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The frozen food market size has grown strongly in recent years. It will grow from $226.16 billion in 2023 to $240.88 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%.  The growth in the historic period can be attributed to globalization and cross-cultural influences, brand loyalty and marketing campaigns, convenience and time-saving appeal, changing consumer lifestyles, innovations in product varieties. The frozen food market size is expected to see strong growth in the next few years. It will grow to $303.68 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%.  The growth in the forecast period can be attributed to sustainability practices, focus on ethnic and regional flavors, clean label and transparency, government initiatives for healthy eating, demand for frozen snacks and appetizers. Major trends in the forecast period include sustainable packaging, gourmet and premium frozen options, advancements in freezing technologies, innovations in processing, digital marketing, customization and personalization.

The frozen food manufacturing market’s trajectory is closely tied to the anticipated stable economic growth in numerous developed and developing countries. According to the International Monetary Fund (IMF), global GDP growth reached 3.3% in 2020 and 3.4% in 2021. A forecast of continuing stable growth in both developed and emerging markets, coupled with recovering commodity prices, is expected to bolster the market. This economic stability is likely to lead to increased investments in end-user markets, providing a driving force for the frozen food manufacturing market throughout the forecast period. The market sizes reflect this optimism, with stable economic growth supporting the frozen food manufacturing market’s expansion in 2023, anticipated growth in 2024, and sustained development in 2028.

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What Are The Key Trends That Influence Frozen Food Market Share Analysis?

Frozen food manufacturers are utilizing individual quick freezing (IQF) technologies to improve the yield and quality of frozen foods. The IQF method involves placing individual food items on a conveyor belt into a blast freezer for rapid freezing. This technique freezes each item separately, rather than in bulk, resulting in a yield increase of 1.5–3% and higher-quality products with better nutritional value and reduced wastage. IQF technology is used for a variety of foods, including fruits like blueberries and vegetables such as corn. The global IQF vegetable market is projected to reach $2 billion by 2026, indicating strong future demand.

Which Market Players Are Driving Growth In The Frozen Food Market?

Major companies operating in the frozen food market report are Nippon Suisan Kaisha Ltd., Frosta Aktiengesellschaft, Nestle S.A., Unilever PLC, Tyson Foods Inc., The Kraft Heinz Company, Kraft Heinz Co., General Mills Inc., Alfa SA.B. de C.V., Kellogg’s Company, Conagra Brands Inc., McCain Foods Limited, Ajinomoto Co. Inc., BRF S.A., J. R. Simplot Company, Patterson Frozen Foods Inc., On-Cor Frozen Foods Inc., Paris Foods Corp., Lamb Weston Holdings Inc., Rich Products Corporation, Nomad Foods Ltd., J&J Snack Foods Corp., Schwan’s Company, Wawona Frozen Foods Inc., Breyers, Bellisio Foods Inc., Oregon Ice Cream Co. LLC, Peak Foods Llc, Nulaid Foods Inc., OLD FASHIONED KITCHEN INC., Italia Foods Inc., Jacmar DDC LLC, ORC Foods Inc., Panhandle Foods Sales Inc., Amy’s Kitchen Inc., Goya Foods Inc.

How Is The Global Frozen Food Market Segmented?

The frozen food market covered in this report is segmented –

1) By Type: Frozen Fruit, Juice, And Vegetable, Frozen Specialty Food
2) By User: Food Service Industry, Retail Users
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels

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

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The Frozen Food Global Market Report 2024 provides an overview of the frozen foodmarket 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 and their market positions.

The Table Of Content For The Frozen Food Market Include

1. Frozen Food Market Executive Summary
2. Frozen Food Market Segments
3. Frozen Food Market Size And Template Market Growth Rate
4.  Key Frozen Food Market Trends
5. Major Frozen Food Market Drivers
……
25. Key Mergers And Acquisitions In The Frozen Food Market
26. Top Frozen Food Companies
27. Frozen Food Market Opportunities And Strategies
28. Frozen Food Market, Conclusions And Recommendations
29. Appendix

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