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Frozen Food Market Set to Soar Past USD 432.55 Billion by 2030

The global Frozen Food market size is expected to reach USD 432.55 billion by 2030 and exhibit a CAGR of 5.98% in the forecast period (2023−2030), according…



The global Frozen Food market size is expected to reach USD 432.55 billion by 2030 and exhibit a CAGR of 5.98% in the forecast period (2023−2030), according to Skyquest's latest research report. The changing lifestyles and busy schedules, leading to an increased demand for convenient and quick-to-prepare meals, growing awareness about food safety and the need for longer shelf life, promoting the consumption of frozen foods, advancements in freezing technologies and packaging, ensuring better preservation of nutritional content and taste, is fueling the market's growth.

Westford, USA, July 25, 2023 (GLOBE NEWSWIRE) -- According to SkyQuest's latest global research of the Frozen Food  market, plant-based and vegan frozen food options gaining popularity, driven by the increasing number of consumers adopting vegetarian and vegan diets, a focus on clean label and natural ingredients, with consumers seeking products free from artificial additives and preservatives, the emergence of premium and gourmet frozen food offerings, appealing to consumers looking for restaurant-quality meals at home, the introduction of innovative and exotic flavor profiles, catering to adventurous taste preferences and diverse culinary experiences, sustainable packaging solutions becoming more prevalent, as consumers seek environmentally friendly options and companies aim to reduce their carbon footprint, the growth of online frozen food delivery services, making it more convenient for consumers to access a wider range of frozen products, are the trends that aid in the market's growth.

Browse in-depth TOC on "Frozen Food Market"

  • Pages - 157
  • Tables - 124
  • Figures – 77

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Frozen food is food that has been preserved by freezing. This process slows down the growth of bacteria and other microorganisms, which helps to keep the food fresh for longer. Frozen food can be a convenient and healthy option for meals, snacks, and desserts. It is also a good way to preserve fruits and vegetables during the off-season.

Prominent Players in Frozen Food Market

  • Nestle SA
  • Nomad Foods Ltd
  • General Mills Inc
  • Unilever Plc
  • Tyson Foods Inc
  • Kellogg Company
  • McCain Foods Limited
  • The Kraft Heinz Company
  • Associated British Foods plc
  • Ajinomoto Co., Inc
  • Conagra Brands, Inc
  • Grupo Bimbo S.A.B. de C.V
  • Cargill, Incorporated
  • Lantmannen Unibake International
  • Europastry S.A.
  • JBS S.A.
  • Kidfresh
  • Aryzta AG
  • Kuppies

Frozen Ready Meals Demand to Grow Substantially in the Forecast Period

Frozen ready meals dominated the global online market as they offer convenience to consumers who have busy lifestyles and limited time for meal preparation. Frozen ready meals provide quick and easy solutions for those seeking convenient and ready-to-eat options without compromising on taste.

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Household is the Leading Application Segment

In terms of application, the household is the leading segment due to the increasing convenience to busy households as it eliminates the need for extensive meal preparation. Consumers can easily store frozen food items and quickly cook them whenever needed, saving time and effort.

North America is the leading Market Due to the Advanced Freezing Technologies

Region-wise, North America is one of the largest growing markets with a huge emphasis on advanced freezing technologies. Well-developed distribution networks and cold chain logistics support the efficient supply and availability of frozen food products in these regions.

A recent report thoroughly analyzes the major players operating within the Frozen Food market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Frozen Food.

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Key Developments in Frozen Food Market

  • In July 2023, Seviroli Foods, a privately held food company, acquired GoodFood Holdings, a frozen pasta manufacturer. The acquisition will allow Seviroli Foods to expand its frozen food portfolio and reach new customers.
  • In July 2023, US Foods, a foodservice distributor, announced plans to acquire Renzi Foodservice, a family-owned foodservice distributor. The acquisition will allow US Foods to expand its reach in central upstate New York and expand its private label offerings.

Key Questions Answered in Frozen Food Market Report

  • What specific growth drivers are projected to impact the market during the forecast period?
  • Can you list the top companies in the market and explain how they have achieved their positions of influence?
  • In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market's future growth?

Related Reports in SkyQuest’s Library:

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Global Frozen Fruits Market

Global Premium Chocolate Market

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