Market Summary
Research Methodology on Frozen Processed Food Market
ABSTRACT
This research is aimed at studying the current market trends, market drivers, emerging market opportunities, and competitive landscape of the Frozen Processed Food Market. With the changing lifestyle patterns and preferences, consumers are focusing more on healthier food choices. The food processing industry is thus, foreseeing promising growth in this market. Further, the expansion of the food processing sector is encouraging the launch of new products and consequent is the surge in the demand for frozen processed food.
Introduction
Processed foods have become the need of the hour for the fast-paced life of today. With increasing health awareness and changing lifestyles, the demand for processed food is rising. To meet the situation, the food processing industry has come up with new products that are quick, nutritious and heavy on taste to change the buyers’ perception of processed foods. At the same time, the decrease in global commodity prices is further aiding the market.
At present, the frozen processed food market has a strong footing in both the developed and developing regions. The food processing industry is leveraging the market opportunities with new product launches, namely, ready-made meals and frozen fruits & vegetables among others. Reconstituted meat and ready-made meals are leading the market owing to the changing lifestyle and preferences of consumers.
Objective
This research study assesses the current and future market prospects of the frozen processed food market. The major objective of this research is to study the market dynamics such as growth drivers, challenges and investment opportunities. Also, the study aims to deliver a comprehensive competitive landscape of the frozen processed food market.
Research Methodology
This research study makes use of primary and secondary resources to analyse the current trends and developments in the frozen processed food market. The primary sources consist of field interviews and industry experts’ inputs. The field interviews have been conducted with professional food processing industry executives, who have provided their insights on the market and industry trends.
The secondary resources include published reports, annual reports, and market and industry insights. The secondary resources have been used to collate material for the primary sources to assist in primary interview data gathering. The market figures have been studied using public sources and proprietary databases. Graphical models and diagrams have been used to interpret and explain the market trends.
Market research
The research study makes use of various market research techniques to analyse the target market. Major market research techniques include market segmentation, market dynamics, Porter’s five forces model, planned and unstudied market size estimations, competitive landscape assessment, investment feasibility assessments and market attractiveness assessment.
Market Segmentation
The frozen processed food market is segmented based on product type, category, distribution channel, region and end-user. Based on product type, the market is divided into reconstituted meat, ready-made meals, frozen fruits & vegetables, frozen doughs, fish and vegetable proteins, and others. Among these, reconstituted meat and ready-made meals are the leading segments due to changing lifestyles and preferences.
Based on category, the market is further segmented into organic and conventional. On the basis of distribution channels, the market is bifurcated into modern trade, online channels, store-based outlets, convenience stores, and others.
On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, Latin America and the rest of the world (ROW). North America is leading the market on account of the high demand for organic products and the introduction of new products. Europe is the second leading region owing to the availability of convenient food options and the presence of health-concerned consumers.
On the basis of end users, the frozen processed food market is fragmented into the adult population, toddlers and teenagers, Institutional sales and others. Institutional sales account for a major share of the market owing to the introduction of new products and changing lifestyles.
Data collected
Data for this research was collected from primary sources such as field interviews and secondary sources such as trade and industry publications, and market and industry databases. Further, multiple graphical and tabular models have been used to analyse the emerging trends in the market.
Key Players
A few key participants of the frozen processed food market are Hormel Food Corporation (U.S.), The Kraft Heinz Company (U.S.), Stratagene Corporation (U.S.), Nestle SA (Switzerland), Tyson Food (U.S.), General Mills (U.S.), The Kellogg Company (U.S.), Arctic Foods (U.S.), and Associated British Foods (U.K.), and other prominent players.
Research Analysis
The research analysis of the frozen processed food market includes techniques such as SWOT analysis, market attractiveness analysis and company analysis. The SWOT analysis offers a glimpse of the strengths, weaknesses, opportunities and threats affecting the industry. Market attractiveness analysis provides insight into the key markets that offer the most attractive returns. Company analysis provides a point-by-point comparison of how companies are performing in comparison to one another.
Conclusions
This research study has attempted to present an in-depth understanding of the frozen processed food market in terms of market trends, drivers, competitive landscape, and key players along with the market forecasts for 2023 to 2030. The major conclusion is that the demand for frozen processed food is surging due to the changing lifestyle and preferences of the buyers. New product launches are likely to open more opportunities for the market. Companies are coming up with products to meet the needs of buyers in terms of nutrition, convenience, taste, and quality. The report should serve as a big hand to all the stakeholders in the industry and also to investors looking to enter this market.
Market Size & Forecast
Attribute/Metric | Details |
Market Size 2023 | USD 129.7 billion |
Market Size 2024 | USD 136.9 billion |
Market Size 2032 | USD 200.6 billion |
Compound Annual Growth Rate (CAGR) | 4.89% (2024-2032) |
Base Year | 2023 |
Market Forecast Period | 2024-2032 |
Historical Data | 2018- 2022 |
Market Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, Distribution Channel, and Region |
Geographies Covered | Asia Pacific, North America, Europe, Asia Pacific, and the Rest of the World |
Countries Covered | The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | General Mills, Inc. (U.S.), Conagra Brands, Inc. (U.S.), Nestlé S.A. (Switzerland), Unilever PLC (U.K.), Kellogg Company (U.S.), McCain Foods Limited (Canada), The Kraft Heinz Company (U.S.), Tyson Foods, Inc. (U.S.), Associated British Foods plc (U.K.), Ajinomoto Co., Inc. (Japan), Vandemoortele NV (Belgium), Lantmännen Unibake International (Denmark), Cargill, Incorporated (U.S.), Europastry, S.A. (Spain), JBS S.A. (Brazil), ARYZTA AG (Switzerland), and Nomad Foods Limited (U.K.). |
Key Market Opportunities | Digitalization of the retail industry |
Key Market Dynamics | Increase in convenience food demand and growth in the preference for fresh & natural food products. |
Major Players
Frozen Processed Food Market Segmentation
Frozen Processed Food Type Outlook (USD Billion, 2018-2032)
Frozen ready meals
Frozen seafood & meat product
Frozen snacks & bakery products
Others
Frozen Processed Food Distribution Channel Outlook (USD Billion, 2018-2032)
Supermarkets/ Hypermarkets
Specialty stores
Convenience stores
Online
Weight Loss Products Regional Outlook (USD Billion, 2018-2032)
North America Outlook (USD Billion, 2018-2032)
North America Frozen Processed Food by Type
Frozen ready meals
Frozen seafood & meat products
Frozen snacks & bakery products
others
North America Frozen Processed Food by Distribution Channel
Supermarkets/ Hypermarkets
Specialty stores
Convenience stores
Online
US Outlook (USD Billion, 2018-2032)
US Frozen Processed Food by Type
Frozen ready meals
Frozen seafood & meat products
Frozen snacks & bakery products
others
US Frozen Processed Food by Distribution Channel
Supermarkets/ Hypermarkets
Specialty stores
Convenience stores
Online
CANADA Outlook (USD Billion, 2018-2032)
CANADA Frozen Processed Food by Type
Frozen ready meals
Frozen seafood & meat products
Frozen snacks & bakery products
others
CANADA Frozen Processed Food by Distribution Channel
Supermarkets/ Hypermarkets
Specialty stores
Convenience stores
Online
Europe Outlook (USD Billion, 2018-2032)
Europe Frozen Processed Food by Type
Frozen ready meals
Frozen seafood & meat products
Frozen snacks & bakery products
others
Europe Frozen Processed Food by Distribution Channel
Supermarkets/ Hypermarkets
Specialty stores
Convenience stores
Online
Germany Outlook (USD Billion, 2018-2032)
Germany Frozen Processed Food by Type
Frozen ready meals
Frozen seafood & meat products
Frozen snacks & bakery products
others
Germany Frozen Processed Food by Distribution Channel
Supermarkets/ Hypermarkets
Specialty stores
Convenience stores
Online
France Outlook (USD Billion, 2018-2032)
France Frozen Processed Food by Type
Frozen ready meals
Frozen seafood & meat products
Frozen snacks & bakery products
others
France Frozen Processed Food by Distribution Channel
Supermarkets/ Hypermarkets
Specialty stores
Convenience stores
Online
UK Outlook (USD Billion, 2018-2032)
UK Frozen Processed Food by Type
Frozen ready meals
Frozen seafood & meat products
Frozen snacks & bakery products
others
UK Frozen Processed Food by Distribution Channel
Supermarkets/ Hypermarkets
Specialty stores
Convenience stores
Online
ITALY Outlook (USD Billion, 2018-2032)
ITALY Frozen Processed Food by Type
Frozen ready meals
Frozen seafood & meat products
Frozen snacks & bakery products
others
ITALY Frozen Processed Food by Distribution Channel
Supermarkets/ Hypermarkets
Specialty stores
Convenience stores
Online
SPAIN Outlook (USD Billion, 2018-2032)
Spain Frozen Processed Food by Type
Frozen ready meals
Frozen seafood & meat products
Frozen snacks & bakery products
others
Spain Frozen Processed Food by Distribution Channel
Supermarkets/ Hypermarkets
Specialty stores
Convenience stores
Online
Rest Of Europe Outlook (USD Billion, 2018-2032)
Rest Of Europe Frozen Processed Food by Type
Frozen ready meals
Frozen seafood & meat products
Frozen snacks & bakery products
others
REST OF EUROPE Frozen Processed Food by Distribution Channel
Supermarkets/ Hypermarkets
Specialty stores
Convenience stores
Online
Asia-Pacific Outlook (USD Billion, 2018-2032)
Asia-Pacific Frozen Processed Food by Type
Frozen ready meals
Frozen seafood & meat products
Frozen snacks & bakery products
others
Asia-Pacific Frozen Processed Food by Distribution Channel
Supermarkets/ Hypermarkets
Specialty stores
Convenience stores
Online
China Outlook (USD Billion, 2018-2032)
China Frozen Processed Food by Type
Frozen ready meals
Frozen seafood & meat products
Frozen snacks & bakery products
others
China Frozen Processed Food by Distribution Channel
Supermarkets/ Hypermarkets
Specialty stores
Convenience stores
Online
Japan Outlook (USD Billion, 2018-2032)
Japan Frozen Processed Food by Type
Frozen ready meals
Frozen seafood & meat products
Frozen snacks & bakery products
others
Japan Frozen Processed Food by Distribution Channel
Supermarkets/ Hypermarkets
Specialty stores
Convenience stores
Online
India Outlook (USD Billion, 2018-2032)
India Frozen Processed Food by Type
Frozen ready meals
Frozen seafood & meat products
Frozen snacks & bakery products
others
India Frozen Processed Food by Distribution Channel
Supermarkets/ Hypermarkets
Specialty stores
Convenience stores
Online
Australia Outlook (USD Billion, 2018-2032)
Australia Frozen Processed Food by Type
Frozen ready meals
Frozen seafood & meat products
Frozen snacks & bakery products
others
Australia Frozen Processed Food by Distribution Channel
Supermarkets/ Hypermarkets
Specialty stores
Convenience stores
Online
Rest of Asia-Pacific Outlook (USD Billion, 2018-2032)
Rest of Asia-Pacific Frozen Processed Food by Type
Frozen ready meals
Frozen seafood & meat products
Frozen snacks & bakery products
others
Rest of Asia-Pacific Frozen Processed Food by Distribution Channel
Supermarkets/ Hypermarkets
Specialty stores
Convenience stores
Online
Rest of the World Outlook (USD Billion, 2018-2032)
Rest of the Frozen Processed Food by Type
Frozen ready meals
Frozen seafood & meat products
Frozen snacks & bakery products
others
Rest of the World Frozen Processed Food by Distribution Channel
Supermarkets/ Hypermarkets
Specialty stores
Convenience stores
Online
Middle East Outlook (USD Billion, 2018-2032)
Middle East Frozen Processed Food by Type
Frozen ready meals
Frozen seafood & meat products
Frozen snacks & bakery products
others
Middle East Frozen Processed Food by Distribution Channel
Supermarkets/ Hypermarkets
Specialty stores
Convenience stores
Online
Africa Outlook (USD Billion, 2018-2032)
Africa Frozen Processed Food by Type
Frozen ready meals
Frozen seafood & meat products
Frozen snacks & bakery products
others
Africa Frozen Processed Food by Distribution Channel
Supermarkets/ Hypermarkets
Specialty stores
Convenience stores
Online
Latin America Outlook (USD Billion, 2018-2032)
Latin America Frozen Processed Food by Type
Frozen ready meals
Frozen seafood & meat products
Frozen snacks & bakery products
others
Latin America Frozen Processed Food by Distribution Channel
Supermarkets/ Hypermarkets
Specialty stores
Convenience stores
Online
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