frozen food market
Food And Beverages

Global Frozen Food Market Size, Drivers, Trends, Opportunities And Strategies – Includes Frozen Food Market Report

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032


The forecasted stable economic growth in many developed and developing countries will drive innovation in frozen food manufacturing, driving the market during the forecast period.


The global frozen food market is expected to grow from $227.01 billion in 2022 to $244.67 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The frozen food market is expected to grow to $317.34 billion in 2027 at a CAGR of 6.7%.


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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, Other Distribution Channels
  • By User: Food Service Industry, Retail Users
  • 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 is the largest region in the global frozen food market in 2021.


Major Market Players in the frozen food market include Nestle S.A., Conagra Brands Inc., McCain Foods Limited, Tyson Foods Inc., Lamb Weston Holdings Inc., Nomad Foods Ltd., Nippon Suisan Kaisha Ltd.


Individual quick freezing (IQF) is a technology used by frozen food manufacturers to increase yield and quality of frozen foods. The IQF method entails moving individual food items on a conveyor belt into a blast freezer, which quickly freezes the items. Unlike bulk or block freezing, the IQF method freezes each individual piece of food separately. This method increases yield by 1.5-3% while producing higher-quality products with higher nutritional value and less waste. IQF foods include fruits like blueberries, strawberries, and peaches, as well as vegetables like corn, peas, and green beans. The global IQF vegetable market is expected to reach $2 billion by 2026, indicating strong demand for IQF food products in the future.


The Frozen Food Global Market Report 2023  provides a frozen food market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The frozen food market forecast analyzes frozen food market size, frozen food market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.


Frozen foods are foods that have been frozen and stored in a freezer at the required temperature prior to cooking.


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