Authored By: Sarah
13 Oct 2023

Frozen and Convenience Food Market is a billion-dollar market in making with forecasted revenue growth of USD 377.55 Bn 

The global Frozen and Convenience Food market is projected to become a billion-dollar market with estimated revenue growth of USD 377.55 billion. The market is estimated to grow by a CAGR of 7.1% between 2022 and 2027.

When it comes to the overall frozen and convenience food market categorization, it covers market segmentation by distribution channel (offline and online), type (convenience food and frozen food), and Geography (Europe, North America, APAC, South America, and Middle East and Africa. Technavio captures the growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. 

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Frozen and Convenience Food Market at a Glance

Navigating through the growth drivers of the Frozen and Convenience Food Market: It has been observed that Convenience is a vital factor that is fuelling the demand for ready-to-eat foods which in turn positively impacts the convenience and frozen food market.

  • Consumer preference for ready-to-eat meals is due to the increasingly hectic lifestyles the primary reason for the growing preference for ready-to-eat meals is that it reduces the preparation or cooking time and clean-up time.

As per the data, the offline segment of the Frozen and Convenience Food Market  was the largest segment and was valued at USD 527.43 billion in 2017

  • Moreover it is noted there is a significant increase in demand for vegan foods in so many countries, like UK and US which has been further fuelled by the rising demand for r meat alternatives among consumers. 

For instance, In January 2020, Nestle SA introduced plant-based sausages in Europe and the US. Get a comprehensive report summary describing the market landscape in our data-backed report that captures the growth trajectory of the market.

Key Companies and their key offerings: Our report offers in-depth insights into key vendor profiles with a wider understanding of the business ecosystem.

  •  Ajinomoto Co. Inc:  offers frozen and convenience foods under the brands LingLing, JoseOle, and Ajinomoto.
  •  Amys Kitchen Inc: Under this segment, the company offers various food products including vegan food products, gluten-free foods, soups, burritos and wraps, pizzas, and other products.
  •  Associated British Foods Plc:  offers frozen and convenience foods under the brands Primark, Ovomaltine, and Twinings

Some of prominent names worth mebtioning are Bakkavor Group PLC,Cargill Inc.,Conagra Brands Inc.,Corporativo Bimbo SA de CV,EUROPASTRY SA,General Mills Inc.,JBS SA,Kellogg Co.,Lantmannen ekonomisk forening,McCain Foods Ltd,.MTR Foods Pvt. Ltd. etc. Download our report to get a detailed analysis of the key market leaders in the Frozen and Convenience Food Market domain.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerating at a CAGR of 7.1%.

  2. What is the incremental growth of the market?
    The market is expected to grow by USD 377.55 Bn through 2023-2027.

  3. What is a key factor driving this market?
    Growing consumer inclination toward vegan frozen foods will drive market growth over the forecast period.

  4. What are the key regions covered in this market research report?
    Europe, North America, APAC, South America, and Middle East, and Africa are the key regions featured in this research report.

  5. Which is the leading geographic region for this market:
    45% growth will originate from North America.
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