Latest News- Frozen Food Market: Frozen ready meals is expected to lead the Product Type segment during 2025-2029

The Frozen Food Market is being driven by Expansion of retail stores offering frozen food

The Frozen Food Market is expected to grow at a CAGR of 7.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 153 billion. In the dynamic and competitive global frozen food market, businesses are continually seeking innovative strategies to enhance the quality and prolong the shelf life of their products. One such groundbreaking approach involves the adoption of advanced packaging technologies. For instance, the implementation of innovative pouch packaging has emerged as a game-changer, preserving nutrients and preventing freezer burn in frozen food items. Another noteworthy innovation is the integration of silver nanoparticles into food packaging, which effectively inhibits bacterial growth. Moreover, companies like Nomad Foods are introducing unique packaging solutions, such as self-venting bags, enabling consumers to cook frozen foods directly from the freezer in the microwave, thereby reducing the reliance on plastic packaging. These advancements not only cater to evolving consumer preferences but also contribute to the overall sustainability of the industry. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product Type
  • Frozen ready meals
  • Frozen meat and poultry
  • Frozen fish and seafood
  • Frozen fruits and vegetables
  • Others
• Distribution Channel
  • Offline
  • Online
• Consumption Pattern
  • Retail
  • Food service
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • North America
    • Canada
    • US
  • APAC
    • China
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Expansion of retail stores offering frozen food
• New product launches
• Growing consumer inclination for vegan frozen food

However, the market also witnesses some limitations, which are as follows:

• Health risks associated with consumption of frozen ready meals
• Challenges in warehousing frozen foods
• Decline in consumption owing to rising obesity rates and other health concerns

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Market Scope in Frozen Food Market Research Report

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Research Analysis Overview

The frozen food market is experiencing significant growth due to the rise of e-commerce and online shopping platforms. Sustainability goals and globalization are driving factors, with consumers now able to access international cuisines from the comfort of their homes. Convenience, portability, and longer shelf life are key benefits, as distribution networks expand and farm-to-table and locally sourced produce broaden culinary horizons. Cost-effective sourcing of raw materials through innovation in developing countries is also a trend, but quality degradation and food safety risks are concerns. Fruits, vegetables, seafood, meats, and various dietary preferences like vegan, paleo, and gluten-free are all catered to, offering versatility and health consciousness to consumers.

Market Research Overview

The global packaged foods and meats market encompasses vendors engaged in food processing to ensure food safety and extend product shelf life. According to Technavio, the market's size is determined by the consolidated revenue of participating entities. This market segment excludes equipment manufacturers and producers of beverages, including alcoholic and non-alcoholic varieties. Key growth drivers for the packaged foods and meats sector include the health benefits linked to minimally processed foods, such as vegetables, which are rich in essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C. Additionally, factors like food waste reduction through e-commerce and online shopping platforms, adherence to sustainability goals, globalization leading to the popularity of international cuisines, and the convenience, portability, and longer shelf life of packaged goods will significantly contribute to market expansion. The development of robust distribution networks, particularly in the farm-to-table sector, will further bolster market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/