Frozen Food Market Forecast: Size, Share & Key Growth Catalysts 2032

Written by Devendra  »  Updated on: July 04th, 2025

Frozen Food Market Forecast: Size, Share & Key Growth Catalysts 2032

In 2024, the global frozen food market was valued at USD 310.77 billion and is forecast to increase to USD 457.34 billion by 2032, growing from USD 325.09 billion in 2025 at a compound annual growth rate (CAGR) of 5.00% during the forecast period. Europe led the market in 2024, accounting for 39% of the total share. In the U.S., the market is anticipated to grow substantially, reaching USD 110.23 billion by 2032, largely due to the increasing demand for foods with extended shelf life.

The market encompasses a diverse range of product categories such as frozen ready meals, meats and seafood, baked goods, and frozen fruits and vegetables. These items are distributed through various channels, including supermarkets, hypermarkets, convenience stores, specialty shops, and e-commerce platforms.

Information Source: https://www.fortunebusinessinsights.com/frozen-food-market-104138 

Impact of COVID-19

Pandemic-Induced Supply Challenges and Spike in Demand

The early months of the COVID-19 outbreak led to workforce shortages at production plants, temporarily disrupting supply chains. Despite this, consumer demand for frozen foods surged as households began stockpiling non-perishable food during lockdowns. Frozen products became pantry essentials, much like dry goods, as consumers sought food items with longer shelf lives.

Research Approach

This market report is based on a comprehensive analytical framework supported by data triangulation methods to ensure reliability. Both regional and global databases were utilized to provide detailed insights and actionable recommendations for stakeholders, investors, and decision-makers within the industry.

Market Segmentation

The frozen food market is segmented by product type and distribution channel. By product type, it includes frozen ready meals, frozen seafood and meat, frozen snacks and bakery goods, and other categories, with frozen seafood and meat holding the largest market share. In terms of distribution, the market comprises supermarkets and hypermarkets, convenience stores, specialty retailers, and online shopping platforms. Regionally, the market is analyzed across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Key Market Drivers and Challenges

Growing Demand for Convenience and Time Efficiency

The rise in consumer preference for easy-to-prepare meals is one of the primary drivers fueling the frozen food sector. These products appeal across demographics due to their time-saving nature and convenience, offering a practical alternative to preparing meals from scratch, particularly for busy households and working professionals.

Regional Insights

Europe is expected to maintain its dominance in the global market, driven by rising demand for plant-based frozen foods and a growing vegan consumer base. The region benefits from stable economic conditions, shifting dietary preferences, and strong purchasing power. Meanwhile, Asia Pacific is experiencing rapid growth, supported by the expansion of the e-commerce sector and improvements in cold storage and logistics infrastructure across emerging economies. North America also remains a key market, underpinned by high consumer awareness of the nutritional benefits and convenience associated with frozen food products.

Competitive Landscape

Innovation and Mergers Continue to Shape the Market

Leading brands are focusing on product development and acquisitions to strengthen their market positions and cater to evolving consumer needs. These strategic moves are essential for enhancing brand portfolios and penetrating new customer segments.

Major Players in the Global Frozen Food Market

General Mills Inc. (Minnesota, U.S.)

Nestlé SA (Vevey, Switzerland)

Conagra Brands Inc. (Illinois, U.S.)

The Kellogg Company (Michigan, U.S.)

Grupo Bimbo S.A.B. de C.V. (Mexico City, Mexico)

Lantmännen Unibake International (Copenhagen, Denmark)

The Kraft Heinz Company (Illinois, U.S.)

Unilever PLC (London, U.K.)

Wawona Frozen Foods (California, U.S.)

Tyson Foods, Inc. (Arizona, U.S.)

Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/frozen-food-market-104138 

Recent Developments

June 2021: Pilgrim’s Pride Corporation completed the acquisition of Kerry Consumer Foods’ Meats and Meals division in the U.K. and Ireland. This acquisition enhances Pilgrim’s product offerings by adding established brands like Richmond, Denny, and Fridge Raiders to its portfolio.


Note: IndiBlogHub features both user-submitted and editorial content. We do not verify third-party contributions. Read our Disclaimer and Privacy Policyfor details.


Related Posts

Sponsored Ad Partners
ad4 ad2 ad1 Daman Game 82 Lottery Game BDG Win Big Mumbai Game Tiranga Game Login Daman Game login