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Frozen Food Market is projected to reach USD 406.22 Billion by 2028 | IMR

According to Analyst, Global Frozen Food Market was valued at USD 271.95 Billion in 2021, and it is projected to reach USD 406.22 Billion by 2028, registering an estimated CAGR of 5.9% during 2021- 2028

Frozen food is any article used for food or drink which is being thoroughly processed, packed, and preserved by freezing following good commercial practices, which is further intended for sale in the frozen state. Frozen foods are an extremely affordable and convenient way to incorporate nutritious and healthy foods, including fruits & vegetables, protein & dairy, as well as whole grains. Chefs all across the world are highly benefitted from frozen foods as they deliver excellent quality as well as reduce labor and waste. Frozen foods contain more minerals and vitamins as fresh foods tend to lose them over a certain time, whereas freezing preserves and retains nutrients. This is one of the major factors that attract maximum consumers to choose frozen food over fresh food. Frozen food market research includes a thorough competitor study analysis and SWOT analysis. According to the market study, report covers key players market share and global impression through collaborations, mergers and acquisitions, joint ventures, partnerships, agreements and product launches. The research examines macroeconomic and microeconomic variables that may affect market demand and growth. The research reports covers COVID-19 impact on  current market position as well as regional analysis for future growth. The market size, share, production, revenue, production, gross margin, pricing, and market-influencing factors are all covered in research report. The market research report is in-depth examined for the relevant time frame.

 Frozen Food Market

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Report Scope:

Report Attribute Details
Market Size In 2021 USD 271.95 Billion
Market Size in 2028 USD 406.22 Billion
CAGR Growth Rate 5.9%.
Base Year 2021
Forecast Period 2022 to 2028

Leading Key Players:

  • General Mills Inc. (US)
  • Nestle SA (Switzerland)
  • Conagra Brands Inc. (US)
  • Ajinomoto Co. Inc. (Japan)
  • McCain Foods Limited (Canada)
  • The Kellogg Company (US)
  • Grupo Bimbo S.A.B. DE C.V. (Mexico)
  • Lantmannen Unibake International (Denmark)
  • The Kraft Heinz Company (US)
  • Unilever PLC (UK)
  • Cargill Incorporated (US)
  • Wawona Frozen Food (US)
  • Tyson Foods, Inc. (US), and other major players.

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Market Dynamics and Factors:

Drivers:

  • Increasing Female Working Population and Demand for Convenience Food

Restraints:

  • Low Nutritious Quality & Taste than the Fresh Food and Health-related Problems Impede the Market Growth

Opportunities:

  • Technological Advancements and Digitalization in the Retail Sector

Market Segment by Type:

  • Raw Material
  • Half-Cooked
  • Ready-To-Eat

 Market Segment by Product:

  • Convenience Food & Ready Meals
  • Meat & Seafood Products
  • Dairy Products
  • Bakery Products
  • Fruits & Vegetables
  • Others

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Market Segment by Region:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Industry Development In The Market

In August 2022, First We Feast, the well-known frozen food manufacturer, declared the expansion of its cooperation with FoodStory Brands and John Soules Foods. The product line was debuted at Walmart’s freezer section, and will soon be available in all the additional stores across the country. It includes the new Hot Ones Boneless Chicken Bites which are all-natural, white-meat boneless chicken bites and are served with an approved Hot Ones sauce packet in 18.6 oz. resealable bags.

In February 2022, The Real Good Food Company, Inc., an innovative, branded, high-growth, health- and wellness-focused frozen food company, announced the launch of its innovative and newest product, Stuffed Chicken Bites, in Kroger banners nationwide. The company stated that the consumers are access to two different varieties of Stuffed Chicken Bites in 1,500 stores. They further added that, unlike any other traditional breaded frozen options, Real Good Foods’ Stuffed Chicken Bites are free from any processed flours or grains.

Table of Contents

Chapter 1: Introduction

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment

Chapter 4: Market Landscape

Chapter 5: Market by Type

Chapter 6: Market by Application

Chapter 7:  Market by End-User

Chapter 8: Company Profiles and Competitive Analysis

Chapter 9: Global Market Analysis, Insights and Forecast, 2016-2028

Chapter 10: North America Market Analysis, Insights and Forecast, 2016-2028

Chapter 11: Europe Market Analysis, Insights and Forecast, 2016-2028

Chapter 12: Asia-Pacific Market Analysis, Insights and Forecast, 2016-2028

Chapter 13: Middle East & Africa Market Analysis, Insights and Forecast, 2016-2028

Chapter 14: South America Market Analysis, Insights and Forecast, 2016-2028

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

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Key Benefits of Global Market Research Report:

  • Market Segmented by Types, Applications, Regions, and key players
  • Potential Market Drivers. restraints, opportunities and challenges in the study
  • Recent Key industry news, developments and trends
  • Leading Competitive landscape & strategies of industry players
  • Research coves market historical, current, and projected market size and share value
  • In-depth analysis of market in terms of sales, price, revenue, market share, and growth rate
  • Research covers the porter analysis Bargaining Power of Suppliers and consumers, Threats of New Entrants, Substitute Product and Services

About us:

Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

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