The global frozen food market size 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. The study provides a detailed analysis of the industry, including the Frozen Food Market report, trends, growth, size, and industry growth forecast.
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 increment in the population that is able to work is the main reason behind the expansion of the frozen food industry. Products that are easy to cook or those that are ready-to-cook are the ones that are mostly chosen by the population who work. Experts predict that the urban population will increase from 56% to 68% by 2050. This impels the frozen foods, ready meals, and frozen vegetables segments to grow, which is a trend that is preferred by people who have a busy lifestyle because these products require less preparation time and dietary needs are met.
Consumers satisfied with frozen food's long shelf life and companies that innovate freezing technology and create sustainable packaging solutions could expand the market. Some of the most eco-friendly frozen food packaging solutions are clean-label paper-based and plant-based compostable wraps from Nomad Foods and Nature Fresh Farms of distinction. People who demand sustainable packaging solutions and those actions that lessen plastic waste are the main factors that positively influence the market growth.
The latest freezing methods, such as flash freezing, are more capable of retaining the color, texture, and nutritional value of the food than the older methods. For instance, SPATULA Foods Inc. flash-freezes meals that are 90% cooked so that the flavor and nutrients can be locked in without the use of preservatives. This is also supported by intelligent packaging, like QR codes, and RFID or IoT sensors that can be used to monitor the cold supply chains and product quality anywhere in the world.
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
Being the biggest market for frozen foods, Europe is expected to see an upward trend as a result of a changing way of life, an increasing demand for convenient and quality frozen foods, improvement in production processes, and the presence of a well-established retail sector. The market is likely to take the innovation level higher in plant-based and frozen seafood products. According to the Eurobarometer Poll 2021, 64% of Europeans consume fish regularly, and they 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
Customization Note:
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