Frozen Processed Food Market

Global Frozen Processed Food Market Size (2024 to 2032)

The Global Frozen Processed Food Market is expected to be valued at 231.49 billion USD in 2024 and is relied upon to achieve USD 286.48 billion by 2032 to grow at a 2.7% 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.

Current Scenario of the Global Frozen Processed Food Market  

Frozen processed foods are food products that have undergone various processing techniques like blanching, freezing, and packaging, extending their shelf-life by maintaining the nutritional value of the food. The global market revenue of frozen processed food is expected to account for a significant market share from the past years. It is estimated to have prominent growth in the coming years. The busy lifestyle coupled with changing preferences among consumers towards ready-to-cook meals due to conveniences and hygiene is anticipated to be the main driving factor for the expansion of the global market. 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 microbial development, leading to food waste. 

MARKET DRIVERS 

Adopting people's busy lifestyles enhances the adoption of frozen and convenient foods, driving the growth of global markets. The growing demand for ready-to-eat and cooked food products worldwide among consumers as it saves time in food preparation and changes food patterns of the people are contributing to the global market expansion. The rapid growth in demand for packaged food, where consumers prefer clean-label products, is expected to impact the global market positively. The presence of vast distribution networks for the food and beverages industry worldwide, particularly across developed regions like the U.S, Canada, the U.K., and others, where consumers seek convenient, nutritional, and frozen food, boosting the adoption of frozen processed food products. In addition, the benefits of frozen food, like improved texture, longer shelf-life, and freezing of nutritional components, will augment the growth opportunities in the coming years. Emerging nations like China and India will result in tremendous opportunities for market expansion. The standard of living in these countries has increased quite a lot in the last decade; the urbanization and changing lifestyle patterns, growing health consciousness, and the presence of a high nonvegetarian population are all estimated to increase the demand for frozen meat and seafood, which leads to expansion of the market size. The rising disposable incomes of the people and the expanding trade of processed foods will provide significant growth opportunities for the frozen processed food market. The primary benefit of frozen processed food is the availability of the food in any season, irrespective of the seasonal availability, which fuels the global market revenue due to broader adoption. The rising innovations by the manufacturers to develop clean-label and nutrition-beneficial frozen food and the introduction of innovative processing methods escalate global market revenue.  

MARKET RESTRAINTS 

The rising preference for natural, organic, and fresh food products is restraining the global frozen processed food market. The increase in consumer health consciousness encourages them to avoid preserved or frozen food due to the health effects of processed foods hampering the market growth. This is a rising challenge for market players to convince consumers of the health benefits of frozen food over fresh food alternatives. The rising trend of farm-to-table, where the farmers market fresh food products that are locally grown, is gaining traction among consumers, hindering the frozen processed food market growth. Limited cold chain infrastructure in developing countries and underdeveloped areas due to economic instability across the regions is estimated to restrict global market expansion opportunities. The high costs associated with the initial establishment and maintenance of cold chain infrastructure impede the global market expansion.  

REPORT COVERAGE

SEGMENTAL ANALYSIS

Frozen Processed Food Market Analysis By Product

The meat and seafood segment dominates the global market revenue with significant share growth due to vast consumption worldwide. The extended shelf-life and high nutrition content of frozen non-veg products are gaining traction among consumers, leading to segment growth.  

The convenience and ready meals segments are expected to grow prominently in the frozen processed food market in the coming years. This is due to the evolving and busy lifestyles of individuals worldwide, which have increased the consumption of frozen food globally. Consumers are seeking convenience foods that limit the food preparation time, and the other properties of convenience foods, like ease of packaging, nutritional value, varieties, and safety, are attracting consumers and boosting segment growth.  

Frozen Processed Food Market Analysis By Type

The Half-cooked segment held the largest market share in global market revenue. Half-cooked food improves the texture of products, allowing vegetables to retain crispness, proteins to remain tender, and grains to avoid the risk of becoming mushy, augmenting the segment's growth.  

The Ready-to-Eat segment is projected to grow at the fastest CAGR and lead the market in the coming years. Factors such as altering lifestyles and the growing working women population drive the adoption of ready-to-eat frozen foods, propelling the market worldwide. 

Frozen Processed Food Market Analysis By Distribution Type 

The supermarkets/hypermarkets segment dominated the global frozen processed food market revenue with a significant share of 38.4% in 2024. The primary factor driving the segment growth is the ability to offer consumers various products in one place. Most consumers prefer to shop for most of their grocery needs in a single place, which the supermarkets and hypermarkets are fulfilling due to their expanded store housing where meat to dairy and all frozen foods are available. Supermarkets and hypermarkets offer competitive product pricing due to their high-volume outlets, where the pricing fuels the expansion of the segment growth.  

Online retailing is expected to witness prominent growth during the forecast period due to the rising adoption of digital platforms and the expanding influence of social media on consumers.  

REGIONAL ANALYSIS

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 THE GLOBAL FROZEN PROCESSED FOOD MARKET

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.

RECENT HAPPENINGS IN THE MARKET

• With the chilled beef import allowance from Australia, The Chinese Government has had a positive effect on top-end food services and retail consumers. Food chains such as Pizza Hut, McDonald's and Burger King are involved in the maintenance of an inventory in frozen media that helps to cater for quick food demand and ensure the same accessibility for more extended periods.
• MorningStar Farms, the manufacturer of American No.1 veggie burger 1, announced that it would introduce a fresh addition to its strong plant-based portfolio, with the introduction of Incogneato by MorningStar Farms. This new next-generation product line includes the company's first ready-to-cook plant-based burger to be presented in the defrosted meat cabinet and frozen, fully-prepared plant-based Chicken tenders and nuggets, with the help of lending hand by the industry giant, "Kellog's".

DETAILED SEGMENTATION OF GLOBAL FROZEN PROCESSED FOOD MARKET INCLUDED IN THIS REPORT    

This research report on the global Frozen Processed Food Market has been segmented and sub-segmented based on By Product, Type, Distribution Channel and Region.          

By Product

• Fruits & Vegetables
• Dairy
• Meat & Seafood
• Convenient
• Ready Meals

 By Type

• Half-Cooked
• Raw Material
• Ready-to-eat

By Distribution Type

• Retail
• Supermarket/Hypermarket
• Department Store

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa