Learn about the global frozen food market through The Business Research Company, which provides information on frozen food market size, frozen food market drivers and restraints, frozen food market players, the COVID-19 impact on the frozen food market, and more.

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The global frozen food market is expected to grow from $167.34 billion in 2020 to $174.4 billion in 2021 at a compound annual growth rate (CAGR) of 4.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $224.2 billion in 2025 at a CAGR of 6%

Stable economic growth is expected to increase investments in the end user markets, thereby driving the market during forecast period.

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The frozen food market consists of sales of frozen food by entities (organizations, sole traders and partnerships) that produce frozen food including frozen fruits, juices, vegetables, and frozen specialty foods. This market does not cover meat products. The companies in the frozen food industry package and distribute their products through various distribution channels to both individual customers and commercial establishments.

Global frozen food market segments include:

By Type: Frozen Fruit, Juice, And Vegetable, Frozen Specialty Food

By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others

Subsegments Covered: Frozen Fruit, Frozen Juice, Frozen Vegetables, Frozen Meals, Other Frozen Specialties

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global frozen food market, accounting for 40% of the market in 2020.

Frozen food manufacturers are using technologies such as individual quick freezing (IQF) to improve yield and quality of frozen foods. The IQF method involves transferring the individual food items on a conveyor belt into a blast freezer that quickly freezes the items. With IQF method, every individual piece of food is frozen separately, as opposed to bulk or block freezing. This method boosts yield by 1.5-3% and results in better quality products with high nutritional value and less wastage.

TBRC’s frozen food market report covers:

Major Market Players: Tyson Foods, Nestle, Conagra Brands, Kraft Heinz Company, General Mills Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Frozen Food Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides frozen food market overviews, analyzes and forecasts market size, share, frozen food market players, frozen food market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s frozen food market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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