The Frozen Food Market size is estimated to reach $383.3 billion by 2028, growing at a CAGR of 5.5% during the forecast period 2023-2028. The growth of the frozen food market is greatly fueled by the growing demand for frozen food products due to lack of time and a massive demand for foodstuff with lengthier shelf life. The frozen technique is the best technique of food preservation with frozen foods being convenient and economical. Frozen foods need to be simply heated and served and therefore require less time in today’s fast-paced world. Purchasing greater quantities of foodstuff that possess a lengthier shelf life provides a food option for crisis or unanticipated job loss. This is fueling the growth of the Frozen Food industry, thereby contributing to the Frozen Food Industry Outlook. Fruits & vegetables are accumulated to be frozen when they are mature. Then they are flash-frozen instantly. Various dairy constituents are utilized while making frozen yogurt. Vaner Investment Pte Ltd works in the production of Frozen Meat & Seafood, pre-cut meat and marinated meats.

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Frozen Food Market Growth Drivers:

  • Surging Benefits of Frozen Fruits & Vegetables:

Fruits & vegetables may be more nutritious than their fresh equivalents owing to their flash-frozen state which helps maintain nutrients without deteriorating. Some of the best-frozen fruits & vegetables to keep on hand include frozen strawberries, frozen butternut squash and frozen peas. Frozen fruits constitute fast healthy food. Frozen fruits and vegetables are processed at the summit of freshness when they have the utmost nutrients. The nutritional value of frozen fruits and vegetables is at times even greater than fresh produce. Apricots and peaches are normally frozen with sugar ‘5 + 1’ and ‘20 + 1’, respectively, owing to their color. The surging benefits of frozen fruits & vegetables are therefore driving the growth of the Frozen Food Market.

  • Soaring Innovations in Frozen Dairy, Meat & Seafood:

National Dairy Development Board has developed the concept of “Dahi-based Fusion” under frozen dairy products. “Dahi-based Fusion” includes the advantages of fermentation with a greater protein content than traditional ice cream. The product includes between 10-12% milk fat and around 6% milk protein. It has 35% lower added sugar than ice cream. The world is in the middle of a seafood resurgence. Iceland-headquartered Skaginn 3X has been the frontrunner of technological progress with knowledge acquired from meat, poultry and ready-meal food sectors. The outcome is a market-leading portfolio of sophisticated freezing innovations, involving IQF tunnel freezers, non-pressure plate freezers and brine freezing systems and more. The soaring innovations in frozen dairy, meat & seafood are therefore propelling the growth of the Frozen Food Industry, thereby contributing to the Frozen Food Industry Outlook.

Product Launch:

In January 2022, Unilever revealed its novel 2022 portfolio offerings across four of its packaged ice cream and frozen novelty brands, inclusive of Breyers®, Klondike®, Magnum ice cream® and Talenti® Gelato & Sorbetto. These novel creations would be accessible in principal retailers nationwide all through January and February 2022.

Frozen Food Market: Competitive Landscape

Key companies holding major shares in the Frozen Food Market are Unilever, Nestlé S.A., General Mills, Inc., Nomad Foods Limited, Tyson Foods, Inc., Conagra Brands, Inc., Wawona Frozen Foods, Kellogg Company, The Kraft Heinz Company and Lantmännen Unibake (Lantmännen Group).

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