Frozen Foods Market Analysis Released (2024)

Persistence Market Research announced an in-depth analysis of the global frozen foods market, covering the period from 2023 to 2033. The organization says its report offers a comprehensive look into the market's dynamics, growth drivers, challenges and emerging trends. It is designed to provide stakeholders with detailed data and insights to understand the trajectory of the Frozen Foods Market over the forecasted period. The global frozen foods market is projected to grow at a CAGR of 5.1% from 2023 to 2033, expanding from an estimated value of $281 billion in 2023 to $460.8 billion by the end of 2033.

Preservation Techniques

Traditionally, freezing has been one of the oldest and most effective methods of food preservation. However, modern freezing techniques have evolved significantly, allowing for better retention of flavor, texture and nutrients. Flash freezing, for instance, involves rapidly freezing food at extremely low temperatures, minimizing the formation of ice crystals and preserving the integrity of the food's cellular structure. This results in frozen foods that closely resemble their fresh counterparts in taste and texture.

Another innovation is the development of individual quick freezing (IQF) technology. Unlike conventional freezing methods, which freeze foods as a single block, IQF freezes each item individually. This prevents the formation of clumps and allows consumers to easily portion out the desired amount, reducing food waste. Furthermore, IQF technology preserves the nutritional content of foods more effectively by minimizing nutrient degradation during the freezing process.

In addition to freezing, advancements in packaging technology have played a crucial role in preserving the quality of frozen foods. Vacuum sealing, for example, removes air from the packaging, preventing oxidation and freezer burn. Modified atmosphere packaging (MAP) adjusts the composition of gases within the packaging to prolong shelf life and maintain freshness. These packaging innovations not only extend the storage life of frozen foods but also contribute to their overall quality and safety.

Nutritional Value

One of the common misconceptions about frozen foods is that they lack nutritional value compared to fresh produce. However, recent studies have shown that frozen fruits and vegetables can be just as nutritious, if not more so, than their fresh counterparts. The key lies in the timing of freezing. Fruits and vegetables are often frozen at peak ripeness, when their nutrient content is highest. In contrast, fresh produce may lose some of its nutrients during transportation and storage.

Moreover, freezing can actually preserve certain nutrients better than other preservation methods. For example, research has found that frozen spinach retains more folate than its canned or fresh counterparts. Similarly, frozen berries can contain higher levels of antioxidants compared to fresh berries that have been sitting on store shelves for days. These findings challenge the perception that fresh is always best and highlight the nutritional advantages of frozen foods.

Furthermore, frozen foods offer convenience without sacrificing nutritional quality. Pre-cut and pre-packaged frozen fruits and vegetables make meal preparation quick and easy, encouraging consumers to incorporate more produce into their diets. Additionally, frozen seafood and meats are often flash-frozen at the peak of freshness, locking in nutrients and minimizing the need for preservatives or additives.

Innovations in Product Diversity

The frozen food aisle is no longer limited to basic staples like frozen vegetables and TV dinners. Today, consumers can find a wide array of innovative frozen products that cater to various dietary preferences and culinary tastes. From plant-based alternatives to global cuisines, frozen food manufacturers are constantly introducing new and exciting options to meet the demands of today's discerning consumers.

Plant-based frozen foods, in particular, have seen tremendous growth in recent years, driven by the rising popularity of vegetarian and vegan diets. Frozen veggie burgers, meatless meatballs and plant-based sausages offer convenient alternatives to traditional meat products, appealing to both vegetarians and flexitarians alike. These plant-based options not only provide protein and fiber but also contribute to sustainability efforts by reducing the environmental impact of animal agriculture.

Moreover, frozen meals inspired by global cuisines allow consumers to enjoy restaurant-quality dishes in the comfort of their own homes. These frozen meals often feature high-quality ingredients and chef-inspired recipes, challenging the notion that frozen food is synonymous with bland or processed fare.

Frozen foods have come a long way from their humble beginnings as a convenience food for busy households. Thanks to advancements in preservation techniques, packaging technology and nutritional research, frozen foods now offer a viable alternative to fresh produce and home-cooked meals. With a focus on quality, convenience and innovation, the frozen food industry continues to evolve, providing consumers with an ever-expanding range of nutritious and flavorful options. As consumers become increasingly health-conscious and time-strapped, frozen foods are poised to play a central role in meeting the demands of modern lifestyles.

Frozen Foods Market Analysis Released (2024)

FAQs

What is the industry analysis for frozen foods? ›

KEY MARKET INSIGHTS

The global frozen food market size was valued at USD 297.47 billion in 2023 and is projected to grow from USD 310.77 billion in 2024 to USD 441.11 billion by 2032, exhibiting a CAGR of 4.80% during the forecast period. Europe dominated the frozen food market with a market share of 39.23% in 2023.

What is the projection for the frozen food market? ›

The global frozen food market is forecasted to jump from USD 365.2 billion in 2024 to USD 638.6 billion in 2034. Thus, the market's progress is projected to happen at a CAGR of 5.7% for the forecast period.

What is the biggest problem of frozen food segments? ›

What are the challenges when processing frozen food?
  • Coping with cold temperatures. Frozen food requires you to work in cold temperatures. ...
  • Preventing sticking. Frozen food often leads to condensation. ...
  • Avoiding damage. Some frozen food is delicate, such as fruit and vegetables. ...
  • Handling high volumes.

What is market analysis in food industry? ›

Food, drink and restaurant market research refers to the gathering, recording, and analysis of data related to the food service industry. It's important because it provides insights into things like consumer eating habits, food preferences, and dietary trends.

What country is the largest supplier of frozen food? ›

India is the world's largest exporter of frozen food, with the majority of its exports going to the US, Australia, and the UK.

What is the future of frozen foods? ›

The category is projected to expand at a 5.7% compound annual growth rate (CAGR) from 2024 through 2034 to reach a total market size of $638.6 billion, according to Future Market Insights. American shoppers, particularly Millennials, remained interested in frozen food in 2023.

What are the consumer insights of frozen food? ›

Shoppers view frozen food as a total meal solution that saves them time, is easy to prepare, and meets their taste expectations. 38% of those who consume frozen food eat it every few days or daily. The majority of core consumers are turning to the frozen food aisle as they look for better-for-you product attributes.

Why are frozen foods in demand? ›

Changing Consumer Needs

The consumers are changing their eating habits and are looking for products that are healthy and nutritious. The consumers also prefer to eat home-cooked meals rather than buying ready-made meals from the market. This has increased the demand for frozen foods.

How to increase sales of frozen food? ›

Engage in Community Events and Food Expos

Participating in community events and food expos allows you to showcase your frozen food products to a broader audience. These platforms offer the perfect opportunity to increase brand visibility and directly engage with potential customers.

What is the trend in frozen foods? ›

Over the past year, 20% of consumers globally have bought more freshly prepared frozen meals. This reflects the growing demand for healthy indulgence, where consumers seek natural ingredients to make indulgent food and beverages healthier.

What is the strength of the frozen food industry? ›

The global frozen foods market size was USD 284.2 billion in 2023 and is projected to grow from USD 363.7 billion in 2028, at a CAGR of 5.1%. One of the primary advantages is their longer shelf life compared to fresh alternatives. This quality significantly reduces food waste, a growing concern globally.

What is the forecast for the frozen food industry? ›

The global frozen foods market is projected to grow at a CAGR of 5.1% from 2023 to 2033, expanding from an estimated value of $281 billion in 2023 to $460.8 billion by the end of 2033. Traditionally, freezing has been one of the oldest and most effective methods of food preservation.

What is the risk in frozen food business? ›

Risk: Maintaining consistent low temperatures is vital to prevent spoilage and maintain product quality. Temperature fluctuations can lead to microbial growth, thawing, and loss of quality in perishable goods, pharmaceuticals, and vaccines.

Which two types of food should never be frozen? ›

"Generally speaking, anything that has dairy, or a very high water content, is not going to do well when frozen," says Palak Patel, a chef at the Institute of Culinary Education.

What industry does frozen food come under? ›

The rapid growth in the packaged food and beverage industry is significantly fueling the expansion of the frozen foods market. This synergy can be attributed to several key factors.

What is frozen in food industry? ›

Frozen food is, quite simply, food that has been preserved by being kept at a temperature below 0°C. This freezing process can be done commercially or in the home, and it is a popular method of food preservation because it helps prolong the shelf life of food significantly.

Why is frozen food industry important? ›

Nutrition Security: Frozen foods provide a conduit to healthy eating. The freezing process naturally locks in nutrition, allowing consumers to easily access nutritionally dense food year-round.

What are the different types of analysis in food industry? ›

The most common analytical methods for food quality assessment are mass spectrometry (MS) usually coupled to liquid (LC) or gas chromatography (GC), capillary electrophoresis (CE), infrared spectroscopy (IR) and nuclear magnetic resonance (NMR) spectroscopy.

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