE, BY REGION, 2020-2025 (USD MILLION)
8.3 RETAIL
TABLE 49 MARKET SIZE IN RETAIL, BY REGION, 2016-2019 (USD MILLION)
TABLE 50 MARKET SIZE IN RETAIL, BY REGION, 2020-2025 (USD MILLION)
9 FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.1 INTRODUCTION
TABLE 51 MARKET SIZE FOR FROZEN FOOD, BY DISTRIBUTION CHANNEL, 2016-2019 (USD BILLION)
TABLE 52 MARKET SIZE FOR FROZEN FOOD, BY DISTRIBUTION CHANNEL, 2020-2025 (USD BILLION)
9.1.1 COVID-19 IMPACT ON THE FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL
9.1.1.1 Optimistic scenario
TABLE 53 OPTIMISTIC SCENARIO: MARKET SIZE FOR FROZEN FOOD, BY DISTRIBUTION CHANNEL, 2018-2021 (USD BILLION)
9.1.1.2 Realistic scenario
TABLE 54 REALISTIC SCENARIO: MARKET SIZE FOR FROZEN FOOD, BY DISTRIBUTION CHANNEL, 2018-2021 (USD BILLION)
9.1.1.3 Pessimistic scenario
TABLE 55 PESSIMISTIC SCENARIO: MARKET SIZE FOR FROZEN FOOD, BY DISTRIBUTION CHANNEL, 2018-2021 (USD BILLION)
9.2 OFFLINE
TABLE 56 OFFLINE FROZEN FOOD MARKET SIZE, BY REGION, 2016-2019 (USD MILLION)
TABLE 57 OFFLINE FROZEN FOOD MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
9.3 ONLINE
TABLE 58 ONLINE FROZEN FOOD MARKET SIZE, BY REGION, 2016-2019 (USD MILLION)
TABLE 59 ONLINE FROZEN FOOD MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
10 FROZEN FOOD MARKET, BY REGION
10.1 INTRODUCTION
FIGURE 31 EUROPE TO LEAD THE FROZEN FOOD MARKET, BY 2025 (USD BILLION)
TABLE 60 MARKET SIZE FOR FROZEN FOOD, BY REGION, 2016-2019 (USD BILLION)
TABLE 61 MARKET SIZE FOR FROZEN FOOD, BY REGION, 2020-2025 (USD BILLION)
10.1.1 COVID-19 IMPACT ON THE FROZEN FOOD MARKET, BY REGION
10.1.1.1 Optimistic scenario
TABLE 62 OPTIMISTIC SCENARIO: MARKET SIZE FOR FROZEN FOOD, BY REGION, 2018-2021 (USD BILLION)
10.1.1.2 Realistic scenario
TABLE 63 REALISTIC SCENARIO: MARKET SIZE FOR FROZEN FOOD, BY REGION, 2018-2021 (USD BILLION)
10.1.1.3 Pessimistic scenario
TABLE 64 PESSIMISTIC SCENARIO: MARKET SIZE FOR FROZEN FOOD, BY REGION, 2018-2021 (USD BILLION)
10.2 NORTH AMERICA
TABLE 65 NORTH AMERICA: FROZEN FOOD MARKET SIZE, BY COUNTRY, 2016-2019 (USD MILLION)
TABLE 66 NORTH AMERICA: MARKET SIZE FOR FROZEN FOOD, BY COUNTRY, 2020-2025 (USD MILLION)
TABLE 67 NORTH AMERICA: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2016-2019 (USD MILLION)
TABLE 68 NORTH AMERICA: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2020-2025 (USD MILLION)
TABLE 69 NORTH AMERICA: MARKET SIZE FOR FROZEN FOOD, BY TYPE, 2016-2019 (USD MILLION)
TABLE 70 NORTH AMERICA: MARKET SIZE FOR FROZEN FOOD, BY TYPE, 2020-2025 (USD MILLION)
TABLE 71 NORTH AMERICA: MARKET SIZE FOR FROZEN FOOD, BY CONSUMPTION, 2016-2019 (USD MILLION)
TABLE 72 NORTH AMERICA: MARKET SIZE FOR FROZEN FOOD, BY CONSUMPTION, 2020-2025 (USD MILLION)
TABLE 73 NORTH AMERICA: MARKET SIZE FOR FROZEN FOOD, BY DISTRIBUTION CHANNEL, 2016-2019 (USD MILLION)
TABLE 74 NORTH AMERICA: MARKET SIZE FOR FROZEN FOOD, BY DISTRIBUTION CHANNEL, 2020-2025 (USD MILLION)
10.2.1 US
10.2.1.1 The US held the largest market share in North America
TABLE 75 US: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2016-2019 (USD MILLION)
TABLE 76 US: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2020-2025 (USD MILLION)
10.2.2 CANADA
10.2.2.1 Improvements in processing and packaging technologies boosting the global market in Canada
TABLE 77 CANADA: FROZEN FOOD MARKET SIZE, BY PRODUCT, 2016-2019 (USD MILLION)
TABLE 78 CANADA: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2020-2025 (USD MILLION)
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
TABLE 79 MEXICO: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2016-2019 (USD MILLION)
TABLE 80 MEXICO: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2020-2025 (USD MILLION)
10.3 EUROPE
FIGURE 32 TOP EU TRADING PARTNERS IN EXPORT (2015)
FIGURE 33 EUROPE: MARKET SNAPSHOT
TABLE 81 EUROPE: MARKET SIZE FOR FROZEN FOOD, BY COUNTRY, 2016-2019 (USD MILLION)
TABLE 82 EUROPE: MARKET SIZE FOR FROZEN FOOD, BY COUNTRY, 2020-2025 (USD MILLION)
TABLE 83 EUROPE: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2016-2019 (USD MILLION)
TABLE 84 EUROPE: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2020-2025 (USD MILLION)
TABLE 85 EUROPE: MARKET SIZE FOR FROZEN FOOD, BY TYPE, 2016-2019 (USD MILLION)
TABLE 86 EUROPE: MARKET SIZE FOR FROZEN FOOD, BY TYPE, 2020-2025 (USD MILLION)
TABLE 87 EUROPE: MARKET SIZE FOR FROZEN FOOD, BY CONSUMPTION, 2016-2019 (USD MILLION)
TABLE 88 EUROPE: MARKET SIZE FOR FROZEN FOOD, BY CONSUMPTION, 2020-2025 (USD MILLION)
TABLE 89 EUROPE: MARKET SIZE FOR FROZEN FOOD, BY DISTRIBUTION CHANNEL, 2016-2019 (USD MILLION)
TABLE 90 EUROPE: MARKET SIZE FOR FROZEN FOOD, BY DISTRIBUTION CHANNEL, 2020-2025 (USD MILLION)
10.3.1 GERMANY
10.3.1.1 Germany accounted for the largest share of the market in the region
FIGURE 34 FROZEN VEGETABLES (EXCLUDING POTATO) PRODUCTION IN GERMANY (USD MILLION) 103
TABLE 91 GERMANY: FROZEN FOOD MARKET SIZE, BY PRODUCT, 2016-2019 (USD MILLION)
TABLE 92 GERMANY: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2020-2025 (USD MILLION)
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
TABLE 93 FRANCE: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2016-2019 (USD MILLION)
TABLE 94 FRANCE: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2020-2025 (USD MILLION)
10.3.3 UK
10.3.3.1 Convenience food & ready meals segment accounted for the largest market share in the UK
TABLE 95 UK: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2016-2019 (USD MILLION)
TABLE 96 UK: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2020-2025 (USD MILLION)
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
TABLE 97 ITALY: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2016-2019 (USD MILLION)
TABLE 98 ITALY: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2020-2025 (USD MILLION)
10.3.5 SPAIN
10.3.5.1 Retailers are focusing on providing quality, convenience, and value to the customers
TABLE 99 SPAIN: FROZEN FOOD MARKET SIZE, BY PRODUCT, 2016-2019 (USD MILLION)
TABLE 100 SPAIN: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2020-2025 (USD MILLION)
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
TABLE 101 REST OF EUROPE: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2016-2019 (USD MILLION)
TABLE 102 REST OF EUROPE: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2020-2025 (USD MILLION)
10.4 ASIA PACIFIC
TABLE 103 ASIA PACIFIC: MARKET SIZE FOR FROZEN FOOD, BY COUNTRY, 2016-2019 (USD MILLION)
TABLE 104 ASIA PACIFIC: MARKET SIZE FOR FROZEN FOOD, BY COUNTRY, 2020-2025 (USD MILLION)
TABLE 105 ASIA PACIFIC: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2016-2019 (USD MILLION)
TABLE 106 ASIA PACIFIC: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2020-2025 (USD MILLION)
TABLE 107 ASIA PACIFIC: MARKET SIZE FOR FROZEN FOOD, BY TYPE, 2016-2019 (USD MILLION)
TABLE 108 ASIA PACIFIC: MARKET SIZE FOR FROZEN FOOD, BY TYPE, 2020-2025 (USD MILLION)
TABLE 109 ASIA PACIFIC: MARKET SIZE FOR FROZEN FOOD, BY DISTRIBUTION CHANNEL, 2016-2019 (USD MILLION)
TABLE 110 ASIA PACIFIC: MARKET SIZE FOR FROZEN FOOD, BY DISTRIBUTION CHANNEL, 2020-2025 (USD MILLION)
TABLE 111 ASIA PACIFIC: MARKET SIZE FOR FROZEN FOOD, BY CONSUMPTION, 2016-2019 (USD MILLION)
TABLE 112 ASIA PACIFIC: MARKET SIZE FOR FROZEN FOOD, BY CONSUMPTION, 2020-2025 (USD MILLION)
10.4.1 AUSTRALIA & NEW ZEALAND
10.4.1.1 Increasing acceptance among consumers for half-cooked frozen foods
TABLE 113 AUSTRALIA & NEW ZEALAND: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2016-2019 (USD MILLION)
TABLE 114 AUSTRALIA & NEW ZEALAND: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2020-2025 (USD MILLION)
10.4.2 CHINA
10.4.2.1 Rising acceptance of western cuisine and food habits
FIGURE 35 VALUE OF IMPORTS OF FROZEN, CHILLED, AND FRESH PORK MEAT IN CHINA, 2013-2017 (USD MILLION)
TABLE 115 CHINA: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2016-2019 (USD MILLION)
TABLE 116 CHINA: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2020-2025 (USD MILLION)
10.4.3 INDIA
10.4.3.1 Growing processed industry and rapidly increasing youth population
TABLE 117 INDIA: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2016-2019 (USD MILLION)
TABLE 118 INDIA: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2020-2025 (USD MILLION)
10.4.4 JAPAN
10.4.4.1 Strong cold chain logistics infrastructure
FIGURE 36 FROZEN FOOD PRODUCTION IN JAPAN, 2013-2017 (MT)
TABLE 119 JAPAN: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2016-2019 (USD MILLION)
TABLE 120 JAPAN: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2020-2025 (USD MILLION)
10.4.5 REST OF ASIA PACIFIC
10.4.5.1 Rising preference of young consumers for convenient eating and an increase in the number of working women
TABLE 121 REST OF ASIA PACIFIC: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2016-2019 (USD MILLION)
TABLE 122 REST OF ASIA PACIFIC: MARKET SIZE FOR FROZEN FOOD BY PRODUCT, 2020-2025 (USD MILLION)
10.5 SOUTH AMERICA
TABLE 123 SOUTH AMERICA: FROZEN FOOD MARKET SIZE, BY COUNTRY, 2016-2019 (USD MILLION)
TABLE 124 SOUTH AMERICA: MARKET SIZE FOR FROZEN FOOD, BY COUNTRY, 2020-2025 (USD MILLION)
TABLE 125 SOUTH AMERICA: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2016-2019 (USD MILLION)
TABLE 126 SOUTH AMERICA: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2020-2025 (USD MILLION)
TABLE 127 SOUTH AMERICA: FROZEN FOOD MARKET SIZE, BY TYPE, 2016-2019 (USD MILLION)
TABLE 128 SOUTH AMERICA: MARKET SIZE FOR FROZEN FOOD, BY TYPE, 2020-2025 (USD MILLION)
TABLE 129 SOUTH AMERICA: MARKET SIZE FOR FROZEN FOOD, BY CONSUMPTION, 2016-2019 (USD MILLION)
TABLE 130 SOUTH AMERICA: MARKET SIZE FOR FROZEN FOOD, BY CONSUMPTION, 2020-2025 (USD MILLION)
TABLE 131 SOUTH AMERICA: MARKET SIZE FOR FROZEN FOOD, BY DISTRIBUTION CHANNEL, 2016-2019 (USD MILLION)
TABLE 132 SOUTH AMERICA: MARKET SIZE FOR FROZEN FOOD, BY DISTRIBUTION CHANNEL, 2020-2025 (USD MILLION)
10.5.1 BRAZIL
10.5.1.1 Rising industrialization and increasing purchasing power of consumers boost the growth of the market
TABLE 133 BRAZIL: FROZEN FOOD MARKET SIZE, BY PRODUCT, 2016-2019 (USD MILLION)
TABLE 134 BRAZIL: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2020-2025 (USD MILLION)
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
TABLE 135 REST OF SOUTH AMERICA: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2016-2019 (USD MILLION)
TABLE 136 REST OF SOUTH AMERICA: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2020-2025 (USD MILLION)
10.6 MIDDLE EAST & AFRICA
10.6.1 SHORTAGE OF FRESH MEAT DUE TO RISING CONSUMPTION
TABLE 137 MIDDLE EAST & AFRICA: FROZEN FOOD MARKET SIZE , BY PRODUCT, 2016-2019 (USD MILLION)
TABLE 138 MIDDLE EAST & AFRICA: MARKET SIZE FOR FROZEN FOOD, BY PRODUCT, 2020-2025 (USD MILLION)
TABLE 139 MIDDLE EAST & AFRICA: MARKET SIZE FOR FROZEN FOOD, BY TYPE, 2016-2019 (USD MILLION)
TABLE 140 MIDDLE EAST & AFRICA: MARKET SIZE FOR FROZEN FOOD, BY TYPE, 2020-2025 (USD MILLION)
TABLE 141 MIDDLE EAST & AFRICA: MARKET SIZE FOR FROZEN FOOD, BY CONSUMPTION, 2016-2019 (USD MILLION)
TABLE 142 MIDDLE EAST & AFRICA: MARKET SIZE FOR FROZEN FOOD, BY CONSUMPTION, 2020-2025 (USD MILLION)
TABLE 143 MIDDLE EAST & AFRICA: MARKET SIZE FOR FROZEN FOOD, BY DISTRIBUTION CHANNEL, 2016-2019 (USD MILLION)
TABLE 144 MIDDLE EAST & AFRICA: FROZEN FOOD MARKET SIZE , BY DISTRIBUTION CHANNEL, 2020-2025 (USD MILLION)
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 MARKET EVALUATION FRAMEWORK
FIGURE 37 MARKET EVALUATION FRAMEWORK, 2017-2019
11.3 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS
FIGURE 38 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS, 2015-2019
11.4 COVID-19 SPECIFIC COMPANY RESPONSE
11.4.1 NEW PRODUCT LAUNCHES
TABLE 145 NEW PRODUCT LAUNCHES, 2017-2019
11.4.2 EXPANSIONS
TABLE 146 EXPANSIONS, 2017-2019
11.4.3 ACQUISITIONS
TABLE 147 ACQUISITIONS, 2017-2019
12 COMPANY EVALUATION MATRIX AND PROFILES
12.1 OVERVIEW
12.2 COMPANY EVALUATION MATRIX: DEFINITIONS & METHODOLOGY
12.2.1 STAR
12.2.2 EMERGING LEADERS
12.2.3 PERVASIVE
12.2.4 EMERGING COMPANIES
12.3 COMPANY EVALUATION MATRIX, 2019 (OVERALL MARKET)
FIGURE 39 GLOBAL MARKET COMPANY EVALUATION MATRIX, 2019 (OVERALL MARKET)
12.4 COMPANY PROFILE
(Business overview, Products offered, Recent developments, SWOT analysis & MnM View)*
12.4.1 GENERAL MILLS INC.
FIGURE 40 GENERAL MILLS INC.: COMPANY SNAPSHOT
12.4.2 CONAGRA BRANDS, INC.
FIGURE 41 CONAGRA BRANDS, INC.: COMPANY SNAPSHOT
12.4.3 GRUPO BIMBO S.A.B. DE C.V.
FIGURE 42 GRUPO BIMBO S.A.B. DE C.V.: COMPANY SNAPSHOT
12.4.4 NESTLE SA
FIGURE 43 NESTLE SA: COMPANY SNAPSHOT
12.4.5 UNILEVER
FIGURE 44 UNILEVER: COMPANY SNAPSHOT
12.4.6 KELLOGG COMPANY
FIGURE 45 KELLOGG COMPANY: COMPANY SNAPSHOT
12.4.7 MCCAIN FOODS LIMITED
12.4.8 THE KRAFT HEINZ COMPANY
FIGURE 46 THE KRAFT HEINZ COMPANY: COMPANY SNAPSHOT
12.4.9 ASSOCIATED BRITISH FOODS PLC
FIGURE 47 ASSOCIATED BRITISH FOODS PLC: COMPANY SNAPSHOT
12.4.10 AJINOMOTO
FIGURE 48 AJINOMOTO: COMPANY SNAPSHOT
12.4.11 VANDEMOORTELE NV
FIGURE 49 VANDEMOORTELE NV: COMPANY SNAPSHOT
12.4.12 LANTMANNEN UNIBAKE INTERNATIONAL
FIGURE 50 LANTMANNEN UNIBAKE INTERNATIONAL: COMPANY SNAPSHOT
12.4.13 CARGILL
FIGURE 51 CARGILL: COMPANY SNAPSHOT
12.4.14 EUROPASTRY S.A
12.4.15 JBS
FIGURE 52 JBS: COMPANY SNAPSHOT
12.5 COMPETITIVE LEADERSHIP MAPPING (START-UP/SME)
12.5.1 PROGRESSIVE COMPANIES
12.5.2 STARTING BLOCKS
12.5.3 RESPONSIVE COMPANIES
12.5.4 DYNAMIC COMPANIES
FIGURE 53 FROZEN FOOD MARKET COMPETITIVE LEADERSHIP MAPPING FOR START-UPS/SMES, 2019
12.6 START-UP/SME PROFILES
12.6.1 ARYZTA AG
FIGURE 54 ARYZTA AG: COMPANY SNAPSHOT
12.6.2 SHISHI HE DEMING SEAFOOD CO LTD
12.6.3 SMART PRICE SALES & MARKETING INC.
12.6.4 BUBBA FOODS
12.6.5 KIDFRESH
12.6.6 CHEVON AGROTECH PRIVATE LIMITED
12.6.7 KUPPIES
12.6.8 OOB ORGANIC
12.6.9 M/S INDIA FROZEN FOODS
12.6.10 OMAR INTERNATIONAL PVT LTD
*Details on Business overview, Products offered, Recent developments, SWOT analysis & MnM View might not be captured in case of unlisted companies.
13 ADJACENT AND RELATED MARKET
13.1 INTRODUCTION
13.2 LIMITATIONS
13.3 FRUIT & VEGETABLE PROCESSING MARKET
13.3.1 MARKET DEFINITION
13.3.2 MARKET OVERVIEW
FIGURE 55 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET, 2015-2022 (USD MILLION)
TABLE 148 FRUIT & VEGETABLE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
13.4 FROZEN BAKERY PRODUCTS MARKET
13.4.1 MARKET DEFINITION
13.4.2 MARKET OVERVIEW
FIGURE 56 FROZEN BAKERY PRODUCTS MARKET, 2014-2022 (USD MILLION)
TABLE 149 FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE, 2014-2022 (USD MILLION)
14 APPENDIX
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
14.3 AVAILABLE CUSTOMIZATIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
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 global 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.
Given below is the breakdown of primary respondents:
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 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 matches, 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 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
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)
Growth opportunities and latent adjacency in Frozen Food Market
My company is currently developing new technology for frozen foods. We need some sections of your report before we proceed further. Can you share the individual prices of different sections?
I am interested in the EMEA region of Frozen Food Market. Can you share the approximate price for such concentrated data?
My company is currently developing new technology for the frozen foods market. We need some sections of your report before we proceed further. Can you share the individual prices of different sections at your earliest?