Frozen Food Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020-2026 (India, USA,UK)
                     Frozen Foods Market
Industry Analysis, Size, Share, Growth, Trends, and 
Forecast (2020-2026)
Global Frozen Food market is anticipated to reach the market valuation of US$ 
320.06 billion by 2026 expanding at  a reasonable CAGR of 4.6% in the course 
of forecasted period (2020-2026) from US$ 232.42 billion in 2019. Consumers 
globally have recognized frozen food as one of the healthier options in the ambit 
packaged products available. Today frozen foods have become more accessible owing to 
the increase in number of large format retail stores. Major factors driving the industry 
constitute to be the customer craving, rising awareness and acceptance, increase in 
selling points, deeper penetration by organized players and surging availability of freezer 
space at the retail domain. Advances in freezing technologies, innovative refrigerator 
displays in supermarkets, better and faster supply chain solutions have been owing to the 
increasing consumption and therefore growing demand of frozen foods. Increase of the 
global population, scarcity of food in some regions, strong demand from emerging 
economies and specific demographic changes in the modern world have been the prime 
reasons for the growth of frozen foods market. The increasing number of women at 
workplace together with growing number of one-person households has also determined 
the upward trend of the demand for frozen foods. Frozen foods have become a regular 
part of daily diet worldwide accredited to changing lifestyles and increasing lifestyles.
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Online grocery shopping trend and new applications in the retail sector have also created 
several opportunities for overall processed food market thereby accelerating the frozen 
foods market. Globalization and increasing international trade have been the major 
factors responsible for the development of the frozen food industry. With economic 
development and increasing purchasing power parity (PPP), consumers now can afford 
premium products with improved nutritional value and shelf life. International trade of  
frozen foods products has gained prominence, complemented by improved 
transportation facilities. Increased consumption of frozen food products in the emerging 
markets of Asia Pacific and South America has also contributed to an increase in the sale 
of frozen bakery products while the demand in developing regions is driven by an 
increase in disposable income. Cold chain infrastructure has played an important role in 
driving the frozen food market, as it helps to transport products at both the domestic 
and international level. The rise in the export and import of frozen food is possible due to 
the strong global cold chain services available in developed economies.
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ast-2020-2026
Based on the product category, the global frozen food market is fragmented into ready to 
eat, ready to cook and ready to drink frozen foods. The popularity of ready to eat meals 
has witnessed a rapid rise accredited to immense convenience and ease offered coupled 
with increasing working women population, increasing disposable income and changing 
lifestyles. The segment is anticipated to generate revenue of US$ 138.52 billion by 2026. 
Based on product type, the global frozen food market is bifurcated into Frozen Meat, 
Frozen Fish/Seafood, Frozen Ready Meals, Frozen Bakery, Frozen Pizza, Frozen Potato and 
others. Frozen Ready Meals segment generated revenue of US$ 54.05 billion in 2019. 
The Frozen Bakery Products segment is anticipated to register the highest CAGR growth 
of 5.1% during the forecast period 2020-2026. Based on distribution channel, the market 
is bifurcated into supermarket/hypermarkets, Independent Retailers, Convenience Store 
and other channels such as specialist retailers and online modes. The 
supermarket/hypermarkets segment is expected to generate revenue of US$ 226.26 
billion by 2026 through the sales of frozen food products.
Additionally, for better investigation and penetration of frozen foods the report provides, 
detailed country-level analysis was conducted for major region/country including 
Americas (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, 
Spain, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea) and Rest of the 
world. Europe was the largest market for the frozen food industry in 2019, accounting 
for 38.5% share. Asia-Pacific is expected to generate revenue of US$ 81.74 billion by 
2026. Some of the major companies profiled in Global Frozen Food Market are Nestle 
SA, Ajinomoto, Goya Foods, ConAgra Foods, General Mills, Heinz Company, Tyson Foods, 
Unilever PLC, Maple Leaf Foods, Nomad Foods, Mc Can Foods Ltd, Dr. Oetker. The 
players consistently aim to focus on various product launches, innovations, energy 
efficient products as well as mergers and acquisitions  to enhance the consumption of 
frozen foods globally thereby strengthening their market position which further offers 
them growth opportunities as well as expansion of product innovation and expansion 
around the world. 
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UMI understands that you may have your own business need, hence we also 
provide fully customized solutions to clients. The Global Frozen Food Market 
can be customized to the country level or any other market segment.
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