World Quick-Frozen Food Market - Forecast(2022 - 2027)

Report Code: FBR 13209 Report Format: PDF + Excel

World Quick Frozen Food Market Overview

World Quick-Frozen Food Market size is forecast to reach $290.6 billion by 2026, growing at a CAGR of 5.6% during the forecast period 2021-2026. Consumables in the form of food products that are preserved under low temperature through a process called flash freezing and used over a long period are collectively called frozen foods. The primary driving forces of the market are high disposable income across major economies, products with longer shelf life, growing impulsive buying by consumers, and rising demand for frozen food products, due to the busy lifestyle. Frozen foods in the form of ready-to-eat meals, usually come infused with carboxymethylcellulose and oxygen scavengers, which are beneficial to human health. A proactive lifestyle due to urbanization has made consumers turn to frozen food products whenever they have spare time. Availability of frozen foods through multiple distribution channels has altered the purchasing patterns of consumers regarding dietary products, thereby ensuring a strong foothold for frozen foods in the list of daily consumables. The market gained limelight from selling raw foods, like frozen meat, fish, vegetables, and fruits to prepared foods and frozen vegetable mixes (with meat, rice, and pasta), frozen desserts, as well as bakery products which is set to further enhance the overall market developments of the World Quick-Frozen Food Market for the period 2021-2026.

Report Coverage

The report: World Quick-Frozen Food Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the World Quick-Frozen Food Market.

By Product Category: Ready-to-eat, Ready-to-cook, and Ready-to-drink.
By Product Type: Fruits and vegetables, Meat and fish, Cooked and ready meals, Desserts, and Snacks.
By Freezing Technique: Individual Quick Freezing (IQF), Blast Freezing, and Belt Freezing.
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, and Online Channels.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa).

Key Takeaways

  • Europe dominated the World Quick-Frozen Food Market in 2020 owing to the growing living standards and an increasing need for convenience. The World Quick-Frozen Food Market scope for different regions will be provided in the final report.
  • Rising demand for convenience food due to its ease of consumption coupled with the growing disposable income of consumers are likely to aid the market growth of the World Quick-Frozen Food Market report.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be World Quick-Frozen Food Market report.
  • Lack of cold chain infrastructure in developing economies is poised to create the hurdles for the World Quick-Frozen Food Market.

    World Quick-Frozen Food Market Revenue Share, By Geography, 2020(%)

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World Quick-Frozen Food Market Segment Analysis – By Product Category

The ready-to-eat segment held the largest share in the World Quick-Frozen Food Market in 2020 and is estimated to grow at a CAGR 5.1% during the forecast period 2021-2026. This is owing to the growing urbanization which has made the life of consumers, especially in tier I cities extremely busy. To cope up with the busy life, consumers including millennials and gen Z are adopting ready-to-eat frozen foods which are convenient to consume, source and nutritious at the same time. On the other hand, ready-to-drink frozen food is also gaining a lot of traction which is attributable to the key competitors continuously innovating with their existing product line-ups in order to provide healthier drinks keeping the flavour quotient high. Milk-based frozen drinks are enriched with nutrients, like calcium, potassium, magnesium, and vitamin A and D, protein, and a number of other essential vitamins and minerals. Ready-to-drink segment is estimated to register the higher CAGR over the period 2021-2026.

World Quick-Frozen Food Market Segment Analysis – By Distribution Channel

Hypermarkets/Supermarkets segment held the largest share in the World Quick-Frozen Food Market in 2020 and is estimated to grow at a CAGR 5.4% during the forecast period 2021-2026. This is owing to the wide variety of product line-ups available from a multitude of brands, under one single roof. This makes the buying experience convenient for consumers. Due to the availability in abundance, hypermarkets can also give coupons and offers, thereby creating good deals for consumers. However, with internet penetration, the sub-urban and rural areas surrounding most of the metropolitan cities, online sales channels are also getting a lot of limelight from the consumers. The online channels segment is estimated to register the higher CAGR over the period 2021-2026.

World Quick-Frozen Food Market Segment Analysis – By Geography

Europe dominated the World Quick-Frozen Food Market with a major share of 38% in 2020. This is attributed to the attitude of customers which has been changing toward frozen food and has transformed significantly in Europe since the last decade, primarily attributable to an improvement in living standards and an increasing need for convenience. Most manufacturers in this region has been successful over the recent past, and the growth trajectories in markets such as the United Kingdom, France, and Germany, is immense.

However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the rising disposable income of the majority of the households throughout the region and the rapid growth of urbanization which has led to the progressive adoption of ready-to-eat and ready-to-cook food products, across various countries like Pakistan, India, Malaysia, and Singapore, among others.

World Quick-Frozen Food Market Drivers

Rising demand for convenience food due to its ease of consumption is driving the market growth

In the recent past, the growing inclination of consumers towards convenience foods indirectly supplemented the rising need for frozen products because they require less time and effort than conventional cooking. The quick-frozen food market is majorly augmented by the greater demand for convenience foods owing to the busy lifestyles of consumers. According to The World Bank, the U.S. had an 83% urbanization in 2020 as compared to 77% back in 1995. This, in turn, bolsters the demand for frozen products. Thus, increasing the growth of the World Quick-Frozen Food Market during the forecast period 2021-2026. 

Rising disposable income of consumers is poised to increase the growth of the market

Rising disposable income of consumers across all the major economies has positively impacted the growth of the quick frozen foods market. This is mainly because it increases the buying power of consumers. According to the Bureau of Economic Analysis, disposable personal income in the U.S. increased to USD 18,048.10 billion in July 2021 from USD 17,272 billion in December 2020. Thus, increasing the growth of the World Quick-Frozen Food Market during the forecast period 2021-2026.

World Quick-Frozen Food Market Challenges

Lack of cold chain infrastructure in developing economies is likely to challenge the market growth

Some of the factors that are set to impede the growth of the World Quick-Frozen Food Market is the cold chain logistics which is a pivotal requirement to magnify the market share of frozen food, irrespective of the economy. However, developing countries are still lacking in cold chain infrastructure and are unable to supply safe frozen food products to their citizens. According to International Trade Administration, North America had a cold chain infrastructure market valuation of USD 98.47 billion in 2020 as compared to USD 89.76 billion in 2019, which is not a significant increase in order to cope with the growing demand for frozen foods. Frozen food usually comes with a longer shelf life but attributing to insufficient infrastructure, products get wasted. Poor infrastructure in cold chain logistics has directly impacted the import, storage, and export business of frozen food products in developing countries namely Bangladesh, South Africa, and Myanmar. Whereas, these countries have a commendable adoption of frozen foods throughout.

World Quick-Frozen Food Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the World Quick-Frozen Food Market. In 2020, the World Quick-Frozen Food Market share is fragmented by the top ten players present in the market. The World Quick-Frozen Food Market, top 10 companies are:

  1. General Mills
  2. Unilever
  3. Nestlé
  4. Tyson Foods
  5. Nomad Foods Ltd
  6. Kellogg Company
  7. Real Good Foods Company
  8. Associated British Foods plc
  9. McCain Foods Limited
  10. Kraft Heinz Company

Recent Developments:

  • Real Good Foods Company, revealed the launch of 7 fresh line-ups of frozen foods across roughly 1,500 Kroger stores across the U.S, on 17th August 2021. The new products are low in carbohydrates, high in protein, grain-free, and gluten-free, thereby aiding consumers with their fitness goals.
  • With frozen food sales rising from 17.4% between November 2019 and November 2020, Nestlé USA is investing USD 100 million to expand its frozen foods factory in Gaffney, South Carolina. 

Relevant Titles: 

Report Code: FBR 0089

Report Code: FBR 0197

For more Food and Beverage Market related reports, please click here

1. World Quick-Frozen Food Market- Overview
    1.1 Definitions and Scope
2. World Quick-Frozen Food Market- Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product Category
    2.3 Key trends by Product Type
    2.4 Key trends by Freezing Technique
    2.5 Key trends by Distribution Channel
3. World Quick-Frozen Food Market– Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. World Quick-Frozen Food Market- Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. World Quick-Frozen Food Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. World Quick-Frozen Food Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. World Quick-Frozen Food Market– Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. World Quick-Frozen Food Market– By Product Category(Market Size –$Million/$Billion)
    8.1 Ready-to-eat
    8.2 Ready-to-cook
    8.3 Ready-to-drink 
9. World Quick-Frozen Food Market– By Product Type(Market Size –$Million/$Billion)
    9.1 Fruits and vegetables
    9.2 Meat and fish
    9.3 Cooked and ready meals
    9.4 Desserts
    9.5 Snacks 
10. World Quick-Frozen Food Market– By Freezing Technique(Market Size –$Million/$Billion)
    10.1 Individual Quick Freezing(IQF)
    10.2 Blast Freezing
    10.3 Belt Freezing 
11. World Quick-Frozen Food Market– By Distribution Channel(Market Size –$Million/$Billion)
    11.1 Supermarkets/Hypermarkets
    11.2 Convenience Stores
    11.3 Online Channels
12. World Quick-Frozen Food Market- By Geography(Market Size –$Million/$Billion)
    12.1 North America
        12.1.1 U.S.
        12.1.2 Mexico
        12.1.3 Canada
    12.2 Europe
        12.2.1 U.K.
        12.2.2 France
        12.2.3 Germany
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Russia
        12.2.7 Rest of Europe
    12.3 Asia Pacific
        12.3.1 China
        12.3.2 India
        12.3.3 Japan
        12.3.4 South Korea
        12.3.5 Australia & New Zealand
        12.3.6 Rest of Asia Pacific
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
        12.5.2 Africa
13. World Quick-Frozen Food Market- Entropy
14. World Quick-Frozen Food Market– Industry/Segment Competition Landscape Premium
    14.1 Market Share Analysis
        14.1.1 Global Market Share – Key Companies
        14.1.2 Market Share by Region – Key companies
        14.1.3 Market Share by Countries – Key Companies
        14.1.4 Competition Matrix
        14.1.5 Best Practices for Companies
15. World Quick-Frozen Food Market– Key Company List by Country Premium Premium
16. World Quick-Frozen Food Market Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES

1.Global Market by Vendors Market 2020-2025 ($M)
1.1 Vendor Profile Market 2020-2025 ($M) - Global Industry Research
1.2 Dynamic of Vendors Market 2020-2025 ($M) - Global Industry Research
2.Global Market by Type Market 2020-2025 ($M)
3.Global Market by End-Use / Application Market 2020-2025 ($M)
3.1 Professional Needs Market 2020-2025 ($M) - Global Industry Research
4.Global Key Manufacturers Market 2020-2025 ($M)
4.1 Product and End-User / Application Market 2020-2025 ($M) - Global Industry Research
4.2 ConAgra Foods Market 2020-2025 ($M) - Global Industry Research
4.3 General Mills Market 2020-2025 ($M) - Global Industry Research
4.4 Kraft Heinz Market 2020-2025 ($M) - Global Industry Research
4.5 Foods Market 2020-2025 ($M) - Global Industry Research
4.6 Maple Leaf Foods Market 2020-2025 ($M) - Global Industry Research
4.7 McCain Market 2020-2025 ($M) - Global Industry Research
4.8 Nestl Market 2020-2025 ($M) - Global Industry Research
4.9 The Schwan Food Company Market 2020-2025 ($M) - Global Industry Research
4.10 Tyson Foods Market 2020-2025 ($M) - Global Industry Research
5.Global Market by Vendors Market 2020-2025 (Volume/Units)
5.1 Vendor Profile Market 2020-2025 (Volume/Units) - Global Industry Research
5.2 Dynamic of Vendors Market 2020-2025 (Volume/Units) - Global Industry Research
6.Global Market by Type Market 2020-2025 (Volume/Units)
7.Global Market by End-Use / Application Market 2020-2025 (Volume/Units)
7.1 Professional Needs Market 2020-2025 (Volume/Units) - Global Industry Research
8.Global Key Manufacturers Market 2020-2025 (Volume/Units)
8.1 Product and End-User / Application Market 2020-2025 (Volume/Units) - Global Industry Research
8.2 ConAgra Foods Market 2020-2025 (Volume/Units) - Global Industry Research
8.3 General Mills Market 2020-2025 (Volume/Units) - Global Industry Research
8.4 Kraft Heinz Market 2020-2025 (Volume/Units) - Global Industry Research
8.5 Foods Market 2020-2025 (Volume/Units) - Global Industry Research
8.6 Maple Leaf Foods Market 2020-2025 (Volume/Units) - Global Industry Research
8.7 McCain Market 2020-2025 (Volume/Units) - Global Industry Research
8.8 Nestl Market 2020-2025 (Volume/Units) - Global Industry Research
8.9 The Schwan Food Company Market 2020-2025 (Volume/Units) - Global Industry Research
8.10 Tyson Foods Market 2020-2025 (Volume/Units) - Global Industry Research
9.North America Market by Vendors Market 2020-2025 ($M)
9.1 Vendor Profile Market 2020-2025 ($M) - Regional Industry Research
9.2 Dynamic of Vendors Market 2020-2025 ($M) - Regional Industry Research
10.North America Market by Type Market 2020-2025 ($M)
11.North America Market by End-Use / Application Market 2020-2025 ($M)
11.1 Professional Needs Market 2020-2025 ($M) - Regional Industry Research
12.North America Key Manufacturers Market 2020-2025 ($M)
12.1 Product and End-User / Application Market 2020-2025 ($M) - Regional Industry Research
12.2 ConAgra Foods Market 2020-2025 ($M) - Regional Industry Research
12.3 General Mills Market 2020-2025 ($M) - Regional Industry Research
12.4 Kraft Heinz Market 2020-2025 ($M) - Regional Industry Research
12.5 Foods Market 2020-2025 ($M) - Regional Industry Research
12.6 Maple Leaf Foods Market 2020-2025 ($M) - Regional Industry Research
12.7 McCain Market 2020-2025 ($M) - Regional Industry Research
12.8 Nestl Market 2020-2025 ($M) - Regional Industry Research
12.9 The Schwan Food Company Market 2020-2025 ($M) - Regional Industry Research
12.10 Tyson Foods Market 2020-2025 ($M) - Regional Industry Research
13.South America Market by Vendors Market 2020-2025 ($M)
13.1 Vendor Profile Market 2020-2025 ($M) - Regional Industry Research
13.2 Dynamic of Vendors Market 2020-2025 ($M) - Regional Industry Research
14.South America Market by Type Market 2020-2025 ($M)
15.South America Market by End-Use / Application Market 2020-2025 ($M)
15.1 Professional Needs Market 2020-2025 ($M) - Regional Industry Research
16.South America Key Manufacturers Market 2020-2025 ($M)
16.1 Product and End-User / Application Market 2020-2025 ($M) - Regional Industry Research
16.2 ConAgra Foods Market 2020-2025 ($M) - Regional Industry Research
16.3 General Mills Market 2020-2025 ($M) - Regional Industry Research
16.4 Kraft Heinz Market 2020-2025 ($M) - Regional Industry Research
16.5 Foods Market 2020-2025 ($M) - Regional Industry Research
16.6 Maple Leaf Foods Market 2020-2025 ($M) - Regional Industry Research
16.7 McCain Market 2020-2025 ($M) - Regional Industry Research
16.8 Nestl Market 2020-2025 ($M) - Regional Industry Research
16.9 The Schwan Food Company Market 2020-2025 ($M) - Regional Industry Research
16.10 Tyson Foods Market 2020-2025 ($M) - Regional Industry Research
17.Europe Market by Vendors Market 2020-2025 ($M)
17.1 Vendor Profile Market 2020-2025 ($M) - Regional Industry Research
17.2 Dynamic of Vendors Market 2020-2025 ($M) - Regional Industry Research
18.Europe Market by Type Market 2020-2025 ($M)
19.Europe Market by End-Use / Application Market 2020-2025 ($M)
19.1 Professional Needs Market 2020-2025 ($M) - Regional Industry Research
20.Europe Key Manufacturers Market 2020-2025 ($M)
20.1 Product and End-User / Application Market 2020-2025 ($M) - Regional Industry Research
20.2 ConAgra Foods Market 2020-2025 ($M) - Regional Industry Research
20.3 General Mills Market 2020-2025 ($M) - Regional Industry Research
20.4 Kraft Heinz Market 2020-2025 ($M) - Regional Industry Research
20.5 Foods Market 2020-2025 ($M) - Regional Industry Research
20.6 Maple Leaf Foods Market 2020-2025 ($M) - Regional Industry Research
20.7 McCain Market 2020-2025 ($M) - Regional Industry Research
20.8 Nestl Market 2020-2025 ($M) - Regional Industry Research
20.9 The Schwan Food Company Market 2020-2025 ($M) - Regional Industry Research
20.10 Tyson Foods Market 2020-2025 ($M) - Regional Industry Research
21.APAC Market by Vendors Market 2020-2025 ($M)
21.1 Vendor Profile Market 2020-2025 ($M) - Regional Industry Research
21.2 Dynamic of Vendors Market 2020-2025 ($M) - Regional Industry Research
22.APAC Market by Type Market 2020-2025 ($M)
23.APAC Market by End-Use / Application Market 2020-2025 ($M)
23.1 Professional Needs Market 2020-2025 ($M) - Regional Industry Research
24.APAC Key Manufacturers Market 2020-2025 ($M)
24.1 Product and End-User / Application Market 2020-2025 ($M) - Regional Industry Research
24.2 ConAgra Foods Market 2020-2025 ($M) - Regional Industry Research
24.3 General Mills Market 2020-2025 ($M) - Regional Industry Research
24.4 Kraft Heinz Market 2020-2025 ($M) - Regional Industry Research
24.5 Foods Market 2020-2025 ($M) - Regional Industry Research
24.6 Maple Leaf Foods Market 2020-2025 ($M) - Regional Industry Research
24.7 McCain Market 2020-2025 ($M) - Regional Industry Research
24.8 Nestl Market 2020-2025 ($M) - Regional Industry Research
24.9 The Schwan Food Company Market 2020-2025 ($M) - Regional Industry Research
24.10 Tyson Foods Market 2020-2025 ($M) - Regional Industry Research
25.MENA Market by Vendors Market 2020-2025 ($M)
25.1 Vendor Profile Market 2020-2025 ($M) - Regional Industry Research
25.2 Dynamic of Vendors Market 2020-2025 ($M) - Regional Industry Research
26.MENA Market by Type Market 2020-2025 ($M)
27.MENA Market by End-Use / Application Market 2020-2025 ($M)
27.1 Professional Needs Market 2020-2025 ($M) - Regional Industry Research
28.MENA Key Manufacturers Market 2020-2025 ($M)
28.1 Product and End-User / Application Market 2020-2025 ($M) - Regional Industry Research
28.2 ConAgra Foods Market 2020-2025 ($M) - Regional Industry Research
28.3 General Mills Market 2020-2025 ($M) - Regional Industry Research
28.4 Kraft Heinz Market 2020-2025 ($M) - Regional Industry Research
28.5 Foods Market 2020-2025 ($M) - Regional Industry Research
28.6 Maple Leaf Foods Market 2020-2025 ($M) - Regional Industry Research
28.7 McCain Market 2020-2025 ($M) - Regional Industry Research
28.8 Nestl Market 2020-2025 ($M) - Regional Industry Research
28.9 The Schwan Food Company Market 2020-2025 ($M) - Regional Industry Research
28.10 Tyson Foods Market 2020-2025 ($M) - Regional Industry Research

LIST OF FIGURES

1.US World Quick-Frozen Food Market Revenue, 2020-2025 ($M)
2.Canada World Quick-Frozen Food Market Revenue, 2020-2025 ($M)
3.Mexico World Quick-Frozen Food Market Revenue, 2020-2025 ($M)
4.Brazil World Quick-Frozen Food Market Revenue, 2020-2025 ($M)
5.Argentina World Quick-Frozen Food Market Revenue, 2020-2025 ($M)
6.Peru World Quick-Frozen Food Market Revenue, 2020-2025 ($M)
7.Colombia World Quick-Frozen Food Market Revenue, 2020-2025 ($M)
8.Chile World Quick-Frozen Food Market Revenue, 2020-2025 ($M)
9.Rest of South America World Quick-Frozen Food Market Revenue, 2020-2025 ($M)
10.UK World Quick-Frozen Food Market Revenue, 2020-2025 ($M)
11.Germany World Quick-Frozen Food Market Revenue, 2020-2025 ($M)
12.France World Quick-Frozen Food Market Revenue, 2020-2025 ($M)
13.Italy World Quick-Frozen Food Market Revenue, 2020-2025 ($M)
14.Spain World Quick-Frozen Food Market Revenue, 2020-2025 ($M)
15.Rest of Europe World Quick-Frozen Food Market Revenue, 2020-2025 ($M)
16.China World Quick-Frozen Food Market Revenue, 2020-2025 ($M)
17.India World Quick-Frozen Food Market Revenue, 2020-2025 ($M)
18.Japan World Quick-Frozen Food Market Revenue, 2020-2025 ($M)
19.South Korea World Quick-Frozen Food Market Revenue, 2020-2025 ($M)
20.South Africa World Quick-Frozen Food Market Revenue, 2020-2025 ($M)
21.North America World Quick-Frozen  Food By Application 
22.South America World Quick-Frozen  Food By Application 
23.Europe World Quick-Frozen  Food By Application 
24.APAC World Quick-Frozen  Food By Application 
25.MENA World Quick-Frozen  Food By Application