The global frozen food market Outlook was USD 261.9 Billion in 2024 and is projected to reach USD 360 Billion by 2033, growing at a CAGR of 3.59% during 2025-2033. Key growth drivers include rising consumer focus on health, expanding retail and e-commerce channels, technological advancements in logistics and preservation, and increasing demand for convenience.
Study Assumption Years
- Base Year: 2024
- Historical Years: 2019-2024
- Forecast Period: 2025-2033
Frozen Food Market Key Takeaways
- Current Market Size: USD 261.9 Billion in 2024
- CAGR: 3.59%
- Forecast Period: 2025-2033
- Frozen meat products represent the largest segment, driven by demand for items like nuggets, sausages, and meatballs owing to quality and convenience.
- The rising working population and shift towards easy-to-prepare frozen foods support market growth.
- Consumer preferences are shifting towards nutritious and healthier frozen items such as low-sodium and low-calorie products.
- Europe is the largest regional market due to changing lifestyles and retail infrastructure growth.
- Advancements in freezing technologies like flash freezing are helping preserve food quality and reducing waste.
- The increasing popularity of eco-friendly packaging and ethically sourced plant-based frozen foods is creating new market opportunities.
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Market Growth Factors
The increase in the working population is the major factor driving the frozen food market. Easy to cook, ready to cook food products are mostly consumed by the working population. Experts expect that the urban population will rise up from 56% to 68% by 2050. This spurs growth in the frozen snacks, ready meals and frozen vegetables segments, a trend preferred by people with busy lifestyles because they require little time to prepare and meet dietary needs.
Aware consumers of frozen food's long shelf life and companies that innovate freezing technology and create sustainable packaging solutions could grow the market. Sustainable frozen food packaging includes clean-label paper-based and plant-based compostable wraps from Nomad Foods and Nature Fresh Farms of distinction. People demanding sustainable packaging solutions and those actions that reduce plastic waste are key factors that support market growth.
Modern freezing methods like flash freezing retain color texture and nutrition better than older methods. For example, SPATULA Foods Inc. flash-freezes meals which are 90% cooked in order to lock in flavor and nutrients without preservatives. This is also supported with smart packaging, such as QR codes and RFID or IoT sensors to monitor cold supply chains and product quality internationally.
Market Segmentation
Product Type:
- Frozen Vegetable Snacks
- Frozen Meat Products
- Frozen Vegetables and Fruits
Frozen Vegetable Snacks Type:
- French Fries
- Bites, Wedges and Smileys
- Aloo Tikki
- Nuggets
- Others
Frozen Meat Products Type:
- Chicken
- Fish
- Pork
- Mutton
- Others
Frozen Vegetables Type:
- Green Peas
- Corn
- Mixed Vegetables
- Carrot
- Cauliflower
- Others
Frozen Fruits Type:
- Strawberries
- Berries (Raspberries, Blueberries, Blackberries)
- Cherries
- Others
Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Regional Insights
Europe, the largest frozen foods market, is anticipated to witness growth on account of changing lifestyle, increasing demand for convenient quality frozen foods, improved manufacturing processes, accompanied by established retailer environment. The market is expected to raise the bar of innovation in plant-based and frozen seafood products. According to Eurobarometer Poll 2021, 64% of Europeans eat fish regularly, and prefer frozen fish over fresh fish or canned fish.
Recent Developments News
- April 2023: Nestle partnered with private equity firm PAI Partners to establish a joint venture for the Nestle frozen pizza business in Europe.
- July 2023: Conagra Brands, Inc. launched over 50 new products across grocery, frozen, and snacks categories, expanding their frozen meal portfolio.
- March 2024: Thai Union Group initiated a program aimed at significantly reducing greenhouse gas emissions in the shrimp supply chain.
Key Players
- Ajinomoto Co. Inc.
- Aryzta A.G.
- Associated British Foods plc
- Bellisio Foods Inc. (Charoen Pokphand Foods)
- Cargill Incorporated
- Conagra Brands Inc.
- General Mills Inc.
- The Kraft Heinz Company
- JBS S.A.
- Jeanie Marshal Foods Ltd
- Kellogg Company
- McCain Foods Limited
- Nestlé S.A.
- Wawona Frozen Foods
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