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Global Frozen Food Market By Product (Dairy Products, Bakery Products, Others), By Distribution Channel (Offline and Online), By Type (Raw Material, Half-Cooked, Others), By End-Users, By Region, Forecast & Opportunities to 2026

The global frozen food market accounted for a value of USD 237.3 billion in 2019. and is projected to register growth at a CAGR of 3.8% during forecast period.

COVID-19 has impacted the frozen food market significantly. The population across the globe is avoiding eating anything from outside due to fear of corona virus transmission. The frozen food products have seen decline n demand across various regions. The production of items was halted for few months. The supply of raw material and finished products was also become difficult due to movement restrictions. Thus, frozen food market is likely to observe decline in market share during forecast period to virus outbreak.

Definition:

Frozen food can be defined as preserved food for a particular time. Frozen items are being prepared by freezing process which inhibits the growth of bacteria on food items. Freezing of food items slows down decomposition of food by turning residual moisture into ice.

Market Dynamics (Drivers/Opportunities):

The demand for the frozen food in developing and developed economics as the lifestyle of people is changing. The working class population is increasing and the popularity for quick-served food is growing rapidly. This is the major factors to drive growth in frozen food market during the forecast period.

The people are shifting towards convenience food due their busy and hectic lifestyle which increases demand for frozen food around the major economies of the world. Frozen food requires less effort and time which is very helpful for service class people. This drives growth in frozen food market during forecast period.

Market Insights, by Product

On the basis of product, the frozen food market is segmented into fruits & vegetables, dairy products, bakery products, meat & seafood products, convenient food & ready meals and others. The convenient food and ready meals segment is estimated to lead the frozen food market during forecast period. The lifestyle of people is changing around the world and people are shifting towards convenient food as it is easy to prepare and take less time preparation. This food has high nutritional value and people are adopting convenient food and ready meals which increases its adoption. This drives growth in convenient food and ready meals segment during forecast period.

Market Insights, by Distribution Channel

On the basis of distribution channel, the frozen food market is segmented into offline and online. The offline segment is estimated to hold largest market share during forecast period. The offline segment helps in improving sales of frozen food. The convenience stores and hypermarkets operating in various places including remote locations helps in selling frozen food at various location which increases demand and expands market geographically for frozen food. This drives growth in offline distribution channel during forecast period.

Market Insights, by End-Users

On the basis of end-users, the frozen food market is segmented into food service and retail. The food service segment accounted for a largest share of 53.9% in 2019 and it is estimated continues its dominance during forecast period. The food service industry is the largest consumer of frozen food as it includes fast food restaurants, hotel chains and caterers. The popularity of frozen food is increasing in this industry as it can be stored for longer period of time. This food require less time to cook which is why it is adopted by fast food and quick service restaurant. The internet is also contributing in growth of frozen food as many various food chains are shifting online to enhance customers food ordering, these chains prefers frozen food. This drives growth in food service segment during forecast period.

Regional Insights

Europe accounted for largest market share of 35.0% in 2019.  The demand for frozen food is very high in this region. The busy and hectic lifestyle of people increases demand for convenient food and ready to eat food.

However, Asia-Pacific region is estimated to be fastest growing region and is likely to grow at a CAGR of 3.9% during forecast period. The population of this region is largest and the trend for ready-to-eat food is increasing in this region. The working-class population and college grades are increasing which largely adopts frozen food. Countries like China, India and Japan hold maximum market share in this region. The rise in income level and busy lifestyle of people are the major growth drivers in this region. Thus, drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in frozen food industry are Omar International, Chevon Agrotech Pvt Ltd., Smart Price Sales marketing, Shishi He Deming, Bubba Foods, General Mills Inc, Conagra Brands, Grupo Bimbo S.A.B. De C.V., Nestle SA, Unilever, Kellogg Company, McCain Foods Ltd., Kraft Heinz Company, Associated british Foods, Ajinomoto, Vandemoortele NV, Lantmannen Unibake, Cagill, Europastry S.A., JBS, Kidfresh, Aryzta, Kuppies and OOB Organics.

Segments Covered in the Report

This report forecasts The Global Frozen Foods Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global frozen food market report on the basis of type, distribution channel, product and end-users.

Frozen Food Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Distribution Channels
    • Quantitative Research
      • Primary & Secondary Distribution Channels
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Frozen Food Market, By Distribution Channel, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Offline
  • Online
  1. Frozen Food Market, By Product Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Fruits & Vegetables
  • Dairy Products
  • Bakery Products
  • Meat & Seafood Products
  • Convenient Food & Ready Meals
  • Others
  1. Frozen Food Market, By Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Raw Food
  • Ready-to-Eat
  • Half Cooked
  1. Frozen Food Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Food Service
  • Retail
  1. Frozen Food Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Distribution Channel
    • By Product Type
    • By Type
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Distribution Channel
      • By Product Type
      • By Type
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Distribution Channel
        • By Product Type
        • By Type
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Distribution Channel
          • By Product Type
          • By Type
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Distribution Channel
            • By Product Type
            • By Type
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • OOB Organics
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Omar International
    • Chevon Agrotech Pvt Ltd.
    • Smart Price Sales Marketing
    • Shishi He Deming
    • Bubba Foods
    • General Mills Inc
    • Conagra Brands
    • Grupo Bimbo S.A.B. De C.V.
    • Nestle SA
    • Unilever
    • Kellogg Company
    • McCain Foods Ltd.
    • Kraft Heinz Company
    • Associated british Foods
    • Ajinomoto
    • Vandemoortele NV
    • Lantmannen Unibake
    • Cagill
    • Europastry S.A.
    • JBS
    • Kidfresh
    • Aryzta
    • Kuppies
  2. Appendix
    • Interrelated Market

 

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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