Unilever: Frozen Food Market Forecasts Report and Company Analysis 2025-2033, Featuring General Mills, Unilever, Nestle, Tyson Foods, Nomad Foods, Ajinomoto, Conagra Brands, Kraft Heinz, McCain, Hormel

GlobeNewswire 2025-03-27 Some of the main factors favorably impacting the growth of the frozen food market worldwide are the growing emphasis on health and wellness among consumers, the proliferation of retail distribution channels, the growing e-commerce sector, the introduction of ongoing technological advancements in logistics and product preservation, and the growing demand for convenience. Dublin, March 27, 2025 (GLOBE NEWSWIRE) -- The "Frozen Food Market Size and Share Analysis - Growth Trends and Forecast Report 2025-2033" report has been added to ResearchAndMarkets.com's offering. The Frozen Food market is expected to reach US$ 456.74 billion by 2033 from US$ 293.91 billion in 2024, with a CAGR of 5.02% from 2025 to 2033 Growing consumer desire for convenience and extended shelf life has propelled the frozen food industry's recent significant expansion. The popularity of frozen meals, snacks, and vegetables has increased as a result of consumers' hectic lifestyles and their need for quick and simple meal alternatives. Advances in freezing technology have enhanced the nutritional content, flavor, and quality of frozen meals, increasing their appeal to consumers who are health-conscious. From ready-to-eat meals and frozen fruits to dairy and baked goods, frozen foods provide a vast array of options to suit a range of consumer tastes. Convenience, cost, and ease of storage continue to be important factors as the sector expands. Demand for better frozen options, like organic, low-calorie, and plant-based goods, is growing in addition to convenience. Manufacturers are being prompted by this change to concentrate on enhancing product formulations in order to satisfy the demands of the health-conscious market. The rise in online grocery shopping, where frozen food categories are growing in popularity because of their easy accessibility and home delivery choices, is another contributing factor. Along with increases in supply chain efficiency, the industry's global expansion is also impacted by changing consumer preferences in new areas. The market for frozen foods is anticipated to continue growing due to innovation and rising demand for ready-made solutions, even in the face of obstacles including shifting raw material pricing and sustainability issues. The global market is also being positively impacted by the widespread availability of frozen foods, such as frozen fruits and vegetables that typically meet particular dietary requirements. For instance, according to a study examined by Rabobank, the European Union has tripled its imports of frozen sweet potatoes, especially from the United States, in the past four years. This suggests that consumers are becoming more and more interested in these frozen varieties. Aside from this, another important element driving growth is the rising demand for freeze-dried fruit and vegetable products due to people's increased engagement in outdoor activities. 53% of Americans aged 6 and older, for example, reported engaging in outdoor leisure at least once. An optimistic forecast for the frozen food business will result from the increase in outdoor activities. Growth Drivers for the Frozen Food Market Growing Consumer Knowledge of Frozen Food Products' Extended Shelf Life Owing to their extended shelf life, frozen foods are becoming increasingly popular. As a result, major companies worldwide are also creating innovative freezing techniques and environmentally friendly packaging to keep these goods fresh for longer without the need for preservatives. For instance, Nomad Foods and the innovation network Innoget worked together to produce clean-label and paper-based packaging for frozen foods, such as frozen potato fries. Additionally, Nature Fresh Farms started a creative campaign to reduce the amount of plastic they consume by using a special compostable wrap. Typically, PLA-derived starch and plant-based ingredients, such as non-GMO maize starch, are used to make the wrap. It decomposes in any home compost without leaving behind microplastics and dissolves spontaneously into CO2 and water. The company also claims that "every 5 million cucumbers wrapped in its compostable film saves the equivalent of 23 million plastic straws from landfills." The market is expanding as a result of these packaging advancements, which keep frozen food items safe and cold during transportation. The Growing Demand for Convenient and Time-Saving Meals The growing urban working population necessitates readily prepared frozen foods, such as ready-to-eat meals, snacks, vegetables, and more. The global market will continue to be supported by these items' capacity to reheat without requiring lengthy cooking times or extensive preparations. For example, according to the World Bank, 56% of people on Earth are expected to live in cities, and by 2050, that number is expected to rise to 68%. In order to meet their varied nutritional needs and preferences, people's busy lifestyles are therefore expected to fuel the need for frozen food products. Developments in Advanced Freezing Technologies Continue To enhance the worldwide market, several of the leading companies in a number of nations are creating innovative freezing methods, such as flash freezing, to better maintain color, texture, nutritional value, and other aspects than their conventional counterparts. For instance, SPATULA Foods Inc. promised to quickly deliver restaurant-caliber food. Their experts prepare each dish to 90% readiness before flash-freezing them to preserve their flavor, nutrients, and quality without the need for preservatives. This makes their meal kits the fastest on the market. Additionally, these developments decrease food waste and create job opportunities. For example, the Black woman-owned company Mix-Detroit has been using flash-freezing vegetables from farms in Detroit, Hamtramck, and Highland Park. As a result, the global market has seen substantial development prospects. In order to provide real-time monitoring and tracking of frozen food products, many of the world's top smart packaging manufacturers are also implementing cutting-edge technologies in cold supply chains, such as printed QR codes, radio frequency identification (RFID), Internet of Things (IoT) sensors, etc. This is driving the global market. Challenges in the Frozen Food Market Supply Chain and Storage Issues Storage and supply chain management provide major obstacles for the frozen food industry. Product quality must be maintained by maintaining a steady cold storage environment, yet shipping frozen items necessitates specific equipment and infrastructure to guarantee constant temperatures. Any interruption in the cold chain, whether brought on by delays, malfunctioning equipment, or subpar storage facilities, can result in waste, product spoiling, and monetary losses. Furthermore, delays brought on by inefficiencies in the distribution network may result in a longer time to market and a shorter shelf life for the product. Maintaining the quality, safety, and profitability of frozen food products in a market that is becoming more and more competitive requires dependable and effective cold storage and distribution systems. Rising Raw Material Costs The frozen food sector faces fluctuations in the cost of raw materials, especially agricultural products and packaging materials. The profitability of frozen food producers may be directly impacted by rising production costs brought on by the price increases of essential commodities including fruits, vegetables, and meats. Market fluctuations also affect the price of packaging materials, which need to be made to withstand freezing and maintain product integrity. Retail prices may increase as a result of these growing expenses being frequently passed on to customers. Customers' price sensitivity may cause demand for frozen food to decline, so it's critical for producers to figure out how to source and produce goods as efficiently as possible while keeping prices competitive. Key Attributes: Report Attribute Details No. of Pages 200 Forecast Period 2024 - 2033 Estimated Market Value (USD) in 2024 $293.91 Billion Forecasted Market Value (USD) by 2033 $456.74 Billion Compound Annual Growth Rate 5.0% Regions Covered Global Company Analysis: Overview, Key Person, Recent Development, Revenue General Mills Inc. Unilever PLC Nestle SA Tyson Foods Inc. Nomad Foods Ltd Ajinomoto Co. Inc. Conagra Brands Inc. The Kraft Heinz Company McCain Foods Limited Hormel Foods Corporation Frozen Food Market Segments Product Category Ready-to-eat Ready-to-cook Product Type Frozen Vegetable Snacks French Fries Bites, Wedges and Smileys Aloo Tikki Nuggets Others Frozen Meat Products Chicken Fish Pork Mutton Others Frozen Vegetables Green Peas Corn Mixed Vegetables Carrot Cauliflower Others Fruits Strawberries Berries (Raspberries, Blueberries and Blackberries) Cherries Others Distribution Channel Supermarkets and Hypermarkets Convenience Stores Online Channels Others For more information about this report visit https://www.researchandmarkets.com/r/luwh9r About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. 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