Frozen and Prepared Food Market: Global Opportunity Analysis and Industry Forecast, 2023–2030

Frozen and Prepared Food Market

Market Overview:

Frozen processed foods are pre-cooked or partially cooked foods that can be stored and used for a long time. They are highly convenient to consume, save cooking time and efforts. Their long shelf-life makes them suitable for households, cafeterias and travelers.

Market key trends:

Rising demand for convenience foods due to changing lifestyles and increasing number of working women have boosted the frozen processed food market. Growing health consciousness and preference for low-calorie frozen meals have also driven the market growth. Furthermore, product innovation led by major players such as launch of healthy and organic frozen food lines have increased their demand considerably. Rising population and urbanization in developing countries offer promising growth opportunities over the forecast period.

Segment Analysis

The frozen processed food market is segmented by product type into frozen baked products, frozen desserts, frozen potatoes products, frozen meat substitutes, frozen poultry, and others. The frozen baked products segment currently dominates the market due to the convenient packaging and longer shelf life offered by frozen baked products like pizza, bread, cakes, and pastries. This allows consumers to store and consume these baked goods over a longer period of time without compromising on taste or quality.

Key Takeaways

The global Frozen Processed Food Market Demand size is expected to witness high growth, exhibiting a CAGR of 4.84% over the forecast period from 2022 to 2030, due to increasing preference for convenient packaged food among busy consumers. The market was valued at US$ 167115.0 Mn in 2021.

The United States accounts for the largest share in the frozen processed food market due to increasing demand for packaged convenience food. Europe follows the US and holds a significant share owing to rising health consciousness and preference for clean label foods. Asia Pacific is expected to exhibit the fastest growth over the forecast period driven by growing economies, expanding middle class population, and rising disposable incomes in the region.

Key players operating in the frozen processed food market are Nestle S.A., ConAgra Foods, Inc., Kraft Foods Group, Inc., Mother Dairy Fruit & Vegetable Pvt Ltd, BRF S.A., General Mills, Inc., Maple Leaf Foods Inc., Tyson Foods, Inc., and Unilever Plc. These companies enjoy a prominent presence across major countries and focus on new product launches and strategic collaborations with retail stores to gain a competitive edge in the market.

Read More:

https://www.dailyprbulletin.com/frozen-processed-food-market-key-trend-drives-growth/