The global frozen food market held a market size of USD 254 Billion in 2021 and is anticipated to grow at a CAGR of 8.37% from 2022 to 2030. Around 37,034 million kgs of frozen food were sold in 2021 globally.
Download Free Sample Report Now @ https://www.astuteanalytica.com/request-sample/frozen-food-market
Increasing demand of ready to cook or ready to eat food coupled with a wide range of offering by the domestic and international brands are driving the market growth. However, preference towards natural and fresh foods among the health-conscious people are somehow restraining the market growth during the study period.
The global frozen food market is classified based on type, and distribution channel. Based on type, the meat & poultry segment is estimated to cross USD 70 billion by 2027. Increased consumption of meat in the developed countries like the U.S., Germany and others as well as in the developing countries are fueling the segmental growth. Ready meals held the highest market share in 2021 in global frozen food market. Ease of use, and convenient to have in the busy schedule is one of the supporting reasons for the segmental dominance during the study period. Based on distribution channel, the retail segment is likely to capture market of more than USD 46 billion during 2022-2030.
Based on region, the global Frozen Food market has been divided into Middle East & Africa, Europe, North America, Asia Pacific, and South America. The Europe region held the lion’s share in the market of more than 35% in 2021 owing to the developed cold chain facility and advanced lifestyle.
Key players functioning in the global Frozen Food market include Cargill, Unilever, Nestle SA, Ajinomoto Co. Ltd., ConAgra Brands, Inc., McCain Foods, General Mills Inc., Nichirei Corporation Limited, Maruha Nichiro Corporation, CJ Foods, and Sanquan Food Co. Ltd., among others. The cumulative market share of the ten major players is close to 40%.
Recent Developments by Market Players in the Global Frozen Food Market
About Astute Analytica
Astute Analytica is a global analytics and advisory company which has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in depth and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising of business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost effective, value added package from us, should you decide to engage with us.
BSI Business Park, H-15,Sector-63, Noida- 201301- India
Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4251598 (Rest of the World)
Follow US: LinkedIn | Twitter