Frozen Food Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR41071
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The frozen food market has the potential to grow by USD 94.99 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 6.77%.

This frozen food market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (frozen ready meals, frozen meat and poultry, frozen fish and seafood, frozen fruits and vegetables, and others) and geography (Europe, North America, APAC, South America, and MEA). The frozen food market report also offers information on several market vendors, including Ajinomoto Co. Inc., BONDUELLE SA, Conagra Brands Inc., Dr August Oetker KG, George Weston Ltd., Kerry Group Plc, McCain Foods Ltd., Nestle SA, Nomad Foods Ltd., and Tyson Foods Inc. among others.

What will the Frozen Food Market Size be in 2021?

Frozen-Food-Market-Market-Size-2020-2025

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Frozen Food Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growing consumer inclination toward vegan frozen food is notably driving the frozen food market growth, although factors such as the frequent number of product recalls may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the frozen food market industry get your FREE report sample now.

  • The growing consumer inclination toward vegan frozen food is one of the key factors driving the growth of the frozen food market size.
  • With rising awareness about the health benefits of vegan food, the demand for plant-based dairy alternatives and food products has increased. In addition, the demand for meat alternatives in countries such as the UK and the US has increased.
  • This is encouraging vendors to innovate frozen vegan products to provide healthy alternatives such as tofu and wheat-based protein products.
  • Companies are launching new products, including frozen food items such as vegan frozen burgers, fillets, and vegetable balls.
  • To achieve a competitive edge in this global market, companies are focusing on adopting various strategies and technological innovations which is one of the key frozen food market trends influencing the growth of the market during the forecast period.
  • Vendors have started launching products in resealable pouch packaging and are using multi-use recyclable carton packages to avoid the loss of nutrients in frozen foods. It has helped in minimizing the use of harmful plastic packaging.
  • The adoption of quick frozen (IQF) technology that helps produce superior food products and providing products in heat-and-eat containers that allow consumers to cook their products in a short period are some of the other strategies adopted by companies. 

This frozen food market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Frozen Food Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Ajinomoto Co. Inc.
  • BONDUELLE SA
  • Conagra Brands Inc.
  • Dr August Oetker KG
  • George Weston Ltd.
  • Kerry Group Plc
  • McCain Foods Ltd.
  • Nestle SA
  • Nomad Foods Ltd.
  • Tyson Foods Inc.

 

The frozen food market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the frozen food market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Frozen Food Market?

Frozen-Food-Market-Market-Share-by-Region-2020-2025

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46% of the market’s growth will originate from North America during the forecast period. The US is a key market for frozen foods in North America. Market growth in North America will be faster than the growth of the market in other regions.

The increasing number of consolidations through M&As and the growing innovative marketing campaigns by vendors will facilitate the frozen food market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Frozen Food Market?

Frozen-Food-Market-Market-Share-by-Product-2020-2025

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The frozen food market share growth by the frozen ready meals segment will be significant during the forecast period. The increasing availability of nutrient-rich varieties of frozen ready meals and the rise in consumer shift toward healthy food options are contributing to the frozen food market share growth by the frozen ready meals segment.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the frozen food market size.

 

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What are the Key Factors Covered in this Frozen Food Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive frozen food market growth during the next five years
  • Precise estimation of the frozen food market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the frozen food industry across Europe, North America, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of frozen food market vendors

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Frozen Food Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 6.77%

Market growth 2021-2025

$ 94.99 billion

Market structure

Fragmented

YoY growth (%)

7.56

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

North America at 46%

Key consumer countries

US, Germany, UK, Japan, and China

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Ajinomoto Co. Inc., BONDUELLE SA, Conagra Brands Inc., Dr August Oetker KG, George Weston Ltd., Kerry Group Plc, McCain Foods Ltd., Nestle SA, Nomad Foods Ltd., and Tyson Foods Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The frozen food market growth will increase by $170.00 billion during 2019-2024.
The frozen food market is expected to grow at a CAGR of 11.08% during 2019-2024.
Technavio has segmented the frozen food market by product (Frozen ready meals, Frozen meat and poultry, Frozen fish and seafood, Frozen fruits and vegetables, and Others) and geographic (Europe, North America, APAC, South America, and MEA).
Ajinomoto Co. Inc., Bonduelle SCA, Conagra Brands Inc., Dr. August Oetker Nahrungsmittel KG, George Weston Ltd., Kerry Group Plc, McCain Foods Ltd., Nestlé SA, Nomad Foods Ltd., Tyson Foods Inc. are a few of the key vendors in the frozen food market.
North America will register the highest growth rate of 41.97% among the other regions. Therefore, the frozen food market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the frozen food market growth are:
  • Expansion of retail stores offering frozen food
  • Technological innovations
The frozen food market vendors should focus on grabbing business opportunities from the frozen ready meals segment as it accounted for the largest market share in the base year.
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