Global Frozen Food Market Size, Share, Growth & Forecast 2026

by Mack Nene SEO | Digital Marketing

The global frozen food market is expected to undergo robust CAGR during the forecast period owing to the growing demand for frozen food which needs least preparation and cooking time. Most of these frozen foods have higher shelf-life which serves as another factor for the growth of this market. Moreover, the hectic and busy life of consumers across the globe has changed their dietary preferences. This has led to surge in demand for frozen food and in the coming years it will act as a major growth factor for frozen food industry.

Manufacturers are introducing all kinds of frozen items such as frozen potatoes, frozen meat & fish products and frozen ready-to-eat meals which is further expected to support frozen food market in the coming years. Also, the sudden breakout of COVID-19 has led to surge in demand for frozen foods as people cannot go out frequently to buy fruits and vegetables. Frozen food has the property of keeping nutrients intact for a long time and this serves as a major selling factor.

Global frozen food market can be segmented based on product, type, end user, distribution channel and region. Based on product, the market is segmented into frozen fruits, frozen vegetables, dairy products, frozen soup, frozen meat & seafood, frozen convenience food & ready meals and others. Among them, the frozen vegetables segment is dominating the global market and is expected to undergo the fastest growth during the forecast period owing to growing demand for french fries as well as increasing application of potatoes in various other cuisines around the world.

Regionally, Europe holds the largest market share in frozen food market due to widespread consumption of frozen food items among the working population who find it convenient to use. Also, countries like France and Russia are among the largest consumers of frozen potatoes. However, Asia Pacific will emerge as the fastest growing market in the coming years owing to the increasing working-class population who look for ready-to-eat meals.

Major companies operating in the global frozen food market include Aryzta A.G., General Mills Incorporation, Kraft foods Group Inc., Ajinomoto Co. Inc., Cargill Incorporated, EUROPASTRY S.A., JBS S.A., Nestle S.A., Kellogg Company and Flower Foods, among others. The key growth strategy taken by frozen food companies are merger and acquisitions. They are focusing on launching different variants of product to enhance their product portfolio.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022–2026

Objective of the Study:

To analyse and forecast the market size of global frozen food market.
To forecast global frozen food market based on product, type, end user, distribution channel, company and regional distribution.
To identify drivers and challenges for global frozen food market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in global frozen food market.
To identify and analyse the profile of leading players operating in the global frozen food market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of frozen food manufacturing companies across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the vendors which could not be identified due to the limitations of secondary research.

TechSci Research calculated global frozen food market size using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

Frozen food manufacturing companies/partners
Suppliers/Distributers
End-Users
Government bodies such as regulating authorities and policy makers
Organizations, industry associations, forums and alliances related to frozen food market
Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as frozen food manufacturing companies and partners, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

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