Frozen Processed Food Market valued at 231.49 billion USD in 2024 and is relied upon to achieve USD 264.47 billion by 2029 to grow at a 2.70% CAGR.
Due to the busy lifestyle coupled with changing preferences among consumers towards ready-to-cook meals due to conveniences and hygiene is anticipated to remain a main driving factor for the overall industry. Compared to the fresh ones, these products contain maximum vitamins and minerals because freezing preserves the products for prolonged periods without any preservatives and deters any microbial growth that causes food spoilage. Frozen Processed Foods are prepared from fresh food items by cleaning, grouping, and freezing them in closed containers. These are frozen to a specific temperature to ensure the preservation of the products. Compared to fresh foods, frozen food products are made up of peak vitamins. This is due to the freezing that maintains the products for an extended period without any preservatives and prevents any microbial development that creates food waste.
Frozen processed food items are perceived as healthy as natural food item among consumers across the world, more consumers are gradually shifting towards the consumption of frozen processed food in order to maintain a healthier lifestyle is one of the major drivers for the frozen processed food market. Moreover, due to the rise in health awareness among the consumers, they are looking to reduce the consumption of ready-to-eat food items, and are shifting towards the consumption of frozen processed food as they are seen as a healthier alternative. Furthermore, the vast product range of frozen processed food products due to product innovation is commenced by the manufacturers operating in the global frozen processed food market is another factor driving the market. In addition, due to the busy lifestyle of the consumers in the developing regions including Asia Pacific and Middle East, they are looking for the consumption of food items that would address their health requirements and are convenient at the same time. This factor is also fueling the demand for the global processed food market.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
CAGR |
2.7% |
Segments Covered |
By Product, Type, Distribution Channel and Region. |
Various Analyses Covered |
Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
ConAgra Foods, Inc, Nestle S.A., Tyson Foods Inc, Unilever plc, BRF S.A, General Mills Inc, Ajinomoto Co. Inc, Unilever Plc, Allens, Inc, Heinz, Amy’s Kitchen Inc. |
Out of these, the convenient and ready meals segment is expected to lead the Frozen Processed Food Market. This is due to the evolving and busy lifestyles of individuals worldwide, which have increased the consumption of frozen food globally. Frozen food export companies have also risen in the latest times owing to the full recognition of these products among customers and the awareness of the brand among developing nations.
Out of these, the Half-cooked segment held the largest market share in 2019. However, the Ready-to-Eat part is growing at the fastest CAGR and is expected to lead the industry by 2024. Factors such as altering lifestyles and growing working women population are driving the development of ready-to-eat frozen food market worldwide.
North America held the largest share in the frozen processed food market followed by the Asia Pacific but is anticipated to dominate the processed food market in the future. Consumer preference towards hygiene-related frozen products coupled with the new trend of online grocery purchase is expected to have a positive impact on the regional growth over the forecast period.
The Asia Pacific is expected to witness significant growth over the coming years due to swift expansion in fast food outlets in countries such as India, Singapore, Indonesia, Malaysia, and China. Growth in the urbanization coupled with a rise in the disposable income are the key factors in these countries, which have augmented consumer’s preference towards fast food. Emerging economies such as South Africa and Brazil are expected to register the high growth regarding the demand for these products. The emergence of supermarkets and online stores is projected to ensure product availability in these countries.
Europe has been dominating the Frozen Processed Food Market with a 35% revenue share. Customer preference for hygiene frozen products is expected to drive the European frozen foods market. Asia Pacific is anticipated to see significant CAGR development of 5.0 percent over the next five years, owing to the rapid growth of fast-food stores in nations such as India, Singapore, Indonesia, Malaysia, and China. Growing urbanization combined with increasing disposable incomes is a critical variable in these nations that have boosted consumer preference for fast food.
The Middle East & Africa is anticipated to see the highest development in the forecast era. Population growth, fast urbanization and increased customer understanding of the advantages of frozen food are primary factors driving demand for frozen food in the region.
Key Players In Frozen Processed Food Market are ConAgra Foods, Inc, Nestle S.A., Tyson Foods Inc, Unilever plc, BRF S.A, General Mills Inc, Ajinomoto Co. Inc, Unilever Plc, Allens, Inc, Heinz, Amy’s Kitchen Inc.
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Frequently Asked Questions
Frozen processed foods are food products that have been processed, packaged, and frozen to extend their shelf life and maintain their quality. These products often undergo various cooking, preserving, and packaging methods before being frozen, allowing consumers to store them for longer periods and conveniently prepare them when needed.
Frozen processed foods encompass a wide range of products, including frozen fruits and vegetables, frozen meals and entrees, frozen pizza, frozen snacks and appetizers, frozen desserts, frozen meat and poultry products, frozen seafood, and frozen bakery items like bread and pastries
Frozen processed foods offer several benefits to consumers, including convenience, longer shelf life, preservation of nutrients and flavors, reduced food waste, and the ability to access seasonal or out-of-season produce year-round. They also provide quick and easy meal solutions for busy lifestyles.
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