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Global Frozen Food Market 2019 - Industry Analysis, Size, Share, Growth, Trends and Forecast 2025

Global Frozen Food Market
The Global Frozen Food Market was valued around USD 280 billion in 2018 and projected to grow at a CAGR of 5.1% from 2019 to 2025. Demand for frozen food is increasing due to the convenience it provides to increasing number of working individuals and hectic work life schedules is a major growth driving factor for the global market. Further rising population coupled with increasing disposable income levels, especially in the emerging regions like Asia Pacific, is also likely to have a positive impact on the overall product demand.

Key Market Trends
Demand for Nutritious Frozen Desserts among Consumers
Many consumers are increasingly looking for a convenient frozen dessert-based snack, which delivers health benefits, tastes good, and offers a healthy snacking experience. The dairy industry in this sector is able to offer products with minimal processing, and low sugar content (particularly beneficial for diabetic patients) for easy eating experiences that go beyond the traditional three-square meal experience (good and filling meal). Milk-based frozen desserts provide food rich in nutrients, like vitamin D, calcium, potassium, magnesium, and vitamin A. Milk-based snacks also add more calories, protein, and a number of vitamins and minerals. They can, therefore, provide positive nutrition and help reduce nutrition deficiency. The nutrients in dairy-based frozen products include calcium, vitamin D, phosphorus, potassium, and vitamin A. Further, calcium, phosphorus, and protein contained in ice creams, yogurts, etc. drive up the demand for these products among consumers.

Increasing trade of processed food provides an opportunity for growth
Globalization and increasing international trade are the main factors for the development of the food industry, globally. With economic development and increasing PPP, consumers can afford premium products with improved nutritional value and shelf life. Consumers now prefer a variety of food products such as premium and exotic fruits & vegetables. This drives the trade of various food products between regions.

Changes in Consumer Lifestyle and Rapid urbanization leading to growth in Ready-to-eat segment
Improving consumer lifestyle, rapid urbanization, high disposable income, are increasing demand for on the go convenience foods, thereby fuelling the ready-to-eat food market growth. Changing food consumption behavior among consumers, increased willingness to spend on such food and the lack of time to cook at home are a result of the rapid urbanization. Urbanization also helps in increasing the disposable income, which increases the food expenditure of the final consumer. Currently, ready-to-eat food is the largest segment in the overall conventional and non-conventional food industry. This segment is growing at a fast pace as a result of the high consumer acceptance for such food globally. Innovative products in functional ingredients, convenience, and organic foods and advancement in areas of packaging technology are expected provide a future growth opportunity in the sector.

Competitive Landscape
The frozen food market is a highly fragmented market and comprises of regional and international competitors. The market is dominated by players, like Unilever, Nestle SA, General Mills, Tyson Foods Inc., and Conagra Brands Inc. The leading players in the frozen food market enjoy a dominant presence worldwide. These players focus to leverage opportunities posed by emerging markets to expand their product portfolio so that they can cater to the requirements for various product segments, especially frozen desserts. Companies compete on different factors, including product offerings, ingredients, quality, taste, flavors, price, functionality, size, packaging, and marketing activities, in order to gain the competitive advantage in the market.

Scope of the Report

Base Year for Estimation

2018

Forecast Period

2019–2025

Forecast units

Value (USD Million)

Regional Scope

North America, Asia Pacific, Europe, Latin America, and Middle East & Africa

Countries Covered

U.S.A, Canada, Mexico, U.K., Germany, Spain, Italy, France, Russia, China, India, Australia & New Zeeland

Frozen Food Market, By Product

Fruits & Vegetables Dairy Products

Bakery Products

Meat & Seafood Products

Convenience Foods

Ready Meals

Others

 

Raw Material

Half-Cooked

Ready-To-Eat

Frozen Food Market, By Consumption

Food Service

Retail

Frozen Food Market, By Distribution Channel

Offline

Online

Companies covered

Unilever, Nestle SA, Conagra, General Mills, Grupo Bimbo, Bellisio Foods Inc, Wawona Frozen Foods, Jeanie Marshall Foods, McCain Foods, Pinacle Foods, Goya Foods, Heinz Frozen Food Company

Questions addressed in the report
• What are the new trending products & markets that the frozen food companies are exploring?
• Which are the key players in the market and how intense is the competition?
• What are the upcoming growth trends that the frozen food manufacturers are focusing on in the future?
• What are the high growth opportunities in the frozen food market, for each segment?
• What are the key growth strategies adopted by major market players in the frozen food market?

TABLE OF CONTENTS

Introduction
Objectives of the Study
Market Definition
Frozen Food market Covered
Years Considered for the Study
Currency
Stakeholders

Research Methodology
Research Data
Primary Data
Key Data From Primary Sources
Key Industry Insights
Secondary Data
Key Data From Secondary Sources
Market Size Estimation
Market Breakdown and Data Triangulation
Assumptions for the Study

Executive Summary

Market Overview
Introduction
Market Dynamics
Drivers
Opportunities
Emerging Markets
Challenges

Frozen Food Market, By Product
Introduction
Fruits & Vegetables
Dairy Products
Bakery Products
Meat & Seafood Products
Convenience Foods & Ready Meals
Others

Frozen Food Market, By Type
Introduction
Raw Material
Half-Cooked
Ready-To-Eat

Frozen Food Market, By Consumption
Introduction
Food Service
Retail

Frozen Food Market, By Distribution Channel
Introduction
Offline
Online

Frozen Food Market, By Country
U.S.A
Canada
Mexico
U.K.
Germany
Spain
Italy
France
Russia
China
India
Australia & New Zeeland

Competitive Landscape
Market Overview
Market Share Analysis
Competitive Situation and Trends
Product Launches and Approvals
Agreements, Partnerships, and Collaborations
Agreements, Partnerships, and Collaborations, 2018–2019
Mergers and Acquisitions
Expansions

Company Profiles
Unilever
Nestle SA
Conagra
General Mills
Grupo Bimbo
Bellisio Foods Inc
Wawona Frozen Foods
Jeanie Marshall Foods
McCain Foods
Pinnacle Foods
Goya Foods
Heinz Frozen Food Company

LIST OF TABLES
Table 1 Frozen Food Market Size, By Product,2016–2025 (USD Billion)
Table 2 Fruits & Vegetables: Frozen Food Market Size,By Region, 2016–2025 (USD Million)
Table 3 Dairy Products: Frozen Food Market Size, By Region, 2016–2025 (USD Million)
Table 4 Bakery Products: Frozen Food Market Size, By Region, 2016–2025 (USD Million)
Table 5 Meat & Seafood Products: Frozen Food Market Size, By Region, 2016–2025 (USD Million)
Table 6 Convenience Foods & Ready Meals: Frozen Food Market Size, By Region, 2016–2025 (USD Million)
Table 7 Frozen Food Market Size, By Type, 2016–2025 (USD Billion)
Table 8 Raw Material: Frozen Food Market Size, By Region, 2016–2025 (USD Million)
Table 9 Half-Cooked: Frozen Food Market Size, By Region, 2016–2025 (USD Million)
Table 10 Ready-To-Eat: Frozen Food Market Size, By Region,2016–2025 (USD Million)
Table 11 Frozen Food Market Size, By Consumption, 2016–2025 (USD Billion)
Table 12 Food Service: Frozen Food Market Size, By Region, 2016–2025 (USD Million)
Table 13 Retail: Frozen Food Market Size, By Region, 2016–2025 (USD Million)
Table 14 Frozen Food Market Size, By Distribution Channel,2016–2025 (USD Billion)
Table 15 Offline: Frozen Food Market Size, By Region, 2016–2025 (USD Million)
Table 16 Online: Frozen Food Market Size, By Region, 2016–2025 (USD Million)
Table 17 Frozen Food Market Size, By Region, 2016–2025 (USD Billion)


LIST OF FIGURES
Figure 1 Frozen Food Market Segmentation
Figure 2 Frozen Food Market: Regional Scope
Figure 3 Frozen Food Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation
Figure 8 Frozen Food Market Share, By Product, 2018 vs. 2025
Figure 9 Frozen Food Market Size, By Consumption, 2018 vs. 2025 (USD Billion)
Figure 10 Frozen Food Market Size, By Type,2018 vs. 2025 (USD Billion)
Figure 11 Frozen Food Market Size, By Distribution Channel, 2018 vs. 2025 (USD Billion)
Figure 12 Europe Dominated the Frozen Food Market in 2017
Figure 13 Frozen Food Market Size, By Product, 2018 vs. 2025 (USD Billion)
Figure 14 Frozen Food Market Size, By Consumption, 2018 vs. 2025 (USD Billion)
Figure 15 Europe to Lead the Frozen Food Market By 2025 (USD Billion)

Unilever
Nestle SA
Conagra
General Mills
Grupo Bimbo
Bellisio Foods Inc
Wawona Frozen Foods
Jeanie Marshall Foods
McCain Foods
Pinacle Foods
Goya Foods
Heinz Frozen Food Company
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