News

The global frozen food market size is expected to reach USD 380 billion by 2027, expanding at a CAGR of 3.3% from 2020 to 2027.

The global frozen food market size was valued at USD 291 billion in 2019. Growing importance of Ready-to-Eat (RTE) food products as a result of hectic lifestyles among working-class individuals on a global level are expected to expand the industry size over the next few years. Moreover, increasing spending on shelf-stable foods among consumers is anticipated to expand the market for frozen food in the near future.

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The frozen ready meals segment accounted for more than 30.1% of revenue share in 2019 in the frozen food market. The segment is expected to maintain its dominance over the forecast period on account of pre-dominant consumption of ready meals among working-class people around the globe. Furthermore, the frozen meat segment is expected to remain one of the largest segments on account of new product launches including on the go snack options by Conagra and Nestle. Moreover, easy access of such products in brick and mortar stores on a global level is expected to keep the momentum of the segment over the next few years.

Key players :

The key players profiled in this report include Aryzta A.G., Ajinomoto Co. Inc., Cargill Incorporated, General Mills Inc., JBS S.A., Kellogg Company, the Kraft Heinz Company, Nestle S.A., ConAgra Brands, Inc., and Associated British Foods Plc..

Market Segmentation

Product Outlook

• • Fruits & Vegetables
  • Potatoes
  • Ready Meals
  • Meat
  • Fish/Seafood
  • Soup
  • Others

Regional Outlook

• • North America
    • The U.S.
  • Europe
    • The U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • Central & South America
  • Middle East & Africa

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