Frozen Food Market : Current Scenario and Forecast (2020-2026): Emphasis on Product Category (Ready to Eat, Ready to Drink, Ready to Cook), Product Type (Frozen Meat Products, Frozen Fish/Seafood, Frozen Ready Meals, Frozen Bakery Products, Frozen Pizza, Frozen Potato Products, Others), Distribution Channel (Hypermarkets/Supermarkets, Independent Retailers, Convenience Store, Others (Specialist Retailers, Online)) and Region/Country
- UNI4065915
- 154 Pages
- March 2020
- Consumer Goods
Furthermore, in 2018, almost 25% of the population bought food and groceries from online retail channels. With the growing penetration of the internet and smartphone usage, retail grocery shopping is emerging as one of the platforms for companies to showcase and sell their frozen food products. The frozen food products market mainly consists of fruits and vegetables, dairy products, bakery products, meat and seafood products, and convenience food and ready meals, as well as other products. Developed countries such as the US, Germany, France, and Japan dominate the frozen food market owing to the high purchasing power of consumers. While the convenience foods and ready meals segment hold the largest market share; attributed to hectic work schedules of people, globally, resulting in increased global consumption of frozen foods.
“Amongst Product Category, Ready-to-Eat food segment dominated the market in 2019, accounting for 42.9% share in terms of value”
Based on the product category, the global frozen food market is fragmented into ready to eat, ready to cook and ready to drink frozen foods. The popularity of ready to eat meals has witnessed a rapid rise accredited to immense convenience and ease offered coupled with increasing working women population, increasing disposable income and changing lifestyles. The segment is anticipated to generate revenue of US$ 138.52 billion by 2026.
“Frozen Ready Meals dominated the product type segment of the frozen foods market in 2019, followed by Frozen Fish/Seafood”
Based on product type, the global frozen food market is bifurcated into Frozen Meat, Frozen Fish/Seafood, Frozen Ready Meals, Frozen Bakery, Frozen Pizza, Frozen Potato and others. Growing inclination towards frozen ready meals, increasing health awareness and surging spend on health and wellbeing has catalyzed the growth of the market. The segment generated revenue of US$ 54.05 billion in 2019. The Frozen Bakery Products segment is anticipated to register the highest CAGR growth of 5.1% during the forecast period 2020-2026.
“Frozen Foods are majorly sold through Supermarket/Hypermarket, followed by Independent Retailers”
Based on the distribution channel, the global frozen food market is bifurcated into supermarket/hypermarkets, Independent Retailers, Convenience Store and other channels such as specialist retailers and online modes. Preference for supermarkets/ hypermarkets with respect to ease of availability over conventional distribution channels for buying frozen foods has risen tremendously due to cost-effectiveness and better convenience. The segment is expected to generate revenue of US$ 226.26 billion by 2026 through the sales of frozen food products.
“Europe was the largest market for the frozen food industry in 2019, accounting for 38.5% share”
For a deep-dive analysis of the frozen food industry, detailed country-level analysis was conducted for major region/country including Americas (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea) and Rest of the world. It has been observed that most of the European countries prefer domestically produce products. Increasing government initiative and support to boost the domestic production of frozen food products such as meat and poultry product is further expected to boost the market for frozen food in the near future globally. Moreover, changing lifestyles, increasing the women population in the corporate world and growing demand for vegan frozen food constitute to be the additional factors attributed to an increase in demand for frozen food products over the forecast period in the region. Asia-Pacific is expected to generate revenue of US$ 81.74 billion by 2026.
Competitive Landscape-Top 10 Market Players
Nestle SA, Ajinomoto, Goya Foods, ConAgra Foods, General Mills, Heinz Company, Tyson Foods, Unilever PLC, Maple Leaf Foods, Nomad Foods, Mc Can Foods Ltd, Dr. Oetker are some of the prominent players operating in the frozen foods industry. Several M&A’s along with partnerships have been undertaken by these players to facilitate costumers with hi-tech and innovative products in the frozen food domain.
Reasons to buy:
• Current and future market size from 2020 to 2026 in terms of value (US$)
• Combined analysis of deep-dive secondary research and input from primary research through Key Opinion Leaders of the industry
• Country-level details of the overall consumption of Frozen Foods
• A quick review of overall industry performance at a glance
• In-depth analysis of key industry players
• A detailed analysis of regulatory framework, drivers, restraints, key trends and opportunities prevailing in the industry
• Examination of industry attractiveness with the help of Porter’s Five Forces analysis and start ups
• The study comprehensively covers the market across different segments and sub-segments of the market
• Regions/Countries Covered: Americas (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea) and Rest of the world
Customization Options:
UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients. The Global Frozen Foods market can be customized to the country level or any other market segment.
1.1 Market Definition 16
1.2 Objective of the Study 16
1.3 Limitation 16
1.4 Stakeholders 17
1.5 Currency used in the Report 17
1.6 Scope of the Global Frozen Foods Market Study 17
2. RESEARCH METHODOLOGY OR ASSUMPTION 18
2.1 Research Methodology for the Frozen Foods Market Study 18
2.1.1 Main objective of the Frozen Foods Market Study 19
3. INDUSTRY PERFORMANCE 20
4. EXECUTIVE SUMMARY 21
5. MARKET OVERVIEW 23
5.1 Introduction 23
5.2 Market Dynamics 24
5.2.1 Market Trend & Drivers 24
5.2.1.1 Surging Working Population 24
5.2.1.2 Convenience and Easy Availability of Foods 24
5.2.1.3 Changing Lifestyles and Urbanization 25
5.2.2 Market Challenges 25
5.2.2.1 Intense Competition 25
5.2.3 Market Opportunities 26
5.2.3.1 Growing Scope in Asian Countries 26
6. LEGAL & REGULATORY FRAMEWORK 27
6.1 General Overview 27
6.1.1 India 27
7. DEMAND AND SUPPLY SIDE ANALYSIS 28
7.1 Demand Side Analysis 28
7.2 Supply Side Analysis 29
7.2.1 Top Partnerships 30
7.2.2 Top Mergers & Acquisitions 30
7.2.3 Top Funding 30
7.2.4 Top Business Expansion 30
7.2.5 Top Product Launches 30
7.2.6 Top Start-ups under Frozen Foods Industry 31
8. VALUE CHAIN ANALYSIS 32
8.1 Value Chain Analysis 32
9. EXPORT- IMPORT SCENARIO OF FROZEN FOODS 33
9.1 Export& Import Overview of Frozen Foods 33
10. PROCESSING CYCLE OF FROZEN FOODS 34
10.1 General Overview 34
34
11. MARKET INSIGHTS BY PRODUCT CATEGORY 35
11.1 General Overview 35
11.1.1 Ready to Eat 36
11.1.2 Ready to Cook 37
11.1.3 Ready to Drink 38
12. MARKET INSIGHTS BY PRODUCT TYPE 39
12.1 General Overview 39
12.1.1 Frozen Meat Products 40
12.1.2 Frozen Fish/Seafood 41
12.1.3 Frozen Ready Meals 42
12.1.4 Frozen Bakery Meals 43
12.1.5 Frozen Pizza Meals 44
12.1.6 Frozen Potato Products 45
12.1.7 Other Frozen Products 46
13. MARKET INSIGHTS BY DISTRIBUTION CHANNEL 47
13.1 General Overview 47
13.1.1 Supermarket/Hypermarket 48
13.1.2 Independent Retailers 49
13.1.3 Convenience Stores 50
13.1.4 Others (Specialist Retailers, Online) 51
14. MARKET INSIGHTS BY REGION 52
14.1 General Overview 52
14.2 America Frozen Foods Market 53
14.2.1 Americas Frozen Foods Market, by Product Category 53
14.2.2 Americas Frozen Foods Market, by Product Type 54
14.2.3 Americas Frozen Foods Market, by Distribution Channel 54
14.2.4 Americas Frozen Foods Market, by Country 55
14.2.4.1 United States Frozen Foods Market 55
14.2.4.1.1 US Frozen Foods Market, by Product Category 56
14.2.4.1.2 US Frozen Foods Market, by Product Type 56
14.2.4.1.3 US Frozen Foods Market, by Distribution Channel 57
14.2.4.2 Canada Frozen Foods Market 57
14.2.4.2.1 Canada Frozen Foods Market, by Product Category 58
14.2.4.2.2 Canada Frozen Foods Market, by Product Type 58
14.2.4.2.3 Canada Frozen Foods Market, by Distribution Channel 59
14.2.4.3 Rest of North America Frozen Foods Market 59
14.2.4.3.1 Rest of North America Frozen Foods Market, by Product Category 60
14.2.4.3.2 Rest of North America Frozen Foods Market, by Product Type 60
14.2.4.3.3 Rest of North America Frozen Foods Market, by Distribution Channel 61
14.3 Europe Frozen Foods Market 61
14.3.1 Europe Frozen Foods Market, by Product Category 62
14.3.2 Europe Frozen Foods Market, by Product Type 62
14.3.3 Europe Frozen Foods Market, by Distribution Channel 63
14.3.4 Europe Frozen Foods Market, by Country 63
14.3.4.1 Germany Frozen Foods Market 64
14.3.4.1.1 Germany Frozen Foods Market, by Product Category 64
14.3.4.1.2 Germany Frozen Foods Market, by Product Type 65
14.3.4.1.3 Germany Frozen Foods Market, by Distribution Channel 65
14.3.4.2 UK Frozen Foods Market 66
14.3.4.2.1 UK Frozen Foods Market, by Product Category 66
14.3.4.2.2 UK Frozen Foods Market, by Product Type 67
14.3.4.2.3 UK Frozen Foods Market, by Distribution Channel 67
14.3.4.3 France Frozen Foods Market 68
14.3.4.3.1 France Frozen Foods Market, by Product Category 68
14.3.4.3.2 France Frozen Foods Market, by Product Type 69
14.3.4.3.3 France Frozen Foods Market, by Distribution Channel 69
14.3.4.4 Italy Frozen Foods Market 70
14.3.4.4.1 Italy Frozen Foods Market, by Product Category 70
14.3.4.4.2 Italy Frozen Foods Market, by Product Type 71
14.3.4.4.3 Italy Frozen Foods Market, by Distribution Channel 71
14.3.4.5 Spain Frozen Foods Market 72
14.3.4.5.1 Spain Frozen Foods Market, by Product Category 72
14.3.4.5.2 Spain Frozen Foods Market, by Product Type 73
14.3.4.5.3 Spain Frozen Foods Market, by Distribution Channel 73
14.3.4.6 Rest of Europe Frozen Foods Market 74
14.3.4.6.1 Rest of Europe Frozen Foods Market, by Product Category 74
14.3.4.6.2 Rest of Europe Frozen Foods Market, by Product Type 75
14.3.4.6.3 Rest of Europe Frozen Foods Market, by Distribution Channel 75
14.4 Asia-Pacific Frozen Foods Market 76
14.4.1 Asia-Pacific Frozen Foods Market, by Product Category 76
14.4.2 Asia-Pacific Frozen Foods Market, by Product Type 77
14.4.3 Asia-Pacific Frozen Foods Market, by Distribution Channel 77
14.4.4 Asia-Pacific Frozen Foods Market, by Country 78
14.4.4.1 China Frozen Foods Market 78
14.4.4.1.1 China Frozen Foods Market, by Product Category 79
14.4.4.1.2 China Frozen Foods Market, by Product Type 79
14.4.4.1.3 China Frozen Foods Market, by Distribution Channel 80
14.4.4.2 Japan Frozen Foods Market 80
14.4.4.2.1 Japan Frozen Foods Market, by Product Category 81
14.4.4.2.2 Japan Frozen Foods Market, by Product Type 81
14.4.4.2.3 Japan Frozen Foods Market, by Distribution Channel 82
14.4.4.3 India Frozen Foods Market 82
14.4.4.3.1 India Frozen Foods Market, by Product Category 83
14.4.4.3.2 India Frozen Foods Market, by Product Type 83
14.4.4.3.3 India Frozen Foods Market, by Distribution Channel 84
14.4.4.4 South Korea Frozen Foods Market 84
14.4.4.4.1 South Korea Frozen Foods Market, by Product Category 85
14.4.4.4.2 South Korea Frozen Foods Market, by Product Type 85
14.4.4.4.3 South Korea Frozen Foods Market, by Distribution Channel 86
14.4.4.4.4 Rest of APAC Frozen Foods Market, by Product Category 86
14.4.4.4.5 Rest of APAC Frozen Foods Market, by Product Type 87
14.4.4.4.6 Rest of APAC Frozen Foods Market, by Distribution Channel 87
14.5 Rest of World Frozen Foods Market 88
14.5.1 Rest of World Frozen Foods Market, by Product Category 88
14.5.2 Rest of World Frozen Foods Market, by Product Type 89
14.5.3 Rest of World Frozen Foods Market, by Distribution Channel 89
15. COMPETITIVE SCENARIO 90
15.1 Porter’s Five forces analysis 90
15.1.1 Bargaining power of Supplier 91
15.1.2 Bargaining power of Buyer 91
15.1.3 Industry Rivalry 91
15.1.4 Availability of Substitute 91
15.1.5 Threat of new Entrants 92
15.2 Competitive Landscape 92
15.2.1 Market Share of Key Players in Frozen Foods Market, 2019 93
16. TOP COMPANY PROFILES 94
16.1 Ajinomoto Co. Inc. 94
16.1.1 Key Facts 94
16.1.2 Business Description 94
16.1.3 Key Product/Services Offerings 95
16.1.4 Growth Strategy 97
16.1.5 SWOT Analysis 98
16.1.6 Key Financials 99
16.1.6.1 Revenue Split, by Region and Segment 100
16.1.6.2 Financial Overview of Ajinomoto 100
16.1.7 Recent Developments 100
16.1.7.1 Partnerships 100
16.1.7.2 Business Expansions and Investment 101
16.1.7.3 Merger& Acquisitions 103
16.2 Nestle SA 105
16.2.1 Key Facts 105
16.2.2 Business Description 105
16.2.3 Key Product/Services Offerings 105
16.2.4 Growth Strategy 106
16.2.5 SWOT Analysis 106
16.2.6 Key Financials 107
16.2.6.1 Revenue Split 108
16.2.6.2 Financial Overview of Nestle SA 108
16.2.7 Recent Developments 109
16.2.7.1 Product Launches 109
16.2.7.2 Partnerships (Strategic Alliance) 109
16.2.7.3 Business Expansions 109
16.2.7.4 Mergers & Acquisitions 109
16.3 Goya Foods 110
16.3.1 Key Facts 110
16.3.2 Business Description 110
16.3.3 Key Product/Services Offerings 110
16.3.4 Growth Strategy 111
16.3.5 SWOT Analysis 111
16.3.6 Key Financials 112
16.3.6.1 Revenue Split 113
16.3.6.2 Financial Overview of Goya Foods 113
16.3.7 Recent Developments 114
16.3.7.1 Product Launches 114
16.3.7.2 Partnerships (Strategic Alliance) 114
16.3.7.3 Business Expansions 114
16.3.7.4 Mergers& Acquisitions 114
16.4 ConAgra Foods 115
16.4.1 Key Facts 115
16.4.2 Business Description 115
16.4.3 Key Product/Services Offerings 115
16.4.4 Growth Strategy 116
16.4.5 SWOT Analysis 116
16.4.6 Key Financials 117
16.4.6.1 Revenue Split 118
16.4.6.2 Financial Overview of ConAgra Foods 118
16.4.7 Recent Developments 119
16.4.7.1 Product Launches 119
16.4.7.2 Partnerships (Strategic Alliance) 119
16.4.7.3 Business Expansions 119
16.4.7.4 Mergers& Acquisitions 119
16.5 General Mills 120
16.5.1 Key Facts 120
16.5.2 Business Description 120
16.5.3 Key Product/Services Offerings 120
16.5.4 Growth Strategy 121
16.5.5 SWOT Analysis 121
16.5.6 Key Financials 122
16.5.6.1 Revenue Split 123
16.5.6.2 Financial Overview of General Mills 123
16.5.7 Recent Developments 124
16.5.7.1 Product Launches 124
16.5.7.2 Partnerships (Strategic Alliance) 124
16.5.7.3 Business Expansions 124
16.5.7.4 Mergers& Acquisitions 124
16.6 Heinz Company 125
16.6.1 Key Facts 125
16.6.2 Business Description 125
16.6.3 Key Product/Services Offerings 125
16.6.4 Growth Strategy 126
16.6.5 SWOT Analysis 126
16.6.6 Key Financials 127
16.6.6.1 Revenue Split 128
16.6.6.2 Financial Overview of Heinz Company 128
16.6.7 Recent Developments 129
16.6.7.1 Product Launches 129
16.6.7.2 Partnerships (Strategic Alliance) 129
16.6.7.3 Business Expansions 129
16.6.7.4 Mergers& Acquisitions 129
16.7 Tyson Foods 130
16.7.1 Key Facts 130
16.7.2 Business Description 130
16.7.3 Key Product/Services Offerings 130
16.7.4 Growth Strategy 131
16.7.5 SWOT Analysis 131
16.7.6 Key Financials 132
16.7.6.1 Revenue Split 133
16.7.6.2 Financial Overview of Tyson Foods 133
16.7.7 Recent Developments 134
16.7.7.1 Product Launches 134
16.7.7.2 Partnerships (Strategic Alliance) 134
16.7.7.3 Business Expansions 134
16.7.7.4 Mergers& Acquisitions 134
16.8 Mc Can Foods Ltd 135
16.8.1 Key Facts 135
16.8.2 Business Description 135
16.8.3 Key Product/Services Offerings 135
16.8.4 Growth Strategy 136
16.8.5 SWOT Analysis 136
16.8.6 Key Financials 137
16.8.6.1 Revenue Split 138
16.8.6.2 Financial Overview of Mc Can Foods Ltd 138
16.8.7 Recent Developments 139
16.8.7.1 Product Launches 139
16.8.7.2 Partnerships (Strategic Alliance) 139
16.8.7.3 Business Expansions 139
16.8.7.4 Mergers& Acquisitions 139
16.9 Unilever PLC 140
16.9.1 Key Facts 140
16.9.2 Business Description 140
16.9.3 Key Product/Services Offerings 140
16.9.4 Growth Strategy 141
16.9.5 SWOT Analysis 141
16.9.6 Key Financials 142
16.9.6.1 Revenue Split 143
16.9.6.2 Financial Overview of Unilever PLC 143
16.9.7 Recent Developments 144
16.9.7.1 Product Launches 144
16.9.7.2 Partnerships (Strategic Alliance) 144
16.9.7.3 Business Expansions 144
16.9.7.4 Mergers& Acquisitions 144
16.10 U.S. Maple Leaf Foods 145
16.10.1 Key Facts 145
16.10.2 Business Description 145
16.10.3 Key Product/Services Offerings 145
16.10.4 Growth Strategy 146
16.10.5 SWOT Analysis 146
16.10.6 Key Financials 147
16.10.6.1 Revenue Split 148
16.10.6.2 Financial Overview of Maple Leaf Foods 148
16.10.7 Recent Developments 149
16.10.7.1 Product Launches 149
16.10.7.2 Partnerships (Strategic Alliance) 149
16.10.7.3 Business Expansions 149
16.10.7.4 Mergers& Acquisitions 149
TABLE 2 Top Mergers& Acquisitions 30
TABLE 3 Top Funding 30
TABLE 4 Top Business Expansion 30
TABLE 5 Top Product Launches 30
TABLE 6 TABLE 11 Ajinomoto Co. Inc. Key Facts 94
TABLE 7 TABLE 13 Product segmentation of Ajinomoto Co. Inc. 95
TABLE 8 TABLE 14 Ajinomoto Co. Inc., Inc. Growth Strategy 97
TABLE 9 TABLE 16 Ajinomoto Co. Inc. Partnerships 100
TABLE 10 TABLE 17 Ajinomoto Co. Inc. Business Expansions, Investment and Divestitures 101
TABLE 11 TABLE 18 Ajinomoto Co. Inc. Merger& Acquisitions 103
TABLE 12 Nestle SA Key Facts 105
TABLE 13 Product segmentation of Nestle SA 105
TABLE 14 Nestle SA Product Launches 109
TABLE 15 Nestle SA Partnerships 109
TABLE 16 Nestle SA Business Expansions 109
TABLE 17 Nestle SA Mergers and Acquisitions 109
TABLE 18 Goya Foods Key Facts 110
TABLE 19 Product segmentation of Goya Foods 110
TABLE 20 Goya Foods Product Launches 114
TABLE 21 Goya Foods Partnerships 114
TABLE 22 Goya Foods Business Expansions 114
TABLE 23 Goya Foods Mergers and Acquisitions 114
TABLE 24 ConAgra Foods, Key Facts 115
TABLE 25 Product segmentation of ConAgra Foods 115
TABLE 26 ConAgra Foods, Product Launches 119
TABLE 27 ConAgra Foods, Partnerships 119
TABLE 28 ConAgra Foods, Business Expansions 119
TABLE 29 ConAgra Foods, Mergers and Acquisitions 119
TABLE 30 General Mills Key Facts 120
TABLE 31 Product segmentation of General Mills 120
TABLE 32 General Mills, Product Launches 124
TABLE 33 General Mills, Partnerships 124
TABLE 34 General Mills, Business Expansions 124
TABLE 35 General Mills, Mergers and Acquisitions 124
TABLE 36 Heinz Company, Key Facts 125
TABLE 37 Product segmentation of Heinz Company 125
TABLE 38 Heinz Company, Product Launches 129
TABLE 39 Heinz Company, Partnerships 129
TABLE 40 Heinz Company, Business Expansions 129
TABLE 41 Heinz Company, Mergers and Acquisitions 129
TABLE 42 Tyson Foods Key Facts 130
TABLE 43 Product segmentation of Tyson Foods 130
TABLE 44 Key Financials of Tyson Foods 132
TABLE 45 Tyson Foods, Product Launches 134
TABLE 46 Tyson Foods Partnerships 134
TABLE 47 Tyson Foods Business Expansions 134
TABLE 48 Tyson Foods Mergers and Acquisitions 134
TABLE 49 Mc Can Foods Ltd, Inc Key Facts 135
TABLE 50 Product segmentation of Mc Can Foods Ltd 135
TABLE 51 Mc Can Foods Ltd, Product Launches 139
TABLE 52 Mc Can Foods Ltd, Partnerships 139
TABLE 53 Mc Can Foods Ltd, Business Expansions 139
TABLE 54 Mc Can Foods Ltd, Mergers and Acquisitions 139
TABLE 55 Unilever PLC Key Facts 140
TABLE 56 Product segmentation of Unilever PLC 140
TABLE 57 Unilever PLC, Product Launches 144
TABLE 58 Unilever PLC, Partnerships 144
TABLE 59 Unilever PLC, Business Expansions 144
TABLE 60 Unilever PLC, Mergers and Acquisitions 144
TABLE 61 Maple Leaf Foods, Key Facts 145
TABLE 62 Product segmentation of Maple Leaf Foods 145
TABLE 63 Maple Leaf Foods, Product Launches 149
TABLE 64 Maple Leaf Foods, Partnerships 149
TABLE 65 Maple Leaf Foods, Business Expansions 149
TABLE 66 Maple Leaf Foods, Mergers and Acquisitions 149
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